Deliveroo Posts Strong Interim Results, but Shares Flat Following DoorDash Takeover Approval
Deliveroo PLC (LSE: ROO) reported a robust set of interim results on Thursday, though its share price remained unchanged following shareholder approval of its takeover by US food delivery giant DoorDash.
For the first half of 2025, underlying EBITDA rose 46% to £96 million — around 12% ahead of average City expectations, excluding transaction costs related to the DoorDash deal.
However, on a reported basis, the company recorded a £19.2 million loss, compared to a £1.3 million profit a year earlier, largely due to expenses associated with the acquisition. Excluding those charges, pre-tax profit stood at £31.8 million.
CEO Will Shu highlighted growing customer loyalty and usage:
“Consumer engagement is encouraging, with order frequency and retention continuing to improve across all cohorts.
Today, both growth and profitability are accelerating. We are delivering on our mission to change the way people shop and eat and to bring the neighbourhood to people’s doors.”
Broker Panmure Liberum praised the performance, calling it “a very strong first half” and noting the strength of Deliveroo’s UK and Ireland operations. The firm added:
“This will be a European kingmaker asset for DoorDash should the bid go through. While we had thought Amazon might counterbid, clearly that scenario has not materialised.”
While the deal has received shareholder approval, it still awaits regulatory clearance. Analysts do not anticipate any significant hurdles in the process.
