{"id":844485,"date":"2025-11-25T11:57:20","date_gmt":"2025-11-25T09:57:20","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=844485"},"modified":"2025-11-25T11:57:25","modified_gmt":"2025-11-25T09:57:25","slug":"takealot-set-for-first-profit-15-years-after-launching","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/844485\/takealot-set-for-first-profit-15-years-after-launching\/","title":{"rendered":"Takealot set for first profit 15 years after launching"},"content":{"rendered":"\n

The Takealot Group is expecting to turn a full-year profit in the 2026 financial year, marking the e-commerce company’s first profit ever, 15 years after its launch.\u00a0<\/p>\n\n\n\n

Takealot is South Africa\u2019s largest e-commerce business, and its history dates back to the early 2010s when Kim Reid and Tiger Global Management acquired the e-commerce business Take2.<\/p>\n\n\n\n

The company was then rebranded and launched to the public as takealot.com in June 2011. <\/p>\n\n\n\n

In 2014, the company expanded via the launch of Mr Delivery (now Mr D) and fashion retailer Superbalist. <\/p>\n\n\n\n

A year later, Takealot merged with Kalahari, with South Africa\u2019s most valuable company, Naspers, acquiring a 46.5% stake in the company for R1.2 billion. <\/p>\n\n\n\n

In 2018, Naspers increased its stake in Takealot to over 95%. While being the dominant e-commerce player in South Africa over the last decade, it has prioritised growth over profits. <\/p>\n\n\n\n

However, the company is now set to finally reach profitability.<\/p>\n\n\n\n

Speaking to the media following the release of its interim results, Takealot CFO Tessa Ackermann stated that the group is expected to turn a profit in the current period.\u00a0<\/p>\n\n\n\n

Ackermann stated that the group incurred a R68 million EBIT loss in the first half of the 2026 financial year, which ended in September 2025. <\/p>\n\n\n\n

The profit in the second half of the financial year should be enough to push the group into a full-year profit. <\/p>\n\n\n\n

However, she admitted that the group is proceeding with caution, with the next 60 days being critical.\u00a0<\/p>\n\n\n\n

With Black Friday approaching later this week and Christmas on the horizon, Takealot is entering a key part of the retail season. <\/p>\n\n\n\n

Ackermann is confident that the higher sales from October to December 2025 should push the group into a full-year profit. <\/p>\n\n\n\n

Golden child is seeing growth<\/h2>\n\n\n
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While the Takealot Group is set to reach profitability in the near future, Mr D has already reached that goal. <\/p>\n\n\n\n

While Superbalist was sold by Takealot in 2024, Mr D became profitable for the first time in the 2024 financial year. <\/p>\n\n\n\n

This performance continued into the latest financial year, with Mr D achieving 12% (10%) revenue growth to US$65 million (R1.1 billion). <\/p>\n\n\n\n

This was supported by a 14% growth in Gross Merchandise Value (GMV), with Mr D’s grocery experiencing accelerated GMV growth of 47%. <\/p>\n\n\n\n

Mr D saw an adjusted EBITDA of US$3 million (R50 million) in 1H26, maintaining profitability while scaling its offerings across food, grocery, and retail categories.<\/p>\n\n\n\n

Takealot Group CEO Frederik Zietsman noted that Mr D is expanding aggressively, with the delivery service benefiting from the rise of quick delivery options. <\/p>\n\n\n\n

Like many markets worldwide, South Africa is also experiencing a rise in demand for faster, on-demand services. <\/p>\n\n\n\n

Zietsman said that MR D has several partnerships in the works to ensure the fast delivery of goods, including collaborations with Frozen For You, Toy Kingdom, and Nespresso. <\/p>\n\n\n\n

Mr D also integrates TakealotMore, the group’s subscription service offering free delivery on orders from restaurants, grocery stores, and Takealot’s own store. <\/p>\n\n\n\n

Zietsman noted that the group has been working on integrating TakealotMore across its own marketplace and Mr D. <\/p>\n\n\n\n

TakealotMore is also working on several new partnerships, which Zietsman could not confirm, that will join the existing partnerships with Pick n Pay and News24.<\/p>\n","protected":false},"excerpt":{"rendered":"

Takealot expects to report a full-year profit for the 2026 financial year, but stressed that the coming weeks are crucial. <\/p>\n","protected":false},"author":95,"featured_media":831132,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[3314],"class_list":["post-844485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-takealot"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/844485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=844485"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/844485\/revisions"}],"predecessor-version":[{"id":844492,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/844485\/revisions\/844492"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/831132"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=844485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=844485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=844485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}