Jumia (JMIA) Elects New Supervisory Board

Jumia Technologies AG (NYSE:JMIA) is one of the 10 Stocks That Have the Potential to Rise 1000%.

On May 26, 2026, Jumia Technologies AG (NYSE:JMIA) announced the election and re-election of five members of its Supervisory Board at its Annual General Meeting held on May 15. Shareholders elected Hassanein Hiridjee, Dr. Akinwumi Ayodeji Adesina, and Benjamin Faw, and re-elected Jonathan Klein and Anne Ooga Eriksson. Eriksson continues as Deputy Chairperson and Chairperson of the Risk and Audit Committee.

Also on May 26, Jumia Technologies AG (NYSE:JMIA) said that it is targeting adjusted EBITDA breakeven and positive cash flow in Q4 2026. The company said that it has materially reduced cash burn and expects full-year profitability and positive cash flow in 2027.

Earlier in May, Jumia Technologies AG (NYSE:JMIA) reported Q1 revenue of $50.6M, above the consensus estimate of $39.56M. GMV totaled $211.2 million, up 31% year-over-year, or 18% in constant currency. CEO Francis Dufay said the quarter showed that operating leverage is “translating into our financials,” with adjusted EBITDA loss narrowing 32% to $10.7 million. Dufay also cited broad-based growth across markets, including Nigeria and Egypt.

Jumia Technologies AG (NYSE:JMIA) operates an e-commerce platform across Africa, Europe, the United Arab Emirates, and internationally.

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