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Deliveroo plc deliveroo Half - yearly financial report 2021 Strong growth and continued strategic progress in H1 2021 Operational and Strategic Highlights Growth materially ahead of expectations in H1 2021 ; consumer engagement post - reopening has been encouraging , with orders and average order value * ( AOV ) proving resilient despite restrictions easing ● ● ● ● ● ● ● Deliveroo now has the most food merchants in the UK of all delivery platforms after adding further selection ; UK expansion is ahead of plan with 72 % population coverage at end - June vs initial target of 67 % by year - end Launch of ' Full Life ' campaign , which builds on Deliveroo's support for the NHS with a new commitment to work with restaurant and grocery partners to deliver one million meals to communities in need by early next year Financial Overview¹ Further traction in on - demand grocery ( ODG ) supported by roll - out of offering with leading partners ; ODG has attractive standalone unit economics and significant synergies with restaurants business Strong rider satisfaction with 85 % of riders globally saying they are satisfied or very satisfied working with Deliveroo ; rider attraction and retention rates remain high despite rising job vacancies across economies ● Continued investment in long - term differentiation of the consumer value proposition and in growing the monthly active consumer base , given clear evidence of a positive structural shift in consumer behaviour , and strong capital position following the IPO in March 2021 Proposal to end operations in Spain announced on 30 July 2021 , as achieving a top - tier market position would require a disproportionate level of investment with highly uncertain long - term potential returns Gross Transaction Value ( GTV ) * up 102 % to £ 3,385.8 million ; GTV * growth was 131 % in Q1 and 81 % in Q2 2021 , showing continued strength despite reopening effects and an increasingly tough comparison base UK & Ireland GTV * up 110 % in H1 2021 , with broad - based geographic momentum and no material impact from UK reopening milestones during Q2 2021 International GTV * up 95 % in H1 2021 , reflecting differing patterns of reopening in H1 2021 and varying impact of lockdown restrictions in the comparison base Revenues up 82 % to £ 922.5 million , primarily due to increase in GTV * , driven by an increase in monthly active consumers compared to H1 2020 Gross Profit up 75 % to £ 263.9 million ; gross profit margin ( as % of GTV ) * of 7.8 % , down from 8.8 % in H1 2020 due to accelerated investments to support future growth , including consumer acquisition and retention , and differentiated restaurant and grocery selection ● Adjusted EBITDA * was a loss of £ ( 27.0 ) million compared to £ ( 30.3 ) million in H1 2020 , as higher gross profit was largely offset by increased investments to support future growth ● Statutory loss before tax improved to £ ( 104.8 ) million in H1 2021 compared to £ ( 128.4 ) million in H1 2020 ● Cash and cash equivalents of £ 1,626.7 million at 30 June 2021 included £ 1,012.9 million net proceeds ( after costs ) from the IPO in March 2021 Outlook & Full Year Guidance Deliveroo reiterates upgraded full year guidance provided in the Q2 2021 trading update on 8 July 2021 : Full year GTV * growth of 50-60 % ( this was increased on 8 July 2021 from prior guidance of 30-40 % ) Full year gross profit margin ( as % of GTV ) * in the lower half of the range of 7.5-8.0 % , reflecting accelerated growth investments and the continued expectation that AOV * reverts towards pre - pandemic levels in H2 2021 . O 1 In this section , GTV growth is year - on - year and in constant currency ; all other growth rates are year - on - year and in reported currency * To supplement performance assessment , Deliveroo uses Alternative Performance Measures ( ' APMs ' ) , which are not defined under IFRS . APMs are indicated in this document with an asterisk ( * ) ; definitions and further details are provided on page 37 1