Dubai-based food delivery giant Talabat has demonstrated strong financial performance with $451 million in adjusted profits for the full year, marking a 15% year-on-year increase. CEO Toon Gyssels emphasized during a Bloomberg interview that the company maintains its leadership position across all its markets despite growing competition in the Middle East food delivery sector.

The company plans to invest $100 million this year to expand its subscriber base across its verticals, indicating continued confidence in growth potential. During his conversation with Bloomberg's Joumanna Bercetche, Gyssels addressed competitive pressures from other delivery apps while highlighting Talabat's established market presence and customer loyalty.

This performance comes amid increasing consolidation and competition in the global food delivery industry. Talabat's profitability and strategic investment suggest the company has successfully navigated market challenges to strengthen its market position. The Dubai-headquartered firm remains a dominant player in the region's food delivery ecosystem.