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Deliveroo has made an annual profit for the first time, after a bumpy few years since a disastrous stock market listing that earned the takeaway delivery company the nickname “flopperoo”.

The 12-year-old company, a member of the FTSE 250 index of mid-sized companies, made a profit of £3m in 2024, compared with a loss of £32m in 2023, it said in a statement on Thursday.

The consumer market since our capital markets event hasn’t been the smoothest.

It’s been a long hard slog but Deliveroo has finally climbed the tough summit of reaching annual profitability … Growth is already highly sluggish in the UK, and there are concerns that the harsh global trade winds blowing could knock recovery off course.