The food delivery service reported pre-tax losses of £232m, up from £199m the previous year, which it put down to “investing heavily in its service as it looks to expand its operations”.

It reported that gross profit jumped by 42% to £91m, which Deliveroo put down to increased order volumes and continued growth in its core markets. Global sales meanwhile also increased, posting a 72% jump year on year to £476m.

Deliveroo said this provided “further evidence of the strength” of its business model and hailed its “enhanced customer offer”.