Global technology investor Prosus has unveiled an ambitious plan to generate US$2 billion (approximately R35 billion) through the sale of non-core assets in the near future. The announcement was made by CEO Fabricio Bloisi on Wednesday, concurrently with the release of stellar quarterly results that saw the company’s core e-commerce earnings surge by 54%.
In a detailed letter to shareholders ahead of the company’s Annual General Meeting, Mr. Bloisi confirmed that Prosus is sharpening its focus on its most promising ventures. The Amsterdam-headquartered group, which is majority-owned by South African tech conglomerate Naspers, has already made significant headway on this strategy, raising US$780 million from asset disposals in the four-month period from April to July 2025.
Mr. Bloisi positioned these moves as a clear signal to investors, stating that the sales to date demonstrate “our commitment to disciplined capital allocation.” By setting a firm US$2 billion target, the company is reinforcing its strategy to streamline its vast portfolio and reinvest capital into its high-growth food and lifestyle e-commerce operations across its key markets in Latin America, India, and Europe.
This strategic pivot is underpinned by a robust financial performance. For the first quarter of its financial year, ending June 30, 2025, Prosus reported that its e-commerce portfolio’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) climbed an impressive 54% to reach US$237 million. This strong profitability figure landed at the top end of the group’s own guidance, indicating excellent operational efficiency and market execution.
Top-line growth also remained solid, with group revenue increasing by 15% year-on-year to US$1.7 billion for the quarter. The combination of strong revenue growth and a significant jump in profitability highlights the increasing maturity and market leadership of Prosus’s core investments.
