Prosus, the technology investment arm of Naspers, announced on Monday a 99% surge in adjusted core profit for the first half of its financial year, driven by robust performance across its digital services and e-commerce portfolio.
The group’s adjusted EBITDA climbed to US$423 million, up from US$213 million in the same period last year—marking a significant step change in profitability.
Revenue Growth and Key Drivers
Prosus reported a 22% increase in first-half revenue, reaching US$3.6 billion, supported by strong contributions from:
- iFood, its leading food delivery platform in Latin America
- OLX, its global classifieds business
The company reaffirmed its full-year guidance, signaling confidence in sustained growth momentum.
Strategic Transformation
As the largest shareholder in Tencent, Prosus has historically been viewed as a passive investment vehicle. However, the group is undergoing a major strategic shift, evolving into an active operator of its e-commerce assets. This transformation aims to unlock greater value through hands-on management and operational efficiencies across its portfolio.
