Prosus Experiences Remarkable 99% Profit Surge Driven by E-Commerce Expansion

Post by : Bianca Suleiman

Dutch technology investor Prosus has revealed an impressive 99% rise in its adjusted core profit for the first half of its financial year, showcasing the robustness of its expanding digital and e-commerce presence. Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) reached $423 million, nearly doubling the $213 million reported for the same timeframe last year.

Revenue also increased by 22% year-on-year, totaling $3.6 billion, driven by strong performances across its key platforms. Major contributions came from iFood, the online food delivery service, and OLX, the classifieds marketplace, both reflecting significant user engagement and growth. The company reaffirmed its annual guidance, reflecting confidence in its transformation strategy.

Majority-owned by South Africa’s Naspers and the largest shareholder in China's tech titan Tencent, Prosus is transitioning from a passive investment strategy to an active role in managing its e-commerce operations. Analysts believe this strategy enables the group to more effectively leverage its portfolio assets, improving operational outcomes and revenue channels.

By focusing on investments in digital services and e-commerce, Prosus is establishing itself as a significant contender in the global tech arena, targeting long-term growth by capitalizing on increasing online consumption trends.