The group, which began life as a publisher and now owns brands such as Takealot, OLX, and Media24, is transforming into a globally-oriented tech giant.
With a market capitalisation of about ZAR 935 billion (roughly $54 billion, based on a rate of $1 = ZAR 17.33).
“We are only just beginning to build Prosus into a global tech leader and, to get there, we must stay relentlessly focused on delivering results,” says CEO Fabricio Bloisi.
The statement signals a clear intent to shift beyond domestic shores. The group has outlined a strategy to unlock value by developing “large regional lifestyle e-commerce ecosystems” in Latin America, Europe, and India.
The business now serves about 2 billion customers worldwide and spans nearly 100 companies, many of them offering complementary digital capabilities.
With this breadth, Naspers believes there is “significant headroom to continue to grow strongly while expanding profit margins”.
In the six months ended 30 September 2025, the group invested $2.0 billion, at a Singapore dollar-to-US dollar rate of about 0.766 USD per $1, roughly $1.53 billion, in mergers and acquisitions to increase profitability.
This includes the acquisition of Just Eat Takeaway.com for around €4.2 billion (approximately ZAR 83 billion, about $4.8 billion).
The company described the deal as advancing “our ambition to build a European lifestyle ecosystem and create an AI technology champion in Europe”.
“We remain disciplined in managing our portfolio by divesting non-strategic businesses and allocating that capital towards our ecosystem strategy,” the group added, pointing to an increasing focus on core assets.
On financial performance, the group reported consolidated revenue rose 20 per cent to $4.1 billion, powered by growth at iFood in Latin America, OLX in Europe, and PayU in India. Earnings from continuing operations climbed to $2.4 billion from roughly $2.0 billion in the prior period.
Core headline earnings for continuing operations increased 13 per cent to $1.7 billion, while headline earnings from continuing operations dipped slightly to $1.1 billion.
Looking at total operations, earnings per share rose by 36.53 per cent to $0.299, and headline earnings per share improved by 9.38 per cent to $1.40 per share (previously $1.28).
The firm also completed a five-for-one share split in October, which impacted the earnings-per-share calculations.
For a global and African audience alike, the Naspers story is striking: a South African-born publisher evolving into a global technology powerhouse, executing bold cross-border moves and signalling strong ambition.
Whether this expansive strategy can translate into sustained margin improvement and value for African investors remains a key watchpoint moving forward.
