Naspers, a global leader in technology and e‑commerce via its majority stake in Prosus, posted a standout financial year performance for 2025, capitalising on growing AI, food delivery, classifieds, payments, and fintech ecosystems.
The group moved from an operating loss a year earlier to generating solid operating profit, reflecting both improved profitability in its core businesses and disciplined investment in emerging opportunities.
● Revenue: $7.18 billion, up 20% from $6.43 billion a year ago.
● Operating Profit: $124 million, compared to a $562 million loss last year.
● Net Income: $5.24 billion, almost double the previous $2.86 billion.
● E-commerce Revenue: $7 billion, a 21% year‑over‑year increase.
● Free Cash Flow: $968 million, a strong increase from $375 million.
● Cash Reserves: $19.19 billion on hand.
Following its latest earnings report, Naspers shares surged to an all-time high of R5556.29, up over 34% year-to-date, a sign of investor confidence in its strategic turnaround. Its e-commerce portfolio, including brands like iFood, OLX, and PayU India, delivered substantial improvements in adjusted EBIT, showcasing operational scalability. The proposed R4.17 dividend from Prosus, reflecting a 100% increase, indicates a growing commitment to shareholder returns. Naspers also strengthened its ecosystem through selective acquisitions like Despegar and Just Eat Takeaway, while expanding AI innovation capabilities across regions.
Still, global economic uncertainty and competition in high-growth sectors such as fintech and food delivery remain important dynamics to watch. Analysts remain cautious: Prosus has received bullish ratings from Deutsche Bank and JP Morgan, while Naspers maintains a “Buy” consensus in the US with a 12-month average price target of R6111.92.
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** This article was prepared by BROKSTOCK analyst Maboko Seabi
