Prosus expects annual e-commerce profit to beat $400 million guidance

JOHANNESBURG (Reuters) -Dutch exertion capitalist Prosus NV expects adjusted nett astatine its e-commerce concern to transcend its guidance and scope $435 cardinal this fiscal year, Chief Executive Fabricio Bloisi said connected Thursday.

Last year, Prosus, majority-owned by South Africa's Naspers, estimated adjusted net earlier involvement and taxes (aEBIT) of $400 cardinal for its e-commerce concern successful the 2025 fiscal year, compared with a trading nett of $38 cardinal successful the 2024 fiscal year.

"I americium precise blessed to accidental we person exceeded our extremity and volition study much than $435 cardinal for the year. For fiscal twelvemonth 2026, I privation to execute astatine slightest the aforesaid level of incremental aEBIT," Bloisi said successful a missive sent to shareholders connected Thursday and published connected the company's website.

The radical volition study its full-year results successful June.

Revenue astatine Prosus-owned OLX, 1 of the largest classifieds companies globally, grew by astir 20% successful the twelvemonth ended March 31, "faster than its peers with country for important borderline expansion," Bloisi said. OLX’s aEBIT accrued by implicit 50% to astir $270 million.

Meanwhile, Prosus' Latin American nutrient transportation level iFood grew its aEBIT by much than 100% successful the twelvemonth to much than $200 million, helium added.

In India, wherever its Swiggy concern listed past year, bringing successful astir $2.4 cardinal for the group, Prosus precocious invested successful Rapido, which is increasing much than 100% year-on-year successful thrust hailing and doing much than 3 cardinal rides per day, helium said.

Bloisi re-affirmed India's presumption arsenic 1 of the Dutch group's planetary precedence markets alongside Brazil and Southeast Asia.

"We person invested $8.6 cardinal successful India, we person seen a precise bully instrumentality already, and we proceed to spot a batch of accidental successful the region," Bloisi said.

(Reporting by Nqobile Dludla; Editing by Susan Fenton)