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Naspers, once known primarily as a South African publishing company and now the owner of major consumer platforms such as Takealot, OLX, and Media24, is accelerating its transformation into a globally focused technology titan.
The company currently commands a market capitalisation of roughly ZAR 935 billion (about $54 billion, based on an exchange rate of ZAR 17.33 per dollar). A significant portion of its underlying value continues to stem from its major shareholding in Tencent Holdings, China’s largest video-game producer. Its international reach is further amplified through Prosus, its Amsterdam-based subsidiary, which participates in an intricate corporate structure and carries a valuation of around ZAR 2.7 trillion (approximately $156 billion).
CEO Fabricio Bloisi emphasised the group’s long-term ambition, stating: “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.” This reflects a deliberate pivot towards broader international expansion and value creation.
As part of its strategy, Naspers aims to unlock growth by building large, regional lifestyle e-commerce ecosystems across key high-growth markets, including Latin America, Europe, and India. Its portfolio now reaches around 2 billion consumers worldwide, spanning close to 100 companies, many of which provide complementary digital and technology services. With this vast footprint, the group believes it still has “significant headroom to continue to grow strongly while expanding profit margins.”
During the six months ending 30 September 2025, Naspers invested heavily to drive profitability, deploying USD 2.0 billion (approximately USD 1.53 billion using a SGD/USD rate of 0.766) in mergers and acquisitions. Among its most notable moves was the purchase of Just Eat Takeaway.com for about €4.2 billion (roughly ZAR 83 billion or USD 4.8 billion). The company said this acquisition advances its goal of developing a European lifestyle ecosystem and positioning itself as an AI technology leader in Europe.
Management highlighted ongoing efforts to reshape the portfolio, noting that the group continues to sell non-core businesses and reinvest that capital into strategic opportunities that support its ecosystem-led approach.
Financially, Naspers delivered strong results:
- Consolidated revenue climbed 20%, reaching USD 4.1 billion, driven by robust performance at iFood (Latin America), OLX (Europe), and PayU (India).
- Earnings from continuing operations rose from about USD 2.0 billion to USD 2.4 billion.
- Core headline earnings from continuing operations increased 13% to USD 1.7 billion, while headline earnings saw a slight dip to USD 1.1 billion.
- For total operations, earnings per share surged 36.53% to USD 0.299, and headline EPS improved 9.38% to USD 1.40 (up from USD 1.28).
The period also included a five-for-one share split completed in October, which influenced the earnings-per-share calculations.
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https://trendsnafrica.com/prosus-nv-reports-profit-in-first-half-of-fy-25/
For audiences both within Africa and around the world, Naspers’ evolution is remarkable: a company that began as a South African publisher has now reshaped itself into a global technology heavyweight—executing transformative acquisitions, expanding across continents, and signalling bold ambitions for the future.
