Prosus Expects $400 Million E-Commerce Profit

Prosus NV anticipates a significant turnaround in its e-commerce sector, projecting $400 million in adjusted earnings before interest and tax (EBIT) for fiscal year 2025, following a prior trading loss of $413 million. CEO Fabricio Bloisi highlighted a threefold increase in EBIT during the first half of the fiscal year compared to the entire previous year, emphasizing the critical role of e-commerce in enhancing profitability and cash flow. The company is also looking to capitalize on the momentum from the upcoming IPO of Indian food delivery service Swiggy, valued at $1.25 billion, and plans to list more of its Indian investments in the next 12 to 18 months. Other key Indian investments include PayU and BYJU'S, reflecting Prosus's strategy to tap into the growing digital economy. Bloisi expressed confidence that the pace of improvement will not slow down, aiming to double the company's valuation to $200 billion by focusing on scalable, profitable e-commerce ventures. Prosus, majority-owned by Naspers, is determined to strengthen its market position amid evolving global economic trends.