Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Prosus sees significant growth in first quarter earnings and Al innovations
Cape Times
|August 21, 2025
PROSUS, the Naspers subsidiary listed in Amsterdam and the JSE, increased adjusted earnings before interest tax depreciation and amortisation (aEBITDA) by robust 54% in the internet group' first quarter, CEO Fabricio Bloisi said.
He wrote in a letter to shareholders at the annual general meeting on Wednesday, where all the resolutions were passed, that revenue for the period was up 15% year-on-year.
“We realised $780 million of asset sales in the last four months, showing our commitment to disciplined capital allocation,” he said.
He said the JET (Just Eat Takeaway.com) acquisition was approved in five and a half months, way ahead of market expectations; and if JET was included for the second half of the 2026 financial year, Prosus’ revenue could reach between $9.4 billion - $9.6bn and aEBITDA of $1.3 billion - $1.4bn.
This story is from the August 21, 2025 edition of Cape Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Cape Times
Cape Times
Murder in the air and Christmas spirit at heart
AS THE festive season approaches, the anticipation for seasonal stories begins to mount.
1 mins
December 19, 2025
Cape Times
Russia, Africa stand to gain from closer ties
Russia is an old and trusted friend of Africa
5 mins
December 19, 2025
Cape Times
La Niña to bring rainy festive season across South Africa, warns SAWS
PARTLY cloudy and warm-to-cool conditions are expected across much of the country over Christmas and New Year.
2 mins
December 19, 2025
Cape Times
UKRAINE DELEGATION TO HOLD TALKS
PRESIDENT Volodymyr Zelenskiy said yesterday that Ukrainian and US delegations would hold new talks today and tomorrow in the US aiming to end the Russian invasion.
1 min
December 19, 2025
Cape Times
Attacked nurse fails in bid to claim R10 million from minister
THE Mpumalanga High Court has turned down a nurse's R10 million claim against the Minister of Health, saying it was filed too late
2 mins
December 19, 2025
Cape Times
Southern Africa’s poultry revolution strengthened by collective action
IN SOUTHERN Africa, the poultry sector holds enormous promise.
3 mins
December 19, 2025
Cape Times
Workers’ strike at DRDGOLD's ERGO operations suspended
DRDGOLD has announced that planned strike action at its Ergo Mining (ERGO) operations has been suspended, allowing operations to continue uninterrupted.
2 mins
December 19, 2025
Cape Times
WEF sketches four possible global economic futures shaped by geopolitics and technology
THE global economy could splinter, stagnate or rebound sharply by 2030 depending on how geopolitical tensions and the pace of technology adoption evolve, according to a new World Economic Forum (WEF) white paper released this month.
1 mins
December 19, 2025
Cape Times
MI Cape Town tackle the Stormers as Robbie P awaits the arrival of Nicky P ahead of SA20 opener
MI Cape Town coach Robin Peterson may give his Stormers counterpart John Dobson a ring about scrumhalf Imaad Khan’s availability for the Betway SA20 Season 4.
2 mins
December 19, 2025
Cape Times
Red meat industry outlines role in tackling FMD as government intensifies response
THE Red Meat Producers' Organisation (RPO) has highlighted the significant challenges faced by the livestock industry in 2025 due to the Foot and Mouth Disease (FMD) outbreak, while outlining the role organised agriculture has played in supporting affected producers.
3 mins
December 19, 2025
Listen
Translate
Change font size