Naspers ecommerce sees 71% surge in interim profitability and more Artificial Intelligence-driven growth

NASPERS Ecommerce has reported a hefty 71% increase in interim profitability, with all operating businesses now profitable, CEO Fabricio Bloisi said Monday.

- EDWARD WEST

The group, one of the biggest listed companies on the JSE and which holds the separately listed Europe-based subsidiary Prosus, is on track to meet guidance of $1.1 billion in adjusted earnings before interest, tax, depreciation and amortisation (aEBITDA) for the year to end-March 2026, driven by strong performance in Latin America, Europe, and India.

Ecommerce aEBITDA increased to $557 million from $326m results for six months to September 30, 2025, showed. In October, the group completed a fivefor-one share split that has an impact on the earnings per share.

Total core headline earnings increased to $1.7bn compared with R1.5bn at the same time a year before.

"We are delivering as promised through strong execution, discipline, and integration-driving deeper engagement with customers and unlocking new revenue streams. In Latin America, Depegar's integration with iFood is boosting revenue ... while better execution and strategic acquisitions are strengthening our position in India. In Europe, we have invested in JET (Just Eat Takeaway.com) and La Centrale," Bloisi said in an online presentation.