It has been revealed by Dutch technology investment firm Prosus NV that its e-commerce segment is projected to exceed previously issued profit expectations, with adjusted earnings before interest and taxes (aEBIT) now expected to reach over \$435 million for the current fiscal year. This upward revision, which had been conveyed by Chief Executive Fabricio Bloisi in a shareholder letter made public on Thursday, marks a significant improvement from the earlier forecast of \$400 million.
The updated guidance followed a year in which the e-commerce arm had posted an adjusted trading profit of only \$38 million, indicating that a substantial operational turnaround had been achieved. The impressive gains in profitability were attributed to continued improvements in core business operations, efficient cost management, and stronger-than-anticipated performance in key markets.
Prosus, which is majority-owned by South Africa’s Naspers, has indicated that this financial progress would be reflected in its full-year results, expected to be disclosed in June. The consistent growth trajectory, as outlined in the statement, has been framed as evidence of the group’s disciplined strategic execution and the solid positioning of its digital assets in high-growth regions.
In the communication addressed to shareholders, it was stated that the goal of achieving \$435 million in aEBIT had not only been met but exceeded, reinforcing confidence in the company’s operational model. CEO Fabricio Bloisi expressed satisfaction with the outcome, noting that for the next fiscal year, the intention would be to secure at least the same level of incremental adjusted profit growth, signaling continued expansion.
Among the most notable contributors to this improved performance was OLX, the global online classifieds platform owned by Prosus. It was disclosed that OLX had achieved revenue growth of nearly 20% for the financial year ending March 31. This rate of expansion was reportedly faster than that of comparable industry players, and it was mentioned that considerable room remained for future margin improvement. OLX’s adjusted operating profit had increased by more than 50%, reaching approximately \$270 million, highlighting the platform’s resilience and scalability.
Another key driver had been identified as iFood, the company’s food delivery operation in Latin America. It was reported that iFood’s adjusted operating earnings had more than doubled in the same period, surpassing \$200 million. This remarkable growth had been attributed to increased order volumes, improved logistics efficiencies, and greater consumer demand in Brazil and other regional markets.
In the Indian market, Prosus’ strategic positioning was underscored by recent developments involving Swiggy, a food delivery service in which the group holds a significant stake. Following Swiggy’s public listing last year, it was noted that Prosus had secured close to \$2.4 billion from the transaction, strengthening its financial position. In addition, it was revealed that the group had expanded its investment footprint in India by backing Rapido, a rapidly growing ride-hailing platform.
According to the communication from Bloisi, Rapido had demonstrated growth exceeding 100% year-on-year and had reportedly been facilitating over 3 million rides daily. These figures were presented as confirmation of India’s growing digital mobility sector and its significance within the group’s overall investment strategy.
India, along with Brazil and Southeast Asia, was reaffirmed as one of the group’s top priority markets globally. Bloisi noted that a total of \$8.6 billion had been invested by Prosus in India alone, and it was reported that strong returns had already been realized from this commitment. Continued opportunity for growth in the region was also acknowledged, suggesting that further capital deployment could be anticipated in alignment with the group’s broader ambitions.
The announcement and supporting data have been interpreted by market observers as a clear sign of Prosus’ renewed financial momentum, especially within segments that had previously faced challenges in achieving profitability. The combination of rising digital adoption, operational streamlining, and disciplined investment was said to have positioned the group for sustained earnings growth across its diversified technology portfolio.
As the global digital economy continues to evolve, Prosus’ ability to adapt and scale its holdings appears to have been rewarded with improved financial metrics. Its commitment to focusing on markets with high growth potential, such as India and Latin America, reflects a broader strategy that prioritizes innovation, market leadership, and long-term value creation for shareholders.
