Last year, European-listed Prosus, which is majority owned by South Africas Naspers, estimated adjusted earnings before interest and taxes Ebit of 400-million for its e-commerce business in the 2025 financial year, compared with a trading profit of 38-million in the 2024 fiscal year.
I am very happy to say we have exceeded our goal and will report more than 435-million for the year. For financial year 2026, I want to achieve at least the same level of incremental adjusted Ebit, Bloisi said in a letter sent to shareholders on Thursday and published on the companys website.
The group will report its full-year results in June.
Revenue at Prosus-owned OLX, one of the largest classifieds companies globally, grew by nearly 20 in the year ended 31 March, faster than its peers with room for significant margin expansion, Bloisi said. OLX's adjusted Ebit increased by over 50 to about 270-million.
Meanwhile, Prosuss Latin American food delivery platform iFood grew its adjusted Ebit by more than 100 in the year to more than 200-million, he added.