Prosus on track to doubling value in three years

Prosus expects trading profit of more than $435 million (R7.97 billion) at its eCommerce division, exceeding an earlier target for the 2025 financial year, according to Chief Executive Officer Fabricio Bloisi.

Boosting eCommerce profit is a key part of the plan to double the company’s value by June 2028.

Prosus also expects “at least the same level of incremental” adjusted earnings before interest and taxes to be achieved in its 2026 financial year, Bloisi said in a shareholder letter published on Thursday.

Prosus, the top shareholder of Tencent Holdings, has been slowly selling down its stake in the Chinese tech giant and repurchasing its own shares, returning $35 billion across the group, the company said in the letter.