Naspers expects higher headline profit thanks to e-commerce boost, Tencent

Naspers and Prosus expect higher annual headline earnings, thanks in part to the"accelerated profitability" of their e-commerce businesses.

The group had set a target of reaching consolidated profitability in its e-commerce businesses, which have reported large trading losses, in the first half of its 2025 financial year. But it later said this would happen sooner, by the end of March, 2024. "These factors, combined with improved profitability from our investments, and the continuation of the share repurchase programme, supported meaningful growth in core headline earnings per share."

Naspers expects that its core headline earnings per share from continuing operations will more than double for the year to end-March. Apart from a profitability boost from its e-commerce businesses and Tencent, an increase in its net interest income also bolstered its earnings.

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