Dutch technology investment giant Prosus NV announced that its e-commerce business will surpass prior expectations with adjusted EBIT (aEBIT) exceeding $435 million for fiscal year 2025, up from its previous forecast of $400 million.
Key Financial Highlights:
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E-Commerce Growth: aEBIT has surged from $38 million in FY2024 to over $435 million in FY2025.
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OLX Group: Classifieds platform OLX posted 20% revenue growth and saw aEBIT rise over 50% to $270 million.
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iFood in Latin America: aEBIT doubled to more than $200 million, driven by efficiency and market expansion.
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India Focus: Investments in Swiggy and ride-hailing app Rapido reinforce India’s role as a core growth market. Rapido is reportedly completing over 3 million rides per day and growing at over 100% year-on-year.
CEO Fabricio Bloisi’s Outlook:
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FY2026 Target: He aims to deliver at least the same level of incremental aEBIT next year.
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Regional Strategy: Prosus will continue prioritizing India, Brazil, and Southeast Asia, where the company sees strong potential and healthy returns.
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Indian Investment: Prosus has invested $8.6 billion in India so far and generated significant returns from the Swiggy IPO, which added nearly $2.4 billion to Prosus’ books.
Prosus is set to release its full-year financial results in June.