JOHANNESBURG (Reuters) – Dutch investor Prosus NV anticipates its e-commerce business will achieve an adjusted profit of $400 million this fiscal year. CEO Fabricio Bloisi mentioned on Monday that more Indian companies under Prosus may go public, following Swiggy’s IPO.
Prosus, which is mainly owned by South Africa’s Naspers, has a significant stake in Swiggy, an Indian food delivery service gearing up for a major IPO.
In the first half of its 2025 fiscal year (April-September), Prosus generated about three times the adjusted earnings before interest and taxes (EBIT) compared to the entire previous year. The company expects $400 million in e-commerce adjusted EBIT for fiscal year 2025, a major turnaround from a trading profit of $38 million in 2024, when it faced a $413 million loss.
“I’m confident this growth will continue,” Bloisi said, stressing the importance of e-commerce as a key profit engine for the company.
In India, where Swiggy recently filed for an IPO worth $1.25 billion, Bloisi believes more investments will be listed within the next 12 to 18 months. Prosus continues to invest in various Indian firms, including PayU, Meesho, Urban Company, Pharmeasy, and BYJU’S.
Valued at about $100 billion, Prosus aims to double its worth by developing and investing in fast-growing, profitable businesses.
(Reporting by Nqobile Dludla; Editing by Susan Fenton)
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