Takealot becomes profitable for the first time
The Takealot Group has become profitable for the first time in its history, with adjusted earnings before interest and tax (aEBIT) swinging into profit.
As per parent company Naspers’ results for the financial year ended 31 March 2026, the Takealot Group saw a strong performance during the year.
The group’s revenue grew by 18% in local currency, excluding M&A, to US$1 billion (R17.3 billion at average exchange rates for the financial year).
Naspers added that the group is successfully defending its market leadership following Amazon’s entry into the marketplace.
The group achieved full-year aEBIT profit for the first time, swinging from a $13 million loss (R220 million) to a $11 million profit (R190.35 million).
This was driven by 60% in rand terms in adjusted earnings before interest, tax, depreciation and amortisation (aEBITDA) to $78 million (R1.35 billion) and 14% group GMV growth to $2 billion (R34.6 billion)
Expanded gross profit margins were driven by category mix, retail media and the TakealotMORE subscription programme.
Takealot.com was the primary contributor, generating $906 million (R15 billion) in revenue, up 28% in dollar terms and 19% in rands, and aEBIT profit of $7 million (R121 million)
With 15% gross merchandise value (GMV) growth and 18% order growth, Naspers said that Takealot.com used TakealotMORE to capture 27% of GMV.
Mr D also reported 18% revenue growth in USD and 11% in rand to $138 million (R2.4 billion), with GMV growing 13% and remaining profitable with a stable aEBIT of $4 million (R69.2 million).
“Entering FY27, the group is scaling Takealot Fulfilment Solutions (TFS) as a standalone revenue stream, monetising its existing logistics infrastructure by serving external customers across South Africa,” it said
This is said to integrate Takealot’s integrated business model, with Takealot.com and Mr D generating the transactional volume that provides scale.
Naspers added that TakealotMORE then deepens customer engagement and frequency, while TFS converts operational capacity into revenue, which should improve the overall business efficiency.
While aEBITDA and aEBIT are not standard measures of profit, Naspers said that they are the primary measures used to assess management performance and performance-based remuneration.
It is also used in setting the dividend to be paid to shareholders. However, given that it is a non-IFRS measure, it cannot be compared with other entities.
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