Naspers, South Africa’s largest company by market capitalisation, is expecting a massive boost in earnings thanks to e-commerce profit and Tencent.<\/p>\n\n\n\n
The Prosus group is finalising its financial statements for the year ended 31 March 2025. The Dutch-based Prosus is a subsidiary of Naspers and holds its international assets.<\/p>\n\n\n\n
The financial results of Prosus almost account entirely for Naspers’s results, with the two companies having a combined market cap of R3 billion.<\/p>\n\n\n\n
Starting in the media space in South Africa, Naspers is now a major technology holding company, with a large part of its wealth tied to Chinese tech giant Tencent. <\/p>\n\n\n\n
The group expects its earnings per ordinary share to increase by 98.4% to 107.8%<\/strong>. This is mainly due to the group\u2019s improved profitability and lower impairment charges.<\/p>\n\n\n\n Headline earnings per share are expected to also increase by between 98.4% and 107.8%, while core headline earnings jumped by 57.1% to 66.7%<\/p>\n\n\n\n These jumps are driven by accelerated growth and improved profitability from its consolidated e-commerce businesses and equity-accounted investments, especially Tencent.<\/p>\n\n\n\n The group noted that the gains related to the sell-down of Tencent and the impact of impairment charges are excluded from headline and core headline earnings per share.<\/p>\n\n\n\n Despite its lower figure, the board believes that core headline earnings are an appropriate indicator of the group’s operating performance, as it is adjusted for non-operational items.<\/p>\n\n\n\n The group added that it benefited from strong operations, strategic investments and partnerships.<\/p>\n\n\n\n Tencent and its e-commerce segment contributed positively to its financial performance, with the latter beating expectations.<\/p>\n\n\n\n Looking ahead, the group will focus on e-commerce businesses in Latin America, India, and Europe, as it looks to AI to drive sustainable, profitable growth.<\/p>\n\n\n\n The group’s financial statements will be published on Monday, 23 June 2025, with the following earnings ranges expected: <\/p>\n\n\n\n South Africa’s largest company, Naspers, expects its earnings to almost double in its upcoming results. <\/p>\n","protected":false},"author":95,"featured_media":796007,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[107,15103,3314,1977],"class_list":["post-827977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-naspers","tag-prosus","tag-takealot","tag-tencent"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/827977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=827977"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/827977\/revisions"}],"predecessor-version":[{"id":828017,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/827977\/revisions\/828017"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/796007"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=827977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=827977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=827977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} Total operations<\/strong><\/td> 31 March 2024<\/strong>
US cents<\/strong><\/td>31 March 2025 expected increase<\/strong>
US cents<\/strong><\/td>Expected increase<\/strong>
%<\/strong><\/strong><\/td><\/tr>Earnings per ordinary share N<\/strong>(1)<\/sup><\/td> 255<\/td> 251\u2013275<\/td> 98.4%-107.8%<\/td><\/tr> Headline earnings***per ordinary share N <\/strong>(1)<\/sup><\/td> 127<\/td> 125-137<\/td> 98.4%-107.9%<\/td><\/tr> Core headline earnings**** per ordinary share N <\/strong>(1)<\/sup><\/td> 189<\/td> 108-126<\/td> 57.1%-66.7%<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n Continuing<\/strong> <\/strong>operations<\/strong><\/strong><\/td> 31 March 2024<\/strong>
US cents<\/strong><\/td>31 March 2025 expected increase<\/strong>
US cents<\/strong><\/td>Expected increase<\/strong>
%<\/strong><\/strong><\/td><\/tr>Earnings per ordinary share N <\/strong>(1)<\/sup><\/td> 265<\/td> 241-265<\/td> 90.9%-100.0%<\/td><\/tr> Headline earnings***per ordinary share N<\/strong>(1)<\/sup><\/td> 132<\/td> 120-132<\/td> 90.9%-100.0%<\/td><\/tr> Core headline earnings**** per ordinary share N<\/strong>(1)<\/sup><\/td> 193<\/td> 104-122<\/td> 53.9%-63.2%<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"