Improving everyday life for billions of people through technology
Koos Bekker
Ervin Tu
Basil Sgourdos
Technology helps us to create long-term value for shareholders by improving the everyday lives of billions of people.
Download sectionThe power of technology is driving change in the world and Prosus is at the heart of this change.
Download sectionDecisive management actions in the previous review period led to consolidated profitability in the second half of the financial year, confirming our stated commitment to stakeholders.
Download sectionWe aim to be one of the pre-eminent owners of exceptional technology businesses globally.
As a group, we build world-changing businesses that delight their customers and help their communities thrive. We empower our teams to develop their skills and build meaningful careers. We create long-term value for our shareholders and our many other stakeholders.
Our businesses in Food Delivery, Payments and Fintech, Classifieds and Edtech recorded profit of US$110m in FY24, versus a loss of US$264m in FY23.
Achieved Ecommerce profitability; value-accretive open-ended share repurchase; Tencent share price growth; simplified group structure; building a repeatable process of investing towards crystallisation and return.
Net cash and excellent liquidity are strategic advantages in the current environment.
We have a long history of investing and building businesses, then highlighting value. It is in our DNA to look for new opportunities, see the potential others are not seeing and then to do the hard work of building and bringing businesses to scale and profitability.
We build long-term partnerships with the companies we invest in, to help them reach their potential and to create the most value for our stakeholders. We pick our partners carefully and spend a lot of time and energy making sure we’re right for each other.
We're responsible – this is a core value in the Prosus group, from the way we transact with billions of customers, to our business and partner relationships, and to honouring our obligations to the governments and regulatory systems of countries in which we operate.
Prosus is the holding company of a global portfolio of operating companies, many of which are in highgrowth emerging markets. We are also one of the largest technology investors in the world. We embrace this duality because we believe a holding company that both operates and invests is the ultimate valuecreation engine in technology.
Artificial intelligence (AI) exploded into the global public consciousness in 2023 when generative AI or GenAI became part of the everyday lexicon. In the business world, AI also took centre stage with R&D spending funnelled into AI projects and investments flowing into AI start-ups as the scale and breadth of the opportunity became apparent.
We have great confidence in Tencent’s long-term prospects and the execution of the buyback programme will result in the group increasing net asset value per share.
We have refined our organisational structure into one that is fit for today's purpose and our strategy for the long term, which is to be an insightful capital allocator and operator across exceptional businesses.
Our group includes some of the best-loved local consumer internet companies in around 80 countries, spanning the Americas to Asia, Europe to South Africa.
Our portfolio of food-delivery businesses allows customers to order their favourite food online and via apps for convenient delivery wherever they are.
up 16% (19%)
down 76% (76%)
OLX serves tens of millions of people every month, helping people buy and sell cars, find housing, get jobs, and buy and sell household goods.
up 26% (19%)
up >100% (>100%)
PayU enables business to collect digital payments across +150 online payment methods, including credit cards, debit cards, wallets, QR and more. It is a leading payment service provider in India with an emerging presence in south-east Asia though Red Dot Payment. PayU’s credit division helps online merchants to offer buy-now/pay-later (BNPL) and other consumer credit options.
up 24% (39%)
down 49% (61)
To date, we have invested over US$3.9bn in 12 businesses. Many of our edtech companies are deploying GenAI technologies in their platforms to enhance the learning experience for their users.
down 19% (organically up 7%)
down 69% (44%)
eMAG is an ecommerce leader in Central and Eastern Europe.
up 14% (8%)
down 43% (44%)
Our Ventures arm partners with entrepreneurs to build prominent technology companies, aiming to fuel the next wave of growth for the group.
down 10% (6%)
down 52% (49%)
Prosus holds an investment in Tencent, China’s largest and most-used internet services platform.