Finance
Prosus says quarterly profit rises 54%, plans $2 billion in asset sales
Published by Global Banking & Finance Review®
Posted on August 20, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 20, 2025
1 min readLast updated: January 22, 2026
Prosus announces a 54% profit rise and plans $2 billion in asset sales, driven by strong ecommerce performance and disciplined capital allocation.
JOHANNESBURG (Reuters) -Dutch technology investor Prosus plans to raise $2 billion through asset sales in the near term, the company's CEO said on Wednesday as he announced a 54% increase in quarterly earnings.
Amsterdam-headquartered Prosus, which is majority-owned by South Africa's Naspers and focused on food and lifestyle-ecommerce within its key markets of Latin America, India and Europe, has already raised $780 million from asset sales in the last four months to July.
In a shareholder letter covering the annual general meeting and sent to media, Chief Executive Fabricio Bloisi said asset sales to date showed "our commitment to disciplined capital allocation" and set $2 billion as a near-term target.
Bloisi also said the company's ecommerce adjusted earnings before interest, taxes, depreciation and amortization (aEBITDA) rose 54% to $237 million in the quarter ending June 30, at the top end of the group's guidance.
Revenue rose 15% year-on-year to $1.7 billion, he said.
(Reporting by Nqobile Dludla;Editing by Helen Popper)
A profit surge refers to a significant increase in a company's earnings over a specific period, indicating strong financial performance.
Capital allocation is the process of deciding how to distribute financial resources among various investments or projects to maximize returns.
Ecommerce refers to the buying and selling of goods or services using the internet, encompassing various online transactions.
Asset management involves managing investments on behalf of clients, focusing on maximizing returns while minimizing risk.
Adjusted EBITDA is a financial metric that measures a company's operating performance by excluding non-recurring expenses and income.
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