Articles from Prosus N.V.

Prosus N.V. (Prosus) (AEX and JSE: PRX) is delivering on its ecosystem strategy, with strong growth, results and synergies taking hold across Latin America, Europe and India. Disciplined execution is driving our performance, with all of our operated businesses now profitable. We are on track to achieve our guidance1 of US$1.1bn+ in adjusted EBITDA for the full year - and this number does not include our recent acquisitions. New investments, notably Just Eat Takeaway.com (JET) and La Centrale will help fuel our growth and we aim to unlock around US$2bn from our portfolio this year.

Prosus N.V. (Prosus) (AEX and JSE: PRX) delivered a strong performance during a transformative year. We have exceeded our profitability targets, as we build the leading lifestyle ecommerce company in Latin America, Europe and India, driven by AI and innovation.

Prosus N.V. (Prosus) (AEX and JSE: PRX), the global technology company, today announced it has reached a conditional agreement to acquire Just Eat Takeaway.com (AMS:TKWY), to create the fourth largest food delivery group globally. Prosus intends to acquire Just Eat Takeaway.com’s entire issued share capital for €20.30 per share via a recommended all-cash public offer on the Amsterdam exchange. This represents a 49% premium to the 3-month VWAP as of 21 February 2025, and a 22% premium to Just Eat Takeaway.com’s highest share price over the last three months.

Prosus N.V. (Prosus) (AEX and JSE: PRX): The first six months of the financial year have been a successful period for the Group. Our operations delivered topline growth of 26%, with consolidated Ecommerce revenue of US$3.0bn, and we increased Ecommerce adjusted EBIT by five times to US$181m. We recently celebrated the listing of Swiggy, valued at US$11.3bn, and sold US$2bn+ of assets, including a portion of our Swiggy stake and our Trip.com position. Our buyback has created US$36bn of value since launch, with 10% NAV per share accretion, and is the largest globally of any tech company as a portion of market capitalisation. We are actively exploring the immense AI opportunity for our more than 2 billion customers, to accelerate our growth and profitability, and we are confident in the impact and value it will bring.

Prosus N.V. (Prosus) (AEX and JSE: PRX) The annual general meeting (AGM) of the shareholders of Prosus was held today.

Prosus N.V. (Prosus) (AEX and JSE: PRX): It has been a standout year for the Group. Prosus simplified its Group structure, delivered improvements across all core performance metrics and achieved Ecommerce profitability six months ahead of target. Operating businesses have performed well, accelerating profitable growth, while the open-ended buyback programme continues to deliver value for our shareholders every day. The rapid deployment of AI-led technologies across the Prosus ecosystem is generating real results and will set the next frontier of value creation for the Group. Prosus has a strong balance sheet and is well positioned to generate improved returns through smart and disciplined capital allocation, driving value for all stakeholders.

Prosus N.V. (Prosus) (AEX and JSE: PRX): Shareholders are advised that the Prosus group (“the Group”) is finalising its financial statements for the year ended 31 March 2024.

Prosus N.V. (Prosus) (AEX and JSE: PRX) The annual general meeting (AGM) of the shareholders of Prosus was held today.

Distribution of notice of hybrid annual general meeting

Prosus N.V. (Prosus) (AEX and JSE: PRX): In the second half of the year the group made significant progress in delivery of its strategic priorities, positioning it well for long-term value creation. The ongoing open-ended repurchase programme is creating significant value for shareholders and actions taken in H2 to streamline operations have improved profitability. The group has increased confidence in achieving its H1 2025 profit ambition, while continuing to deliver high growth.

Prosus N.V. (Prosus) (AEX and JSE: PRX): Shareholders are advised that the company’s annual report (including consolidated annual financial statements) for the year ended 31 March 2023 will be available on the company’s website, www.prosus.com, this morning, Tuesday, 27 June 2023.

Prosus N.V. (Prosus) (AEX and JSE: PRX): On 2 March 2023, Prosus announced that the core classifieds business of OLX Group continues to deliver a strong performance through the financial year, with sustained growth and improving profitability, and is well-placed for further growth and margin expansion. Most recently, OLX Autos, the adjacent car transaction business has, similar to listed peers, been affected by ongoing macroeconomic and market challenges. Higher cost of capital, high inflation and reversal of pandemic trends have led to a significant and persistent slowdown in the second-hand car market.

Prosus N.V. (AEX: PRX) has announced a solid set of results for the first half of the year. Despite a turbulent period during which industry growth expectations and valuations came under significant pressure, we have increased ecommerce revenues and continued organic investment into those segments where we see the highest growth potential. This investment is focused on building and extending our offering within core products to meet local market needs, notably within autos at OLX, convenience delivery in Food and credit at PayU. Organic investment levels peaked during the period, and together with increased scale and actively managing our cost base, our business is well positioned for improvements in profitability and cash flow generation. It is our ambition for our consolidated ecommerce portfolio to become profitable in H1 of FY2025. Our buyback programme will continue for the foreseeable future, as it meaningfully improves net asset value (NAV) per share, creating permanent value that will compound over time.

Prosus N.V. (Prosus) (AEX and JSE: PRX): Shareholders are referred to article published on 31 October 2022 by Asian Tech Press. The article claims that a CITIC-led group (a Chinese state-owned investment company) is in talks with Naspers to buy all the Tencent shares owned by the Group.

Prosus N.V. (Prosus) (AEX and JSE: PRX): Shareholders are referred to the public statements made by Naspers Limited and Prosus (together with their subsidiaries and affiliates, the Group) on 24 March 2022 and 20 May 2022, and in the Prosus results announcement for the year ended 31 March 2022 published on 27 June 2022, in relation to the Group's intention to exit its investment in its Russian classifieds businesses and operations (the Avito Group), and wherein shareholders were informed that the Group had begun searching for an appropriate purchaser (the Statements on Avito).

Prosus N.V. (Prosus) (AEX and JSE: PRX): On 31 August 2021, Prosus announced that an agreement had been reached between PayU Payments Private Limited (PayU), a subsidiary of Prosus, and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for US$4.7 billion.

Prosus N.V. (Prosus) (AEX and JSE: PRX) The annual general meeting (AGM) of Prosus N.V. was held today.

Prosus N.V. (AEX: PRX) announced strong revenue growth with profitability in core operations for the year ending 31 March 2022.

Prosus N.V. (AEX: PRX) delivered a strong performance in the six months ending 30 September 2021, growing ecommerce revenues 53%. The group stepped up investment to further accelerate growth across its increasingly valuable internet businesses.

Prosus N.V. (Prosus) (Euronext Amsterdam: PRX; JSE: PRX) (the “Offeror”) announces today the final results of the tender offer that the Offeror commenced on July 6, 2021, for any and all of the U.S.$1,200,000,000 5.500% Notes due 2025 and the U.S.$1,000,000,000 4.850% Notes due 2027 (the “Securities”), each issued by the Offeror and guaranteed by Naspers Limited, a company incorporated under the laws of South Africa, for cash (the “Offer”). The terms and conditions of the Offer are described in an offer to purchase dated July 6, 2021 (the “Offer to Purchase”). Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Offer to Purchase.

Prosus N.V. (Prosus) (Euronext Amsterdam: PRX; JSE: PRX) (the “Offeror”) announces today the results of the tender offer that the Offeror commenced on July 6, 2021, for any and all of the U.S.$1,200,000,000 5.500% Notes due 2025 and the U.S.$1,000,000,000 4.850% Notes due 2027 (the “Securities”), each issued by the Offeror and guaranteed by Naspers Limited, a company incorporated under the laws of South Africa, for cash (the “Offer”). The terms and conditions of the Offer are described in an offer to purchase dated July 6, 2021 (the “Offer to Purchase”). Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Offer to Purchase.

Prosus N.V. (Prosus) (Euronext Amsterdam: PRX; JSE: PRX) (the “Offeror”) announces today the Purchase Prices to be paid in connection with the previously announced tender offer that the Offeror commenced on July 6, 2021, for any and all of the U.S.$1,200,000,000 5.500% Notes due 2025 and the U.S.$1,000,000,000 4.850% Notes due 2027 (the “Securities”), each issued by the Offeror and guaranteed by Naspers Limited, a company incorporated under the laws of South Africa, for cash (the “Offer”). The terms and conditions of the Offer are described in an offer to purchase dated July 6, 2021 (the “Offer to Purchase”). Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Offer to Purchase.

Prosus N.V. (Prosus) (Euronext Amsterdam: PRX; JSE: PRX) announces that on 7 July 2021, Prosus priced USD and EUR notes in an aggregate principal amount totalling US$4.0 billion equivalent under its Global Medium-Term Note Programme. These issuances consist of US$1.85 billion 3.061% notes due 2031, €1.0 billion 1.288% notes due 2029 and €850 million 1.985% notes due 2033 (the “Bonds”).

Prosus N.V. (the “Offeror”) (Euronext Amsterdam: PRX; JSE: PRX) announces today an offer to purchase any and all of its outstanding U.S.$1,200,000,000 5.500% Notes due 2025 and its outstanding U.S.$1,000,000,000 4.850% Notes due 2027 (the “Securities”), each issued by the Offeror and guaranteed by Naspers Limited, a company incorporated under the laws of South Africa, for cash (the “Offer”). The terms and conditions of the Offer are described in an offer to purchase dated July 6, 2021 (the “Offer to Purchase”). Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Offer to Purchase.

Prosus N.V. (AEX: PRX) full year results confirm revenues and trading profit at record levels in the group’s entire history, as well as strong progress on strategy