We estimate that around one fifth of the world’s population uses products and services of businesses that we have built, acquired or invested in. Many use the products and services of more than one.
Improving everyday life for billions of people through technology
We build leading companies that empower people and enrich communities
We bring food and more to people’s doors and more customers to restaurants’ kitchens.
We put the power to make fast, secure payments in people’s hands and give them credit options too, often for the first time.
We enable people and businesses to buy and sell quickly, conveniently and safely and boost the circular economy by giving items multiple lives.
We open up a world of learning, helping millions of people learn where, when and how they want.
Our values underpin our culture, which guides our actions
We back local entrepreneurs and teams and we operate and invest in businesses in many of the most exciting markets in the world. Our focus on sustainable long-term value creation means our group is a great place for people to build their careers. We work hard to connect, learn and grow to be the best we can be.
We move fast, adapting quickly to seize opportunities. We agree on clear and ambitious goals, and regularly discuss how to beat them. Our reward is hardwired to performance, and depends on what we deliver and how we deliver it.
We strive to maximise our positive impact on society and the planet. Wherever we operate, we hold ourselves to the highest standards, set out in our code of business ethics and conduct. We’re all responsible for the impact we deliver.
We create supportive and flexible environments so we can perform at our best. We’re empowered to make decisions about our work because we’re trusted to do a great job.
We have a long history of investing and building businesses, then crystallising 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, bringing businesses to scale and profitability. This is the case for our Ecommerce portfolio, which houses our core growth segments: Food Delivery, Classifieds, Payments and Fintech, and Edtech.
As expected, FY23 marked the peak of our investment in ecommerce, with profitability and cash flow generation improving from this point. We are well on track to deliver our goal for aggregate profitability (illustrated below) during the first half of FY25. Our strong balance sheet and significant liquidity are key advantages in the current climate, underpinned by our disciplined approach to M&A and commitment to maintain our investment-grade rating.
Ecommerce scaling fast
Consolidated revenue CAGR loss of US$156m
Built valuable growth extensions
Continued investment of US$492m in high conviction growth areas in groceries, credit and Edtech
Scaled core profitability
Core Classifieds, Food Delivery and Media are profitable, core Payments and Fintech is almost at breakeven
Strengthened balance sheet
Issued US$10bn bonds at attractive rates, net cash position
Doubled Prosus’ free float
Financial and remuneration reports
Strengthened shareholder engagement
Value creation, structural action, compensation, sustainability
Unlocked value for shareholders
US$20.6bn shares repurchased since 2020
We have grown our business over the past three years.Download section
Despite significant global uncertainty, we believe technology can transform how people live their lives in every corner of the world, creating significant value for all.
We have identified key trends relevant to our business across the macroeconomic environment, technology and society, and investor landscape. Their implications have been distilled into three strategic priorities for the group.
Major health, economic and geopolitical events have impacted the macroeconomic environment greatly in recent years, and significant uncertainty remains.
India recorded the fastest real GDP growth globally in 2022, while China has reopened its borders after ending its zero-Covid policy and is stabilising the environment for tech regulation. As the world’s two largest internet audiences, these are both markets in which we have good exposure.
Our footprint is in high-growth markets.
The shared global challenges of climate change and rising inequalities demand action from all sections of society.
High-growth markets have the largest vulnerable populations and resource disparities.
Growing public demand for corporates to demonstrate value beyond financials – growth and profit are no longer enough.
As a digital technology investor and operator, we have both an opportunity and a responsibility.
ESG investing is no longer the exception but the norm as investors demand and integrate environmental and social data into their decisions.
We systematically explore emerging technologies and accelerate them across the group.
Incorporated in the Netherlands
(Registration number: 34099856)
(Prosus or the group)
Euronext Amsterdam and
JSE share code: PRX
ISIN: NL 0013654783
JP Bekker (chair), B van Dijk (chief executive), S Dubey, HJ du Toit, CL Enenstein, M Girotra, RCC Jafta, AGZ Kemna, FLN Letele, D Meyer, R Oliveira de Lima, SJZ Pacak, V Sgourdos, MR Sorour, JDT Stofberg, Y Xu
Gustav Mahlerplein 5
1082 MS Amsterdam
Gustav Mahlerplein 5
1082 MS Amsterdam
Tel: +31 20 299 9777
PricewaterhouseCoopers Accountants N.V.
Thomas R. Malthusstraat 5
1066 JR Amsterdam
Euronext listing agent
ING Bank N.V.
1102 MG Amsterdam
Euronext paying agent
ABN AMRO Bank N.V.
Corporate broking and issuer services
Gustav Mahlerlaan 10
1082 PP Amsterdam
JSE transfer secretary
Computershare Investor Services Proprietary Limited
Rosebank Towers, 15 Bierman Avenue
Tel: +27 (0) 86 110 0933
Cross-border settlement agent
Citibank, N.A. South Africa Branch
145 West Street
Investec Bank Limited
(Registration number: 1969/004763/06)
PO Box 785700
Tel: +24 (0) 11 286 7326
Fax: +27 (0)11 286 9986
The Bank of New York Mellon maintains a GlobalBuyDIRECTSM plan for Prosus N.V. For additional information, please visit The Bank of New York Mellon’s website at www.globalbuydirect.com or call Shareholder Relations at 1-888-BNY-ADRS or 1-800-345-1612 or write to: The Bank of New York Mellon, Shareholder Relations Department – GlobalBuyDIRECTSM Church Street Station, PO Box 11258 New York, NY 10286-1258
Allen & Overy LLP
1077 AB Amsterdam
Tel: +1 347-210-4305