By Najat Kantouar
Prosus, Tencent Holdings' largest shareholder, reported a rise in net profit for its fiscal first half, driven by its investment in the Chinese tech giant and the sale of a portion of its stake.
Net profit for the six months through Sept. 30 rose to $5.63 billion from $4.59 billion in the year-earlier period, the Amsterdam-listed technology investor said Monday. This compared with consensus expectations of $6.11 billion, according to estimates provided by Visible Alpha.
Higher profitability at Tencent and the group's e-commerce operations as well as a $3.3 billion gain from trimming its Tencent stake by 1% contributed to the result. Prosus held a stake in Tencent valued at $163.5 billion as of Friday's close.
Prosus said revenue for the period rose to $3.62 billion from $2.96 billion, compared with analysts' expectations of $3.59 billion, according to a Visible Alpha consensus.
The company said the revenue increase was mainly driven by accelerated growth in its e-commerce businesses, particularly iFood in Latin America, OLX in Europe and PayU in India.
Adjusted earnings before interest, taxes, depreciation, and amortization from continuing operations in its e-commerce segment climbed 70% to $530 million.
Prosus reiterated its fiscal 2026 guidance, which includes e-commerce revenue of between $7.3 billion to $7.5 billion and adjusted Ebitda of $1.1 billion to $1.2 billion, excluding recently acquired Just Eat Takeaway.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
11-24-25 0247ET
