During the first half of the year, Prosus reported that revenue growth from its e-commerce segment accelerated compared to fiscal 2024, generating approximately three times the adjusted EBIT achieved throughout the entire previous year.
“It is critical that our core e-commerce business evolves into a more significant source of profitability and free cash flow for the group,” Bloisi emphasized.
Naspers Ltd., based in Cape Town and one of the largest technology investors worldwide, established its internet unit, Prosus, in Amsterdam about five years ago while retaining a single CEO for both companies. Bloisi is now addressing the complexities of a challenging business structure inherited from his predecessor, Bob van Dijk. This includes navigating the group’s substantial investment in Chinese tech giant Tencent Holdings Ltd. amid a difficult market landscape affecting many of Prosus’s internet ventures.
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