Prosus (PRX) H2 2026 earnings summary

Executive summary

• Ecosystem revenue reached $9.7 billion in FY26, up 12%–57% year-over-year, with all regional ecosystems profitable at the aEBITDA level.

• aEBITDA grew 44%–84% to $1.3 billion, and free cash flow hit a record $1.5 billion, up $2 billion over two to three years.

• Core headline earnings per share increased 24%, amplified by a significant share buyback program.

• AI innovation accelerated, with proprietary platforms like ToqanClaw and Zapia deployed to millions of partners.

• Ecosystem strategy is being replicated in India and Europe, leveraging technology and cross-sell synergies.

Financial highlights

• Group consolidated revenue rose to $9.7 billion, with ecosystem aEBITDA margin improving to 13%.

• EBITDA/aEBITDA rose to $1.3 billion, up 84% year-over-year.

• Free cash flow from operations increased to $1.5 billion, up $493 million year-over-year.

• $46 billion returned via share buybacks, resulting in 16pp NAV accretion.

• Full-year dividend increased 40% to 28 euro cents.

Outlook and guidance

• Revenue guidance for next year is EUR 12–12.3 billion, with continued investment in growth over short-term profitability.

• Ongoing investment in iFood, Just Eat Takeaway, and AI to drive scale and future growth.

• No major acquisitions planned; focus is on organic growth, disciplined capital allocation, and continued buybacks.