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Naspers' annual profit jumps on strong e-commerce, Tencent

Date: Jun 23, 2025

South African (SA) technology investor Naspers posted a 59.4% jump in its full-year core headline earnings, driven by accelerated growth and improved profitability of its e-commerce businesses and contribution from China's Tencent.

Naspers said on Monday its core headline earnings per share (HEPS) from continuing operations rose to 1.830 United States (US) cents in the year ended March 31, up from 1.148 US cents.

Core HEPS is the main profit measure used by SA companies, and the sharp rise reflects the company’s renewed focus on enhancing profitability across its global portfolio.

The earnings increase was largely supported by accelerated growth in e-commerce platforms, which include classified ads, food delivery, and online payment services. Naspers has been steadily restructuring its portfolio to prioritise core digital businesses and streamline operations.

--Reuters/ChannelAfrica--