Consumer internet company Prosus on Monday reported a 47% rise in core headline earnings during the year ended March 31, 2025.
The company, which has invested in Indian food-tech major Swiggy and online payment solutions firm PayU India, reported core headline earnings of $7.4 billion compared to $5.0 billion in FY24. Core headline earnings refer to a company’s earnings derived from its primary, ongoing business operations, excluding any one-time, non-recurring, or exceptional items.
On a group level, the firm reported a 21% rise in annual revenue to $6.2 billion compared to $5.5 billion last year. In its annual report, the company attributed the rise in revenue to strong growth in iFood, OLX, iyzico and PayU India.
“In the face of unprecedented technological disruption, we are now more connected and innovative than ever before. I’m confident that our enhanced culture and ecosystem approach, powered by Prosus, will fuel our journey to create the next $100 billion in value,” said Fabricio Bloisi, Prosus CEO, Prosus and Naspers.
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Prosus, which is owned by South African technology investor Naspers, said in May that it continues to see incredible opportunities in India. Portfolio company, Swiggy, listed on public bourses last year.
According to the firm’s investor presentation, its bet on PayU India has yielded an internal rate of return of 14% in FY25 and an IRR of 23% from its investment in Swiggy during the same period. Prosus held 24.8% stake in Swiggy on a fully diluted basis at the end of the reporting period.
The firm has invested a total of $8.6 billion in Indian startups, including IPO-bound Urban Company and Meesho as well as ride-hailing startup Rapido.
Edited by Affirunisa Kankudti
