Prosus NV, the Amsterdam-listed technology investor controlled by South Africa’s Naspers, reported its first annual profit and said it will double its shareholder payout after a stronger-than-expected year for its e-commerce portfolio. A rebound at Brazilian food-delivery unit iFood, where profit almost trebled and revenue rose 30 % to $1.3 billion, helped lift group e-commerce revenue to $6.2 billion and adjusted EBITDA to $655 million in the year to March 2025. The stock gained as much as 3.6 % in Johannesburg following the announcement. At a Capital Markets Day two days later, Chief Executive Officer Fabricio Bloisi set fresh growth targets, saying Prosus aims to lift e-commerce revenue to $7.3-$7.5 billion and adjusted EBITDA to up to $1.2 billion in fiscal 2026. Over the longer term, the company plans to double total revenue to roughly $12.5 billion and exceed a $200 billion market valuation by 2028 as it shifts from a pure investment firm to an operator of large lifestyle-commerce platforms in Latin America, India and Europe. Prosus said it now manages $6.5 billion in stakes across more than 30 Indian start-ups and continues to seek IPO exits after realising $4 billion from portfolio sales to date. In a further sign of its regional push, iFood chief Diego Barreto was appointed head of Prosus’s Latin American operations while retaining his role at the delivery service.