Summary of statements from the annual general meeting:

Unlocking an AI-first world

We believe this time of fast change offers opportunities to invest in transformative businesses, particularly in AI or artificial intelligence. Our goal is to build the #1 lifestyle ecommerce ecosystems in Latin America, Europe and India, unlocking an AI-first world for our two billion consumers.

Given the speed at which our daily lives are becoming more digital, we have focused our considerable technological capabilities on AI and digital transformation through innovation. Equally important, we have integrated ethical AI frameworks to ensure our technologies are safe, transparent and equitable. Throughout our group, we are not negotiable on adhering to accepted standards of ethical practice in deploying technology.

Our commitment to innovation is evident in our strategic investments in high-potential areas, and our ongoing work to use AI in improving operational efficiencies and customer experiences.

Discount to net asset value

In the past year, we made further progress on reducing the discount to net asset value at which Prosus and Naspers shares trade. We have created additional value for shareholders by continuing our open-ended share-repurchase programme, funded by small sales of Tencent shares. Since its inception in mid-2022, this has increased net asset value per share by 11%, reduced the free-float share count by over 27% and generated US$35bn of value for shareholders.

Importantly, this buyback programme increases our per-share exposure to Tencent. Given our confidence in Tencent's future, we are committed to remaining a large shareholder.

Reshaping our strategy

We have reshaped our strategy to focus on exceptional performance in our ecosystems, concentrated in regions with the greatest growth potential, primarily Latin America, India and Europe. A core element of this strategy is leading in innovation to ensure that our ecosystems anticipate change.

Innovation is at the core of our future. Across the group, expert teams are working independently and collaboratively to innovate - transforming ideas into functional benefits for our customers and the companies in our portfolio. At Prosus level, we are already proving the benefits of integrated technologies and optimal use of our databases as we develop large commerce models that will underpin our ecosystems.

In the review period, we made good progress on our strategy, supported by disciplined execution and management. With active portfolio management across multiple fronts, our FY25 results demonstrate real progress in building sustainable operations.

A year of progress

The 2025 financial year was a turning point for our group as we outpaced our peers in revenue growth. Group revenue grew 13% to US$6.2 billion, driven by strong performances in Classifieds and Food Delivery. Consolidated revenue growth for our Ecommerce segment was 21% in local currency excluding M&A, 2x faster than our peer group.

We continued to look for long-term growth opportunities, with external investment of US$7.8bn for the year - mostly for the acquisitions of Despegar in the Latin America ecosystem and Just Eat Takeaway in the Europe ecosystem. While this is above the US$6.3bn peak in 2022, we maintained discipline in a challenging investment landscape.

Our balance sheet remains strong and liquid, with net cash of US$2.6bn. We remain fully committed to our investment-grade rating.

Our role in society

As a global technology group, we are creating solutions for some of the world's most-pressing needs. We are committed to discovering and scaling digital services and technologies that help address shared global challenges through our diverse portfolio. Equally, we believe large technology companies like Prosus have a responsibility to ensure a positive impact in the communities where they operate and to support the transition to a green and inclusive economy.

Prosus is inherently a sustainable company - environmentally, our digital platforms are asset-light and low-carbon; socially, the reputation of each platform is tied to ensuring a lasting and positive impact across its value chain; and all our businesses are guided by the stringent governance standards set at group level.

As a result, we are well-positioned to respond to the global demand from shareholders and other stakeholders for more substance and transparency on how companies embed sustainability into their business practices. At the same time, regulatory sustainability reporting requirements are increasing significantly, particularly in Europe and India. These present additional compliance challenges, but we are proactively preparing to comply with these requirements as detailed in our annual report.

We are harnessing the power of technology to create solutions for challenges like climate action and social inclusion. For example, our grocery-delivery and etail platforms combine convenience with a lower carbon footprint. Our best-in-class food-delivery businesses are creating livelihoods in countries with high youth unemployment. At the same time, they are focused on curbing the environmental impact of delivery services through sustainable packaging initiatives and zero-emission vehicles. Our digital financial services reach people in remote regions, often providing access to finance for the first time.

Aligning remuneration to performance and value creation

Naspers operates in highly competitive, fast-changing markets, many characterised by the shortage of key skills. Our remuneration principles are simple: pay for performance; align with desired shareholder outcomes; achieve the business plan; and be consistent. Our remuneration structures therefore focus on attracting, motivating and retaining the best people to create sustainable shareholder value.

We continued to amend our remuneration structure to better align with our strategic goals and shareholder interests. Some of these changes reflect feedback from our shareholders and the investment community during our annual remuneration roadshow. We have done our best to incorporate these recommendations, as noted in our detailed response in the annual report. As one example, for FY26, we again included a discount-related goal in the CEO and chief financial officer's (CFO) short-term incentive objectives

The remuneration packages for our CEO, Fabricio Bloisi, new CFO, Nico Marais, and new executive director, Phuthi Mahanyele-Dabengwa, were detailed in our annual report.

Distributions to shareholders

Shareholders approved the distribution to holders of ordinary shares N of 20 euro cents per share. Shareholders holding their ordinary shares N in South Africa via Strate will then receive a gross distribution of 412.4360 Rand cents per ordinary share N. Holders of ordinary shares B and ordinary shares A1 will receive an amount per share equal to their economic entitlement as set out in the articles of association.

Dividends and capital repayments are declared and paid in euros. The above amounts are based on an EUR/ZAR exchange rate of 20.6218 cents per share as at 20 August 2025. Further details regarding the distribution will be published at a later date.

Looking forward with confidence

Our purpose is unchanged - we aim to improve everyday life for people around the world by building leading companies that use technology to meet societal needs in better ways. Our focus on being a responsible business that has a sustainable, positive impact on the world and operates under high standards of corporate governance will continue to guide our work.

We are excited about the opportunities ahead. We aim to keep growing fast, create competitive advantage through innovation, and increase our profitability. This will create long-term value for our shareholders.

Amsterdam, the Netherlands

21 August 2025

JSE sponsor to Prosus:

Investec Bank Limited

Euronext listing agent

ING Bank N.V.

Euronext paying agent

ING  Bank N.V.

Enquiries 

About Prosus

Prosus is a global consumer internet group and one of the largest technology investors in the world. Each month, over two billion customers across the globe use the products and services of companies that Prosus has invested in, acquired or built. Prosus builds leading consumer internet companies that empower people and enrich communities. The group is focused on online classifieds, food delivery, payments and fintech. The team actively backs exceptional entrepreneurs using technology to improve people's everyday lives.

Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and secondary listings on the Johannesburg Stock Exchange (XJSE:PRX) and A2X Markets (PRX.AJ). Prosus is majority-owned by Naspers.

For more information, please visit www.prosus.com.

Disclaimer

This document contains information that qualifies as inside information within the meaning of Article 7(1) of the Market Abuse Regulation.

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

The information contained in this announcement may contain forward-looking statements, estimates and projections. Forward-looking statements involve all matters that are not historical and may be identified by the words "anticipate", "believe", "estimate", "expect", "intend", "may", "should", "will", "would" and similar expressions or their negatives, but the absence of these words does not necessarily mean that a statement is not forward-looking. These statements reflect Prosus's intentions, beliefs or current expectations, involve elements of subjective judgement and analysis and are based upon the best judgement of Prosus as of the date of this announcement, but could prove to be wrong. These statements are subject to change without notice and are based on a number of assumptions and entail known and unknown risks and uncertainties. Therefore, you should not rely on these forward-looking statements as a prediction of actual results. 

Any forward-looking statements are made only as of the date of this announcement and neither Prosus nor any other person gives any undertaking, or is under any obligation, to update these forward-looking statements for events or circumstances that occur subsequent to the date of this announcement or to update or keep current any of the information contained herein, any changes in assumptions or changes in factors affecting these statements and this announcement is not a representation by Prosus or any other person that they will do so, except to the extent required by law.