Prosus (AMS: PRX) Reports 84% Surge in Full-Year Core Profit as Adjusted EBITDA Climbs to $1.3 Billion

Prosus delivered a landmark set of results for its financial year ended March 31, 2026. The financial year ended March 2026 marked a milestone for Prosus: it delivered on its ambitious targets. This generate over $7.3 billion in revenue and $1.1 billion in Ecosystem adjusted EBITDA, with every one of its ecosystems now profitable and free cash flow excluding Tencent continuing to grow.

Full consolidated financial statements were published on June 29, 2026, confirming the scale of the turnaround. PRX trades on the Amsterdam Stock Exchange (AEX).

FY2026 Financial Highlights

Core headline earnings per share from continuing operations are expected to increase between 19.0% and 28.0%. While headline earnings per share for continuing operations will rise between 6.7% and 15.7%.

Key FY2026 metrics:

• Ecosystem revenue: Over $7.3 billion (vs. ~$6.2 billion in FY2025)
• Ecosystem adjusted EBITDA: $1.1 billion
• H1 FY2026 aEBITDA: $530 million (+70% year-on-year)
• Core headline EPS growth (FY2026): +19.0% to +28.0%
• Headline EPS growth (FY2026): +6.7% to +15.7%
• All ecosystems profitable: Yes, for the first time in Prosus history

Management highlighted that every ecosystem is now profitable and free cash flow, excluding Tencent, continues to expand, underscoring growing operational self-sufficiency.

What’s Driving the Profit Surge?

Ecosystem Transformation Complete

Prosus completed its transformation from a traditional holding company into an active operator of AI-driven lifestyle ecosystems across Latin America, Europe, and India. The group now spans food delivery, payments, classifieds, travel, events, and mobility, all under an AI-first operating model serving 2 billion customers.

Tencent Remains Central

Growth was also driven by stronger equity-accounted results from Tencent, alongside improved profitability across consolidated businesses in Latin America, Europe, and India. Tencent still represents approximately three-quarters of Prosus’ net asset value.

Key businesses driving results:

• iFood (Latin America) food delivery profits leading regional growth
• PayU payments and fintech across 20+ high-growth markets
• eMAG Eastern European etail growing across marketplace, last mile, and fintech
• Just Eat Takeaway (JET) has newly integrated a European food delivery platform
• Classifieds digital marketplace platforms across multiple regions

PRX Stock: Where It Stands

As of June 26, 2026, Prosus trades at €37.13 on the Amsterdam Stock Exchange, within a 52-week range of €36.91 to €63.94, with a market cap of €87.15 billion.

• 52-week low: €36.91
• 52-week high: €63.94
• Dividend yield: 0.52%
• Trailing P/E: 7.38
• Forward P/E: 8.70
• EV/EBITDA: 6.09

According to 20 analysts, the average rating for PRX stock is Buy, with a 12-month price target of €63.64 representing a 66.53% upside from the latest price.

Notable peer stocks in the global tech and e-commerce space include Tencent (HKG: 700), Napers (JSE: NPN), and Delivery Hero (ETR: DHER). These are all part of Prosus’ broader ecosystem and investment network.

Bottom Line

Prosus’ FY2026 results mark a genuine strategic inflection point. With $7.3 billion in ecosystem revenue, $1.1 billion in adjusted EBITDA, and every business segment profitable for the first time, the company has completed its shift from passive holding structure to AI-driven operator.

Despite PRX trading at €37.13 near its 52-week low, the 20-analyst Buy consensus, and €63.64 target suggest the market has yet to fully price in the operational progress.

Disclaimer:

The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.