Prosus CEO Fabricio Bloisi has shared an update covering his first 100 days in charge, revealing a significant growth trajectory, much greater use of AI, and exciting plans for the upcoming IPO of Swiggy in India. His letter to shareholders outlined the continued profitability growth in Prosus’ various internet businesses, which has been boosted by the adoption of AI technologies.

Bloisi’s leadership has marked a turning point for the Naspers subsidiary, with the company continuing to execute on its promise of driving its e-commerce ventures toward profitability by the first half of the 2025 financial year. Investors previously gauged Prosus and Naspers’ value mostly on their stake in China’s internet giant, Tencent. However, under Bloisi’s leadership, the company is now making significant strides in diversifying its value proposition.

Since Bloisi’s appointment on May 17, analysts have predicted that a major focus of his leadership would be bringing the group’s e-commerce arm to operational profitability. Prosus’ share price took a slight dip of 1.15% to R4,141.06 on the Johannesburg Stock Exchange (JSE), but it remains much higher than the R2,888.84 per share it traded at a year ago.

Financial Performance & Accelerated Growth

In his letter, Bloisi emphasized that revenue for the first half of 2025 has already outpaced 2024’s figures, with adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) tripling year-over-year. This is a clear sign of financial stability and growth. The group is projected to deliver around $400 million (approximately R7 billion) in adjusted EBIT for the 2025 fiscal year, consistent with its performance last year.

Bloisi also highlighted the group’s ongoing commitment to creating value, with Prosus currently valued at around $100 billion. He has set his sights on generating an additional $100 billion by expanding and investing in fast-growing, profitable businesses.

“We are focused on creating more value in our ecosystem and generating solid returns for our shareholders,” Bloisi said, hinting at further opportunities for growth.

Increased AI Integration and Business Synergies

A key element of Bloisi’s strategy has been the integration of artificial intelligence (AI) across various sectors of Prosus’ business operations. Bloisi has spent the last three months identifying ways to boost growth and profitability through collaboration between the group’s internet businesses. He also introduced a new management model to encourage innovation, drive faster execution, and improve communication among employees.

“We are leveraging AI technology to improve operational efficiency and drive innovation across our portfolio,” Bloisi shared. “This has allowed us to amplify our results and push the boundaries of what we can achieve.”

The group has already begun showcasing AI’s benefits, citing the use of AI in businesses like iFood and OLX. Bloisi promises to further expand AI implementation across Prosus’ entire portfolio, underscoring its role in unlocking growth and enhancing productivity.

Swiggy’s IPO and the Future of Prosus’ Investments

One of the most exciting developments announced by Bloisi is Swiggy’s upcoming initial public offering (IPO) in India. Swiggy, a food delivery giant, has seen tremendous growth, reaching 100 million orders per month. Bloisi has set ambitious targets for the company to reach 200 million orders monthly.

“Our early investments in India are yielding excellent returns, and Swiggy’s IPO is a major milestone that excites us,” Bloisi remarked, indicating that the IPO will provide clear visibility for Swiggy’s value in the public domain.

In addition to Swiggy, Bloisi expressed enthusiasm about Prosus’ continued investments in India. The group is actively managing its portfolio and is optimistic about several of its Indian assets going public over the next 12 to 18 months.

Active Portfolio Management and Future Growth

Bloisi’s approach to portfolio management has also been proactive. Over the past months, Prosus sold its stake in Trip.com for $1.5 billion, streamlined eMAG’s structure with a focus on full-year profitability, and made strategic decisions to enhance Takealot’s market position in South Africa.

“We have refined our management approach to enable faster decision-making and sharper focus, particularly within Takealot, which will continue to expand its reach and services across South Africa,” Bloisi explained.

The company also signed an agreement to sell its Romanian food delivery business, Tazz, to Wolt, further demonstrating its commitment to unlocking shareholder value.

Prosus’ future outlook under Bloisi’s leadership remains optimistic, with AI integration, active portfolio management, and major milestones like Swiggy’s IPO poised to take the company to new heights.

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