South Africa · Delayed Price · Currency is ZAR · Price in ZAc Naspers Earnings Call Transcripts
Fiscal Year 2026
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Achieved 70% growth and expects $1.1–$1.2 billion profit this year, driven by ecosystem synergies and disciplined capital allocation. All main businesses are profitable, with iFood and India segments showing strong momentum, while Jet's turnaround is underway.
Fiscal Year 2025
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The meeting highlighted strong revenue and profit growth, a doubled dividend, and a focus on disciplined capital allocation. Strategic priorities include AI, e-commerce expansion, and sustainability, with all resolutions passed and robust shareholder engagement on governance and returns.
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Revenue grew 21% year-over-year, with adjusted EBIT surpassing $440 million and free cash flow turning positive. Strategic focus is on building leading e-commerce ecosystems in Latin America, India, and Europe, with $11 billion available for M&A and a doubled dividend reflecting confidence in future growth.
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Revenue grew 26% year-over-year with a fivefold EBIT increase, driven by operational improvements and disciplined capital allocation. Guidance for the year is $6.2 billion in revenue and $400 million EBIT, with strong growth in e-commerce and a focus on ecosystem-driven investments.
Fiscal Year 2024
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Shareholders were welcomed and key executives introduced, with a focus on strong financial growth, first-ever consolidated e-commerce profitability, and a substantial dividend increase. Strategic priorities include AI transformation, sustainability, and enhanced governance, while all resolutions were approved.
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E-commerce reached profitability ahead of schedule, with strong growth in iFood and OLX, and a 3x increase in free cash flow. AI-driven efficiencies and a $32B buyback boosted margins and NAV per share, while disciplined capital allocation and ecosystem synergies remain key priorities.