Slide 1: H1 FY26 Results
H1 FY26 RESULTS FOR THE 6 MONTHS ENDED 30 SEPTEMBER 2025 1
Slide 2: Important Information
IMPORTANT INFORMATION This report contains forward-looking statements as defined in the United States Private Securities Litigation Reform Act of 1995 concerning our financial condition, results of operations and businesses. These forward-looking statements are subject to a number of risks and uncer
Slide 3: H1 FY26 Summary - We Are Delivering As Promised
H1 FY26 SUMMARY - WE ARE DELIVERING AS PROMISED Ecosystem strategy is delivering good results, growth & synergies: iFood: 35%; OLX 17%, 1 PayU 17% YoY revenue growth; iFood now more than 5% of Decolar net revenue in Brazil. Strong discipline and growth drives results: 70% YoY profit growth ($530M aE
Slide 4: Building the #1 lifestyle ecommerce company in Europe, India and Latin America
WE ARE BUILDING THE #1 LIFESTYLE ECOMMERCE COMPANY IN EUROPE, INDIA AND LATIN AMERICA Unlocking an AI-first world for our 2B customers 4
Slide 5: Our Agenda
OUR AGENDA 1 2 3 4 LATAM INDIA EUROPE H1 FY26 Delivering Improved Investments Acting with the synergies connection, approved - we discipline and we promised results & are just getting producing companies started results 5
Slide 6: Our Ecosystems Unlock an AI-First World
OUR ECOSYSTEMS UNLOCK AN AI-FIRST WORLD BUILDING THE #1 LIFESTYLE ECOMMERCE COMPANY TENCENT IS THE BEST IN EUROPE, INDIA AND LATIN AMERICA ECOSYSTEM IN CHINA LATAM EUROPE INDIA CHINA TODAY: ~$10-15B ~$15-20B ~$6-11B $169B POTENTIAL: ~$50B ~$50B ~$50B and continued strong growth Just Eat Takeaway was
Slide 7: LatAm Is Leading the Way
LATAM IS LEADING THE WAY ~100M Customers FOOD DELIVERY GROCERIES ~US$25B LOYALTY Annualised GMV FINANCIAL ADS SERVICES PAYMENT & MOBILITY CREDIT BNPL CLASSIFIEDS SMART POS DINE IN MARKETPLACE ~US$500M TRAVEL & ENTERTAINMENT (FY26) expected aEBITDA 7
Slide 8: We Are Building Connections with Real Outcomes in LatAm
WE ARE BUILDING CONNECTIONS LATAM WITH REAL OUTCOMES IN LATAM WE’VE TESTED 4 MAIN GROWTH SCHEMES… +30 EXPERIMENTS ONGOING LOYALTY CLOSED LOOP CROSS DISCOUNTS CASHBACK WITH iFOOD (D! POINTS) INTEGRATED APP CLUB PAYMENTS Exclusive Cashback in discounts in D! for every iFood order Clube members into D!
Slide 9: Connections Already Producing Results: 5% of Decolar Net Revenue from iFood
CONNECTIONS ALREADY PRODUCING RESULTS: LATAM 5% OF DECOLAR NET REVENUE FROM IFOOD TESTING PHASE Achieved 5%1 of net revenue at Decolar in just 5 months 9x Despegar w/ Clube GROSS User’s Base iFood BOOKINGS % OF DECOLAR’S NET REVENUE CLIENT BASE OVERLAP <5% iFood Clients Use Despegar WEEK 1 Numbers r
Slide 10: Indian Ecosystem Is Increasingly Connected & Results Are Improving
INDIAN ECOSYSTEM IS INCREASINGLY INDIA CONNECTED & RESULTS ARE IMPROVING PayU ACTING AS THE CONNECTOR PayU PROFIT IMPROVING WIP LIVE WIP Revenue ($’M) IN PAYMENTS WIP 1% PAYU AUM for total merchant aEBITDA ($’M) aEBITDA MARGIN lending business ($M) AUM ($M) 204 190 -8% IN MERCHANT 157 aEBITDA MARGIN
Slide 11: We Have Strengthened the India Ecosystem
WE HAVE STRENGTHENED THE INDIA ECOSYSTEM INDIA BY ADDING FAST GROWING & HIGH-QUALITY COMPANIES MINORITY INVESTMENT IN RAPIDO 15% STAKE IN IXIGO The fastest growing scaled The fastest growing consumer tech company in India OTA platform in India $2.2B GMV (GMV IN $B) ANNUALIZED ($B) $1.7B Buses $1.2B
Slide 12: We Have Invested to Build a European Ecosystem
WE HAVE INVESTED TO BUILD A EUROPEAN EUROPE ECOSYSTEM WE ARE IN EXECUTION MODE NOW WE WILL FOCUS ON LA CENTRALE WILL ADD GROWTH REIGNITING JET’S GROWTH AND PROFITABILITY TO OLX Delisted Transaction 17 November closed 2025 17 November 2025 1st steps 4.5M 35% Monthly unique share of transactions IMPAC
Slide 13: Tencent Is Growing Its Ecosystem in China
TENCENT IS GROWING CHINA ITS ECOSYSTEM IN CHINA 3Q25: STRONG PROFIT & REVENUE GROWTH STRONG PROFITABLE GROWTH IMPRESSIVE PERFORMANCE Revenue2 15% YoY Revenue growth (Consensus: 13%1) $27B +15% YoY YoY Gross profit growth Operating profit2,3 22% (Consensus: 20%1) $10B +18% YoY 1 Bloomberg consensus 2 A
Slide 14: LCM Personalizing Every Flow
LCM PERSONALIZING EVERY FLOW SEARCH PROMOTIONS CRM • &LCM item profiles Semantic Search • Promotions Personalized • Notifications Push +435% CR • Search Personalized • Segmentation Targeted • Re-ranking • +19% CTR for Churn • expansion Query Segment • Global +2.3% CR Search • Pharmacy +4.8% CR • Perso
Slide 15: We Continue to Innovate Quickly
WE CONTINUE TO INNOVATE QUICKLY AGENTIC WORKFORCE MORE THAN 20K ACTIVE AGENTS ADVOLVE IMPACT AT iFOOD KEY RESULTS IN 3 MONTHS SOFIA SDR AGENT +3.0K 25% ~90% Images and Lower CPA Time videos Generated (cost reduction) Savings 2,660 LEADS CONVERTED AND MORE SUCCESS STORIES FROM: 15
Slide 16: Prosus Continues to Execute and Revenue Is Scaling Quickly
PROSUS CONTINUES TO EXECUTE AND REVENUE IS SCALING QUICKLY CONSOLIDATED ECOMMERCE REVENUE ($’B) 22% (14%) >2X YoY revenue growth2 Ambition1 (FY25 – FY28) 1 Future ambition assumes constant currency and no new additional acquisitions or disposals. FY28 includes Just Eat Takeaway (JET). 16 2 Percentag
Slide 17: Strongest Revenue Growth Is Coming from Our Most Profitable Businesses
STRONGEST REVENUE GROWTH IS COMING FROM OUR MOST PROFITABLE BUSINESSES STRONG PERFORMERS SCALING & PROFITABLE IMPROVING CHALLENGED REVENUE GROWTH1 REVENUE GROWTH1 REVENUE GROWTH1 REVENUE GROWTH1 REVENUE GROWTH1 35% 17% 50% 17% -3% aEBITDA MARGIN aEBITDA MARGIN aEBITDA MARGIN aEBITDA MARGIN aEBITDA M
Slide 18: Profits Are Also Scaling Quickly and We Are Just Getting Started
PROFITS ARE ALSO SCALING QUICKLY AND WE ARE JUST GETTING STARTED CONSOLIDATED ECOMMERCE aEBITDA ($’M) 70% (58%) >3.5X YoY Growth Ambition2 (FY25 – FY28) 1 aEBITDA has been adjusted to reflect the new reporting segment. i.e. Ventures is not longer part of ecommerce but part of corporate expenses 2 Fu
Slide 19: We Are Investing Wisely & Managing Our Portfolio with Discipline
WE ARE INVESTING WISELY & MANAGING OUR PORTFOLIO WITH DISCIPLINE STRENGTHENING INVESTING IN OPTIMISING OUR OUR ECOSYSTEMS OURSELVES PORTFOLIO $63B $1.2B Value created¹ divestments so far in FY26 30% of Prosus free-float ~$2B expected in repurchased asset sales for FY26 Largest buyback of any tech co
Slide 20: The Road Ahead
THE ROAD AHEAD 1 2 3 DISCIPLINED & STRENGTHEN AI-FIRST ACTIVE PORTFOLIO ECOSYSTEM INNOVATION MANAGEMENT Drive cross-platform Advance AI capabilities: Profitable collaboration growth Agentic workforce Disposals Execute Large commerce model strategic growth initiatives at JET Life assistants Continued
Slide 21: Financial Results
FINANCIAL RESULTS FOR THE 6 MONTHS ENDED 30 SEPTEMBER 2025 21 21 21
Slide 22: H1 FY26 Financial Highlights
H1 FY26 FINANCIAL HIGHLIGHTS 1 14% Ecommerce revenue growth: ahead of our peer group1,2 2 Strongest revenue growth coming from the most profitable businesses 3 $530M Ecommerce aEBITDA: 58% improvement YoY2 4 $399m free cash flow improvement: largest ever FCF generation ex-Tencent 5 24% Core HEPS grow
Slide 23: Strong Revenue Growth and On Track to Hit Guidance
STRONG REVENUE GROWTH AND ON TRACK TO HIT GUIDANCE SUSTAINED REVENUE GROWTH Revenue ($’M) & Revenue Growth (%)1 ON TRACK $7.3B+ 14% 17% 4 0 % 22% 26% 2 0 % 16% 16% 18% Consolidated 0 % -2 0 % Ecommerce 3 623 Revenue target 2 911 2 963 3 207 -4 0 % for FY262 2 442 2 556 2 039 -6 0 % -8 0 % +26% -1 0
Slide 24: Driven by Peer Beating Growth in Our Largest Businesses
DRIVEN BY PEER BEATING GROWTH IN OUR LARGEST BUSINESSES H1 FY26 CONSOLIDATED REVENUE GROWTH AGAINST PEER SET (%)1 Strong performers Improving Challenged +2p.p. scaling quickly faster growth compared to of peers Peers¹ Prosus Peers¹ Prosus Peers¹ Prosus 6 0 % 1 8 % 17% 1 2 % 11% Peers¹ Prosus 50% 1 6
Slide 25: Profit Continued to Improve and More Is Expected in H2
PROFIT CONTINUED TO IMPROVE AND MORE IS EXPECTED IN H2 ECOMMERCE aEBITDA MOMENTUM CONTINUES ON TRACK +4p.p. $1.1B+ Ecommerce aEBITDA ($’M) aEBITDA margin & aEBITDA Margin (%)1 improvement YoY 530 19% 377 Consolidated 312 ecommerce aEBITDA 14% 237 15% target for FY262 146 12% 9% 11% 8% 4% 10 6% +58%
Slide 26: iFood Grew Revenue and Profit Strongly
iFOOD GREW REVENUE LATAM AND PROFIT STRONGLY H1 FY26 H1 FY26 H1 FY26 35% Revenue growth1,2 64% aEBITDA growth1,2 21% aEBITDA margin2 Revenue (BRL’M)2 aEBITDA (BRL’M)2 Food Delivery Pago + New initiatives 6 0 3 0 % 2 500 5 0 19% 2 5 % 2 0 % 4 0 2 300 2 100 610 753 3 0 1 5 % 541 490 478 493 519 1 900
Slide 27: iFood Pago Is Scaling Very Quickly, Close to Breakeven
iFOOD PAGO IS SCALING VERY LATAM QUICKLY, CLOSE TO BREAKEVEN 21% OF REVENUE AND GROWING REVENUE 96% YoY iFood B2C1 and payment iFood B2B Credit has a unique credit engine which is hard to replicate offering near doubles TPV (high approval rate, with low delinquency rate and it’s already profitable) T
Slide 28: Despegar Is Focusing on Leveraging the LatAm Ecosystem
DESPEGAR IS FOCUSING ON LATAM LEVERAGING THE LATAM ECOSYSTEM 30% H1 FY26 gross bookings growth1 13% H1 FY26 revenue growth Gross bookings are growing strongly aEBITDA2 is expected to recover Lead generation in valuable customers as it focuses on growing higher margin products from iFood app is rampi
Slide 29: Strong Growth and Margin Expansion at OLX
STRONG GROWTH AND MARGIN EXPANSION AT OLX EUROPE 17% H1 FY26 Revenue Growth 49% H1 FY26 aEBITDA margin (+10 p.p YoY) Revenue ($’M) & aEBITDA Margin (%) MARGIN (%) MOTORS 1 23% H1 FY26 YoY revenue growth 60% 53% Sum of revenue growth and 51%² margin almost at ambition of 52% REVENUE (US$’M) 50% “Rule
Slide 30: Flat Revenue with Improved Profitability in a Challenging Macro Environment
FLAT REVENUE WITH IMPROVED PROFITABILITY EUROPE IN A CHALLENGING MACRO ENVIRONMENT ~60% of GMV 4% H1 FY26 aEBITDA margin Revenue ($’M) aEBITDA ($’M) 55% aEBITDA 795 growth for 756 31 H1 FY26 27 638 568 562 25 577 530 23 20 520 554 449 17 447 431 481 15 412 12 9 9 5 0 0 (2) Q1 FY23 Q2 FY23 Q3FY23 Q4F
Slide 31: Strong Revenue Growth & Efficiency Focus Improved Margin
STRONG REVENUE GROWTH & INDIA EFFICIENCY FOCUS IMPROVED MARGIN H1 FY26 YoY H1 FY26 YoY aEBITDA margin 17% revenue growth1 +6p.p. aEBITDA margin improvement +9p.p. improvement from lowpoint in 1Q25 Revenue ($’M) aEBITDA ($’M) 1% aEBITDA margin 214 183 3 3 165 177 181 180 132 155 132 145 (6) (1) (6) (
Slide 32: FCF Grew Strongly Driven by Improved Profitability
FCF GREW STRONGLY DRIVEN BY IMPROVED PROFITABILITY… FREE CASH FLOW FROM TOTAL OPERATIONS, YOY ($’M)1 $399M Improvement YoY 236 (35) 1 296 204 (6) 897 H1 FY25 Cash Capex Tencent & Tax H1 FY26 from operations other dividends ¹ FCF (Free cash flow) is defined as aEBITDA less adjustments for non-cash ite
Slide 33: Leading to Our Largest Ever Positive FCF Ex-Tencent
…LEADING TO OUR LARGEST EVER POSITIVE FCF EX-TENCENT FCF1 excluding Tencent dividend ($’M) 59 $0.9B Improvement (104) in 3y (290) (873) H1 FY23 H1 FY24 H1 FY25 H1 FY26 ¹ FCF (Free cash flow) is defined as aEBITDA less adjustments for non-cash items, SBC, working capital (excluding merchant cash), tax
Slide 34: Strong Balance Sheet, Improved by Growing Cash Flows
STRONG BALANCE SHEET, IMPROVED BY GROWING CASH FLOWS WE REMAIN COMMITTED TO GROWTH IN AN INVESTMENT GRADE RATING DIVIDENDS TO PROSUS Net cash1 of US$1.8B as at 30 September 2025 ($’B) Investment Grade 27% BBB (S&P) / Baa2 (Moody’s) YoY 1 395 7.0 7.5% LTV Based on gross debt2 158 1 100 99 4.1x OLX 16
Slide 35: We Will Continue to Invest with Discipline
WE WILL CONTINUE TO INVEST WITH DISCIPLINE… ORGANIC LEADING MINORITY INVEST & M&A ASSETS INVESTMENT …in to enhance the ecosystem to enhance existing business to build & expand the ecosystems to accelerate the ecosystem ourselves and our INVEST ecosystem in the future of Prosus through share SHARE RE
Slide 36: We Are Buying Back More Shares as a % of Market Cap Than Any Tech Company
WE ARE BUYING BACK MORE SHARES AS A % OF MARKET CAP THAN ANY TECH COMPANY GLOBALLY¹ Impact of all buybacks to date LARGEST BUYBACK OF ANY TECH COMPANY Revenue ($’M) & Revenue Growth (%)1 $42B Buybacks as a % of shares outstanding1 Capital returned² 30% 28% 28% 25% 23% 18p.p. 19% 17% Incremental NAV
Slide 37: We Are on Track to Hit Our Ambitious FY26 Targets
WE ARE ON TRACK TO HIT OUR AMBITIOUS FY26 TARGETS ECOMMERCE REVENUE ($)¹ ECOMMERCE aEBITDA ($)² 7.3 – 7.5B 1.1 - 1.2B 6.2B 5.5B 4.5B 689M 383M (89M) FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 ¹ Just Eat Takeaway (JET) will be included from H2 FY26., Prosus’ tender for JET was completed on the 16 Octobe
Slide 38: The Road Ahead
THE ROAD AHEAD 1 2 3 4 5 Delivering Increasing Strengthening Investing On track to growth & cash flow our balance in ourselves achieve profitability sheet and our ambitious ecosystems goals 38 38
Slide 39: Appendix
APPENDIX 01 H1 FY26 Group Consolidated Results 02 Results of Associates and JV’s 03 Debt metrics 04 Portfolio return 05 Group Portfolio & Glossary 39 39 39
Slide 40: H1 FY26 Financial Highlights
1. H1 FY26 Group Consolidated Results H1 FY26 FINANCIAL HIGHLIGHTS Strong revenue growth driven by iFood & OLX; ahead of peers. FINANCIAL SUMMARY H1 FY25 H2 FY25 H1 FY26 Ecommerce half-on-half aEBITDA margin improvement acceleration. CONSOLIDATED ECOMMERCE RESULTS FROM CONTINUING OPERATIONS ECOMMERC
Slide 41: Revenue Growth Converting into Improved Free Cash Flow
1. H1 FY26 Group Consolidated Results REVENUE GROWTH CONVERTING INTO IMPROVED FREE CASH FLOW STRONG IMPROVED IMPROVED IMPROVED FREE REVENUE GROWTH GROUP aEBITDA GROUP aEBIT CASH FLOW Consolidated Group 22% (14%) Consolidated Group $210M Consolidated Group $190M FCF3 ($’M) $399M Revenue ($’B) YoY1 aE
Slide 42: Strong Profitable Growth Within Our Ecosystems
1. H1 FY26 Group Consolidated Results STRONG PROFITABLE GROWTH WITHIN OUR ECOSYSTEMS LATAM EUROPE INDIA Revenue Growth1 H1 FY26 YoY +35% +13%2 +17% -3% +50% +17% 49% 23% 39% 17% 21% 13% 4.0% 8% 5% aEBITDA 2.6% Margin (6%) (0.3%) H1 FY25 H1 FY26 H1 FY25² H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY2
Slide 43: LatAm
1. H1 FY26 Group Consolidated Results LATAM 43 43 43
Slide 44: Core Strength, Strong Growth & Margin Uplift in New Verticals
1. H1 FY26 Group Consolidated Results CORE STRENGTH, STRONG GROWTH & MARGIN UPLIFT IN NEW VERTICALS CONSOLIDATED CORE FOOD OTHER2 DELIVERY 34% (35%) 23% (24%) 94% (96%) 33% (21%) 888 YoY YoY YoY YoY Revenue1,2 664 641 ($’M) 523 98 190 57 43 H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1
Slide 45: Despegar Successfully Consolidated from May 2025
1. H1 FY26 Group Consolidated Results DESPEGAR SUCCESSFULLY CONSOLIDATED FROM MAY 2025 REVENUE ($’M) aEBITDA ($’M) aEBIT ($’M) 13% 8% 18% (13%) margin margin YoY1 302 PROFITABILITY PRESSURED BY LIMITED PRICING 256 POWER AND A SHIFT TO LOWER MARGIN CATEGORIES. DESPEGAR WILL ADDRESS THIS BY: PRO-FORMA
Slide 46: Europe
1. H1 FY26 Group Consolidated Results EUROPE 46 46 46
Slide 47: Core Verticals Driving Strength in Growth and Margins to Rule of 70
1. H1 FY26 Group Consolidated Results CORE VERTICALS DRIVING STRENGTH IN GROWTH AND MARGINS TO RULE OF 70 OLX GROUP CORE VERTICALS2 OTHERS 473 22% (17%) 329 25% (20%) 15% (8%) 389 YoY 264 YoY YoY Revenue1 ($’M) 144 125 H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 177 aEBITDA 231 49% 122 54% 38% (
Slide 48: Profitability Improvement Despite Growth Pressured by Macro
1. H1 FY26 Group Consolidated Results PROFITABILITY IMPROVEMENT DESPITE GROWTH PRESSURED BY MACRO CONSOLIDATED eMAG ROMANIA SAMEDAY OTHER 0% (-3%) 1% (-4%) 27% (21%) -16% (-15%) YoY YoY YoY YoY Revenue1 ($’M) 1 131 1 130 715 719 270 226 146 185 H1 FY25 H1 FY26 7pp aEBITDA H1 FY25 H145 FY26 H1 FY25 H
Slide 49: Impressive Revenue Growth Despite Elevated Banking Costs
1. H1 FY26 Group Consolidated Results IMPRESSIVE REVENUE GROWTH DESPITE ELEVATED BANKING COSTS REVENUE ($’M) aEBITDA ($’M) aEBIT ($’M) 73% (50%) 5% 3% YoY1 margin margin 207 120 10 11 7 6 H1 FY25 H1 FY26² H1 FY25 H1 FY26² H1 FY25 H1 FY26² 1 Growth in brackets represents growth in local currency excl
Slide 50: India
1. H1 FY26 Group Consolidated Results INDIA 50 50 50
Slide 51: Strong Growth & Cost Optimization Improves Profitability
1. H1 FY26 Group Consolidated Results STRONG GROWTH & COST OPTIMIZATION IMPROVES PROFITABILITY CONSOLIDATED PAYU INDIA INDIA PAYMENTS2 INDIA CREDIT 20% (17%) 20% (16%) 17% (22%) 397 YoY YoY YoY 332 Revenue1 250 301 ($’M) 82 96 H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 6pp 2pp 17pp aEBITDA 2 Yo
Slide 52: Improved Core HE Powered by Ecommerce & Tencent
1. H1 FY26 Group Consolidated Results IMPROVED CORE HE POWERED BY ECOMMERCE & TENCENT INCREMENTAL CORE HE1 FROM CONTINUING OPERATIONS, YOY ($’M) 13% (18%) YoY² 272 88 4 000 186 3 542 (88) H1 FY25 Improved profit from Increased contribution Decreased losses from Other, predominantly H1 FY26 consolidat
Slide 53: Group Consolidated Results
1. H1 FY26 Group Consolidated Results GROUP CONSOLIDATED RESULTS REVENUE ADJUSTED EBITDA ADJUSTED EBIT YOY % H1 FY26 H1 FY26 $’M H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 GROWTH1 MARGIN MARGIN ECOMMERCE 2 963 3 623 22 (14%) 312 530 15% 203 400 11%. LATAM 674 1 190 34 (35%) 117 222 19% 98 189 1
Slide 54: Simplifying the New Consolidated Reporting Structure
1. H1 FY26 Group Consolidated Results SIMPLIFYING THE NEW CONSOLIDATED REPORTING STRUCTURE Group level, OLD REPORTING STRUCTURE¹ outside of Ecommerce Ecommerce Food Classifieds Payments Etail Edtech Ventures Corporate Delivery & Fintech & Other JET will be consolidated from October 2025, i.e. H2 Grou
Slide 55: Corporate Costs Flat Adjusting for Incremental AI Spend & Forex
1. H1 FY26 Group Consolidated Results CORPORATE COSTS FLAT ADJUSTING FOR INCREMENTAL AI SPEND & FOREX GROUP CORPORATE COST, aEBITDA LEVEL, YoY ($’M) Corporate costs Ventures & Other 107 99 8% 18 17 YoY increase 81 Incremental 81 AI Spend & FX Impact 9 H1 FY25 H1 FY26 We adopted a new segmental struc
Slide 56: Tencent Growth & Profitability Enhanced by AI Deployment
2. Results of Associates and JV’s TENCENT GROWTH & PROFITABILITY ENHANCED BY AI DEPLOYMENT TENCENT GROSS PROFIT (RMB’B) ¹ 22% 100 105 109 YoY 84 86 89 91 Focused on high quality growth businesses Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Operating margin2 improved to YoY 38% TENCENT OP
Slide 57: Improved Contributions from Tencent & DH Drove Profitability Higher
2. Results of Associates and JV’s IMPROVED CONTRIBUTIONS FROM TENCENT & DH DROVE PROFITABILITY HIGHER ASSOCIATES SHARE OF EQUITY ACCOUNTED RESULTS¹ ($’M) +22% 3 002 3 314 H1 FY25 YoY 2 863 H1 FY26 2 468 DH was reclassified to an asset at fair value through OCI after the decision to sell down our stak
Slide 58: Higher Contribution to Core by Associates & JVs Driven by Tencent
2. Results of Associates and JV’s HIGHER CONTRIBUTION TO CORE BY ASSOCIATES & JVS DRIVEN BY TENCENT ASSOCIATES’ CONTRIBUTION TO CORE HEADLINE EARNINGS¹,2 ($’B) +11% YoY H1 FY25 3 739 3 843 3 571 H1 FY26 3 378 DH was reclassified to an asset at fair value through OCI after the decision to sell down ou
Slide 59: Strong Debt Metrics with Long-Dated Bond Maturities
3. Debt Metrics STRONG DEBT METRICS WITH LONG-DATED BOND MATURITIES DEBT METRICS ($’M) BOND MATURITY PROFILE ($’B) LTM Sep 24 LTM Sep 25 CASH REMITTED TO/GENERATED AT PROSUS LEVEL: <2 years 2 - 5 years 6 - 10 years Over 20 years TENCENT DIVIDEND 1 001 1 237 OLX 166 249 iFOOD - 74 IYZICO - 4 INTEREST
Slide 60: Defined Capital Structure Guidelines Inform Our Decisions
3. Debt Metrics DEFINED CAPITAL STRUCTURE GUIDELINES INFORM OUR DECISIONS INVESTMENT GRADE RATING While our balance sheet allows significant flexibility to absorb short term fluctuations in any one of these metrics, we have outlined the rationale for our sustainable guidelines below: Prosus Interest
Slide 61: Group Portfolio Companies
5. Group Portfolio & Glossary GROUP PORTFOLIO COMPANIES LOCAL SA ASSETS 43% 100% 100% ECOMMERCE 23% LATAM EUROPEAN INDIAN VENTURE ECOSYSTEM ECOSYSTEM ECOSYSTEM & OTHER 96%1 99% 100% 25% 96% 38% 100% 100%2 100% 10%3 12% 100% Managed and 13% 12% controlled 50% 100%2 100% 70% entities 88% 15%3 23% 35%
Slide 62: Glossary Peer Groups
5. Group Portfolio & Glossary • Consolidated Results | Results of subsidiaries only, companies which the Group controls. • Free cash flow | aEBITDA less adjustments for non-cash items, SBC, specific non-operational working capital, taxation, capital expenditure, capital leases repaid and investment i
Slide 63: Thank You! We Are Just Getting Started!
THANK YOU! WE ARE JUST GETTING STARTED! 63
Slide 64: For Further Information
FOR FURTHER INFORMATION Visit our Website | www.prosus.com or www.naspers.com Email | InvestorRelations@prosus.com 64 64 64