Slide 1: Detailed Financials
Detailed Financials For the six months ended 30 September 2025
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: Business update
Business update
Slide 4: H1 FY26 results highlights
H1 FY26 results highlights 15% revenue growth ahead of peers1 Ecommerce revenue 3 percentage points faster than its peer group Ecommerce EBITDA improved 57% YoY On track to deliver ambitious FY26 target Can you add the NPN watermark +24% Core HEPS growth here Driven by Ecommerce and Tencent, and enh
Slide 5: Strong revenue growth & stronger profit growth
Strong revenue growth & stronger profit growth Strong Revenue Growth Improved Group aEBITDA Improved Group aEBIT Improved Free Cash Flow Consolidated Group Revenue Consolidated Group aEBITDA Consolidated Group aEBIT FCF (US$’m) (US$’bn) (US$’m) (US$’m) $212m $188m $421m 14% Improvement Improvement I
Slide 6: Strong profitable growth in Prosus's ecosystems
Strong profitable growth in Prosus’s ecosystems India LatAm ecosystem Europe ecosystem ecosystem Revenue Growth1 H1 FY26 YoY +35% +13%2 +17% -3% +50% +17% 49% 23% 39% 8% aEBITDA 2.6% 4.0% 5% margin 17% 21% 13% 0.3% (6%) H1 FY25 H1 FY26 H1 FY25² H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26
Slide 7: Takealot: Strong position & growth boosts profit
Takealot: Strong position & growth boosts profit GMV (US$’m)1,2 Etail Food New initiatives 16% YoY 877 746 H1 FY25 H1 FY26 Takealot’s logistics arm, recently spun out as a stand alone aEBITDA (US$’m)2 segment, is underpinned by deals with large SA retailers, with 3% margin planned expansion into fur
Slide 8: Media24: Transitioning to digital first media group
Media24: Transitioning to digital first media group Revenue (US$’m)1 -44% (-38%) 81 60 45 H1 FY25 H2 FY25 H1 FY26 aEBITDA (US$’m) 0 (9) (10) South Africa’s leading Media Company H1 FY25 H2 FY25 H1 FY26 aEBIT (US$’m) Online News Paywall subscriptions (1) (14) (10) 211 321 Magazines News24 and Netwerk
Slide 9: We invest in South Africa's tech ecosystem
We invest in South Africa’s tech ecosystem Key investments Naspers’ corporate team manages our existing investments and evaluates new SA start-up investments Naked Insurance Naked is an artificial intelligence (AI)-driven insurtech company. The company concluded a Series B2 funding round of ~US$38m
Slide 10: We equip SA's youth with digital skills & create work opportunities
We equip SA’s youth with digital skills & create work opportunities Skills Development & Work Opportunities Training Achieved to date 7 191 6 241 FY26 Plan 1 000 850 Naspers Labs plays a crucial role in addressing youth FY26 forecast: 8 191 7 091 unemployment, through technology-driven training Cumu
Slide 11: Financial update
Financial update
Slide 12: Financial highlights: positive Group aEBIT
Financial highlights: positive Group aEBIT Financial Summary ▪ Prosus: revenue growth and strong operating leverage delivered improved H1 FY25 H2 FY25 H1 FY26 FCF Group results from continuing operations ▪ Takealot: strong competitive positioning Group revenue $3.4bn $3.7bn $4.1bn and robust growth
Slide 13: Naspers consolidated results
Naspers consolidated results Consolidated Segmental Results from continuing operations Revenue Adjusted EBITDA Adjusted EBIT YoY H1 FY26 H1 FY26 US$’m H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 % Growth1 Margin Margin Prosus Group 2 963 3 622 14% 213 423 12% 60 250 7% Takealot2 350 450 23% 16 2
Slide 14: Naspers balance sheet position
Naspers balance sheet position Current assets and liabilities (US$’m) Naspers net HoldCo debt as at FY25 H1 FY26 30 September 2025: US$1.9bn Current assets Inventory 321 371 Trade receivables 753 1 153 Other receivables and loans 1 463 1 606 Other investments1 - 1 856 11.4 Cash/short-term cash inves
Slide 15: Group portfolio
Group portfolio LOCAL SA ASSETS 43% 100% 100% SOCIAL & ECOMMERCE INTERNET PLATFORMS LATAM EUROPEAN INDIAN VENTURE ECOSYSTEM ECOSYSTEM ECOSYSTEM & OTHER 23% 96%1 99% 100% 25% 96% 38% 100% 100%2 100% 10%3 12% 100% Managed and controlled 50% 100%2 100% 13% 12% 70% entities 88% 15%3 23% 35% 42% 100% 11%
Slide 16: Glossary
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 income. Core HEPS: Core Hea
Slide 17: Contact us
Contact us Eoin Ryan Head of Investor Relations InvestorRelations@naspers.com https://www.naspers.com 17