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Investing.com -- Prosus (AS:PRX) on Monday said it expects earnings per share for the first half of fiscal 2026 to rise as much as 37%, driven by higher profitability across its businesses and gains related to Tencent.
For continuing operations, earnings per ordinary share N are projected to increase between 28.1% and 37.0%, compared with 191 US cents a year earlier.
The Netherlands-based technology group attributed the performance to “increased profitability in our consolidated and equity accounted results - primarily Tencent, and also the gain on the sale of Tencent shares related to the share repurchase programme.” It said that this gain is excluded from headline and core headline earnings per share.
Prosus reported that core headline earnings per ordinary share N for continuing operations are expected to rise between 20.1% and 28.5%. The figure excludes foreign-currency translation losses that remain part of headline earnings.
Headline earnings per share for continuing operations are set to increase between 6.5% and 15.9%, compared with 107 US cents in the prior period.
The group said the movements in the two measures were “driven by strong growth in revenue and profitability of our consolidated Ecommerce businesses and our equity-accounted investments, particularly Tencent.”
For total operations, Prosus forecasts earnings per ordinary share N to grow between 30.8% and 39.9%, following 187 US cents a year earlier.
Headline earnings per share are expected to rise between 7.5% and 17.0%, while core headline earnings per ordinary share N are projected to increase between 21.0% and 29.4%.
The company issued the statement in parallel with Naspers, its South African parent, to meet Johannesburg Stock Exchange rules requiring a trading notice when financial results are expected to differ by at least 20% from the previous comparable period.
Prosus said its financial results “almost completely account for Naspers’s results,” prompting the simultaneous release.
In an overview of operational performance, Prosus said it “delivered on its commitment to increase profitable growth in the first half of FY26, achieving strong financial and operational results.”
The group described its global footprint, noting that its “ecosystem model now serves approximately 2 billion consumers worldwide and spans across nearly 100 companies with complementary capabilities.”