Prosus Targets $5 Billion Buyback, More Acquisitions to Drive Growth

By Adria Calatayud

Tech investor Prosus plans $5 billion in buybacks over the coming year and continues to look for acquisitions, moving to deploy gains from its investment in China's Tencent Holdings in its own operations.

The Amsterdam-listed company--the biggest shareholder in Tencent and also owner of companies like food-delivery platforms Just Eat Takeaway.com and iFood--said Monday that it aims to continue to invest in its own operations to drive growth and profitability.

The company is seeking both outright acquisitions of assets with potential and purchases of minority stakes in companies, Prosus Chief Executive Fabricio Bloisi said.

To fund its investments, Prosus expects to offload more noncore assets in the year through March 2027, on top of sales of noncore holdings of $2 billion carried out in its last fiscal year.

The company posted a net profit of $11.64 billion for the year ended March 31, down from $12.37 billion a year earlier. The decline mainly reflected a reduction in the pace of sales of Tencent stock, it said.

Core headline earnings per share--one of its preferred profitability metrics--jumped 24% to $3.78, Prosus said. Revenue jumped to $9.705 billion from $6.17 billion.

The board declared a full-year dividend of 0.28 euros a share, up 40% on year.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

June 29, 2026 02:43 ET (06:43 GMT)