Prosus (PRX) Investor presentation summary

Ecosystem strategy and scale

• Serving 1 billion customers across Latin America, India, and Europe, with 5 million partners in delivery, finance, and experiences.

• Ecosystem net asset value estimated at $150B as of June 2026, with a focus on unlocking the next $100B of value.

• The ecosystem is powered by AI-driven lifestyle assistants and a connected platform model, enabling cross-category engagement.

• Expansion beyond food delivery into travel, payments, classifieds, pharmacy, fintech, and more, targeting a $100B+ TAM in LatAm alone.

• Replicating the LatAm ecosystem model in India and Europe, leveraging local champions and digital platforms.

Financial performance and growth

• Ecosystem revenue reached $9.7B in FY26, with aEBITDA of $1.3B and group free cash flow of $1.5B.

• New businesses now contribute over 50% of revenue and are profitable, with >$180M aEBITDA in FY26.

• Revenue growth outside food delivery exceeds 40%, driven by fintech, groceries, pharmacy, and other categories.

• iFood scaled from 1M to 175M orders/month between 2013 and 2026, achieving breakeven and ecosystem status.

• Just Eat Takeaway.com reported FY26 revenue of $3.9B, aEBITDA of $185M, and 592M orders.

Market opportunity and category expansion

• LatAm ecosystem TAM is ~$100B, with food delivery at $8B and other categories (travel, payments, classifieds, pharmacy, fintech, ads, events) exceeding 10x food delivery.

• Key categories in Brazil remain underpenetrated compared to China, with 2-4x growth potential in online grocery, pharmacy, restaurant SaaS, and merchant credit.

• Groceries, pharmacy, and fintech are compounding at scale, with 50-115% CAGR FY24-FY26 in key segments.

• AI-fueled advertising and retail media are scaling rapidly, with ad revenue growing 106% YoY and reaching 1.7% of GMV.

• Cross-sell and multi-category engagement are driving higher retention, frequency, and value per user.