Prosus Group Economic Interest results1

US$'m 1H FY21 1H FY22 1H FY23 FY21 FY22 FY23

Continuing operations
Ecommerce
Revenue 2,222 3,240 4,231 5,188 7,573 9,091
% YoY growth US$ 42% 46% 31% 49% 46% 20%
% YoY growth LC, ex M&A 66% 37% 32% 61% 36% 27%
Adjusted EBITDA (167) (355) (697) (317) (921) (1,068)
% EBITDA margin (8%) (11%) (16%) (6%) (12%) (12%)
Trading Profit (224) (431) (804) (434) (1,099) (1,293)
% TP margin (10%) (13%) (19%) (8%) (15%) (14%)
Food Delivery
Revenue 610 1,261 1,911 1,486 2,992 4,203
% YoY growth US$ 99% 107% 52% 98% 101% 40%
% YoY growth LC, ex M&A 141% 86% 52% 127% 77% 44%
Adjusted EBITDA (168) (281) (333) (313) (651) (545)
% EBITDA margin (28%) (22%) (17%) (21%) (22%) (13%)
Trading Profit (189) (312) (381) (355) (724) (649)
% TP margin (31%) (25%) (20%) (24%) (24%) (15%)
Core Classifieds
Revenue 242 370 353 557 723 722
% YoY growth US$ (6%) 53% (5%) 6% 30% (0%)
% YoY growth LC, ex M&A 4% 27% 16% 8% 24% 15%
Adjusted EBITDA 29 62 49 27 64 88
% EBITDA margin 12% 17% 14% 5% 9% 12%
Trading Profit 19 49 35 4 37 60
% TP margin 8% 13% 10% 1% 5% 8%
Payments & Fintech
Revenue 252 359 480 577 796 1,052
% YoY growth US$ 27% 42% 34% 35% 38% 32%
% YoY growth LC, ex M&A 29% 44% 55% 36% 45% 51%
Adjusted EBITDA (27) (27) (93) (59) (52) (108)
% EBITDA margin (11%) (8%) (19%) (10%) (7%) (10%)
Trading Profit (31) (31) (97) (68) (60) (116)
% TP margin (12%) (9%) (20%) (12%) (8%) (11%)
Edtech
Revenue 51 120 334 115 425 545
% YoY growth US$ 82% 135% 178% 69% 270% 28%
% YoY growth LC, ex M&A 54% 51% 38% 56% 55% 18%
Adjusted EBITDA (11) (42) (167) (11) (100) (239)
% EBITDA margin (22%) (35%) (50%) (10%) (24%) (44%)
Trading Profit (13) (48) (178) (14) (117) (258)
% TP margin (25%) (40%) (53%) (12%) (28%) (47%)
Etail
Revenue 965 1,029 852 2,250 2,259 1,953
% YoY growth US$ 84% 7% (17%) 65% 0% (14%)
% YoY growth LC, ex M&A 70% 4% (4%) 54% 3% (4%)
Adjusted EBITDA 40 10 (14) 102 12 (10)
% EBITDA margin 4% 1% (2%) 5% 1% (1%)
Trading Profit 24 (11) (38) 68 (35) (63)
% TP margin 2% (1%) (4%) 3% (2%) (3%)
Other2
Revenue 102 101 301 203 378 616
% YoY growth US$ (13%) (1%) 198% (11%) 86% 63%
% YoY growth LC, ex M&A 29% 82% 117% 26% 141% 67%
Adjusted EBITDA (30) (77) (139) (63) (194) (254)
% EBITDA margin (29%) (76%) (46%) (31%) (51%) (41%)
Trading Profit (34) (78) (145) (69) (200) (267)
% TP margin (33%) (77%) (48%) (34%) (53%) (43%)

Social and internet platforms

Revenue 10,082 12,463 11,309 22,526 25,794 22,269
% YoY growth US$ 26% 24% (9%) 31% 15% (14%)
% YoY growth LC, ex M&A 28% 23% (1%) 28% 16% (1%)
Adjusted EBITDA 3,464 4,012 3,142 7,229 7,623 6,295
% EBITDA margin 34% 32% 28% 32% 30% 28%
Trading Profit 2,983 3,385 2,497 6,154 6,319 5,085
% TP margin 30% 27% 22% 27% 24% 23%
Associate Tencent
Revenue 9,912 12,250 11,309 22,155 25,261 22,269
% YoY growth US$ 27% 24% (8%) 32% 14% (12%)
% YoY growth LC, ex M&A 28% 23% (1%) 28% 16% (1%)
Adjusted EBITDA 3,426 3,969 3,142 7,151 7,502 6,295
% EBITDA margin 35% 32% 28% 32% 30% 28%
Trading Profit 2,968 3,373 2,497 6,126 6,273 5,085
% TP margin 30% 28% 22% 28% 25% 23%
Associate VK3
Revenue 170 213 - 371 533 -
% YoY growth US$ (22%) 25% - (10%) 44% -
% YoY growth LC, ex M&A 20% 28% - 21% 25% -
Adjusted EBITDA 38 43 - 78 121 -
% EBITDA margin 22% 20% - 21% 23% -
Trading Profit 15 12 - 28 46 -
% TP margin 9% 6% - 8% 9% -

Corporate
Revenue - - - - - -
Adjusted EBITDA (36) (75) (78) (104) (160) (166)
Trading Profit (40) (78) (81) (110) (167) (173)

Economic interest continuing operations ex OLX Autos

Revenue 12,304 15,703 15,540 27,714 33,367 31,360
% YoY growth US$ 28% 28% (1%) 34% 20% (6%)
% YoY growth LC, ex M&A 33% 25% 6% 33% 20% 6%
Adjusted EBITDA 3,261 3,582 2,367 6,808 6,542 5,061
% EBITDA margin 27% 23% 15% 25% 20% 16%
Trading Profit 2,719 2,876 1,612 5,610 5,053 3,619
% TP margin 22% 18% 10% 20% 15% 12%
Less: Equity-accounted investments
Revenue (10,517) (13,567) (13,286) (23,640) (28,748) (26,448)
Adjusted EBITDA (3,278) (3,767) (2,654) (6,901) (6,985) (5,528)
Trading Profit (2,770) (3,103) (1,949) (5,778) (5,590) (4,193)
Consolidated operations ex OLX Autos
Revenue 1,787 2,136 2,254 4,074 4,619 4,912
Adjusted EBITDA (17) (185) (287) (93) (443) (467)
Trading Profit (51) (227) (337) (168) (537) (574)

OLX Autos included in IFRS continuing operations4

Revenue 200 216 402 627 601 853
Adjusted EBITDA (56) (44) (101) (129) (101) (201)
Trading Profit (63) (47) (108) (142) (107) (216)
Consolidated continuing operations (IFRS)
Revenue 1,987 2,352 2,656 4,701 5,220 5,765
Adjusted EBITDA (73) (229) (388) (222) (544) (668)
Trading Profit (114) (274) (445) (310) (644) (790)

Discontinued operations5
Revenue 186 713 1,124 415 1,646 1,626
Adjusted EBITDA 84 124 137 169 133 46
Trading Profit 73 107 124 147 97 26
Total group consolidated
Revenue 2,173 3,065 3,780 5,116 6,866 7,391
Adjusted EBITDA 11 (105) (251) (53) (411) (622)
Trading Profit (41) (167) (321) (163) (547) (764)

Notes
1. Results reported on an economic interest basis, i.e. equity-accounted investments (Associates and JV’s) are proportionally consolidated within reportable segments.
2. Edtech became a segment from 1 April 2021 and is excluded from Other for all periods represented.
3. At the end of FY22 we discontinued equity accounting VK, as our directors resigned from the VK Board.
4. Reported IFRS continuing operations includes OLX Autos operations whose exit process has not been finalised as at 31 March 2023 and will be discontinued operations in FY24.
5. Avito and the OLX Autos operations the group has closed down or classified as held for sale is treated as a discontinued operation for 1H FY23 and prior year numbers have been adjusted.
Prosus Group Consolidated results1
US$'m 1H FY21 1H FY22 1H FY23 FY21 FY22 FY23
Continuing operations
Ecommerce
Revenue 1,787 2,136 2,254 4,074 4,619 4,912
% YoY growth US$ 55% 20% 6% 51% 13% 6%
% YoY growth LC, ex M&A 68% 18% 18% 61% 16% 16%
Adjusted EBITDA 19 (110) (209) 11 (283) (301)
% EBITDA margin 1% (5%) (9%) 0% (6%) (6%)
Trading Profit (11) (149) (256) (58) (370) (401)
% TP margin (1%) (7%) (11%) (1%) (8%) (8%)
Food Delivery
Revenue 323 464 663 737 991 1,371
% YoY growth US$ 150% 44% 43% 137% 34% 38%
% YoY growth LC, ex M&A 242% 38% 39% 208% 29% 35%
Adjusted EBITDA (20) (105) (64) (58) (209) (94)
% EBITDA margin (6%) (23%) (10%) (8%) (21%) (7%)
Trading Profit (22) (108) (70) (63) (216) (106)
% TP margin (7%) (23%) (11%) (9%) (22%) (8%)
Core Classifieds
Revenue 201 273 232 434 521 486
% YoY growth US$ (8%) 36% (15%) (3%) 20% (7%)
% YoY growth LC, ex M&A 5% 25% 13% 9% 22% 15%
Adjusted EBITDA 34 61 48 50 84 87
% EBITDA margin 17% 22% 21% 12% 16% 18%
Trading Profit 26 51 40 31 65 69
% TP margin 13% 19% 17% 7% 12% 14%
Payments & Fintech
Revenue 225 309 412 515 686 903
% YoY growth US$ 27% 37% 33% 33% 33% 32%
% YoY growth LC, ex M&A 25% 40% 57% 32% 41% 52%
Adjusted EBITDA (20) (24) (76) (46) (39) (77)
% EBITDA margin (9%) (8%) (18%) (9%) (6%) (9%)
Trading Profit (24) (27) (80) (55) (46) (83)
% TP margin (11%) (9%) (19%) (11%) (7%) (9%)
Edtech2
Revenue - 23 63 - 84 134
% YoY growth US$ - - 174% - - 60%
% YoY growth LC, ex M&A - - 30% - - 21%
Adjusted EBITDA (4) (14) (66) (10) (50) (122)
% EBITDA margin - (61%) (105%) - (60%) (91%)
Trading Profit (4) (15) (68) (10) (55) (131) -
% TP margin - (65%) (108%) - (65%) (98%)
Etail
Revenue 963 1,026 843 2,244 2,249 1,928
% YoY growth US$ 84% 7% (18%) 65% 0% (14%)
% YoY growth LC, ex M&A 70% 4% (4%) 54% 3% (4%)
Adjusted EBITDA 40 10 (13) 102 11 (9)
% EBITDA margin 4% 1% (2%) 5% 0% (0%)
Trading Profit 24 (11) (37) 68 (35) (61)
% TP margin 2% (1%) (4%) 3% (2%) (3%)
Other
Revenue 75 41 41 144 88 90
% YoY growth US$ (27%) (45%) 0% (34%) (39%) 2%
% YoY growth LC, ex M&A 22% 78% 58% 21% 97% 44%
Adjusted EBITDA (11) (38) (38) (27) (80) (86)
% EBITDA margin (15%) (93%) (93%) (19%) (91%) (96%)
Trading Profit (11) (39) (41) (29) (83) (89)
% TP margin (15%) (95%) (100%) (20%) (94%) (99%)

Corporate
Revenue - - - - - -
Adjusted EBITDA (36) (75) (78) (104) (160) (166)
Trading Profit (40) (78) (81) (110) (167) (173)

Consolidated operations ex OLX Autos

Revenue 1,787 2,136 2,254 4,074 4,619 4,912
Adjusted EBITDA (17) (185) (287) (93) (443) (467)
Trading Profit (51) (227) (337) (168) (537) (574)

OLX Autos included in IFRS continuing operations3

Revenue 200 216 402 627 601 853
Adjusted EBITDA (56) (44) (101) (129) (101) (201)
Trading Profit (63) (47) (108) (142) (107) (216)
Consolidated continuing operations (IFRS)
Revenue 1,987 2,352 2,656 4,701 5,220 5,765
Adjusted EBITDA (73) (229) (388) (222) (544) (668)
Trading Profit (114) (274) (445) (310) (644) (790)

Discontinued operations3
Revenue 186 713 1,124 415 1,646 1,626
Adjusted EBITDA 84 124 137 169 133 46
Trading Profit 73 107 124 147 97 26
Total group consolidated
Revenue 2,173 3,065 3,780 5,116 6,866 7,391
Adjusted EBITDA 11 (105) (251) (53) (411) (622)
Trading Profit (41) (167) (321) (163) (547) (764)

Notes
1. Results from owned and managed, consolidated businesses, i.e. excluding associates and JV’s.
2. Edtech became a segment from 1 April 2021 and is excluded from Other for all periods represented.
3. Reported IFRS continuing operations includes OLX Autos operations whose exit process has not been finalised as at 31 March 2023 and will be discontinued operations in FY24.
4. Avito and the OLX Autos operations the group has closed down or classified as held for sale is treated as a discontinued operation for 1H FY23 and prior year numbers have been adjusted.
Prosus Group Associates and Joint Ventures results1
US$'m 1H FY21 1H FY22 1H FY23 FY21 FY22 FY23
Ecommerce
Revenue 435 1,104 1,977 1,115 2,954 4,179
% YoY growth US$ (12%) 154% 79% 19% 165% 41%
% YoY growth LC, ex M&A 58% 114% 60% 62% 107% 46%
Adjusted EBITDA (186) (245) (488) (328) (638) (767)
% EBITDA margin (43%) (22%) (25%) (29%) (22%) (18%)
Trading Profit (213) (282) (548) (376) (729) (892)
% TP margin (49%) (26%) (28%) (34%) (25%) (21%)
Food Delivery
Revenue 287 797 1,248 749 2,001 2,832
% YoY growth US$ 62% 178% 57% 70% 167% 42%
% YoY growth LC, ex M&A 64% 141% 60% 68% 125% 49%
Adjusted EBITDA (148) (176) (269) (255) (442) (451)
% EBITDA margin (52%) (22%) (22%) (34%) (22%) (16%)
Trading Profit (167) (204) (311) (292) (508) (543)
% TP margin (58%) (26%) (25%) (39%) (25%) (19%)
Core Classifieds
Revenue 41 97 121 123 202 236
% YoY growth US$ (60%) 137% 25% (38%) 64% 17%
% YoY growth LC, ex M&A (5%) 39% 22% 0% 29% 15%
Adjusted EBITDA (5) 1 1 (23) (20) 1
% EBITDA margin (12%) 1% 1% (19%) (10%) 0%
Trading Profit (7) (2) (5) (27) (28) (9)
% TP margin (17%) (2%) (4%) (22%) (14%) (4%)
Payments & Fintech
Revenue 27 50 68 62 110 149
% YoY growth US$ 23% 85% 36% 48% 77% 35%
% YoY growth LC, ex M&A 79% 91% 45% 97% 80% 43%
Adjusted EBITDA (7) (3) (17) (13) (13) (31)
% EBITDA margin (26%) (6%) (25%) (21%) (12%) (21%)
Trading Profit (7) (4) (17) (13) (14) (33)
% TP margin (26%) (8%) (25%) (21%) (13%) (22%)
Edtech
Revenue 51 97 271 115 341 411
% YoY growth US$ 82% 90% 179% 69% 197% 21%
% YoY growth LC, ex M&A 54% 51% 40% 56% 55% 17%
Adjusted EBITDA (7) (28) (101) (1) (50) (117)
% EBITDA margin (14%) (29%) (37%) (1%) (15%) (28%)
Trading Profit (9) (33) (110) (4) (62) (127)
% TP margin (18%) (34%) (41%) (3%) (18%) (31%)
Etail
Revenue 2 3 9 6 10 25
% YoY growth US$ 0% 50% 200% 100% 67% 150%
% YoY growth LC, ex M&A 0% 100% 50% 67% 75% 11%
Adjusted EBITDA - - (1) - 1 (1)
% EBITDA margin 0% 0% (11%) 0% 10% (4%)
Trading Profit - - (1) - - (2)
% TP margin 0% 0% (11%) 0% 0% (8%)
Other2
Revenue 27 60 260 60 290 526
% YoY growth US$ 93% 122% 333% 50% 383% 81%
% YoY growth LC, ex M&A 71% 75% 131% 48% 169% 72%
Adjusted EBITDA (19) (39) (101) (36) (114) (168)
% EBITDA margin (70%) (65%) (39%) (60%) (39%) (32%)
Trading Profit (23) (39) (104) (40) (117) (178)
% TP margin (85%) (65%) (40%) (67%) (40%) (34%)

Social and internet platforms

Revenue 10,082 12,463 11,309 22,526 25,794 22,269
% YoY growth US$ 26% 24% (9%) 31% 15% (14%)
% YoY growth LC, ex M&A 28% 23% (1%) 28% 16% (1%)
Adjusted EBITDA 3,464 4,012 3,142 7,229 7,623 6,295
% EBITDA margin 34% 32% 28% 32% 30% 28%
Trading Profit 2,983 3,385 2,497 6,154 6,319 5,085
% TP margin 30% 27% 22% 27% 24% 23%
Associate Tencent
Revenue 9,912 12,250 11,309 22,155 25,261 22,269
% YoY growth US$ 27% 24% (8%) 32% 14% (12%)
% YoY growth LC, ex M&A 28% 23% (1%) 28% 16% (1%)
Adjusted EBITDA 3,426 3,969 3,142 7,151 7,502 6,295
% EBITDA margin 35% 32% 28% 32% 30% 28%
Trading Profit 2,968 3,373 2,497 6,126 6,273 5,085
% TP margin 30% 28% 22% 28% 25% 23%
Associate VK3
Revenue 170 213 - 371 533 -
% YoY growth US$ (22%) 25% - (10%) 44% -
% YoY growth LC, ex M&A 20% 28% - 21% 25% -
Adjusted EBITDA 38 43 - 78 121 -
% EBITDA margin 22% 20% - 21% 23% -
Trading Profit 15 12 - 28 46 -
% TP margin 9% 6% - 8% 9% -

Total associate and JV contribution

Revenue 10,517 13,567 13,286 23,641 28,748 26,448
% YoY growth US$ 24% 29% (2%) 30% 22% (8%)
% YoY growth LC, ex M&A 29% 27% 4% 29% 21% 4%
Adjusted EBITDA 3,278 3,767 2,654 6,901 6,985 5,528
% EBITDA margin 31% 28% 20% 29% 24% 21%
Trading Profit 2,770 3,103 1,949 5,778 5,590 4,193
% TP margin 26% 23% 15% 24% 19% 16%

Notes
1. 1 Results from equity-accounted investments (Associates and JV’s), where we have proportionally included our share of there revenues, adjusted EBITDA and trading profit.
2. Edtech became a segment from 1 April 2021 and is excluded from Other for all periods represented.
3. At the end of FY22 we discontinued equity accounting VK, as our directors resigned from the VK Board.
Food Delivery
US$'m 1H FY21 1H FY22 1H FY23 FY21 FY22
Continuing operations
Consolidated1 Prosus Food Delivery
Revenue 323 464 663 737 991
% YoY growth US$ 150% 44% 43% 137% 34%
% YoY growth LC, ex M&A 242% 38% 39% 208% 29%
Trading Profit (22) (108) (70) (63) (216)
% TP margin (7%) (23%) (11%) (9%) (22%)

Subsidiary2 iFood
Orders ('m)3 250 361 403 553 758
% YoY growth 116% 43% 12% 100% 37%
% 1P orders 35% 36% 36% 35% 35%
GMV3 2,232 3,531 4,501 5,015 7,383
% YoY growth US$ 82% 58% 27% 92% 47%
% YoY growth fx neutral, ex M&A 156% 50% 22% 148% 41%
Merchants (Brazil) 237,988 294,257 323,344 272,380 317,418
Delivery partners (Brazil) 138,846 182,969 236,481 209,151 232,418
Cities (Brazil) 1,137 1,385 1,543 1,258 1,780
Revenue 323 464 663 736 991
% YoY growth US$ 145% 44% 43% 134% 35%
% YoY growth LC, ex M&A 234% 38% 39% 205% 29%
Trading Profit (17) (100) (59) (43) (206)
% TP margin (5%) (22%) (9%) (6%) (21%)
iFood core Food Delivery
Orders ('m)3 - 343 357 540 705
% YoY growth - - 4% - 31%
GMV3 - 3,185 3,787 4,812 6,514
% YoY growth US$ - - 19% - 35%
% YoY growth LC, ex M&A - - 13% - 30%
% of total GMV - 90% 84% 96% 88%
Revenue - 458 606 728 967
% YoY growth US$ - - 32% - 33%
% YoY growth LC, ex M&A - - 29% - 28%
Trading Profit - (6) 45 1 (13)
% TP margin - - 7% 0% (1%)
iFood New initiatives4
Orders ('m)3 - 18 46 13 53
% YoY growth - - 152% - 308%
GMV3 - 346 715 203 869
% YoY growth US$ - - 106% - 328%
% YoY growth LC, ex M&A - - 102% - 291%
% of total GMV - 10% 16% 4% 12%
Revenue - 6 57 8 24
% YoY growth US$ - - 850% - 200%
% YoY growth LC, ex M&A - - 833% - 150%
Trading Profit5 - (94) (104) (44) (193)
% TP margin - (1567%) (182%) (550%) (804%)

Associate Delivery Hero (DH)

GMV (€'m)3,6 9,055 17,344 21,811 21,806 37,975
% YoY growth € 64% 92% 26% 72% 74%
Revenue (US$'m, proportionate share) 234 703 1,049 615 1,755
% YoY growth US$ 86% 200% 49% 102% 185%
% YoY growth LC, ex M&A 87% 157% 54% 99% 137%
Trading Profit (US$'m, proportionate share) (100) (160) (152) (195) (343)
% TP margin (43%) (23%) (14%) (32%) (20%)
DH Integrated Verticals
GMV (€'m)3,6 - 457 883 371 1,135
% YoY growth € - - 93% - 206%
% of total GMV - 3% 4% 2% 3%
Associate Swiggy
Order3,7 % YoY growth (21%) 31% 52% (33%) 55%
GMV3,7 % YoY growth US$ (23%) 62% 61% (25%) 75%
GMV3,7 % YoY growth fx neutral (20%) 63% 73% (22%) 76%
Enabled restaurants 148,824 156,189 262,600 132,503 196,571
Delivery partners 89,460 192,408 298,843 158,010 291,078
Cities 498 482 562 484 549
Revenue (proportionate share) 54 87 150 135 212
% YoY growth US$ 13% 61% 72% 2% 57%
% YoY growth LC, ex M&A 17% 62% 118% 3% 68%
Trading Profit (proportionate share) - (34) (105) (88) (100)
% TP margin - (39%) (70%) (65%) (47%)

Economic interest8 Prosus Food Delivery

GMV3 - 23,784 27,108 31,846 50,965
% YoY growth US$ 51% 80% 14% 64% 60%
% YoY growth LC, ex M&A 69% 73% 26% 70% 59%
Revenue 610 1,261 1,911 1,486 2,992
% YoY growth US$ 99% 107% 52% 98% 101%
% YoY growth LC, ex M&A 141% 86% 52% 127% 77%
Trading Profit (189) (312) (381) (355) (724)
% TP margin (31%) (25%) (20%) (24%) (24%)
Prosus core Food Delivery
GMV3 - 22,784 24,814 31,092 48,310
% YoY growth US$ - - 9% - 55%
% YoY growth LC, ex M&A - - 22% - 56%
% of total GMV - 96% 92% 98% 95%
Prosus New initiatives3
GMV3 - 1,000 2,294 754 2,655
% YoY growth US$ - - 129% - 252%
% YoY growth LC, ex M&A - - 110% - 208%
% of total GMV - 4% 8% 2% 5%

Notes
1. Results from owned and managed, consolidated businesses, i.e. excluding associates and JV’s.
2. iFood Brazil is a subsidiary. iFood Colombia, which was a joint-venture with Delivery Hero, has been closed down and excluded from 1H FY23 and FY23 GMV and orders but still included in the prior periods.
3. Orders and GMV are 100% for all companies. Investee companies’ KPIs are aligned with 3-month reporting lag period (January – December).
Growth in 1H FY21 and FY21 are based on metrics excluding Woowa Group.
4. New initiatives includes grocery, meal vouchers and other initiatives.
DH’s Integrated Verticals (Dmarts and DH kitchens) are included in Prosus New initiatives
Swiggy's Instamart and other initiatives are included in Prosus New Initiatives.
5. New initiatives' trading losses includes iFood corporate costs.
6. As reported by Delivery Hero (DH) on a three-month lag basis. DH’s metrics for 1H FY21, FY21 and 1H FY22 include Woowa Group, and 1H FY22, FY22, 1H FY23 and FY23 include Glovo on a pro-forma basis.
7. GMV: Completed order value plus delivery fees. Orders: Completed orders from all delivery businesses.
8. Results reported on an economic interest basis, i.e. equity-accounted investments (Associates and JV’s) are proportionally consolidated within reportable segments.
Classifieds
US$'m 1H FY21 1H FY22 1H FY23 FY21 FY22
Continuing operations2
Consolidated1 Prosus Core Classifieds
Revenue 201 273 232 434 521
% YoY growth US$ (8%) 36% (15%) (3%) 20%
% YoY growth LC, ex M&A 5% 25% 13% 9% 22%
Trading Profit4 26 51 40 31 65
% TP margin 13% 19% 17% 7% 12%

Top markets
OLX Europe (US$'m)
App MAU % YoY growth3 11% 6% 2% 10% 6%
Paying listers % YoY growth3 6% 15% (3%) 12% 4%
Revenue 156 218 210 341 432
Europe % YoY growth US$ (0%) 40% (4%) 10% 27%
% YoY growth LC, ex M&A (3%) 30% 14% 9% 24%
% YoY growth LC, ex M&A (excl. Ukraine) 0% 31% 22% 9% 26%
Trading Profit4 64 54 38 103 71
% TP margin 41% 25% 18% 30% 16%
% TP margin (excl. Ukraine) 43% 25% 23% 31% 17%
Joint venture (equity accounted) OLX Brasil (BRL'm)
App MAU % YoY growth3 21% -5% -8% 19% -7%
Paying listers % YoY growth3 -26% 60% 2% -12% 50%
Revenue (proportionate share)5 84 193 221 242 399
% YoY growth LC, ex M&A (5%) 40% 15% 2% 27%
Trading Profit (proportionate share)5 17 44 26 (8) 24
% TP margin 20% 23% 12% (3%) 6%

Economic interest6 Prosus Core Classifieds2

App MAU ('m)3 44 45 44 45 44
% YoY growth 21% 1% (2%) 21% (1%)
Paying listers ('m)3 1.6 1.9 1.8 1.7 1.8
% YoY growth 3% 17% (2%) 12% 8%
Active listings ('m)3 67 71 72 69 73
% YoY growth - 5% 1% - 6%
Revenue 242 370 353 557 723
% YoY growth US$ (6%) 53% (5%) 6% 30%
% YoY growth LC, ex M&A 4% 27% 16% 8% 24%
Trading Profit4 19 49 35 4 37
% TP margin 8% 13% 10% 1% 5%

Notes
1. Results from owned and managed, consolidated businesses, i.e. excluding associates and JV’s.
2. The resutls reflect future continuing operations, i.e. excluding Avito and all OLX Autos businessess.
3. Operational metric data reflects 100% of controlled entities and equity-accounted investments (excluding OfferUp and EMPG). Numbers have been adjusted to reflect like-for-like
due to changes in the markets within our portfolio.
4. Trading profit in all comparative periods has been adjusted to reflect like-for-like continuing intra-segmental corporate cost-allocation following the exit from OLX Autos.
5. Grupo ZAP was consolidated from October 2020 - FY21 includes six months of revenue and trading profit while FY22 includes 12 months.
6. Results reported on an economic interest basis, i.e. equity-accounted investments (Associates and JV’s) are proportionally consolidated within reportable segments.
Payments & Fintech
US$'m 1H FY21 1H FY22 1H FY23 FY21 FY22
Continuing operations
Consolidated 1
Prosus Payments & Fintech
Revenue 225 309 412 515 686
% YoY growth US$ 27% 37% 33% 33% 33%
% YoY growth LC, ex M&A 25% 40% 57% 32% 41%
Trading Profit (24) (27) (80) (55) (46)
% TP margin (11%) (9%) (19%) (11%) (7%)

Core PSP2
TPV (US$'bn) 24 35 46 55 78
% YoY growth US$ 34% 49% 32% 45% 43%
% YoY growth LC, ex M&A 37% 48% 49% 46% 47%
# transactions ('m)3 739 1,075 1,256 1,658 2,257
% YoY growth 33% 45% 17% 38% 36%
% YoY growth, ex M&A 25% 45% 17% 32% 36%
Revenue4 218 294 363 499 643
% YoY growth US$ 29% 35% 23% 34% 29%
% YoY growth LC, ex M&A 27% 37% 47% 32% 37%
Trading Profit 3 9 (25) 10 28
Margin 1% 3% (7%) 2% 4%
Margin excluding one-off loss provision5 - - (2%) - -
India Payments & Fintech
TPV (US$'bn) 11 19 28 27 44
% YoY growth US$ 16% 72% 48% 37% 65%
% YoY growth LC, ex M&A 24% 70% 59% 42% 66%
# transactions ('m)3 355 543 667 792 1,146
% YoY growth 17% 53% 23% 27% 45%
% YoY growth, ex M&A 17% 53% 23% 27% 45%
Revenue4 - 133 183 206 304
% YoY growth US$ 2% 56% 38% 18% 48%
% YoY growth LC, ex M&A 5% 55% 48% 20% 49%
Trading Profit - - - - 6
Margin - - - - 2%
GPO
TPV (US$'bn) 13 16 18 28 35
% YoY growth US$ 55% 28% 12% 54% 22%
% YoY growth LC, ex M&A 51% 29% 38% 51% 30%
# transactions ('m) 384 532 589 865 1,112
% YoY growth 54% 39% 11% 51% 28%
% YoY growth, ex M&A 34% 39% 11% 37% 28%
Revenue4 - 163 181 294 341
% YoY growth US$ 55% 21% 11% 49% 16%
% YoY growth LC, ex M&A 47% 25% 45% 45% 29%
Trading Profit - - - - 22
Margin - - - - 6%
Margin excluding one-off loss provision5 - - - - -
India Credit6
Loan book at end of period 82 75 203 65 121
% YoY growth - (8%) 169% - 86%
Issuance volume 36 175 385 134 506
% YoY growth - 382% 120% - 277%
Customers ('m) - - 3.9 - 3.1
Loss rate7 - - 3.1% - 3.1%
Revenue - 8 35 9 28
% YoY growth US$ - - 338% - 211%
% YoY growth LC, ex M&A - - 363% - 222%
Associate Remitly8
Send volumes ('bn) - 9 13 12 20
% YoY growth - - 41% - 70%
Customers ('m) - 2.4 3.4 1.9 2.8
% YoY growth - 43% - 50%
Revenue (US$'m, proportionate share) - 49 67 57 109
% YoY growth US$ - - 37% - 91%
% YoY growth LC, ex M&A - - 46% - 79%
Trading Profit (US$'m, proportionate share) - (2) (14) - (9)
% TP margin - (4%) (21%) - (8%)

Economic interest9 Prosus Payments & Fintech

Revenue 252 359 480 577 796
% YoY growth US$ 27% 42% 34% 35% 38%
% YoY growth LC, ex M&A 29% 44% 55% 36% 45%
Trading Profit (31) (31) (97) (68) (60)
% TP margin (12%) (9%) (20%) (12%) (8%)

Notes
1. Results from owned and managed, consolidated businesses, i.e. excluding associates and JV’s.
2. Core PSP is made up of India payments and GPO (Global Payments Organisation relates to PayU's operations outside of India).
3. Transactions exclude Wibmo.
4. PayU reports gross revenue, i.e. before adjustments for costs incurred from financial institutions, for its PSP business.
5. One-off loss provision relates to merchants in Brazil and in the travel industry.
6. PayU stopped its digital bank offering (Lazycard) in response to regulations. As a result, the India credit metrics have been adjusted to exclude Lazycard. Lazycard contributed revenue of
$1m, $6m and $10m to FY22, 1H23 and FY23.
7. FY22 loss rate adjusted to audited number (2.8% previously disclosed was unaudited).
8. Operational metrics are shown at 100% for all companies. Investee companies’ operational and financial KPIs (Remitly disclosed here) are aligned with 3-month reporting lag period.
9. Results reported on an economic interest basis, i.e. equity-accounted investments (Associates and JV’s) are proportionally consolidated within reportable segments.
Edtech
US$'m 1H FY21 1H FY22 1H FY23 FY21 FY22 FY23
Continuing operations
Consolidated1 Prosus Edtech
Revenue - 23 63 - 84 134
% YoY growth US$ - - 174% - - 60%
% YoY growth LC, ex M&A - - 30% - - 21%
Trading Profit (4) (15) (68) (10) (55) (131)
% TP margin - (65%) (108%) - (65%) (98%)

Subsidiary Stack Overflow2

Page views ('m)3 - 732 654 - 731 682
% YoY growth - - (11%) - - (7%)
Bookings (Total Business) - 17 55 - 65 115
% YoY growth US$ - - 225% - - 76%
% YoY growth LC, ex M&A4 - - - - - 37%
ARR5 (Teams business) - 30 50 - 42 55
% YoY growth - - 67% - - 31%
NDRR6 (Teams business) - 112% 116% - 115% 98%
Total Paying Teams - 1,220 1,262 - 1,270 956
Revenue - 12 45 - 54 94
% YoY growth US$ - - 275% - - 74%
% YoY growth LC, ex M&A - - 33% - - 20%
Trading Profit - (9) (42) - (34) (84)
% TP margin - (75%) (93%) - (63%) (89%)
Subsidiary GoodHabitz7
ARR5 - 37 38 - 40 48
% YoY growth - - 5% - - 19%
Enterprise Customers - 1,910 2,447 - 2,257 2,656
Revenue - 11 18 - 29 40
% YoY growth US$ - - 64% - - 38%
% YoY growth LC, ex M&A - - 27% - - 24%
Trading Profit - (1) (11) - (6) (16)
% TP margin - (9%) (61%) - (21%) (40%)
Associate Skillsoft8,9
Bookings10 - - 240 588 647 607
% YoY growth - - - - 10% (6%)
NDRR6,10 - - 98% 93% 97% 100%
Revenue (proportionate share) - - 118 - 119 222
% YoY growth US$ - - - - - 87%
% YoY growth LC, ex M&A - - - - - (10%)
Trading Profit (proportionate share) - - 10 - 11 22
% TP margin - - 8% - 9% 10%

Economic interest13 Prosus Edtech

Revenue12 51 120 334 115 425 545
% YoY growth US$ 82% 135% 178% 69% 270% 28%
% YoY growth LC, ex M&A 54% 51% 38% 56% 55% 18%
Trading Profit12 (13) (48) (178) (14) (117) (258)
% TP margin (25%) (40%) (53%) (12%) (28%) (47%)

Notes
1. Results from owned and managed, consolidated businesses, i.e. excluding associates and JV’s. Edtech became a segment from 1 April 2021.
2. Stack Overflow was included for 8 (2) months in FY22 (1H FY22). Operating metrics, revenue and trading profit reflect these inclusion periods.
3. Average monthly page views includes Stackoverflow.com and the tech-focused Stack Exchange sites.
We stopped monthly unique visitors disclosure due to a change to Google Analytics' privacy settings which caused unreliability in MUV tracking. Page views have been introduced as a replacement traffic metric.
4. Pro forma bookings growth for the FY, excluding the legacy Talent business.
5. ARR (annualized recurring revenue) represents annualized value of all subscription contracts at the end of the reporting period.
6. NDRR (net dollar retention rate) represents total ARR at the end of the period divided by the total ARR at the beginning of period for active customers at the beginning of the period.
7. GoodHabitz was included for 10 (4) months in FY22 (1H FY22). Operating metrics, revenue and trading profit reflect these inclusion periods.
8. Skillsoft was included for 6 months in FY22. Revenue and trading profit reflect these inclusion periods while operating metrics reflect the full period.
9. Operational metrics are shown at 100% for all companies. Investee companies’ operational and financial KPIs (Skillsoft disclosed here) are aligned with 3-month reporting lag period.
10 Skillsoft's bookings are pro-forma for Global Knowledge and Codeacademy, and exclude SumTotal.
11. Relates to Skillsoft’s Content platform.
12. Results include one-off adjustments related to associates: prior year accounting adjustments related to BYJU's (Revenue -$18m, TP -$61m) and lag period adjustments (Revenue +$62m, TP -$1m)
as Prosus discontinued equity accounting BYJU's and Udemy from September 2022 based on not having significant influence anymore.
13. Results reported on an economic interest basis, i.e. equity-accounted investments (Associates and JV’s) are proportionally consolidated within reportable segments.
Etail
US$'m 1H FY21 1H FY22 1H FY23 FY21 FY22
Continuing operations
Consolidated 1
Prosus Etail
Revenue 963 1,026 843 2,244 2,249
% YoY growth US$ 84% 7% (18%) 65% 0%
% YoY growth LC, ex M&A 70% 4% (4%) 54% 3%
Trading Profit 24 (11) (37) 68 (35)
% TP margin 2% (1%) (4%) 3% (2%)
eMAG Group ecommerce GMV 1,160 1,233 1,032 2,675 2,697
% YoY growth US$ 75% 6% (16%) 61% 1%
% YoY growth LC, ex M&A 62% 4% (3%) 52% 3%
eMAG Genius subscribers ('000) - 197 395 120 335
% YoY growth - - 101% - 174%
Tazz Order % YoY growth, organic - 497% 47% 872% 333%
Tazz GMV % YoY growth LC, ex M&A - 563% 59% 923% 335%

Economic interest2 Prosus Etail

Revenue 965 1,029 852 2,250 2,259
% YoY growth US$ 84% 7% (17%) 65% 0%
% YoY growth LC, ex M&A 70% 4% (4%) 54% 3%
Trading Profit 24 (11) (38) 68 (35)
% TP margin 2% (1%) (4%) 3% (2%)

Consolidated1 Naspers Etail3

Revenue 238 388 383 606 827
% YoY growth US$ 41% 63% (1%) 55% 36%
% YoY growth LC, ex M&A 66% 36% 13% 65% 27%
Trading Profit (6) (2) (13) (7) (7)
% TP margin (3%) (0%) (3%) (1%) (1%)
Takealot Group GMV 407 702 700 1,022 1,493
% YoY growth US$ 56% 72% (0%) 69% 46%
% YoY growth LC, ex M&A 85% 44% 15% 84% 34%
Takealot.com GMV % YoY growth LC, ex M&A 88% 32% 15% 80% 27%
Superbalist GMV % YoY growth LC, ex M&A 37% 47% 15% 45% 42%
Mr.D Order % YoY growth 90% 88% 9% 107% 51%
Mr.D GMV % YoY growth LC, ex M&A 101% 78% 13% 117% 51%

Notes
1. Results from owned and managed, consolidated businesses, i.e. excluding associates and JV’s.
2. Results reported on an economic interest basis, i.e. equity-accounted investments (Associates and JV’s) are proportionally consolidated within reportable segments.
3. Naspers Etail includes Prosus Etail and Takealot, although the KPIs under Naspers are only for Takealot.
Free cash flow
US$'m FY22 FY23
Free cash flow1
Adjusted EBITDA2 (634) (819)
Non-cash items 229 380
Working capital (308) (172)
Transaction cost (43) (29)
Cash generated from operations (756) (640)
Capital expenditure and capital leases repaid (264) (270)
Taxation (128) (72)
Investment income received 571 572
Free cash flow (577) (410)
OLX Autos 333 380
Free cash flow excluding OLX Autos (244) (30)

Notes
1. FCF defined as adjusted EBITDA less adjustments for non-cash items, working capital, taxation, capital expenditure,
capital leases repaid and investment income. Cash flows relating to the groups credit business were reclassified from
financing to operating activities. Accordingly, free cash flow in the prior period has been adjusted for this change.
2. Adjusted EBITDA including all of OLX Autos and excluding Avito.
Contribution by Associates & Joint Ventures
US$'m Share of equity Other Core HE
accounted results adjustments contribution
FY23
Tencent1 6,994 (2,668) 4,326 Further detail on Tencent's contribution
Delivery Hero1 (877) 503 (374)
Skillsoft (33) 48 15
Remitly (25) (2) (27)
SimilarWeb (16) 3 (13)
Other (869) 235 (634)
Total 5,174 (1,881) 3,293

Notes
1. Average FX conversion rates: Tencent - US$/RMB 6.40 (6.88); Delivery Hero – US$/€0.96 (0.86). Once-off gains relate primarily to
business combination-related gains/losses recognised by associates and joint ventures.
Contribution by Tencent to EPS, HEPS & Core HE
US$'m FY22 FY23

Tencent's net profit at Prosus's share1 9,863 6,994

Impairments 1,476 1,619
Gains on acquisitions and disposals (6,065) (5,861)
Contribution to HEPS 5,274 2,752
Amortisation of intangibles 493 438
Fair value adjustments (1,687) (130)
Equity-settled share-based payments 1,333 1,266
Contribution to core HE 5,413 4,326
Excluding FX and reduced ownership impact

Notes
1. Prosus’s share of Tencent’s profit includes material gains and losses during the 3 month lag period as required by IFRS.
 Delta %

(2,869) -29%
143
204
(2,522) -48%
(55)
1,557
(67)
(1,087) -20%
-11%

period as required by IFRS.

Reconciliation from Tencent's AFS to Core HE
FY22
Tencent: Dec'21
(RMB'm)1

Tencent annual
report 2022, p25
Tencent profit attributable to equity holders 224,822
Adjustments to get to Prosus's core HE (103,275)
Impairment of investments 25,534
Equity-settled share-based payments 30,070
Fair value adjustments and gains & losses on
(166,661)
acquisitions and disposals
Amortisation charges 10,848
Income tax effects2 (3,066)
Tencent's contribution to Prosus's core HE

Notes
3-month lag adjustments for Tencent are excluded from the above reconciliation as they do not impact core headline earnings. Prosus’s share o
due to these exclusions.
1. 100% of Tencent Holdings Limited’s results.
2. Tencent discloses tax separately. The Group includes the tax effects in each line item and discloses a net number only.
 FY22 FY23
Prosus's share Tencent: Dec'22 Prosus's share
(US$'m) (RMB'm)1 (US$'m)

Tencent annual
report 2022, p25
10,155 188,243 7,376
(4,742) (80,482) (3,050)
1,157 46,326 1,867
1,333 32,651 1,266
(7,724) (164,840) (6,621)
492 10,880 438
- (5,499) -
5,413 4,326

do not impact core headline earnings. Prosus’s share of Tencent’s profit differs from the IFRS reported number

m and discloses a net number only.