Prosus Hits Targets, Plans to Accelerate Investments in iFood

Prosus, the technology investor and significant shareholder in Tencent, said it has met or is on track to meet its financial targets and will accelerate investments in iFood following stronger-than-expected performance at the food-delivery unit. The group pointed to improved e‑commerce profitability and higher free cash flow as enabling factors for increased capital deployment.

Company filings and investor presentations show iFood delivered material top-line expansion and margin improvement: FY2025 disclosures reported a double‑digit rise in gross merchandise value and notable increases in orders and revenue, while adjusted EBIT/EBITDA for iFood rose substantially year-on-year. HY2026 materials similarly highlighted continued momentum in iFood’s core delivery business and growth in fintech and loyalty programs that are lifting unit economics.

The financial impact for Prosus is twofold: first, stronger operating profits from consolidated e‑commerce businesses improve group adjusted EBITDA and free cash flow; second, a healthier balance sheet gives management flexibility to fund ecosystem expansion, including targeted investments in iFood, alongside shareholder returns such as buybacks and a higher dividend. These points are reflected in Prosus’ FY2025 and HY2026 releases.

Strategically, Prosus is shifting from a pure holding model toward operating leading lifestyle e‑commerce ecosystems across Latin America, India and Europe, using acquisitions and AI-enabled product development to deepen customer engagement. The company cited acquisitions like Despegar and actions to integrate services into iFood’s Clube loyalty and payments stack as examples of ecosystem synergies.

Looking ahead, management commentary and the published results suggest that capital allocation will prioritize scaling regional platforms with proven unit economics. Key metrics for investors to watch are iFood’s adjusted EBIT/EBITDA trajectory, group free cash flow generation and the pace of announced investments or acquisitions that further integrate services within the Prosus ecosystem.