1) Leadership & Strategy Overview
- Fabricio Bloisi, celebrating his first year as CEO, expressed excitement over the company's momentum and cultural transformation.
- The company achieved an adjusted EBIT of $443 million, exceeding the promised $400 million.
- A 100% increase in dividends was announced, reflecting confidence in future growth.
- Prosus aims to become the leading lifestyle e-commerce brand in Latin America, Europe, and India, leveraging synergies between its businesses.

2) Financial Performance & Segment Results
- Prosus reported a 21% revenue growth, significantly outpacing peers.
- Key segments showed strong performance:
- iFood's restaurant delivery business achieved a 28% adjusted EBIT margin with 50% revenue growth.
- OLX, the online classifieds business, grew its top line by 18% and profits by 61%.
- The corporate cost structure improved, with a 1% reduction over the past year, with plans for further reductions.

3) Operational Plans & Innovations
- The company is focusing on integrating AI to enhance operational efficiency and drive innovation.
- Plans to leverage the iFood and Despegar acquisition for cross-selling opportunities are underway, with several synergies already in testing.
- Prosus is committed to maintaining a culture of entrepreneurship and rapid execution, which is seen as crucial for future growth.

4) Challenges & Competitive Landscape
- The entry of Meituan into the Brazilian market poses a competitive challenge for iFood, prompting increased investment in the business.
- The company is cautious about international expansion, prioritizing efforts in Latin America, Europe, and India while exploring opportunities in other regions.
- Regulatory reviews, particularly concerning the Just Eat acquisition, are ongoing, but recent interactions with the EU have been positive.

5) Guidance & Future Outlook
- Prosus expects to generate over $800 million in EBIT for FY 2026, with a focus on continuing revenue growth of 15-20% across e-commerce businesses.
- The company is optimistic about achieving significant cash flow from its ecosystems, reducing reliance on Tencent dividends.
- Upcoming Capital Markets Day will provide further insights into strategic initiatives and financial projections.

Bottom line: Prosus is on a strong growth trajectory, driven by cultural transformation, operational efficiencies, and strategic acquisitions. The company is well-positioned to enhance shareholder value through increased profitability and cash flow generation in the coming years.