Naspers Share Price (JSE NPN) Rebounds Off Support While Expanding African Tech Initiatives
Naspers’ stock pulled back from record highs last week, but strong fundamentals and fresh initiatives like the Tech FoundHER Africa Challeng
Quick overview
- Naspers' stock has surged over 63% in 2025, reaching a record peak before a recent pullback due to profit-taking.
- The company launched the Tech FoundHER Africa Challenge to empower women-led tech startups, addressing a significant gender funding gap in venture capital.
- Naspers reported a 20% year-over-year revenue growth for FY2025, driven by its e-commerce portfolio and improved profitability.
- Despite recent stock fluctuations, strong fundamentals and strategic initiatives indicate a positive long-term outlook for Naspers.
Naspers’ stock pulled back from record highs last week, but strong fundamentals and fresh initiatives like the Tech FoundHER Africa Challenge continue to reinforce the company’s growth story.
Share Price Action and Market Performance
Shares of Naspers Ltd. (JSE: NPNJ) have surged more than 63% in 2025, climbing from R3,500 in mid-January to a record peak of R5,933. This remarkable rally reflects both strong earnings momentum and investor confidence in the group’s long-term strategy.
Despite this impressive run, the stock retreated 2.73% from its peak during the week, showing signs of short-term profit-taking. However, technical indicators remain supportive. Pullbacks have repeatedly found support at the 50-day simple moving average, which once again cushioned the latest decline.
NPNJ Chart Daily – The 50 SMA Held As Support Again
By Friday, a rebound was already underway. The stochastick indicator is also oversold and reversing higher, suggesting that upward momentum could resume in the coming week.
Empowering Women in Technology
Coinciding with its market activity, Naspers and Prosus unveiled the Tech FoundHER Africa Challenge, aimed at empowering women-led tech and tech-enabled startups across the continent.
The initiative, first piloted in India, addresses the massive gender funding gap in venture capital—currently, less than 3% of VC funding flows to female founders. Closing this $42 billion gap could unlock as much as $316 billion in GDP growth.
In partnership with Lionesses of Africa, a network of 1.8 million female entrepreneurs, the program will provide mentorship, investment opportunities, and platforms for visibility, marking a major step in promoting inclusivity within Africa’s digital economy.
Strong Earnings Backdrop
Behind the scenes, Naspers’ financial performance remains a solid pillar of support for its stock. For FY2025, which ended March 31, group revenue grew 20% year-over-year, rising from $6.4 billion (R116.5 billion) to $7.2 billion (R130.1 billion).
The e-commerce portfolio was the key driver, generating $7 billion (R126.5 billion) in revenue, up 12% in USD terms and 21% in local currencies. Improved cost control and stronger margins, along with robust Tencent dividends, pushed core headline earnings up 46%.
Net profit jumped 86% year-over-year to $12.3 billion (R222.3 billion), while operating profit turned positive at $124 million (R2.2 billion), reversing last year’s $562 million (R10.2 billion) loss. E-commerce profitability also accelerated, with adjusted EBIT soaring from just $24 million (R437 million) in FY2024 to $430 million (R7.8 billion) in FY2025.
Outlook: While Naspers’ stock has cooled after its record-setting rally, the combination of strong fundamentals, Tencent’s reliable dividend flow, and strategic investments in Africa’s digital future suggest that the long-term uptrend remains intact. The rebound seen on Friday underscores continued investor confidence, setting the stage for renewed momentum in the weeks ahead.
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