Naspers Share Price Soars to R1,290 Ahead of 5-for-1 Split and Just Eat Takeaway Acquisition
Naspers (JSE: NPNJ) is preparing to implement its 5-for-1 stock split in early October, a move aimed at making shares more accessible to...
Quick overview
- Naspers is set to implement a 5-for-1 stock split on October 6, 2025, to enhance share accessibility without affecting overall valuation.
- The company's stock has surged over 55% year-to-date, reflecting strong earnings momentum and investor confidence.
- Naspers reported significant financial improvements, including a 20% increase in group revenue and an 86% rise in net profit for FY2025.
- Prosus, Naspers' European arm, has confirmed its unconditional acquisition of Just Eat Takeaway for €4.1 billion, further expanding its e-commerce footprint.
Naspers (JSE: NPNJ) is preparing to implement its 5-for-1 stock split in early October, a move aimed at making shares more accessible to investors without changing the company’s overall valuation.
Stock Split Set for October
The company announced on September 15 that it is finalizing the subdivision approved by shareholders at the August 2025 AGM. Under the plan, each Naspers shareholder will receive five new shares for every one currently held as of October 6, 2025.
The split increases the number of shares in circulation while lowering their individual price, bringing them to roughly 20% of their pre-split level. Importantly, this adjustment does not alter the company’s total market capitalization or each investor’s proportional ownership—it only changes the share count and nominal price.
Share Price Momentum
Naspers stock has enjoyed a remarkable rally in 2025, climbing over 55% year-to-date—from R822 in mid-January to a record R1,297 as of yesterday.
The latest weekly gain of 6.45% reflects strong earnings momentum and investor confidence in the company’s long-term strategy.
NPNJ Chart Daily – Leaving Behind the MAs
Technical indicators also remain constructive: the 50-day simple moving average (SMA) has repeatedly acted as a reliable support level during pullbacks, helping cushion recent dips.
NPNJ Chart Weekly – The 20 SMA Has Been Acting As Support Lately
Key Financial Strengths Driving Growth
The company’s latest FY2025 results (through March 31) showcase its improving fundamentals:
- Group revenue rose 20% YoY to $7.2 billion (R130.1 billion) from $6.4 billion.
- E-commerce portfolio revenue grew 12% in USD terms and 21% in local currencies to $7 billion (R126.5 billion).
- Core headline earnings surged 46%, supported by higher margins, tighter cost controls, and stronger Tencent dividends.
- Operating profit swung to a positive $124 million (R2.2 billion) from a $562 million (R10.2 billion) loss in the prior year.
- Net profit jumped 86% to $12.3 billion (R222.3 billion), while adjusted EBIT soared from $24 million (R437 million) in FY2024 to $430 million (R7.8 billion) in FY2025.
These figures underscore improved profitability in e-commerce and strong contributions from its stake in Tencent.
Just Eat Takeaway Deal Now Unconditional
In a separate development, Naspers’ European arm, Prosus, confirmed that its offer to acquire Just Eat Takeaway (JET) is now unconditional. Prosus’ wholly owned subsidiary, MIH Bidco Holdings, is purchasing the Dutch-based food-delivery company for €4.1 billion (approximately R83 billion).
JET operates in 17 countries, offering services similar to South Africa’s Mr D and Uber Eats, and its branding has gained global recognition, including sponsorship visibility in UEFA competitions. This acquisition reinforces Naspers’ strategy of expanding its global food-delivery and e-commerce footprint.
Market Position and Outlook
Naspers remains South Africa’s most valuable company, boasting a market capitalization just under R1 trillion, with much of its wealth tied to its significant Tencent stake.
The upcoming share split is expected to boost liquidity by attracting more retail participation, while the e-commerce expansion and strategic acquisitions support optimism for continued growth.
Conclusion: With the 5-for-1 stock split set for October 6 and a record-breaking share rally this year, Naspers appears well-positioned to maintain investor confidence. The combination of robust earnings, improved profitability, and global expansion moves underscores the group’s ongoing transformation from a traditional holding company into a leading international technology investor.
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