N

Naspers Ltd
JSE:NPN

Watchlist Manager
Naspers Ltd
JSE:NPN
Watchlist
Price: 105 731 Zac 1.31% Market Closed
Market Cap: 826.5B Zac
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-1%
5Y
+65%
10Y
+24%
Operating Income
+
3Y
-
5Y
-
10Y
+14%
Net Income
+
3Y
+155%
5Y
+92%
10Y
+456%

Earnings Waterfall
Naspers Ltd

Revenue
7.9B USD
Cost of Revenue
-4.5B USD
Gross Profit
3.4B USD
Operating Expenses
-3.1B USD
Operating Income
234m USD
Other Expenses
5.5B USD
Net Income
5.7B USD

Income Statement
Naspers Ltd

Rotate your device to view
Income Statement
Currency: USD
Mar-2002 Sep-2002 Mar-2003 Sep-2003 Mar-2004 Sep-2004 Mar-2005 Sep-2005 Mar-2006 Sep-2006 Mar-2007 Sep-2007 Mar-2008 Sep-2008 Mar-2009 Sep-2009 Mar-2010 Sep-2010 Mar-2011 Sep-2011 Mar-2012 Sep-2012 Mar-2013 Sep-2013 Mar-2014 Sep-2014 Mar-2015 Sep-2015 Mar-2016 Sep-2016 Mar-2017 Sep-2017 Mar-2018 Sep-2018 Mar-2019 Sep-2019 Mar-2020 Sep-2020 Mar-2021 Sep-2021 Dec-2021 Mar-2022 Sep-2022 Mar-2023 Sep-2023 Mar-2024 Sep-2024 Mar-2025 Sep-2025
Revenue
Interest Expense
45
35
25
0
93
0
46
24
43
39
38
38
50
85
99
85
113
151
194
200
171
173
176
199
245
260
247
259
292
291
278
274
197
168
205
208
229
233
268
341
0
407
507
569
578
585
583
586
0
Revenue
1 034
N/A
1 110
+7%
1 155
+4%
1 564
+36%
1 794
+15%
2 032
+13%
2 242
+10%
2 363
+5%
2 463
+4%
2 610
+6%
2 777
+6%
2 759
-1%
2 888
+5%
3 161
+9%
3 022
-4%
3 078
+2%
3 595
+17%
4 078
+13%
4 612
+13%
5 150
+12%
5 317
+3%
5 396
+1%
5 919
+10%
6 085
+3%
6 220
+2%
6 476
+4%
6 569
+1%
6 321
-4%
5 930
-6%
5 905
0%
6 098
+3%
6 245
+2%
2 985
-52%
4 497
+51%
3 291
-27%
3 509
+7%
4 001
+14%
4 768
+19%
5 934
+24%
6 700
+13%
8 883
+33%
6 294
-29%
7 973
+27%
5 960
-25%
6 208
+4%
6 431
+4%
6 867
+7%
7 181
+5%
7 855
+9%
Gross Profit
Cost of Revenue
(608)
(1 002)
(665)
(1 298)
(924)
(1 407)
(1 113)
(1 334)
(1 372)
(1 398)
(1 518)
(1 485)
(1 517)
(1 703)
(1 532)
(1 540)
(1 854)
(2 108)
(2 480)
(2 776)
(2 809)
(2 855)
(3 281)
(3 447)
(3 512)
(3 631)
(3 824)
(3 705)
(3 392)
(3 375)
(3 574)
(3 771)
(1 884)
(2 801)
(2 104)
(2 292)
(2 692)
(3 284)
(4 088)
(4 822)
(6 404)
(4 662)
(5 711)
(4 085)
(4 040)
(3 966)
(4 146)
(4 289)
(4 490)
Gross Profit
426
N/A
109
-74%
490
+351%
267
-45%
870
+226%
626
-28%
1 128
+80%
1 028
-9%
1 090
+6%
1 212
+11%
1 259
+4%
1 274
+1%
1 371
+8%
1 458
+6%
1 490
+2%
1 538
+3%
1 741
+13%
1 970
+13%
2 131
+8%
2 374
+11%
2 508
+6%
2 541
+1%
2 638
+4%
2 638
0%
2 708
+3%
2 845
+5%
2 745
-4%
2 616
-5%
2 538
-3%
2 530
0%
2 524
0%
2 474
-2%
1 101
-55%
1 696
+54%
1 187
-30%
1 217
+3%
1 309
+8%
1 484
+13%
1 846
+24%
1 878
+2%
2 479
+32%
1 632
-34%
2 262
+39%
1 875
-17%
2 168
+16%
2 465
+14%
2 721
+10%
2 892
+6%
3 365
+16%
Operating Income
Operating Expenses
(461)
(108)
(470)
(129)
(685)
(346)
(721)
(578)
(619)
(671)
(739)
(736)
(827)
(994)
(1 039)
(1 086)
(1 170)
(1 299)
(1 436)
(1 684)
(1 881)
(1 933)
(2 091)
(2 155)
(2 377)
(2 549)
(2 523)
(2 411)
(2 510)
(2 714)
(2 829)
(2 743)
(1 728)
(2 532)
(1 721)
(1 830)
(1 955)
(2 076)
(2 940)
(3 218)
9 279
(2 420)
(2 957)
(2 334)
(2 573)
(2 648)
(2 721)
(2 746)
(3 131)
Selling, General & Administrative
(355)
0
(367)
0
(528)
(254)
(600)
(578)
(619)
(686)
(739)
(717)
(827)
(997)
(1 052)
(1 043)
(1 175)
(1 291)
(1 443)
(1 691)
(1 882)
(1 933)
(2 091)
(2 155)
(2 231)
(2 549)
(2 377)
(2 414)
(2 276)
(2 624)
(2 640)
(2 743)
(1 587)
(2 527)
(1 571)
(1 830)
(1 960)
(2 083)
(2 932)
(3 221)
(4 006)
(2 454)
(2 884)
(2 307)
(2 570)
(2 647)
(2 722)
(2 773)
(3 164)
Depreciation & Amortization
(106)
(108)
(104)
(129)
(157)
0
(121)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(146)
0
(148)
0
(147)
0
(187)
0
(141)
0
(145)
0
0
0
0
0
32
0
0
0
0
0
0
0
0
Other Operating Expenses
0
0
0
0
0
(92)
0
(1)
0
15
0
(19)
1
3
13
(43)
5
(9)
7
7
0
0
0
0
0
0
2
1
(87)
(90)
(2)
0
0
(5)
(5)
0
5
7
(8)
3
13 253
34
(74)
(27)
(3)
(1)
0
27
33
Operating Income
(35)
N/A
1
N/A
19
+3 100%
138
+619%
185
+34%
279
+51%
408
+46%
450
+10%
471
+5%
541
+15%
521
-4%
538
+3%
544
+1%
464
-15%
451
-3%
452
+0%
571
+26%
671
+18%
695
+4%
690
-1%
626
-9%
608
-3%
547
-10%
483
-12%
331
-31%
296
-11%
222
-25%
205
-7%
28
-86%
(184)
N/A
(305)
-66%
(269)
+12%
(627)
-133%
(836)
-33%
(534)
+36%
(613)
-15%
(646)
-5%
(592)
+8%
(1 094)
-85%
(1 340)
-22%
11 758
N/A
(788)
N/A
(695)
+12%
(459)
+34%
(405)
+12%
(183)
+55%
0
N/A
146
N/A
234
+60%
Pre-Tax Income
Interest Income Expense
(20)
(4)
(0)
(17)
(93)
2
(21)
24
34
(36)
9
103
231
148
135
193
229
460
526
352
349
580
897
804
803
1 270
1 403
1 311
1 147
1 356
1 346
2 183
3 008
5 489
3 596
3 549
4 034
4 563
7 136
8 091
160
8 861
6 458
5 095
5 344
3 219
4 198
6 098
6 373
Non-Reccuring Items
(2)
(47)
(16)
54
2
0
90
0
0
(22)
(40)
(13)
(33)
(57)
(45)
0
(60)
(92)
(143)
(172)
(229)
(154)
(344)
(415)
(204)
(95)
(29)
(134)
84
107
1 993
1 925
9 050
10 506
1 329
303
194
1
1 180
13 383
0
10 476
(619)
5 062
5 889
3 950
3 855
6 320
6 908
Gain/Loss on Disposition of Assets
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10
0
0
0
(5)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(853)
0
0
0
0
0
0
0
0
Total Other Income
0
(27)
0
(52)
0
(4)
0
(21)
0
0
(0)
40
(1)
35
0
19
(0)
(14)
0
36
(0)
(8)
(0)
0
5
0
2
(39)
2
(115)
(622)
(906)
(252)
(379)
0
0
0
0
0
0
10 455
0
1 557
0
0
0
0
0
0
Pre-Tax Income
(57)
N/A
(77)
-34%
4
N/A
124
+3 155%
95
-24%
278
+194%
478
+72%
456
-5%
505
+11%
483
-4%
490
+1%
668
+36%
742
+11%
590
-20%
541
-8%
664
+23%
740
+11%
1 025
+39%
1 088
+6%
905
-17%
746
-18%
1 025
+37%
1 095
+7%
870
-21%
934
+7%
1 471
+57%
1 598
+9%
1 344
-16%
1 261
-6%
1 164
-8%
2 412
+107%
2 933
+22%
11 179
+281%
14 780
+32%
4 391
-70%
3 239
-26%
3 582
+11%
3 972
+11%
7 222
+82%
20 134
+179%
21 519
+7%
18 549
-14%
6 700
-64%
9 698
+45%
10 828
+12%
6 986
-35%
8 053
+15%
12 564
+56%
13 515
+8%
Net Income
Tax Provision
(16)
(17)
(17)
(30)
(25)
(55)
(41)
(51)
(147)
(164)
(178)
(219)
(194)
(172)
(163)
(194)
(232)
(232)
(259)
(273)
(277)
(302)
(301)
(280)
(287)
(303)
(338)
(319)
(260)
(258)
(244)
(248)
(70)
(280)
(229)
(202)
(231)
77
46
(127)
(141)
(64)
(55)
(51)
(114)
(151)
(164)
(181)
(157)
Income from Continuing Operations
(73)
(94)
(13)
93
70
223
437
405
358
319
312
449
549
419
378
469
507
792
829
632
469
723
795
590
647
1 168
1 260
1 025
1 001
906
2 168
2 685
11 109
14 500
4 162
3 037
3 351
4 049
7 268
20 007
21 378
18 485
6 645
9 647
10 714
6 835
7 889
12 383
13 358
Income to Minority Interest
35
42
(17)
(35)
(18)
(15)
(19)
(19)
(25)
(23)
(27)
(66)
(90)
(85)
(76)
(72)
(89)
(103)
(96)
(102)
(79)
(86)
(83)
(54)
(77)
(76)
(3)
2
(7)
32
169
190
136
104
56
80
(254)
(1 069)
(1 964)
(5 861)
23 686
(6 294)
26 551
(5 449)
(6 039)
(3 863)
(4 506)
(7 087)
(7 631)
Net Income (Common)
(202)
N/A
(103)
+49%
34
N/A
(8)
N/A
52
N/A
208
+301%
418
+100%
392
-6%
500
+28%
456
-9%
285
-38%
368
+29%
481
+31%
760
+58%
652
-14%
397
-39%
418
+5%
689
+65%
733
+6%
530
-28%
390
-26%
637
+63%
712
+12%
536
-25%
570
+6%
1 092
+92%
1 257
+15%
1 027
-18%
994
-3%
938
-6%
2 337
+149%
2 875
+23%
11 358
+295%
14 780
+30%
6 901
-53%
5 737
-17%
3 097
-46%
2 980
-4%
5 304
+78%
14 207
+168%
21 378
+50%
12 223
-43%
2 239
-82%
4 331
+93%
4 721
+9%
2 855
-40%
3 317
+16%
5 242
+58%
5 714
+9%
EPS (Diluted)
-0.26
N/A
-0.13
+50%
0.03
N/A
0
N/A
0.03
N/A
0.14
+367%
0.28
+100%
0.25
-11%
0.33
+32%
0.29
-12%
0.18
-38%
0.2
+11%
0.26
+30%
0.4
+54%
0.34
-15%
0.2
-41%
0.21
+5%
0.35
+67%
0.37
+6%
0.27
-27%
0.2
-26%
0.31
+55%
0.36
+16%
0.26
-28%
0.28
+8%
0.53
+89%
0.62
+17%
0.49
-21%
0.47
-4%
0.43
-9%
1.08
+151%
1.32
+22%
5.24
+297%
6.73
+28%
3.17
-53%
2.61
-18%
1.41
-46%
1.38
-2%
2.47
+79%
7.77
+215%
99.01
+1 174%
8.41
-92%
2.09
-75%
4.15
+99%
4.94
+19%
2.95
-40%
19.01
+544%
6.12
-68%
7.17
+17%

See Also

Summary
NPN intrinsic value, competitors valuation, and company profile.
DCF Valuation
NPN stock valuation using Discount Cash Flow valuation method.
Relative Valuation
NPN stock valuation using valuation multiples.
Wall Street Estimates
NPN price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
NPN stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 300,900+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.