Naspers Ltd
OTC:NAPRF
Income Statement
Earnings Waterfall
Naspers Ltd
Income Statement
Naspers Ltd
| 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%
|
|