JOHANNESBURG, SOUTH AFRICA — The Takealot Group, South Africa’s leading e-commerce business, has achieved a significant milestone by reporting full-year earnings before tax profitability for the first time since its inception in 2011.
The group, which includes the popular online retailer Takealot. Com and on-demand delivery service Mr D, swung from a loss of R214 million in 2025 to a profit of R181 million in the 2026 financial year.
The turnaround was marked by a 18% growth in revenue, reaching R16. 4 billion ($1 billion) in local currency, despite the intensifying competition from international giants like Amazon. Co.
Za.
The profitability was primarily driven by an 86% increase in EBITDA to R1. 28 billion and a 14% growth in gross merchandise value to R32.
8 billion.
Takealot Group CEO Frederik Zietsman attributed the success to the company’s strategic focus on operational efficiency and customer experience. “Takealot.
Com became profitable as of the 2024 financial year, with both Takealot.
Com and Mr D businesses individually making trading profits, “Zietsman.
The group’s expansion efforts, including the launch of Mr D and fashion retailer Superbalist, have been instrumental in its growth.
Naspers, a major shareholder with a 46. 5% stake, has been supportive of these initiatives, reflecting cautious optimism about the future of the company.
However, the road to profitability has not been without challenges.
The group has had to navigate a competitive landscape dominated by international players, with Amazon’s entry into the South African market in 2020 adding to the pressure. Despite these challenges, Takealot has managed to maintain its market leadership position. Naspers, Takealot’s parent company, expressed cautious optimism about the profitability, indicating that while Takealot has achieved a significant milestone, the company remains cautious about the future.
Officials commented on the matter.
The Takealot Group’s success story is a testament to the resilience and adaptability of the South African e-commerce sector.
As the company continues to innovate and expand its service offerings, it will be interesting to see how it navigates the evolving e — commerce landscape in Africa and beyond.
*Additional reporting by ImNews | Sources consulted: 5*
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This original article was produced by the ImNews editorial team
Source: Google News v2
