Naspers stock rises 4.59 percent as buybacks continue

Published on 09/23/2026 at 19:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Naspers stock stood at ZAR 748.59 on September 22, 2026, after a 4.59 percent daily gain. FY2026 revenue rose 51 percent to USD 10.8 billion.

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Naspers stock (ISIN ZAE000351946) rose 4.59 percent to ZAR 748.59 on the Johannesburg Stock Exchange on September 22, 2026. The move came as the company continued its share repurchase program, with 813,626 shares bought between September 14 and September 18 at an average price of ZAR 725.9598.

Buybacks set a clear price reference

According to ShareNet, the purchases totaled ZAR 590,659,746, equivalent to USD 36,290,404, for the September 14 to September 18 period. The average repurchase price was 3.12 percent below the September 22 close, creating a concrete comparison between the companys capital allocation and the market price.

Naspers says its open-ended repurchase program is funded by regular sales of Tencent shares and is intended to increase net asset value over time. The program continues while the discount to underlying net asset value remains elevated, according to the companys investor materials.

FY2026 growth supports the case

The latest full-year figures show why capital returns are being assessed alongside operating progress. In fiscal year 2026, group revenue grew 51 percent to USD 10.8 billion, while ecosystem adjusted EBITDA increased 84 percent and adjusted EBIT rose 95 percent.

Naspers reported core headline earnings of USD 3.6 billion, up 14 percent, with core headline earnings per share rising 24 percent on a post-split basis. Free cash inflow reached USD 1.5 billion, compared with USD 1.0 billion a year earlier, a USD 0.5 billion increase.

The balance sheet also shows the cost of expansion. Naspers ended fiscal year 2026 with USD 12.7 billion in cash and USD 17.9 billion in interest-bearing debt after acquisitions including Just Eat Takeaway.com and Despegar.

JSE close keeps the comparison visible

Naspers stock closed at ZAR 748.59 on the JSE on September 22, 2026. The combination of a 4.59 percent daily gain, a repurchase average of ZAR 725.9598 and a 51 percent fiscal-year revenue increase gives investors three distinct measures of the companys current position.