TMTPOST -- Dutch technology investor Prosus   reported a 99% increase in adjusted half-year core profit on Monday, buoyed by strong performances across its digital services and e-commerce businesses.

Adjusted EBITDA rose to $423 million, up from $213 million   a year earlier, while revenue climbed 22%   to $3.6 billion, driven by robust results at food delivery platform iFood   and classifieds business OLX.

Majority-owned by South Africa's Naspers   and the largest shareholder of Chinese tech giant Tencent, Prosus is undergoing a sweeping transformation from a passive investment vehicle into an active operator of its global e-commerce assets.

In Europe, the company is integrating its € 4.1 billion ( $4.7 billion )   acquisition of Just Eat Takeaway. Prosus also announced a $1.3 billion   deal in September to buy French classifieds platform La Centrale, and Reuters reported in November that it had shown early interest in acquiring German auto marketplace Mobile.de.

In India, Prosus has invested $350 million   in ride-hailing app Rapido   and $146 million   in online travel agency Ixigo. In Latin America, its iFood unit acquired a stake in fintech firm CRMBonus   and has reportedly entered advanced talks to purchase benefits provider Alelo   for $905 million.

"We remain disciplined in managing our portfolio by divesting non-strategic businesses and allocating that capital towards our ecosystem strategy,"   Prosus said.

The company generated $1.2 billion   from divestitures in the first half and expects that figure to rise to $2 billion   by fiscal year-end. It reported $18.3 billion   in cash reserves, with an additional $2.5 billion   available through an unused credit facility.

Prosus remains committed to pursuing major acquisitions across Europe, Latin America and India, Chief Financial Officer Nico Marais told Reuters. The company also invested more than $100 million   in the first half to develop agentic AI models tailored to its platforms.