Prosus, a global technology investor majority-owned by South Africa’s Naspers, reported a significant increase in profits driven largely by its recent acquisition of Just Eat Takeaway.com. The company disclosed on Tuesday that adjusted earnings rose by 84 percent to $1.3 billion (£1 billion) for the past year.

Last year, Prosus acquired Just Eat Takeaway for £3.6 billion, marking a key component of its ongoing transformation strategy focused on the food delivery sector. Since the acquisition, Just Eat Takeaway generated revenues of $1.9 billion in the six-month period following the purchase and posted adjusted earnings of $83 million over the same time frame.

Prosus highlighted progress in its operational turnaround efforts at Just Eat Takeaway, emphasizing initiatives to align the company’s culture with its own, accelerate technological development, and refine its focus on targeted markets. The group pointed to encouraging early results from a pilot program in selected cities, reporting order growth of up to 25 percent.

The parent company also noted that overall revenues across its portfolio rose 57 percent year on year, supported by acquisitions in various sectors. In addition to Just Eat Takeaway, Prosus owns Brazil-based food delivery platform iFood and the Dutch online classifieds marketplace OLX.

Investment in artificial intelligence is central to Prosus’s growth plans, with the company developing its own AI agent called OpenClaw. While the technology has raised data privacy concerns in Europe, Prosus remains committed to expanding its AI capabilities.

Fabricio Bloisi, chief executive of Prosus, described the company’s vision as the creation of an “AI-powered lifestyle ecosystem” designed to grow increasingly intelligent and interconnected through continuous user engagement. He noted that what was a vision 18 months ago has now become an integrated and rapidly scaling reality.