Link: https://links.sgx.com/1.0.0/corporate-announcements/AYBPWAILFDK0CIZQ/e25d7ae7b29c81a15c9ae51055ccf08f1720f32514b7a56afb4413b5fefdaf74

Summary:

• Revenue jumped 21% year-on-year to $1.59 billion for the six months ended June 30, 2025, with growth across deliveries (+21%), mobility (+17%), and financial services (+39%).

• Net profit for the period was $30 million, a turnaround from a $184 million loss a year earlier, benefiting from stronger operating income and improved cost efficiency.

• Deliveries segment GMV rose 19% to $6.6 billion; Mobility GMV grew 18% to $3.7 billion; financial services segment revenue grew as the loan portfolio increased 78% to $708 million.

• Group Monthly Transacting Users reached 45.4 million, a 14% year-on-year increase, and monthly active driver supply also rose 18%.

• Total Segment Adjusted EBITDA increased 31% to $393 million, reflecting a sharp improvement in operating profitability.

• Grab completed a $58 million share buyback in 1H 2025 and raised $1.5 billion via zero coupon convertible notes due 2030 to strengthen its liquidity.

• Net cash from operating activities was $136 million; unrestricted cash and equivalents remained strong, with assets exceeding liabilities by $6.4 billion.

• Company fully repaid its $2 billion term loan and remains well-capitalized to pursue growth and new investments, including digital banking and new retail initiatives in Southeast Asia.

• Management anticipates continued growth, product innovation, and ongoing cost optimization to drive sustainable profitability.