Grab Holdings Ltd. reported its unaudited financial results for the fourth quarter and full year ended December 31, 2025. For Q4 2025, revenue rose 19% year-on-year to USD 906 million, while On-Demand Gross Merchandise Value (GMV) increased 21% to USD 6.10 billion. The company posted a quarterly profit of USD 153 million and achieved an adjusted EBITDA of USD 148 million, up 54% year-on-year. For the full year 2025, Grab reported revenue of USD 3.37 billion, representing a 20% increase. On-Demand GMV for the year reached USD 22.14 billion, also up 21%. Net profit for the year amounted to USD 200 million, marking the first full year of net profit for the company. Adjusted EBITDA rose 60% to USD 500 million, and adjusted free cash flow grew 78% to USD 290 million. Operationally, Grab’s Monthly Transacting Users (MTUs) climbed to 47.2 million for the year, with On-Demand GMV per MTU at USD 513. Partner incentives totaled USD 1.00 billion, and consumer incentives reached USD 1.27 billion. The company’s loan portfolio more than doubled to USD 1.18 billion. Grab’s management highlighted the achievement of its first full year of net profit and surpassing 50 million Monthly Transacting Users. The company announced a new USD 500 million share repurchase program and reaffirmed its focus on expanding its addressable market, improving affordability and reliability, and investing in product-led innovations. Looking ahead, Grab expects to generate USD 1.5 billion in adjusted EBITDA with an adjusted free cash flow conversion of 80% by 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grab Holdings Ltd. published the original content used to generate this news brief on February 12, 2026, and is solely responsible for the information contained therein.