20-F - Grab Holdings Limited | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Grab Holdings Limited reported FY 2025 revenue of $3.37B, up 20% YoY from $2.80B in 2024, driven by 21% growth in on-demand GMV to $22.14B. Deliveries revenue rose 21% to $1.80B (53% of total), mobility 16% to $1.22B (36%), and financial services 38% to $0.35B (10%). Operating profit turned positive at $65M from a $168M loss, with Adjusted EBITDA surging 60% to $500M. Net profit was $200M, reversing a $158M loss, yielding basic EPS of $0.07. Cash from operations was $79M, with net cash increase of $392M to $3.43B cash equivalents. Balance sheet strengthened with total assets at $11.98B and equity $6.76B. First profitable year reflects ecosystem scale, with 47.2M MTUs (up 14%) and loan portfolio doubling to $1.18B. Strategic moves like Everrise acquisition and $1.5B convertible notes bolster growth amid Southeast Asia digitalization.

Key Takeaways

1Revenue $3.37B, +20% YoY from $2.80B.

2Net profit $200M vs $158M loss prior year.

3On-demand GMV $22.14B, +21% YoY.

4Adjusted EBITDA $500M, +60% YoY.

5Cash equivalents $3.43B, up from $2.96B.

Key Financial Metrics

EPS

$0.07

$0.00 prior year

Revenue

$3.37B

+20%

Net Income

$200.0M

from -$158M

Gross Margin

43.3%

42.0% prior year

Gross Profit

$1.46B

+18%

free cash flow

-$93M

Operating Income

$65.0M

from -$168M

operating margin

1.9%

Business Segments

Deliveries53% of revenue

$1.80B+21% YoY

Mobility36% of revenue

$1.22B+16% YoY

Financial Services10% of revenue

$0.35B+38% YoY