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6-K2026-11-03· deepseek-v4-flash

GRAB · Grab Holdings Limited

0001855612-26-000150

SEC filing

Summary

Grab 2026年三季度营收增27%至$1,112 million,Adjusted EBITDA创纪录$237 million,并回购$400 million股份。

Key takeaways

Full analysis

指标本期去年同期同比
Revenue$1,112 million$873 million27%
Operating profit$108 million$27 million297%
Profit for the period$18 million$17 million5%
Total Segment Adjusted EBITDA$338 million$231 million46%
Adjusted EBITDA$237 million$136 million73%
Adjusted EBITDA margin21.3%15.6%+565 bps
Net cash from operating activities$55 million$(127) millionNM
Adjusted Free Cash Flow$286 million$203 million41%

本季营收增长由三大核心板块共同驱动:Deliveries revenue 增21%至 $561 million、Mobility revenue 增10%至 $349 million,On-Demand GMV 增18%至 $6.8 billion,Group MTUs 达 57.2 million(+20%)。Adjusted EBITDA 利润率扩张565个基点至21.3%,主要来自各板块盈利能力改善;Operating profit 大增297%至 $108 million。但 Profit for the period 仅 $18 million,因 $57 million 金融资产及负债公允价值净亏损、$12 million 权益法投资减值、财务收入下降及所得税费用上升而几乎被抵消。

现金流方面,Operating Cash Flow 为 $55 million,同比改善 $182 million,主要受数字银行业务客户存款流入增加 $404 million 推动,部分被 Financial Services 贷款发放增加 $294 million 抵消;Adjusted Free Cash Flow 季度 $286 million,trailing twelve months 达 $533 million。资本返还上,公司于9月及10月回购 $400 million Class A ordinary shares,计划剩余 $500 million,若完成则自2024年初累计回购将达 $1.75 billion、注销逾10%流通股。流动性方面,Gross cash liquidity 由 $7.4 billion 降至 $7.1 billion,Net cash liquidity 由 $5.4 billion 降至 $5.0 billion。