Global Finance News
12 Feb 2026, 10:17
Grab Holdings Limited Reports First Full-Year Net Profit in 2025
Grab Holdings Limited posted its first full-year net profit in 2025, capping a record fourth quarter marked by strong revenue growth and improved profitability.
Fourth-quarter revenue rose 19% year over year to $906 million, while On-Demand Gross Merchandise Value (GMV) increased 21% to a record $6.1 billion. Profit for the period reached $153 million, compared to $11 million a year earlier. Adjusted EBITDA climbed 54% to $148 million.
For the full year, revenue grew 20% to a record $3.37 billion, and On-Demand GMV rose 21% to $22.1 billion. Grab reported net income of $200 million for 2025, compared with a $158 million loss in 2024. Adjusted EBITDA increased 60% to $500 million, while Adjusted Free Cash Flow improved to $290 million.
Monthly Transacting Users reached 50.5 million in the fourth quarter. The company’s loan portfolio expanded to $1.18 billion, up 120% year over year.
Grab ended the year with gross cash liquidity of $7.4 billion and net cash liquidity of $5.4 billion. The company also announced a new $500 million share repurchase program.
Management said disciplined cost control, improved unit economics and product-led innovation underpin its long-term strategy, targeting $1.5 billion in Adjusted EBITDA and 80% free cash flow conversion by 2028.
Source: Grab Holdings Limited Q4 and FY2025 results release, February 12, 2026.
Grab Holdings Limited posted its first full-year net profit in 2025, capping a record fourth quarter marked by strong revenue growth and improved profitability.
Fourth-quarter revenue rose 19% year over year to $906 million, while On-Demand Gross Merchandise Value (GMV) increased 21% to a record $6.1 billion. Profit for the period reached $153 million, compared to $11 million a year earlier. Adjusted EBITDA climbed 54% to $148 million.
For the full year, revenue grew 20% to a record $3.37 billion, and On-Demand GMV rose 21% to $22.1 billion. Grab reported net income of $200 million for 2025, compared with a $158 million loss in 2024. Adjusted EBITDA increased 60% to $500 million, while Adjusted Free Cash Flow improved to $290 million.
Monthly Transacting Users reached 50.5 million in the fourth quarter. The company’s loan portfolio expanded to $1.18 billion, up 120% year over year.
Grab ended the year with gross cash liquidity of $7.4 billion and net cash liquidity of $5.4 billion. The company also announced a new $500 million share repurchase program.
Management said disciplined cost control, improved unit economics and product-led innovation underpin its long-term strategy, targeting $1.5 billion in Adjusted EBITDA and 80% free cash flow conversion by 2028.
Source: Grab Holdings Limited Q4 and FY2025 results release, February 12, 2026.
