Grab (GRAB) Investor presentation summary

Key milestones and achievements

• Completed two $500M share repurchase programs, totaling $1B.

• Achieved first positive Adjusted EBITDA quarter ($28M), first full-year positive Adjusted Free Cash Flow ($162M), and first full-year profit ($200M).

• Surpassed 20 billion rides and deliveries, and launched digital banks in Singapore and Malaysia.

• Superbank IPO on IDX and loan portfolio exceeded $1B.

User and market growth

• Annual transacting users grew from 97M in 2023 to 129M in 2025, a 33% increase.

• Monthly transacting users rose from 35M to 47M, and daily transacting users from 6.3M to 7.8M.

• Over 1 in 15 people in Southeast Asia transact monthly on the platform.

Financial performance and outlook

• Q4 2025 group revenue grew 19% YoY; on-demand GMV up 21% YoY.

• Adjusted EBITDA reached $148M (+54% YoY); Adjusted Free Cash Flow was $76M (+$7M YoY).

• 16 consecutive quarters of Adjusted EBITDA improvement.

• 2026 outlook: $4.04B–$4.10B revenue (20–22% YoY), $700M–$720M Adjusted EBITDA (40–44% YoY).

• Targeting $1.5B Adjusted EBITDA and 80% Adjusted Free Cash Flow conversion by 2028.