Grab2Go (GRB2G) H1 2025 earnings summary

Executive summary

• Focused on developing autonomous, unmanned store technology for retail, pharmacy, and gas station sectors.

• Expanded pilot projects in Estonia and continued activities in target markets, including Canada.

• Ongoing cooperation with Benu pharmacy, Terminal AS, and R-Kiosk; active sales in all strategic sectors.

Financial highlights

• Revenue for H1 2025 was €2,420, up from €1,162 in H1 2024.

• Net loss reduced to €76,522 from €98,000 year-over-year, mainly due to lower operating expenses.

• Total assets at 30 June 2025 were €658,787, down from €752,311 a year earlier.

• Cash at period end was €475, compared to €12,888 at 30 June 2024.

• Operating cash flow was negative at -€10,399, improved from -€49,859 in H1 2024.

Outlook and guidance

• Management remains optimistic about achieving set goals and is preparing for rapid growth.

• Board believes the market for autonomous retail technology is in a continuing growth trend.