Grab Holdings (GRAB) Company Report

GoTo, a rival of Grab, announced a leadership change with CEO Patrick Walujo stepping down and COO Hans Patuwo nominated as his successor, pending shareholder approval.
This leadership transition at GoTo is occurring amid ongoing merger talks with Singapore-based rival Grab.
The reshuffle is viewed as a strategic move to facilitate a potential merger that could strengthen GoTo's market position and profitability.
The potential merger structure with Grab could involve the Indonesian sovereign wealth fund Danantara holding a minority stake and a 'golden share'.

Nov 24, 2025, 2:14 AM

Fortune

Grab and WeRide Receive Approval for Expanded Autonomous Vehicle Testing in Singapore

GRAB

New Projects/Investments

Product Launch

Singapore’s Land Transport Authority (LTA) has granted WeRide and Grab approval for their entire Ai.R fleet to conduct autonomous vehicle (AV) testing within the Punggol district.
Following the commencement of the first AV testing in mid-October 2025, the companies plan to increase the total number of AV test runs on shuttle service routes in Punggol by up to four times by the end of the year.
The Ai.R public autonomous ride service, operated by Grab in partnership with WeRide, is expected to launch for public passengers by early 2026.
The first cohort of Ai.R Safety Operator trainees, comprising over 10 experienced Grab driver-partners, has progressed to on-the-road training to support the service roll-out.

Nov 13, 2025, 7:50 AM

Press Release

Grab Holdings Announces $60M Investment in Vay Technology

GRAB

New Projects/Investments

M&A

Grab Holdings Limited announced a $60 million investment in Vay Technology GmbH, a Berlin-based provider of automotive-grade remote driving technology, in exchange for a minority equity stake.
The deal, expected to close in the fourth quarter of 2025, includes a potential additional $350 million investment contingent on Vay meeting financial and operational milestones within the first year.
This investment positions Grab to potentially increase its stake to a majority stake in Vay within three years, supporting its growth in the Southeast Asian market and expanding its technological capabilities.
Following the announcement, Grab's stock has shown positive performance, with a 17.8% rise year-to-date prior to the announcement, reflecting investor confidence in the strategic move.

Nov 10, 2025, 12:06 PM

Bloomberg

Grab to Invest in Remote Driving Technology Company Vay

GRAB

New Projects/Investments

M&A

Grab Holdings Limited announced a strategic investment in Vay Technology GmbH, a provider of automotive-grade remote driving technology.
The initial investment is $60 million in cash for a minority equity interest in Vay, with closing expected in the fourth quarter of 2025.
Grab has an option to increase its equity interest with an additional $350 million within the first year after closing, subject to financial and operating milestones and regulatory approvals.
If the additional purchase is completed and warrants become exercisable, Grab could potentially own a majority equity interest in Vay on a fully-diluted basis three years after closing.

Nov 10, 2025, 11:31 AM

6-K

Grab Announces Strategic Investment in Vay Technology GmbH

GRAB

New Projects/Investments

Grab Holdings Limited announced on November 10, 2025, its definitive agreement to make a strategic investment in Vay Technology GmbH, a remote driving technology company.
The initial investment is $60 million in cash, with a potential additional investment of $350 million within the first year, subject to Vay and Grab achieving agreed financial and operational milestones.
The investment is expected to close in the fourth quarter of 2025, with Grab initially holding a minority equity interest and potentially a majority equity interest on a fully-diluted basis three years after closing if the additional investment is completed.
This investment aims to enable Vay to scale and expand its operations in the U.S., while enhancing Grab’s mobility offerings and accelerating its autonomous and remote driving expertise.

Nov 10, 2025, 11:29 AM

6-K

Grab Reports Third Quarter 2025 Results

GRAB

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Grab reported strong financial results for Q3 2025, with revenue increasing 22% year-over-year to $873 million and On-Demand GMV growing 24% year-over-year to $5.8 billion.
The company achieved a profit for the period of $17 million and saw Adjusted EBITDA rise 51% year-over-year to $136 million.
Adjusted Free Cash Flow for Q3 2025 was $203 million, contributing to a $283 million Adjusted Free Cash Flow on a trailing twelve months basis.
Both the Deliveries and Mobility segments demonstrated strong performance, with Deliveries revenue up 23% to $465 million and Mobility revenue up 17% to $317 million, both segments reporting positive Adjusted EBITDA.
Grab maintained a robust liquidity position with gross cash liquidity of $7.4 billion and net cash liquidity of $5.3 billion at the end of Q3 2025.

Nov 4, 2025, 11:35 AM

6-K

Grab Holdings Announces Strong Q3 2025 Results and Upgrades Full-Year Guidance

GRAB

Earnings

Guidance Update

Revenue Acceleration/Inflection

Grab Holdings Limited reported revenue of $873 million for Q3 2025, a 22% year-over-year increase, alongside a profit of $17 million.
Adjusted EBITDA grew 51% year-over-year to $136 million in Q3 2025, marking the fifteenth consecutive quarter of growth.
On-Demand Gross Merchandise Value (GMV) increased 24% year-over-year to $5.8 billion.
The company upgraded its full-year 2025 guidance, now projecting Group revenue between $3.38 billion and $3.40 billion and Adjusted EBITDA between $490 million and $500 million.

Nov 4, 2025, 11:17 AM

6-K

Grab Reports Record Q3 2025 Adjusted EBITDA and Strong Growth

GRAB

Earnings

Guidance Update

Revenue Acceleration/Inflection

Grab reported strong Q3 2025 financial results, with Group adjusted EBITDA rising 51% year-on-year to a record $136 million, marking its 15th consecutive quarter of sequential profitability improvement. Adjusted free cash flow also improved by $185 million year-on-year to $283 million on a trailing 12-month basis.
The company saw significant user and GMV growth, with monthly transacting users increasing by nearly 6 million year-over-year to 48 million, fueling a 24% year-on-year increase in on-demand GMV (20% on a constant currency basis).
Grab is on track for its financial services loan portfolio to exceed $1 billion by the end of 2025, with Q3 loan dispersal up 56% year-over-year on an annualized basis of $3.5 billion. The financial services segment is expected to break even overall in the second half of 2025, with banks breaking even in Q4 2025.
The company expects full-year on-demand GMV growth to accelerate from 2024 levels, with both mobility and delivery segments projected to exit the year at record GMV levels. Grab Mart, currently 10% of deliveries GMV, is growing 1.5 times faster than food delivery and is a key focus for future growth and advertising monetization.

Nov 4, 2025, 12:00 AM

Transcript

Grab Reports Record Q3 2025 Adjusted EBITDA and Raises Full-Year Guidance

GRAB

Earnings

Guidance Update

Revenue Acceleration/Inflection

Grab achieved record Group adjusted EBITDA of $136 million in Q3 2025, a 51% year-on-year increase, marking its 15th consecutive quarter of sequential profitability improvement.
On-demand GMV grew 24% year-on-year (20% on a constant currency basis) in Q3 2025, driven by a 6 million year-over-year increase in monthly transacting users to 48 million.
The company raised its full-year 2025 adjusted EBITDA guidance to $490 million-$500 million and expects to exit the year at record GMV levels.
Grab's financial services segment is accelerating, with loan dispersals reaching a $3.5 billion annualized run rate in Q3 2025, up 56% year-on-year. The company reaffirmed its goal for the financial services loan portfolio to exceed $1 billion by the end of 2025 and expects the segment to break even overall in the second half of the year.

Nov 4, 2025, 12:00 AM

Transcript

Grab Reports Strong Q3 2025 Financial Results and Positive Outlook

GRAB

Earnings

Guidance Update

Revenue Acceleration/Inflection

Grab reported a 51% year-on-year increase in Group adjusted EBITDA to $136 million in Q3 2025, marking its 15th consecutive quarter of sequential profitability improvement.
On-demand Gross Merchandise Value (GMV) grew 24% year-on-year (20% constant currency), driven by a 6 million year-on-year increase in monthly transacting users to 48 million.
The company's adjusted free cash flow improved by $185 million year-on-year to $283 million on a trailing 12-month basis.
Grab expects its financial services loan portfolio to exceed $1 billion and full-year on-demand GMV growth to accelerate from 2024 levels, with both mobility and delivery segments on track to exit 2025 at record GMV levels.
The financial services segment is projected to break even overall in the second half of 2025, with the banks specifically breaking even in Q4 2025.

Nov 4, 2025, 12:00 AM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for Grab Holdings.

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