Grab posts $10m profit in Q1

This improved from a $115m loss in the same quarter in 2024.

Grab grew its profit by $125m to $10m during the first quarter of the year, improving from the $115m loss in the same quarter in 2024.

The company’s revenue grew by 18% year-over-year (YoY) on a constant currency basis to $773m.

On-demand gross merchandise value increased 16% YoY, to $4.9b.

Further, adjusted earnings before interest, taxes, depreciation, and amortisation improved by $44m to a record high of $106m, marking Grab’s 13th consecutive quarter of adjusted EBITDA expansion.

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