Grab posts $20m profit in Q2

Revenue also rose 23% YoY to $819m.

Grab Holdings Limited reported a $20m profit for the second quarter ended 30 June 2025, a $89m improvement year-over-year.

The growth was driven by strong operating performance and lower finance costs. Higher income tax expenses partially offset the gains.

The group's revenue also rose 23% YoY to $819m, or 19% on a constant currency basis. Growth was led by the on-demand and financial services segments.

On-demand GMV also grew 21% YoY (18% constant currency) to $5.4b, supported by a 15% increase in monthly transacting users and a 23% rise in transactions.

Anthony Tan, group chief executive officer and co-founder of Grab, said the company is seeing “profitable growth at scale” and highlighted 46 million monthly users and 14 straight quarters of adjusted EBITDA growth.

Peter Oey, chief financial officer of Grab, pointed to continued cost discipline and the successful issuance of $1.5b in zero coupon convertible notes, which strengthens the company’s balance sheet.

The company said it will continue focusing on product innovation, user engagement, and capital discipline to sustain momentum.