Grab posts first-ever full-year net profit of $292m in 2025 as revenue surges

Full-year revenue rose 20% to $4.91b, led by mobility, deliveries, and financial services.

Grab Holdings posted its first full-year net profit, earning $292m (US$200m) in 2025, a turnaround from a $231m (US$158m) loss the previous year, according to the company’s press release.

In the fourth quarter of 2025, Grab recorded net profit of $223m (US$153m), it said.

Revenue for the quarter was $1.32b (US$906m), up 19% year on year, and on-demand gross merchandise value climbed 21% to $8.9b (US$6.1b) whilst adjusted EBITDA rose 54% to $216m (US$148m).

Full-year revenue grew 20% to $4.91b (US$3.37b), whilst adjusted EBITDA rose 60% to $729m (US$500m).

Adjusted free cash flow reached $423m (US$290m), Grab added.

The company ended the year with $10.8b (US$7.4b) in gross cash and $7.9b (US$5.4b) in net cash.

Grab also announced a $729m (US$500m) share buyback programme.

Grab said its monthly transacting users surpassed 50 million in 2025, with deliveries and mobility remaining the largest revenue contributors.

Financial services revenue also grew more than 30% but stayed EBITDA-negative due to ongoing investment in lending operations, the company added.