Grab Holdings Limited Class A Ordinary Shares

Grab Holdings Limited Class A Ordinary Shares Earnings Recaps

GRAB Industrials 1 recap
Q3 2025 Nov 4, 2025

Grab achieved a strong performance in Q3 2025, with a notable 51% year-on-year increase in adjusted EBITDA, driven by a significant rise in monthly transacting users and continued cost discipline.

Key takeaways
  • Monthly transacting users increased by nearly 6 million year-over-year, reaching a total of 48 million.
  • On-demand GMV grew by 24% year-on-year; 20% on a constant currency basis.
  • Adjusted EBITDA rose to $136 million, marking the 15th consecutive quarter of profitability improvement.
  • Adjusted free cash flow improved by $185 million year-on-year to $283 million on a trailing 12-month basis.
  • Full-year EBITDA guidance has been increased to between $490 million and $500 million as the company anticipates sustained momentum across its business segments.
Full recap