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Grab Posts Record Quarter, First Profitable Year With $500 Million Buyback and 2026 Outlook

An exclusive Hesai lidar distribution pact signals a broader mobility push across Southeast Asia.

Overview

  • Q4 FY2025 revenue rose 19% year over year to $906 million, with profit of $153 million and adjusted EBITDA of $148 million, up about 54%.
  • For FY2025, revenue reached roughly $3.37 billion, net profit totaled $200 million after a prior-year loss, and adjusted EBITDA was $500 million.
  • The board authorized up to $500 million in share repurchases, and management guided FY2026 revenue to $4.04–$4.10 billion with adjusted EBITDA of $700–$720 million.
  • Operational scale strengthened as on-demand GMV climbed 21% to $6.1 billion and Monthly Transacting Users surpassed 50 million.
  • Analysts responded positively, with Bank of America Securities maintaining a Buy rating at $6.20 and Bernstein reiterating Buy at $5.80 while noting a path toward $1.5 billion adjusted EBITDA by 2028.