Grab Achieves Milestone First Full-Year Net Profit with 20% Revenue Growth in 2025, Targets $1.5B EBITDA by 2028

Grab, the leading Southeast Asian super app, has reported its first full-year net profit of $200 million for 2025, marking a historic turnaround from previous losses.

This achievement came alongside a robust 20 percent year-on-year revenue growth, reaching a record $3.37 billion, fueled by expanding user base and optimized operations.

Financial Highlights and Growth Drivers

On-demand gross merchandise value surged 21 percent to $22.1 billion, supported by rising monthly transacting users exceeding 50 million.

Adjusted EBITDA improved significantly to $500 million, up $187 million from 2024, reflecting enhanced profitability across segments.

In the fourth quarter, revenue hit $906 million with 19 percent growth, while Q4 profit reached $153 million.

Leadership Insights on Momentum

Group CEO Anthony Tan highlighted the record Q4 and first profitable year, emphasizing a multi-year strategy for affordability, reliability, and product innovations.

CFO Peter Oey noted disciplined cost management and announced a $500 million share repurchase program to boost shareholder value.

Ambitious Future Projections

For 2026, Grab guides revenue between $4.04 billion and $4.10 billion, implying 20-22 percent growth.

Long-term, the company targets a 20 percent revenue CAGR through 2028, with adjusted EBITDA reaching $1.5 billion.

This profitability milestone underscores Grab's evolution since its 2021 IPO challenges, positioning it as a dominant force in Southeast Asia's digital economy.

Investors welcome the outlook, signaling sustained investment in ecosystem expansion and user engagement for broader regional impact.