Grab (US:GRAB)2025-11-04 11:17Financial Performance - Revenue grew 22% year-over-year to $873 million, or 17% on a constant currency basis[4] - Adjusted EBITDA reached $136 million, up 51% year-over-year from $90 million[4] - Full-year Group revenue guidance upgraded to $3.38 to $3.40 billion, reflecting 21% to 22% growth year-over-year[8] - Adjusted EBITDA guidance increased to $490 million to $500 million, representing 57% to 60% growth year-over-year[8] - Grab reported a profit of $17 million for the three months ended September 30, 2025, compared to a profit of $15 million in the same period of 2024[25] - Adjusted EBITDA for the nine months ended September 30, 2025, was $351 million, up from $216 million in the same period of 2024, representing a 62.5% increase[25] - Total Segment Adjusted EBITDA for the three months ended September 30, 2025, was $231 million, compared to $178 million in the same period of 2024, reflecting a 29.7% growth[27] - Operating profit for Q3 2025 was $27 million, compared to an operating loss of $38 million in Q3 2024[38] - Net profit for the period was $17 million, up from $15 million in Q3 2024, marking a significant recovery from a loss of $169 million in the same period last year[38] - Total comprehensive income for Q3 2025 was $10 million, compared to $146 million in Q3 2024[39] User Metrics - The number of Group MTUs (monthly transacting users) increased by 14% year-over-year to 47.7 million[5] - Monthly Transacting Users (MTUs) are a key metric for Grab, indicating the number of unique users who transact via Grab's apps[31] Financial Services - Total loan portfolio grew 65% year-over-year to $821 million, with loans disbursed increasing by 56% year-over-year to $886 million[12] - The loan portfolio in the financial services segment represents the total of current and non-current loan receivables, net of expected credit loss allowances[34] - Grab's financial services segment reported a Segment Adjusted EBITDA of $(28) million for the three months ended September 30, 2025, compared to $(26) million in the same period of 2024[27] Cash and Liquidity - Gross cash liquidity totaled $7.4 billion at the end of Q3 2025, compared to $6.1 billion in the prior year[7] - Cash and cash equivalents at the end of Q3 2025 were $3.280 billion, compared to $2.885 billion at the end of Q3 2024[45] - Grab's gross cash liquidity includes cash on hand, short-term and long-term time deposits, marketable securities, and restricted cash, which are critical for meeting short-term obligations[21] Revenue Breakdown - On-Demand GMV increased 24% year-over-year to $5.8 billion, or 20% on a constant currency basis[4] - Deliveries revenue grew 23% year-over-year to $465 million, driven by a 26% increase in Deliveries GMV[9] - Revenue for Q3 2025 reached $873 million, a 22% increase from $716 million in Q3 2024[38] Research and Development - Research and development expenses for Q3 2025 were $103 million, a slight increase from $97 million in Q3 2024[38] Future Plans - Plans announced to launch Autonomously Intelligent Ride (Ai.R) service in Singapore by early 2026, in partnership with WeRide[14] Company Operations - The company operates in over 800 cities across eight Southeast Asian countries, enhancing its market presence and user accessibility[15] Shareholder Information - The number of outstanding Class A and Class B ordinary shares increased to 4,080,408 and 4,185,629 respectively as of September 30, 2025[39] - The company issued $1.5 billion in convertible notes, which will impact reported financial results but not underlying cash flows[37] Social Responsibility - The company aims to achieve profitability while maintaining a positive social impact and reducing its environmental footprint[15]