Financial Performance - Grab's Q3 2025 revenue increased by 22% year-over-year to $873 million[31], or 17% on a constant currency basis[16] - On-Demand Gross Merchandise Value (GMV) grew by 24% year-over-year to $5774 million[31], or 20% on a constant currency basis[16] - Adjusted EBITDA increased by 51% year-over-year to $136 million[17] - Trailing 12-month Adjusted Free Cash Flow was $283 million, an increase of $185 million year-over-year[17] Segment Performance - Deliveries GMV grew by 26% year-over-year to $3733 million, or 22% on a constant currency basis[37] - Mobility GMV grew by 20% year-over-year to $2041 million, or 17% on a constant currency basis[40] - Financial Services loan portfolio increased by 65% year-over-year to $821 million[43] Deliveries Growth - Deliveries GMV growth accelerated for the third consecutive quarter to 22% year-over-year on a constant currency basis[21] - Deliveries Monthly Transacting Users (MTUs) grew by 17% year-over-year in Q3 2025[21] - Mart GMV growth is 1.5x higher year-over-year compared to Food Deliveries[25] Cash Liquidity - Gross Cash Liquidity stood at $7431 million as of September 30, 2025[32] - Net Cash Liquidity was $5294 million as of September 30, 2025[32] Outlook - The company projects 2025 revenue between $3380 million and $3400 million, representing a 21%-22% year-over-year increase[47] - The company projects 2025 Adjusted EBITDA between $490 million and $500 million, representing a 57%-60% year-over-year increase[47]