Earnings ·
Grab Holdings Limited reported a profit of $355 million for the six months ended June 30, 2026, compared to $30…
GRABGrab Holdings Ltd
Grab Holdings Limited reported a profit of $355 million for the six months ended June 30, 2026, compared to $30 million in the prior year period. Revenue increased 23% to $1,953 million, driven by growth across deliveries, mobility, and financial services segments. The significant profit improvement was primarily attributed to a $307 million gain recognized upon obtaining control of PT Super Bank Indonesia Tbk (Superbank) in May 2026. On-demand Gross Merchandise Value rose 22% to $12.59 billion, while monthly transacting users grew 16% to 52.8 million. The company also announced a new share repurchase program on August 4, 2026, authorizing up to $750 million in buybacks. Grab Holdings Limited operates as a technology and mobility platform providing ride-hailing, food delivery, digital payments, and financial services across Southeast Asia.