Earnings ·
Ryde reports H1 revenue of S$6.7M, up 17%, while narrowing Adjusted EBITDA deficit to S$1.9M
RYDERyde Group Ltd
Ryde Group Ltd reported unaudited financial results for the six months ended June 30, 2026, showing total revenue of S$6.7 million (US$5.2 million), a 17% increase from S$5.7 million in the prior year period. Mobility revenue rose 8% to S$4.5 million, driven by higher gross transaction value, while membership revenue grew 24%. The company recorded an operational loss of S$2.2 million and a net loss of S$13.4 million (US$10.4 million), largely due to S$11.4 million in share-based compensation expenses related to executive awards and consultant issuances. Adjusted EBITDA improved by 37%, with the deficit narrowing to S$1.9 million from S$3.0 million, primarily due to a S$1.3 million decrease in legal and professional fees. The filing also notes a US$14.9 million private offering completed in April 2026 and pending litigation involving shareholder petitions and class actions. Ryde Group Ltd operates as a technology-driven platform providing mobility and quick commerce solutions, including ride-hailing, carpooling, and parcel delivery services.