Recent Updates — GRAB
Grab Holdings Limited announced updates to its board of directors effective October 31 and December 1, 2026. John Rogers will retire from the Board and its Audit Committee after a five-year term, serving as an advisor during the transition. Sean Sullivan, Executive Vice President and Chief Financial Officer of Acushnet Holdings Corp., will join the Board and serve on the Audit Committee effective December 1, 2026. Grab is a leading superapp in Southeast Asia operating across deliveries, mobility, and digital financial services.
Grab Holdings Limited announced updates to its Board of Directors. Effective October 31, 2026, John Rogers will retire from the Board and its Audit Committee after a five-year term, continuing as an advisor for transition purposes. Sean Sullivan, Executive Vice President and Chief Financial Officer of Acushnet Holdings Corp., will join the Board and serve on the Audit Committee effective December 1, 2026. Grab is a leading superapp in Southeast Asia operating across deliveries, mobility, and digital financial services.
Grab Holdings Limited announced definitive agreements to acquire a controlling 60% equity interest in Atome Financial for $1.49 billion in cash, including $0.26 billion in primary growth capital. The transaction combines Atome’s AI-powered BNPL and consumer lending infrastructure with Grab’s ecosystem of nearly 54 million monthly transacting users across Singapore, Malaysia, the Philippines, Indonesia, and Thailand. Completion is expected by Q3 2027, subject to regulatory approvals. Grab also agreed to acquire the remaining 40% stake approximately two years later under a performance-based valuation framework with a $2.0 billion floor and $4.5 billion cap. Atome Financial serves 25 million cumulative users and manages a $1 billion gross loan portfolio. Grab Holdings Limited operates in the Southeast Asian technology, mobility, and financial services sector.
Grab Holdings Limited announced on September 15, 2026, its intention to execute the remaining approximately $900 million of its authorized share repurchase program over the next 12 months. This action brings cumulative repurchases since the program's inception in 2024 to $1.75 billion, representing the full amount authorized by the Board of Directors. If fully executed based on current market prices, these purchases would repurchase over 10% of Class A ordinary shares outstanding. The company cited strengthened conviction in its business performance and a dislocation between operational compounding and share price as key drivers. Funding will come from existing cash reserves, supported by $7.4 billion in gross cash liquidity as of June 30, 2026. Grab Holdings Limited operates in the technology sector, providing ride-hailing, food delivery, and financial services across Southeast Asia.
Grab Holdings Limited announced definitive agreements to acquire a controlling 60% equity interest in Atome Financial for $1.49 billion in cash. The transaction includes $0.26 billion in primary growth capital and is expected to close by the third quarter of 2027, subject to regulatory approvals. Grab also agreed to acquire the remaining 40% stake approximately two years later under a performance-based valuation framework with a floor of $2.0 billion and a cap of $4.5 billion. Concurrently, Grab upgraded its financial guidance, targeting Group Adjusted EBITDA of $1.7 billion and over 30% revenue CAGR from 2025 to 2028, while expecting the Financial Services segment to generate $500 million in Adjusted EBITDA with a gross loan portfolio exceeding $6 billion by 2028. Grab Holdings Limited operates as a leading Southeast Asian superapp providing mobility, delivery, and digital financial services.
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.