Grab reports a Q2 2025 earnings of US$35 million on higher revenue and margins
[SINGAPORE] Superapp Grab reported Q2 2025 earnings of US$35 million, reversing from a loss of US$53 million in the same year-ago period.
This was driven by operating profit and lower finance costs, and also partially offset by higher income tax expenses in Q2 2025.
Revenue for the period grew 23 per cent to US$819 million from US$664 million the year prior. Operating profit also rose to US$7 million in Q2 2025 from a loss of US$56 million in Q2 2024.
This was driven by higher revenue, improved margins, cost management and lower share-based compensation expenses.
Adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 69 per cent to US$109 million from US$64 million. This was driven by growth in on-demand gross merchandise value and revenue, and improving profitability on a segment adjusted Ebitda basis.
Grab’s guidance for revenue and adjusted Ebitda remains unchanged. The company is still guiding for revenue to be between US$3.3 billion to US$3.4 billion with a 19 to 22 per cent growth. Adjusted Ebitda is guided to be between US$460 million to US$480 million with a 47 to 53 per cent growth.
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Revenue for the financial segment grew 41 per cent to US$84 million in Q2 2025 from US$64 million in Q2 2024, the highest growth by percentage across Grab’s business segments. This was driven by increased contributions from lending across GrabFin and the digital banks.
The loan portfolio rose 78 per cent to US$708 million in Q2 2025 from US$397 million in Q2 2025. The total loans disbursed in Q2 2025 grew 44 per cent to US$721 million.
Customer deposits in GXS and GX Banks hit US$1.5 billion in Q2 2025, from US$730 million in Q2 2024 and from US$1.4 billion in Q1 2025.
Anthony Tan, chief executive officer and co-founder, Grab said: “We will continue to execute on our strategy to drive product- and tech-led innovations to enhance the affordability and reliability of our services, further deepen user engagement and retention, while attracting new users to the Grab ecosystem.”
Shares of Grab closed down 0.4 per cent or US$0.02 to US$5.29 on Thursday.
