Singapore's Grab Announces First Full-Year Profit Since Listing
Special Topic: Focus on US Stock Q4 2025 Earnings Reports
Despite improved profitability over the past year, the performance of this Nasdaq-listed company's stock remains weak.
Southeast Asia's largest ride-hailing and food delivery platform, Grab, has achieved full-year profitability for the first time, more than four years after going public via a SPAC merger.
"This is not a one-off event," said Grab CFO Peter Oey in an interview following the Nasdaq-listed company's earnings release on Thursday. "We are a business with sustainable profitability."
Headquartered in Singapore, Grab achieved a net profit of $200 million in 2025, compared to a net loss of $158 million in 2024.
The company also turned profitable at the operating level: $65 million in operating profit in 2025, versus an operating loss of $168 million in 2024. Revenue for 2025 grew 20% year-on-year to $3.37 billion.
Peter Oey stated that a major reason for achieving full-year profitability was Grab's continued push for operational automation, including expanding AI applications to reduce costs.
He mentioned that even as Grab continues to expand into more cities in Southeast Asia, "we are able to operate with fewer employees."
Despite improved profitability, Grab's stock price has not kept up.
The current share price is down 11.5% compared to 12 months ago, and has fallen 16.7% year-to-date, significantly underperforming the Nasdaq Composite Index (which is down just 0.7% so far this year).
The weak stock performance is due to investor doubts about whether Grab can maintain its pace of expansion in Southeast Asia, along with concerns about the region's economic outlook.
Editor: Guo Mingyu
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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