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.
You may also like
Jiayin Technology (JFIN.US) Holds 500 Million Cash in First Half of Year, Overseas Market Bet Becomes the Key to Breakthrough
Jiayin Financial Technology (JFIN.US) released its financial report for the first half of 2026, reporting revenue of 1.494 billion yuan, gross profit of 613 million yuan, and a gross margin of 41.03%.

The electricity equipment giant priced as a software stock? GE Vernova (GEV.US) faces a short attack from GLJ; Bernstein responds: It's not just data centers, utilities are the real trump card.
After experiencing a sharp decline on Monday, GE Vernova stabilized on Tuesday. However, debates surrounding this power equipment giant are intensifying in the market.

The "AI slowdown theory" can't stop the funding frenzy of model giants! Astra is launched, sparking heated discussions on AGI; OpenAI aims for a $1.2 trillion valuation
OpenAI is in early talks with investors to discuss a new round of financing, which would bring the valuation of ChatGPT's creator OpenAI to over $1.2 trillion. The company will subsequently conduct its initial public offering (IPO).

White House Pressure Fails to Prevent Hawkish Shift! Federal Reserve Rate Hike Looms, Waller-Trump Relationship Faces Major Test
The Federal Reserve is expected to raise interest rates by 25 basis points on Wednesday, marking the first increase since 2023; the market is pricing in a probability of over 90%, and the relationship between the White House and Walsh faces a test.

