Grab Holdings Limited (GRAB) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for joining us today. My name is Nora, and I will be your conference operator for this session. Welcome to GRAB's first quarter 2025 earnings results call. After this speaker's remarks, there will be a question and answer session. I will now turn it over to Douglas Yu to start the call. Good day, everyone, and welcome to GRAB's first quarter 2025 earnings call. I'm Douglas Yu, Director, Investor Relations and Strategic Finance at Grab, and joining me today are Anthony Tan, Chief Executive Officer, Alex Hungate, President and Chief Operating Officer, and Peter Owee, Chief Financial Officer. During this call, we will be making forward-looking statements about future events, including our future business and financial performance. These statements are based on our current beliefs and expectations. Actual results could differ materially due to a number of risks and uncertainties as described on this earnings call, In the earnings release and our form 20 F and other filings with the SEC, we do not undertake any duty to update any forward looking statements. We will also be discussing non IFRS financial measures on this call these measures supplement, but do not replace IFRS financial measures. Please refer to the earnings materials for reconciliation of non IFRS to IFRS financial measures for more information, please refer to our earnings press release remarks and supplemental presentation available on our website. And with that, I will turn the call over to Anthony to deliver his opening remarks before we open it up for questions. Our first quarter results were strong as we achieved profitable growth despite the seasonal impacts to demand from the Lunar New Year and Ramadan fasting period. We grew on-demand GMV by 17% year on year and achi...