Grab Holdings Limited (GRAB) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and good evening everyone and thank you for joining Grab's fourth quarter and full year 2025 earnings call. I'm Ken Leck, Head of Strategic Finance and Investor Relations and joining me today are our Co-Founder and CEO Anthony Tan, our Group CFO Peter Oe, and our President and CEO Alex Hanley. Now before we begin, please note that we are going to be making some forward-looking statements today. You should not place undue reliance on these forward-looking statements, and actual results may differ materially from these statements. And we do not undertake any obligation to update any forward-looking statements we make today, except as required by law. We're also going to be presenting both IFRS and non-IFRS financial measures. Please see the supplemental slides and our earnings release for more disclosures about these non-IFRS financial measures, including a reconciliation of IFRS to non-IFRS measures. We're doing things a little bit differently today, and many of you would have seen the detailed investor deck we published on our investor relations website, and also the video format to our earnings. Today's session will begin first with a 45-minute presentation from our management team, followed by a Q&A session where we do encourage all of you to submit questions via email throughout the presentation to investor.relationsatgrab.com. And with that, I'll now turn it over to Anthony for his opening remarks. Thanks, Ken. Good day, everyone, and thank you for joining us. In 2025, Grab delivered its first full year of net profitability while accelerating GMB growth to 21% year-on-year across mobility and deliveries. This represents our highest growth in recent years as our team executed upon our product-led affordability strategy. This resulted in strong user gr...