Grab, Southeast Asia's leading superapp, reported robust financial results for FY2024, with revenue climbing 19% YoY to $2.8B. The company significantly narrowed its net loss by 67% YoY to $158M, while achieving positive Adjusted EBITDA of $313M compared to -$22M in 2023. The deliveries and mobility segments contributed 90% of total revenue, with deliveries generating $1.5B (+14% YoY) and mobility reaching $1.0B (+20% YoY).Financial services showed strong growth with revenue increasing 43% YoY to $253M, while customer deposits surged 227% YoY to $1.2B. The company maintained a solid financial position with $2.96B in cash and cash equivalents, and total financial assets of $7.38B against liabilities of $2.65B. Segment-wise, both deliveries and mobility demonstrated improved profitability, with Adjusted EBITDA growing 142% and 22% YoY respectively.Strategic initiatives included the full repayment of Term Loan B Facility, acquisition of Malaysian premium grocery chain Everrise, and launch of a $500M share repurchase program. The company expanded its digital banking presence across Singapore, Malaysia, and Indonesia, while maintaining strong liquidity management and addressing currency and interest rate risks.

Grab, Southeast Asia's leading superapp, reported robust financial results for FY2024, with revenue climbing 19% YoY to $2.8B. The company significantly narrowed its net loss by 67% YoY to $158M, while achieving positive Adjusted EBITDA of $313M compared to -$22M in 2023. The deliveries and mobility segments contributed 90% of total revenue, with deliveries generating $1.5B (+14% YoY) and mobility reaching $1.0B (+20% YoY).Financial services showed strong growth with revenue increasing 43% YoY to $253M, while customer deposits surged 227% YoY to $1.2B. The company maintained a solid financial position with $2.96B in cash and cash equivalents, and total financial assets of $7.38B against liabilities of $2.65B. Segment-wise, both deliveries and mobility demonstrated improved profitability, with Adjusted EBITDA growing 142% and 22% YoY respectively.Strategic initiatives included the full repayment of Term Loan B Facility, acquisition of Malaysian premium grocery chain Everrise, and launch of a $500M share repurchase program. The company expanded its digital banking presence across Singapore, Malaysia, and Indonesia, while maintaining strong liquidity management and addressing currency and interest rate risks.