Grab Holdings Limited (GRAB) annual results, year to 31 December 2025: revenue USD 3,370 million, from the 20-F
Grab Holdings Limited files a 20-F with the SEC once a year, in US dollars. In the year to 31 December 2025 it reported revenue of USD 3,370 million, up 20.5% on the year before. Its profit attributable to shareholders was USD 268 million, and diluted earnings per share USD 0.06.
The year to 31 December 2025, against the year before
| Year to | Dec 2024 | Dec 2025 |
|---|---|---|
| Revenue | 2,797 | 3,370 |
| Cost of sales | 1,623 | 1,914 |
| Research and development | 410 | 428 |
| Operating profit | -168 | 65.0 |
| Finance costs | 106 | 71.0 |
| Profit before tax | -95.0 | 269 |
| Income tax | 63.0 | 69.0 |
| Profit for the year | -158 | 200 |
| Profit attributable to shareholders | -105 | 268 |
| Filing | 20-F | 20-F |
USD million, from the 20-F on the SEC's EDGAR, linked in the last row, on the IFRS tags the company filed. A line the company does not file under the standard tag is left out rather than estimated.
USD per ordinary share, as filed.
Cash flow
| Year to | Dec 2024 | Dec 2025 |
|---|---|---|
| Cash from operations | 852 | 79.0 |
| Purchase of property, plant and equipment | 77.0 | 97.0 |
| Free cash flow | 775 | -18.0 |
| Filing | 20-F | 20-F |
USD million. Free cash flow is cash from operations less the purchase of property, plant and equipment, arithmetic on the two filed lines.
Balance sheet at year end
| Year to | Dec 2024 | Dec 2025 |
|---|---|---|
| Total assets | 9,295 | 11,983 |
| Equity attributable to shareholders | 6,399 | 6,728 |
| Cash and cash equivalents | 2,964 | 3,433 |
| Borrowings, as filed | 364 | 2,053 |
| Trade and other receivables | 206 | 240 |
| Inventories | 59.0 | 87.0 |
| Filing | 20-F | 20-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2024 | Dec 2025 |
|---|---|---|
| Operating margin | -6.0% | 1.9% |
| Net margin | -3.8% | 8.0% |
| Free cash flow margin | 27.7% | -0.5% |
| Return on year-end equity | -1.6% | 4.0% |
| Effective tax rate | n/a | 25.7% |
| Filing | 20-F | 20-F |
Arithmetic on the filed lines of the same year.
Every annual report here
- Year to 31 December 2025, this page
- Year to 31 December 2024
- Year to 31 December 2023
- Year to 31 December 2022
- Year to 31 December 2021
- Year to 31 December 2020
- Year to 31 December 2019
Source
20-F for the year to 31 December 2025, filed 6 March 2026, accession 0001855612-26-000020: the filing on EDGAR. All of Grab Holdings Limited's filings: EDGAR company page. The figures are in US dollars as filed.
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