Grab Holdings reported a second-quarter profit of US$252 million, a dramatic 720% increase from the US$35 million posted in the same period last year.
The Singapore-based super app also announced it has raised its full-year guidance for 2026, citing stronger-than-expected performance across its mobility and food delivery segments.
CEO Anthony Tan highlighted that the group reached a record 54 million monthly transacting users during the quarter, reflecting deepening engagement across its Southeast Asian footprint.
The results underscore a significant acceleration in the company’s path to sustained profitability.
CEO Anthony Tan highlighted that the group reached a record 54 million monthly transacting users during the quarter, reflecting deepening engagement across its Southeast Asian footprint.
The user growth, combined with improved unit economics, has allowed Grab to expand margins while continuing to invest in new verticals.
The guidance upgrade positions Grab as a standout performer in the regional tech sector, contrasting with mixed results from other global ride-hailing and logistics peers.