Grab Holdings Limited

NasdaqGS-GRAB

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	38	43	24	11	47	-51
Profit Before Income Tax
Depreciation & Amortization	47	42	40	36	36	34
Amortization of Intangible Assets
Depreciation of Property, Plant and Equipment
Share-Based Compensation Expense	55	60	80	49	53	82
Equity-Settled Share-Based Payments
Other Adjustments	28	-9	-11	21	-60	13
Impairment of Intangible Assets and Goodwill
Impairment of Property, Plant and Equipment
Finance Costs
Net Change in Fair Value of Financial Assets and Liabilities
Net Impairment Gains on Financial Assets
Finance Income
Gain on Disposal of Property, Plant and Equipment
Gain on Disposal of Associate
Restructuring Costs
Gain on Disposal of Subsidiary
Share Listing and Associated Expenses
Share of Profit of Equity-Accounted Investees (Net of Tax)
Change in Provisions
Dividend Income
Changes in Trade Receivables	-122	-55	-139	-66	-152	-66
Change in Trade and Other Receivables
Change in Loan Receivables in the Financial Services Segment
Changes in Inventories	-4	3	-2	-2	-7	—
Change in Inventories
Changes in Accounts Payable	73	-20	-85	37	168	17
Change in Trade Payables and Other Liabilities
Changes in Other Operating Activities	-242	—	166	167	253	243
Change in Deposits Pledged
Change in Deposits from Customers in the Banking Business
Income Tax Paid
Cash from Operating Activities	-127	64	73	253	338	272
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-27	-9	-16	-30	-23	-13
Acquisition of Property, Plant and Equipment
Proceeds from Sale of Property, Plant & Equipment	4	1	4	8	11	4
Proceeds from Disposal of Property, Plant and Equipment
Purchases of Intangible Assets	-5	-4	-10	-13	-13	-6
Purchase of Intangible Assets
Payments for Business Acquisitions	—	-45	-45	-22	-1	—
Acquisition of Subsidiaries with Non-Controlling Interests, Net of Cash Acquired
Acquisition of Subsidiaries with Non-Controlling Interests, Net of Cash Acquired, and Loan Receivables
Proceeds from Business Divestments	1	—	—	—	—	—
Proceeds from Disposal of Subsidiaries
Other Investing Activities	-380	-200	-146	65	91	64
Acquisition of Additional Interests in Associates and Joint Venture
Acquisition of Associates and Joint Venture
Proceeds from Disposal of Associate
Net Acquisition of Other Investments
Receipt of Co-Investing Arrangement Loan Receivables
Restricted Cash
Interest Income Received
Dividend Income Received
Cash from Investing Activities	-407	-257	-213	8	65	49
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Long-Term Debt	63	1,559	32	26	37	27
Proceeds from Bank Loans
Proceeds from the Issuance of Convertible Notes
Repayments of Long-Term Debt	-78	-68	-41	-39	-38	-37
Repayment of Bank Loans
Net Issuance / (Repayments) of Long-Term Debt	-15	1,491	-9	-13	-1	-10
Issuance of Common Shares	6	8	6	6	7	8
Proceeds from Share-Based Payment Arrangements
Proceeds from the Reverse Recapitalization
Repurchases of Common Shares	—	-274	—	-37	-58	-34
Repurchase and Retirement of Ordinary Shares
Net Issuance / (Repurchases) of Common Shares	6	-266	6	-31	-51	-26
Issuance of Preferred Shares	—	—	—	—	—	—
Proceeds from Issuance of Convertible Redeemable Preference Shares
Net Issuance / (Repurchases) of Preferred Shares	—	—	—	—	—	—
Other Financing Activities	-42	-40	3	-20	-77	69
Payment of Share Listing and Associated Expenses
Payment of Lease Liabilities
Transaction Costs Related to the Issuance of Convertible Notes
Acquisition of Non-Controlling Interests Without Change in Control
Proceeds from Subscription of Shares in Subsidiaries by Non-Controlling Interests Without Change in Control
Deposits Pledged
Deposits Released
Interest Paid
Cash from Financing Activities	-51	1,185	—	-64	-129	33
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	-154	55	57	223	315	259
NOPAT	12.1	3.3	-8.8	2	-12.1	-74.7
Levered Free Cash Flow	-131	1,542	118	222	452	218
Unlevered Free Cash Flow	-140.9	19.3	94.3	210	414.9	206.3
Net Change in Cash	-585	992	-140	197	274	354