Grab Holdings Limited

NasdaqGS-GRAB

Operating Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23
Net Income	67	58	-153	-76	-390
Profit Before Income Tax
Depreciation & Amortization	81	73	74	73	72
Amortization of Intangible Assets
Depreciation of Property, Plant and Equipment
Share-Based Compensation Expense	141	103	176	136	168
Equity-Settled Share-Based Payments
Other Adjustments	-19	-43	59	-82	91
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	-194	-216	-157	-149	-46
Change in Trade and Other Receivables
Change in Loan Receivables in the Financial Services Segment
Changes in Inventories	1	-10	1	-5	4
Change in Inventories
Changes in Accounts Payable	-106	206	-86	105	-112
Change in Trade Payables and Other Liabilities
Changes in Other Operating Activities	165	420	347	291	6
Change in Deposits Pledged
Change in Deposits from Customers in the Banking Business
Income Tax Paid
Cash from Operating Activities	136	591	261	293	-207
Net Cash Provided by Operating Activities

Investing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23
Capital Expenditure	-24	-52	-25	-51	-20
Acquisition of Property, Plant and Equipment
Proceeds from Sale of Property, Plant & Equipment	5	19	7	15	13
Proceeds from Disposal of Property, Plant and Equipment
Purchases of Intangible Assets	-14	-28	-8	-3	-18
Purchase of Intangible Assets
Payments for Business Acquisitions	-90	-23	—	—	—
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
Other Investing Activities	-347	157	-278	657	1,278
Acquisition of Additional Interests in 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	-470	73	-304	618	1,253
Net Cash Provided by Investing Activities

Financing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23
Issuance of Long-Term Debt	1,590	63	57	67	49
Proceeds from Bank Loans
Proceeds from the Issuance of Convertible Notes
Repayments of Long-Term Debt	-109	-76	-559	-97	-668
Repayment of Bank Loans
Net Issuance / (Repayments) of Long-Term Debt	1,481	-13	-502	-30	-619
Issuance of Common Shares	14	12	13	4	12
Proceeds from Share-Based Payment Arrangements
Proceeds from the Reverse Recapitalization
Repurchases of Common Shares	-274	-95	-131	—	—
Repurchase and Retirement of Ordinary Shares
Net Issuance / (Repurchases) of Common Shares	-260	-83	-118	4	12
Issuance of Preferred Shares	—	—	—	—	—
Proceeds from Issuance of Convertible Redeemable Preference Shares
Net Issuance / (Repurchases) of Preferred Shares	—	—	—	—	—
Other Financing Activities	-36	-98	42	-37	-96
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	1,185	-193	-578	-67	-703
Net Cash Provided by Financing Activities

Free Cash Flow	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23
Free Cash Flow	112	539	236	242	-227
NOPAT	-6.3	-16.6	-157.5	-160.9	-386.8
Levered Free Cash Flow	1,657	676	-348	327	-1,047
Unlevered Free Cash Flow	110.7	620.4	153.5	252.1	-436.8
Net Change in Cash	851	471	-621	844	343