Grab returns to the black with US$24 million gain in Q1; sees profit for the full year
Written by Black Hot Fire Network on April 30, 2025
[SINGAPORE] Grab reported a net profit of US$24 million for the first quarter ended Mar 31, 2025, reversing from a US$104 million loss in the previous corresponding period.
The turnaround was driven by higher revenue across all segments, improved operating loss and higher net finance income which included US$33 million in foreign exchange gains, it said.
