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# Singapore's Grab reports 41% rise in financial services revenue to $84 million in Q2 2025
- URL: https://www.theglobalbanker.com/singapore-s-grab-reports-41-rise-in-financial-services-revenue-to-84-million-in-q2-2025/
- Published: 2025-07-31T11:23:00.000Z
- Updated: 2026-10-01T19:07:46.000Z
- Description: Grab's Financial Services segment grew revenue 41% year on year to $84m in the second quarter of 2025 as loans disbursed rose 44% to $721m, though the segment remained loss-making at adjusted EBITDA level.
- Author: TGB Editorial Team
- Tags: Fintech, Asia-Pacific, #archive

Grab Holdings reported on 31 July 2025 that revenue from its Financial Services segment rose 41% year on year to $84 million in the second quarter of 2025, or 38% on a constant currency basis. The Singapore-based company's segment covers its payments, lending and digital banking businesses across South-east Asia.

#### LENDING DRIVES GROWTH

Total loans disbursed grew 44% year on year to $721 million in the quarter, while Grab's loan portfolio rose 78% to $708 million from $397 million a year earlier. Customer deposits at its digital banks, GXS Bank and GXBank, reached $1,543 million, more than double the $730 million recorded a year earlier.

The Financial Services segment remained loss-making, with Segment Adjusted EBITDA losses widening 8% year on year to minus $26 million as expected credit loss provisions increased alongside higher loan disbursals. Grab said 90-day non-performing loans remained within its risk appetite and reiterated that it expects the overall Financial Services segment to reach Segment Adjusted EBITDA breakeven in the second half of 2026.

#### GROUP RESULTS

At group level, Grab's revenue rose 23% year on year to $819 million, or 19% in constant currency, and Adjusted EBITDA increased 69% to $109 million. The company reported a profit of $20 million for the quarter, compared with a loss of $68 million in the second quarter of 2024.

Deliveries revenue rose 23% to $439 million and Mobility revenue increased 19% to $295 million. Monthly transacting users grew 13% to 46.2 million. Grab guided for full-year 2025 revenue of $3.33 billion to $3.40 billion and Adjusted EBITDA of $460 million to $480 million.