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.