SINGAPORE, Aug 4, 2026 — Grab Holdings Limited reported a sharp rise in second-quarter profit to $235 million, compared to $20 million a year earlier, driven by higher finance income and tax benefits.
The increase was largely due to a $334 million rise in finance income, including a one-off $307 million gain from the consolidation of Indonesia’s Superbank, and a $66 million favorable movement in income tax expense. This was partly offset by $183 million in fair-value losses on financial assets and liabilities.
Superbank
Revenue grew 22% year-on-year to $997 million, while operating profit rose to $19 million from $7 million. On-Demand gross merchandise value expanded 21% to $6.5 billion, with monthly transacting users up 17% to 53.9 million. Adjusted EBITDA climbed 54% to $168 million, with margins widening to 16.9%.
Separately, Grab’s board authorized a new share-repurchase program of up to $750 million.
