On Indonesia, it's a key market for us. Our business continues to perform strongly there. It remains a very competitive market. But what we're seeing is that the product-led growth strategy that we've been talking about for the last few quarters is driving an increase in MTUs for both deliveries and mobility. Particularly, the affordability strategy is bringing in a lot of Grab bike and Grab car saver users at the lower end of the pricing ladder. And at the top end, Indonesia still has a lot of wealthy customers, and we've launched Grab Executive there for mobility. And there's a lot of domestic tourism and business travel, which is helping drive our high-value rides and our priority food delivery services. We're also growing GrabMart, which is helping to drive those elevated levels of the delivery at GMV growth that we're seeing. So overall, it's a reflection, a microcosm of what we're doing across the group. I would say you can't see these in the numbers, but I can tell you that there's strong growth in Indonesia. and a strong sequential margin improvement as well. So we're very comfortable with what we're doing in terms of the market position and our penetration of the overall opportunity in Indonesia, which remains huge and something we continue to be excited about as we invest in that country.
Nov 4, 2025 / receipt, needs a key / Alex Hungate, President and Chief Operating Officer | earnings call 2025-11-04 | transcript 70a66365-7b2e-449f-8273-5ccd9bb4ad25 | chars 4951-6270 | segment 4
Mobility is also pacing strongly, as you saw, so 30% year-on-year GMV growth from high-value mobility rides. So these are the new services that we've launched, particularly advanced booking, which is very popular with both travelers and executives.
Nov 11, 2024 / receipt, needs a key / Alex Hungate, COO | earnings call 2024-11-11 | transcript c8b930d4-0433-498b-be06-8edb3f289fbe | chars 5382-5630 | segment 5
We are anticipating a strong second half mobility business. We're ramping up our driver supply base. We're ramping up premium driver supply base also as we anticipate the traveler segment also growing here in Southeast Asia.
Aug 15, 2024 / receipt, needs a key / Alex, CEO | earnings call 2024-08-15 | transcript 12390d70-e702-4406-8fe2-8ff2ae2ec381 | chars 43421-43645 | segment 44
We have been partnering with the Tourism Authority of Thailand to promote Thai tourism among local and foreign tourists and boosting economy through engagement activities and elevating travel experiences with Grab's mobility services.
May 15, 2024 / receipt, needs a key / Anthony Tan, CEO | earnings call 2024-05-15 | transcript 7d7bca38-c59c-45bb-af99-118f0115309b | chars 3012-3246 | segment 3
Our efforts to capitalize on growing inbound tourism through strategic initiatives over the past few quarters have paid off, such as partnerships with Ctrip, Alipay, WeChat, and Booking.com to target the traveler segment and improving brand visibility at major international airports across the region.
May 15, 2024 / receipt, needs a key / Alex Hungate, COO | earnings call 2024-05-15 | transcript 7d7bca38-c59c-45bb-af99-118f0115309b | chars 10172-10474 | segment 10
Our investments in travelers are paying off, and there's still upside left in traveler demand, especially from China. So you heard earlier that the mobility traveler MTUs and spend grew by 69% and 80% year on year. And that was definitely a driver, particularly for premium travelers.
May 15, 2024 / receipt, needs a key / Alex, CEO | earnings call 2024-05-15 | transcript 7d7bca38-c59c-45bb-af99-118f0115309b | chars 29738-30022 | segment 29
Travelers year on year is up. So that obviously was a positive as well.
May 15, 2024 / receipt, needs a key / Peter, other | earnings call 2024-05-15 | transcript 7d7bca38-c59c-45bb-af99-118f0115309b | chars 44715-44786 | segment 44
“ GrabCar ” refers to our ride-hailing booking service, which enables private hire driver-partners to accept bookings through our driver-partner application, and includes various localized offerings including premium cars (GrabCar Premium), cars equipped to transport persons with mobility needs (GrabAssist), cars equipped with child seats (GrabFamily), and luxury vans for airport or business travelers (GrabExec);
filing / Mar 6, 2026 / receipt
External factors, such as pandemic or other disease outbreak, related travel restrictions or mandatory remote work, could also harm our recruitment efforts and impact productivity.
filing / Mar 6, 2026 / receipt
We intend to continue to drive cost efficiency across our corporate functions as we scale. 90 Table of Contents Research and development expenses (in $ millions, unless otherwise stated) Year Ended December 31, 2024-2025 2025 2024 % Change Research and development expenses 428 410 4 % Percentage of revenue 13 % 15 % Research and development expenses increased by $18 million, or 4%, to $428 million in
filing / Mar 6, 2026 / receipt
Grab for Business also offers integration with certain corporate expense management systems, making it easier and more seamless for employees to claim work-related spend on Grab’s offerings.
filing / Mar 6, 2026 / receipt
“ GrabCar ” refers to our ride-hailing booking service, which enables private hire driver-partners to accept bookings through our driver-partner application, and includes various localized offerings including premium cars (GrabCar Premium), cars equipped to transport persons with mobility needs (GrabAssist), cars equipped with child seats (GrabFamily), and luxury vans for airport or business travelers (GrabExec);
filing / Mar 6, 2026 / receipt
External factors, such as pandemic or other disease outbreak, related travel restrictions or mandatory remote work, could also harm our recruitment efforts and impact productivity.
filing / Mar 6, 2026 / receipt
We intend to continue to drive cost efficiency across our corporate functions as we scale. 90 Table of Contents Research and development expenses (in $ millions, unless otherwise stated) Year Ended December 31, 2024-2025 2025 2024 % Change Research and development expenses 428 410 4 % Percentage of revenue 13 % 15 % Research and development expenses increased by $18 million, or 4%, to $428 million in
filing / Mar 6, 2026 / receipt
Grab for Business also offers integration with certain corporate expense management systems, making it easier and more seamless for employees to claim work-related spend on Grab’s offerings.
filing / Mar 6, 2026 / receipt
Anthony Tan Ping Yeow | 44 | Founder, Chairman and Chief Executive Officer
filing / Mar 6, 2026 / receipt
Alex Hungate | 59 | President and Chief Operating Officer(1)
filing / Mar 6, 2026 / receipt
Peter Oey | 55 | Chief Financial Officer and Director(1)
filing / Mar 6, 2026 / receipt
Ong Chin Yin | 51 | Chief Organisation Capability Officer
filing / Mar 6, 2026 / receipt
| Alex Hungate | COO | - | receipt |
| Anthony Tan | CEO | - | receipt |
| Daniel Yun | Independent Director | - | receipt |
| Dara Khosrowshahi | Independent Director | - | receipt |
| John Rogers | Independent Director | - | receipt |
| Laura Susan Franco | Independent Director | - | receipt |
| Ong Chin Yin | Chief Organisation Capability Officer | - | receipt |
| Peter Oey | Chief Financial Officer and Director(1) | - | receipt |
| Peter Owee | Chief Financial Officer | - | receipt |
| Philipp Kandal | Chief Product Officer | - | receipt |
| Steven Howard Tishman | Independent Director | - | receipt |
| Suthen Thomas Paradatheth | Chief Technology Officer | - | receipt |
| 2026-11-03 | earnings call | scheduled | ir |