Record Growth in Monthly Transacting Users and GMV
Achieved a 6 million year-over-year increase in monthly transacting users to 48 million, driving a 24% year-on-year increase in on-demand GMV.
Strong Profitability Improvement
Group adjusted EBITDA rose 51% year-on-year to a record $136 million, marking the 15th consecutive quarter of sequential profitability improvement.
Significant Improvement in Free Cash Flow
Adjusted free cash flow improved by $185 million year-on-year to $283 million on a trailing 12-month basis.
Positive Outlook for Financial Services
On track for the financial services loan portfolio to exceed $1 billion by year-end, with loan dispersals up 56% year-over-year.
Expansion of GrabMart and Quick Commerce Initiatives
GrabMart is growing at 1.5x the rate of food delivery, with experiments in quick commerce in Malaysia and Indonesia showing promising results.