Grab Eyes Triple Profit Growth After First Black Year

After bleeding money for over a decade, Southeast Asia's ride-hailing giant Grab finally turned its first annual profit in 2025. Now it wants to triple that figure by 2028.

The Singapore-based super-app announced its ambitious growth plan following what it called a milestone year that ended in December 2025. While specific profit numbers remain under wraps, the company's $1.1 billion revenue in 2024 provides a baseline for measuring this dramatic turnaround.

The Long Road to Profitability

Grab's journey to black ink wasn't easy. The company burned through billions in investor cash while battling local competitors across Southeast Asia's fragmented markets. From Indonesia's GoTo to Thailand's regional players, the competition was fierce and expensive.

But 2025 marked a turning point. The company achieved what many thought impossible—sustainable profitability while maintaining growth across its core ride-hailing and food delivery businesses.

Betting Big on Tomorrow's Tech

The profit milestone isn't making Grab complacent. The company plans to pour resources into autonomous driving technology and expand across Southeast Asia's 680 million consumers. It's a classic tech playbook: use today's profits to fund tomorrow's disruption.

"Organic growth" is the buzzword, but Grab's definition includes aggressive tech investments that could reshape transportation across the region. The company sees autonomous vehicles as a game-changer for unit economics—fewer human drivers means higher margins.

Winners and Losers in the Platform Wars

For investors, Grab's turnaround validates the Southeast Asian tech story. Early backers who weathered years of losses are finally seeing returns. But the real winners might be consumers, who've benefited from years of subsidized rides and deliveries.

The losers? Traditional taxi operators and local delivery services that couldn't match Grab's scale and technology. As the platform consolidates its dominance, smaller players face an increasingly uphill battle.