As of Q3'25, Grab's cash and short-term investments reached 6.93B USD, while its debt stood at 1.82B USD. This marks a significant increase in both cash reserves and debt compared to the previous quarter, with cash rising from 6.97B USD in Q2'25 and debt decreasing slightly from 1.91B USD. From Q1'23 to Q3'25, Grab's cash and short-term investments exhibited a generally upward trajectory, despite some fluctuations, particularly a dip to 4.01B USD in Q1'24 followed by a strong recovery. Debt levels remained relatively stable and low through 2023 and early 2024, but saw a notable surge beginning in Q2'25. The overall trend suggests strengthening liquidity, though the recent rise in debt warrants close monitoring for potential impacts on financial leverage.