In Q4'25, Grab's operating cash flow reached $93M USD, marking a strong recovery from the negative -$101M in Q3'25 and contributing to positive cash generation for the period. Free cash flow for the same quarter stood at $54M USD, reflecting improved liquidity after a dip into negative territory earlier in the year. Over the timeframe from Q1'23 to Q4'25, operating cash flow exhibited volatility, starting with losses of -$151M in Q1'23 and -$43M in Q2'23 before surging to $328M in Q3'23 and stabilizing with mostly positive figures averaging around $200M-$300M in 2024, though Q3'25 saw a notable decline to -$101M possibly due to seasonal or operational factors. Free cash flow followed a similar trajectory, improving from early negatives to peaks of $329M in Q3'24, with an overall upward trend toward positive territory by late 2025, highlighting enhanced capital efficiency despite intermittent setbacks. This bar chart underscores a maturing cash flow profile for GRAB, with sustained positivity in recent quarters signaling potential for further stability.