As of Q4'25, GRAB reported a net income of USD 153M, marking its highest quarterly profit within the covered period from Q1'23 to Q4'25. The latest year-over-year ( YoY ) growth rate for net income reached 488.5%, indicating a substantial improvement compared to the same quarter in the previous year. Over the observed timeframe, GRAB's net income demonstrated a significant turnaround from consistent losses in 2023, including a low of -USD 244M in Q1'23, to achieving positive net income from Q4'23 onwards. The trend reveals a steady recovery, with intermittent setbacks in early 2024, followed by sustained profitability and accelerating YoY growth throughout 2025. The sharp increase in both net income and YoY growth in Q4'25 highlights a strong upward momentum and suggests effective operational improvements or strategic shifts driving financial performance.