As of Q4'25, GRAB reported an operating income of 89M USD, marking its highest level in the period covered. The year-over-year growth rate for operating income in this quarter was 134.2%, indicating a strong improvement compared to the same period last year. From Q1'23 to Q4'25, GRAB's operating income showed a significant turnaround, moving from a loss of -191M USD in Q1'23 to sustained profitability starting in Q4'24. The trend reveals a consistent reduction in losses throughout 2023 and 2024, with the company turning positive in Q4'24 and maintaining growth through 2025. Year-over-year growth rates accelerated sharply after Q4'24, peaking at 436.8% in Q3'25, reflecting both the recovery from prior losses and robust operational improvements.