In the latest period of Q4'25, GRAB's Gross Margin stood at 43.8%, Operating Margin reached 9.8%, and Net Profit Margin achieved a strong 19.0%, reflecting sustained profitability improvements across all metrics. Over the period from Q1'23 to Q4'25, the chart shows a clear upward trend in all margins, with Gross Margin steadily rising from 29.1% to 43.8% amid operational efficiencies; Operating Margin transitioned from deep losses of -36.4% to positive territory by Q4'24 and continued expanding to 9.8%; Net Profit Margin exhibited volatility, narrowing losses from -46.5% in Q1'23 to profitability in Q4'23, with a minor dip in Q1'24 before stabilizing and peaking at 19.0% in Q4'25, underscoring GRAB's path toward robust financial health.