In the latest data point for Q1'26, GRAB reported a Gross Margin of 43.4%, an Operating Margin of 7.33%, and a Net Profit Margin of 12.6%. While these figures reflect a slight sequential decline from the Q4'25 peaks, they demonstrate a substantial year-over-year improvement compared to the negative margins observed in early 2024. From Q2'23 to Q1'26, the company exhibits a consistent upward trend in profitability, successfully pivoting from heavy losses to sustained positive territory. Gross Margin expanded from 33.7% to over 43%, while Operating and Net Profit Margins transitioned from significant deficits—reaching as low as -27.5% and -23.8% respectively—to a stable positive outlook. A notable inflection point occurred in Q4'24, marking the beginning of consistent positive Operating Margins and signaling improved operational efficiency.