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Posted by
Two Blokes May 4 -
Filed in
Stock
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3 views
Despite macro concerns, Grab's stock has shown resilience, recovering to $4.8, after Trump's tariff pause and solid 1Q25 results & EBITDA guidance upgrade. Adjusted EBITDA reached a record $106M, marking the 13th consecutive quarter of improvement. Prior investment in new products like Saver Deliveries/FoodMart has started paying off, boosting MTUs to a new high. Some kitchen sinking in Financial Services (FS) with EBITDA losses expanded on increased NPL provisioning. Management sees no deterioration in NPL, suggesting potential write back in future quarters.
