Continued Challenges in Grab Holding’s (GRAB) Newer Fintech Segment Weighed on its Performance

3 days ago 9

Soumya Eswaran

Thu, February 12, 2026 astatine 9:30 AM CST 3 min read

Sustainable Growth Advisers (SGA), an concern absorption company, released its fourth-quarter capitalist missive for its “Emerging Markets Growth Strategy.” A transcript of the missive tin beryllium downloaded here. The 4th fourth of 2025 marked beardown divergence from the market. Market enactment by AI beneficiaries and revival of cyclical sectors dominated the market, portion prime maturation strategies faced challenges. In Q4 2025, the portfolio returned 0.8% (Gross) and 0.6% (Net) compared to the MSCI EM Net TR Index instrumentality of 4.7% and the MSCI EM Growth Net TR Index instrumentality of 3.3%. In 2025, the portfolio delivered beardown returns of 23.8% (Gross) and 22.8% (Net) but lagged the 33.6% and 34.3% returns for the indexes, respectively. The portfolio projects 13% gross maturation and 16% net maturation annually for the adjacent 3 years. Please reappraisal the Strategy’s apical 5 holdings to summation insights into their cardinal selections for 2025.

In its fourth-quarter 2025 capitalist letter, SGA Emerging Markets Growth Strategy highlighted Grab Holdings Limited (NASDAQ:GRAB) arsenic a notable detractor from performance. Grab Holdings Limited (NASDAQ:GRAB) is simply a Singapore-based exertion institution operating superapps done deliveries, mobility, fiscal services, and different segments. On February 11, 2026, Grab Holdings Limited (NASDAQ:GRAB) banal closed astatine $4.23 per share. One-month instrumentality of Grab Holdings Limited (NASDAQ:GRAB) was -3.64%, and its shares are down 14.72% implicit the past 12 months. Grab Holdings Limited (NASDAQ:GRAB) has a marketplace capitalization of $17.288 billion.

SGA Emerging Markets Growth Strategy stated the pursuing regarding Grab Holdings Limited (NASDAQ:GRAB) successful its 4th fourth 2025 capitalist letter:

"Grab Holdings Limited (NASDAQ:GRAB) was a detractor during the 4th contempt delivering coagulated Q3 results and raising full-year gross guidance. The results were balanced crossed idiosyncratic and transaction growth, revenues, and margins, with maturation successful gross merchandise worth and monthly transacting users accelerating from past quarter. At the conception level maturation was coagulated successful mobility and deliveries, but challenges successful its newer fintech conception persisted arsenic operating losses accrued owed to higher provisions. Management guided for the fintech conception to breakeven by the 2nd fractional of 2026, and though we stay uncertain astir the timeline, rumors of a imaginable merger with rival GoTo would grow the size of Grab’s idiosyncratic basal and fintech opportunity. We judge Grab’s transportation and ridesharing businesses stay good positioned for predictable maturation and borderline enlargement opportunities supported by the company’s beardown brand, diversified platform, and standard advantages. We expect Grab to present high-teens gross maturation implicit the adjacent 3 years arsenic the institution continues to amended ratio and grow monetization opportunities. We added to the presumption during the quarter, maintaining an mean weight."