Grab Holdings Limited (GRAB) Expands With Hesai Lidar Deal After Blowout Quarter

Grab Holdings Limited (NASDAQ:GRAB) is one of the champion overseas stocks to bargain close now. On February 12, Grab Holdings Limited (NASDAQ:GRAB) released the net for its December-ending quarter. For the quarter, Q4 FY2025, Grab posted $906 cardinal successful revenue, a 19 % summation twelvemonth implicit year. Management noted that the summation was driven by maturation crossed its work offerings.

According to Grab, nett for the play was $153 million, compared with $11 cardinal successful the anterior twelvemonth quarter. Adjusted EBITDA came successful astatine $148 million, up astir 54 % implicit the anterior twelvemonth period.

For the afloat year, Grab’s gross accrued by astir 20 % twelvemonth implicit twelvemonth to astir $3.37 billion. Profit reached $200 million, reversing a nonaccomplishment of $158 cardinal successful the FY2024, and adjusted EBITDA for the twelvemonth roseate to $500 million, up astir 60% twelvemonth implicit year.

Because of the exceptional performance, Grab’s Board authorized a stock repurchase programme of up to $500 million. The institution besides guided that for fiscal 2026, gross should autumn successful the scope of $4.04 cardinal and $4.10 cardinal and adjusted EBITDA of $700 cardinal to $720 million.

Meanwhile, connected February 4, Hesai Technology appointed Grab to beryllium the exclusive distributor of its lidar products crossed Southeast Asia. According to the details of the deal, Grab volition grip sales, lawsuit enactment and selling of Hesai’s lidar sensors passim the region.

Grab Holdings Limited (NASDAQ:GRAB) is simply a Singaporean institution that operates Southeast Asia’s starring superapp. The superapp offers ride-hailing, nutrient delivery, integer payments, and fiscal services crossed aggregate countries successful the region.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.