Grab expects breakeven for adjusted Ebitda in H2 2024, digibank operations in 2026

REGIONAL tech group Grab aims to break even by the second half of 2024 in its adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda), the company’s top brass announced at its inaugural investor day on Tuesday (Sep 27).

“We’re living in a time – all of us – where cash is scarce. There are a lot of unknowns out there in the marketplace. As a management team, we’re committed to preserve every dollar in our balance sheet today, and we will continue to look (at) ways to cut our costs,” chief financial officer Peter Oey told investors during his presentation.

Oey said that in the upcoming second-half ending in December, Grab anticipates a 27 per cent improvement in group adjusted Ebitda compared to H1. It also expects group revenue to grow by 45 to 55 per cent in 2023 on a constant currency basis.