GRAB HOLDINGS LTD, 20-F filed on 3/6/2026
Annual and Transition Report (foreign private issuer)
v3.25.4
Cover
12 Months Ended
Dec. 31, 2025
shares
Document Information [Line Items]  
Document Type 20-F
Document Registration Statement false
Document Annual Report true
Document Period End Date Dec. 31, 2025
Current Fiscal Year End Date --12-31
Document Transition Report false
Document Shell Company Report false
Entity File Number 001-41110
Entity Registrant Name GRAB HOLDINGS LIMITED
Entity Incorporation, State or Country Code E9
Entity Address, Address Line One 3 Media Close, #01-03/06
Entity Address, City or Town Singapore
Entity Address, Country SG
Entity Address, Postal Zip Code 138498
Entity Well-known Seasoned Issuer Yes
Entity Voluntary Filers No
Entity Current Reporting Status Yes
Entity Interactive Data Current Yes
Entity Filer Category Large Accelerated Filer
Entity Emerging Growth Company false
ICFR Auditor Attestation Flag true
Document Financial Statement Error Correction false
Document Accounting Standard International Financial Reporting Standards
Entity Shell Company false
Amendment Flag false
Document Fiscal Year Focus 2025
Document Fiscal Period Focus FY
Entity Central Index Key 0001855612
Class A ordinary shares  
Document Information [Line Items]  
Title of 12(b) Security Class A ordinary shares, par value $0.000001 per share
Trading Symbol GRAB
Security Exchange Name NASDAQ
Entity Common Stock, Shares Outstanding (in shares) 3,969,290,878
Warrants (Note 15)  
Document Information [Line Items]  
Title of 12(b) Security Warrants, each exercisable for one Class A ordinary share at an exercise price of $11.50
Trading Symbol GRABW
Security Exchange Name NASDAQ
Entity Common Stock, Shares Outstanding (in shares) 25,999,981
Class B ordinary shares  
Document Information [Line Items]  
Entity Common Stock, Shares Outstanding (in shares) 128,355,800
Business Contact  
Document Information [Line Items]  
Entity Address, Address Line One 3 Media Close, #01-03/06
Entity Address, City or Town Singapore
Entity Address, Country SG
Entity Address, Postal Zip Code 138498
Contact Personnel Name Liam Barker
City Area Code 855
Local Phone Number 739-7864
Contact Personnel Email Address investor.relations@grab.com
v3.25.4
Audit Information
12 Months Ended
Dec. 31, 2025
Audit Information [Abstract]  
Auditor Firm ID 1051
Auditor Name KPMG LLP
Auditor Location Singapore
v3.25.4
Consolidated statement of financial position - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Non-current assets    
Property, plant and equipment $ 831 $ 567
Intangible assets and goodwill 1,057 975
Associates and joint venture 309 131
Deferred tax assets 85 67
Other investments 1,023 765
Loan receivables in the financial services segment 420 105
Deposits, prepayments and other assets 178 119
Non-current assets 3,903 2,729
Current assets    
Inventories 87 59
Trade and other receivables 240 206
Loan receivables in the financial services segment 760 431
Deposits, prepayments and other assets 189 241
Other investments 3,371 2,665
Cash and cash equivalents 3,433 2,964
Current assets 8,080 6,566
Total assets 11,983 9,295
Equity    
Share capital and share premium 23,861 23,549
Reserves 337 197
Accumulated losses (17,470) (17,347)
Equity attributable to owners of the Company 6,728 6,399
Non-controlling interests 29 (48)
Total equity 6,757 6,351
Non-current liabilities    
Loans and borrowings 373 241
Provisions 22 20
Other liabilities 169 66
Deferred tax liabilities 35 25
Non-current liabilities 599 352
Current liabilities    
Loans and borrowings 1,680 123
Provisions 25 41
Trade payables and other liabilities 1,256 1,169
Deposits from customers in the banking business 1,629 1,225
Current tax liabilities 37 34
Current liabilities 4,627 2,592
Total liabilities 5,226 2,944
Total equity and liabilities $ 11,983 $ 9,295
v3.25.4
Consolidated statement of profit or loss and other comprehensive income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Profit or loss [abstract]      
Revenue $ 3,370 $ 2,797 $ 2,359
Cost of revenue (1,914) (1,623) (1,499)
Other income 20 17 17
Sales and marketing expenses (367) (324) (293)
General and administrative expenses (459) (512) (550)
Research and development expenses (428) (410) (421)
Net impairment losses on financial assets (140) (95) (72)
Other expenses (5) (4) (4)
Restructuring costs (12) (14) (56)
Operating profit/ (loss) 65 (168) (519)
Finance income 240 187 198
Finance costs (71) (106) (99)
Net change in fair value of financial assets and liabilities 34   (39)
Net finance income 203 81 60
Share of profit/ (loss) of equity-accounted investees (net of tax) 1 (8) (7)
Profit/ (loss) before income tax 269 (95) (466)
Income tax expense (69) (63) (19)
Profit/ (loss) for the year 200 (158) (485)
Items that will not be reclassified to profit or loss:      
Defined benefit plan remeasurements     2
Put liabilities at FVOCI – net change in fair value 10 (19) (24)
Items that are or may be reclassified subsequently to profit or loss:      
Foreign currency translation differences – foreign operations 111 (2) 7
Debt investments at FVOCI - net change in fair value (1) 0 0
Other comprehensive income/ (loss) for the year, net of tax 120 (21) (15)
Total comprehensive income/ (loss) for the year 320 (179) (500)
Profit/ (loss) attributable to:      
Owners of the Company 268 (105) (434)
Non-controlling interests (68) (53) (51)
Profit/ (loss) for the year 200 (158) (485)
Total comprehensive income/ (loss) attributable to:      
Owners of the Company 370 (126) (448)
Non-controlling interests (50) (53) (52)
Total comprehensive income/ (loss) for the year $ 320 $ (179) $ (500)
Earnings/ (loss) per share      
Basic earnings/ (loss) per share (in USD per share) $ 0.07 $ (0.03) $ (0.11)
Diluted earnings/ (loss) per share (in USD per share) $ 0.06 $ (0.03) $ (0.11)
v3.25.4
Consolidated statement of changes in equity - USD ($)
$ in Millions
Total
Equity attributable to owners of the Company
Share capital
Share premium
Accumulated losses
Other reserve
Share-based payment reserve
Foreign currency translation reserve
Non- controlling interests
Beginning balance at Dec. 31, 2022 $ 6,657 $ 6,603   $ 22,278 $ (16,277) $ 153 $ 516 $ (67) $ 54
Total comprehensive loss for the year                  
Profit for the year (485) (434)     (434)       (51)
Other comprehensive income                  
Exchange differences on translation of foreign operations 7 (1)           (1) 8
Defined benefit plan remeasurements 2 2     2        
Debt investments and put liabilities at FVOCI – net change in fair value (24) (15)       (15)     (9)
Other comprehensive income/ (loss) for the year, net of tax (15) (14) $ 0 0 2 (15) 0 (1) (1)
Total comprehensive income/ (loss) for the year (500) (448) 0 0 (432) (15) 0 (1) (52)
Contributions by owners                  
Share options exercised/restricted stock units vested 24 24   370     (346)    
Share-based payment 304 304         304    
Total contributions by owners 328 328   370 0 0 (42) 0 0
Changes in ownership interests in subsidiaries                  
Changes in non-controlling interests without a loss of control (17) (34)   21 (55)       17
Total changes in ownership interests in subsidiaries (17) (34)   21 (55) 0 0 0 17
Total transactions with owners 311 294   391 (55) 0 (42) 0 17
Ending balance at Dec. 31, 2023 6,468 6,449   22,669 (16,764) 138 474 (68) 19
Total comprehensive loss for the year                  
Profit for the year (158) (105)     (105)       (53)
Other comprehensive income                  
Exchange differences on translation of foreign operations (2) (8)           (8) 6
Debt investments and put liabilities at FVOCI – net change in fair value (19) (13)     1 (14)     (6)
Other comprehensive income/ (loss) for the year, net of tax (21) (21) 0 0 1 (14) 0 (8) 0
Total comprehensive income/ (loss) for the year (179) (126) 0 0 (104) (14) 0 (8) (53)
Contributions by owners                  
Share options exercised/restricted stock units vested 25 25   394     (369)    
Share-based payment 287 287         287    
Repurchase and retirement of ordinary shares (226) (226)     (226)        
Total contributions by owners 86 86 0 394 (226) 0 (82) 0 0
Changes in ownership interests in subsidiaries                  
Changes in non-controlling interests without a loss of control (24) (10)   486 (253) (243)     (14)
Total changes in ownership interests in subsidiaries (24) (10)   486 (253) (243) 0 0 (14)
Total transactions with owners 62 76   880 (479) (243) (82) 0 (14)
Ending balance at Dec. 31, 2024 6,351 6,399   23,549 (17,347) (119) 392 (76) (48)
Total comprehensive loss for the year                  
Profit for the year 200 268     268       (68)
Other comprehensive income                  
Exchange differences on translation of foreign operations 111 97           97 14
Debt investments and put liabilities at FVOCI – net change in fair value 9 5       5     4
Other comprehensive income/ (loss) for the year, net of tax 120 102 0 0   5 0 97 18
Total comprehensive income/ (loss) for the year 320 370 $ 0 0 268 5 0 97 (50)
Contributions by owners                  
Increase (decrease) through acquisition of subsidiary, equity (9) (16)       (16)     7
Share options exercised/restricted stock units vested 23 21   312     (291)   2
Share-based payment 249 249         249    
Repurchase and retirement of ordinary shares (274) (274)     (274)        
Total contributions by owners (11) (20)   312 (274) (16) (42) 0 9
Changes in ownership interests in subsidiaries                  
Changes in non-controlling interests without a loss of control 97 (21)   0 (117) 96     118
Total changes in ownership interests in subsidiaries 97 (21)   0 (117) 96 0 0 118
Total transactions with owners 86 (41)   312 (391) 80 (42) 0 127
Ending balance at Dec. 31, 2025 $ 6,757 $ 6,728   $ 23,861 $ (17,470) $ (34) $ 350 $ 21 $ 29
v3.25.4
Consolidated statement of cash flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Profit/ (loss) before income tax $ 269 $ (95) $ (466)
Adjustments for:      
Amortization of intangible assets 32 25 17
Depreciation of property, plant and equipment 145 122 128
Impairment of property, plant and equipment   0  
Equity-settled share-based payments 241 279 304
Finance costs 71 106 99
Net change in fair value of financial assets and liabilities (34)   39
Net impairment loss on financial assets 140 95 72
Finance income (240) (187) (198)
Loss/ (gain) on disposal of property, plant and equipment 1 (10) (11)
Share of (profit)/ loss of equity-accounted investees (net of tax) (1) 8 7
Change in provisions (18) 4 1
Dividend income (7) 0 0
Cash flows from (used in) operations before changes in working capital 599 347 (8)
Changes in:      
- Inventories (9) (9) (1)
- Deposits pledged (69) (18) (22)
- Trade and other receivables (10) (97) (11)
- Loan receivables in the financial services segment (691) (276) (184)
- Trade payables and other liabilities 40 120 (7)
- Deposits from customers in the banking business 308 843 364
Cash from operations 168 910 131
Income tax paid (89) (58) (45)
Net cash from operating activities 79 852 86
Cash flows from investing activities      
Acquisition of property, plant and equipment (97) (77) (71)
Purchase of intangible assets (26) (36) (21)
Proceeds from disposal of property, plant and equipment 16 26 28
Acquisition of additional interests in associates and joint venture (145) (43) 0
Proceeds from disposal of subsidiaries 1 0 0
Acquisition of subsidiaries with non-controlling interests, net of cash acquired (100) (23) 0
Receipt of co-investing arrangement loan receivable 0 93 0
(Acquisitions of)/ net proceeds from sale of other investments (609) (362) 1,752
Interest received 171 191 183
Dividend received 7 0 0
Net cash (used in)/ from investing activities (782) (231) 1,871
Cash flows from financing activities      
Proceeds from share-based payment arrangements 24 25 16
Repurchase and retirement of ordinary shares (274) (226) 0
Proceeds from bank loans 193 120 116
Repayment of bank loans (260) (635) (765)
Payment of lease liabilities (52) (46) (39)
Proceeds from the issuance of convertible notes 1,500 0 0
Transaction costs related to the issuance of convertible notes (22) 0 0
Acquisition of non-controlling interests without change in control (130) (60) (27)
Proceeds from subscription of shares in subsidiaries by non-controlling interests without change in control 126 36 10
Deposits released/ (pledged) 16 49 (1)
Interest paid (26) (34) (80)
Net cash from/ (used in) financing activities 1,095 (771) (770)
Net increase/ (decrease) in cash and cash equivalents 392 (150) 1,187
Cash and cash equivalents at January 1 2,964 3,138 1,952
Effect of exchange rate fluctuations on cash held 77 (24) (1)
Cash and cash equivalents at December 31 $ 3,433 $ 2,964 $ 3,138
v3.25.4
Domicile and activities
12 Months Ended
Dec. 31, 2025
Domicile And Activities [Abstract]  
Domicile and activities Domicile and activities
Grab Holdings Limited (the “Company” or “GHL”), is domiciled in the Cayman Islands. The Company’s registered office is at Harbour Place, 2nd Floor, 103 South Church Street, P.O. Box 472, George Town, KYI-1106, Cayman Islands. The principal executive office of the Company is 3 Media Close, #01-03/06, Singapore 138498.
These consolidated financial statements comprise the Company and its subsidiaries (together referred to as the “GHL Group” or the “Group” and individually as “Group entities”) and the Group’s interest in equity-accounted investees.
The GHL Group enables access to deliveries, mobility, financial services and other offerings primarily in Southeast Asia through its mobile applications (the “Grab Platform”).
v3.25.4
Basis of preparation
12 Months Ended
Dec. 31, 2025
Basis Of Presentation [Abstract]  
Basis of preparation Basis of preparation
2.1.               Statement of compliance
The consolidated financial statements have been prepared in accordance with the IFRS Accounting Standards as issued by the International Accounting Standards Board (IFRS Accounting Standards). Details of the Group’s accounting policies, including changes thereto, are included in Notes 2.5 and 3.
2.2.               Basis of measurement
These consolidated financial statements have been prepared on the historical cost basis except as otherwise indicated in the accounting policies.
2.3.               Functional and presentation currency
These consolidated financial statements are presented in United States dollars ($), which is the Company’s functional currency. All information presented in $ have been rounded to the nearest million, unless otherwise stated.
2.4.               Use of estimates and judgments
In preparing these consolidated financial statements, management has made judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the year in which the estimates are revised and in any future years affected.
Information about critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the consolidated financial statements is included in the following notes:
Notes 3.11 and 19 – Revenue recognition: principal vs. agent considerations and customer identification
Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment to the carrying amounts within the next financial year are included in the following notes:
Note 5 – Impairment test of intangible assets and goodwill: key assumptions underlying recoverable amounts;
Notes 3.4(i) and 25 – Measurement of expected credit losses (“ECL”) for financial assets;
Notes 14 and 28 – Recognition and measurement of provisions and contingencies: key assumptions about the likelihood and magnitude of an outflow of resources;
Note 13 and 25 - Measurement of convertible notes- determining the fair value of embedded derivative on the basis of significant unobservable inputs and
Note 17 - recognition of deferred tax assets: availability of future taxable profit against which deductible temporary differences and tax losses carried forward can be utilized.
Measurement of fair values
A number of the Group’s accounting policies and disclosures require the measurement of fair values, for both financial and non-financial assets and liabilities.
As part of an established control framework, significant unobservable inputs and valuation adjustments are regularly reviewed. If third-party information, such as broker quotes or pricing services, is used to measure fair values, such information is assessed to support the conclusion that such valuations meet the requirements of the IFRS Accounting Standards, including the level in the fair value hierarchy in which such valuations should be classified. When measuring the fair value of an asset or a liability, the Group uses observable market data as far as possible. Fair values are categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows:
Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices).
Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).
If the inputs used to measure the fair value of an asset or a liability fall into different levels of the fair value hierarchy, then the fair value measurement is categorized in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement (with Level 3 being the lowest).
The Group recognizes transfers between levels of the fair value hierarchy as of the end of the reporting year during which the change has occurred.
Further information about the assumptions made in measuring fair values is included in the following notes:
Note 5 – Intangible assets and goodwill;
Note 18 – Share-based payment arrangements; and
Note 25 – Financial instruments.
2.5.               Change in accounting policies
The amended standard on Lack of Exchangeability (Amendments to IAS 21) adopted from January 1, 2025 does not have a material effect on the financial statements.
v3.25.4
Material accounting policies
12 Months Ended
Dec. 31, 2025
Disclosure Of Summary Of Material Accounting Policies [Abstract]  
Material accounting policies Material accounting policies
The Group has consistently applied the following accounting policies to all years presented in these consolidated financial statements except as described in Note 2.5, which addresses changes in accounting policies.
3.1.               Basis of consolidation
i)                   Business combinations
The Group accounts for business combinations using the acquisition method when the acquired set of activities and assets meets the definition of a business and control is transferred to the Group. In determining whether a particular set of activities and assets is a business, the Group assesses whether the set of assets and activities acquired includes, at a minimum, an input and substantive process and whether the acquired set has the ability to produce outputs.
The Group has an option to apply a ‘concentration test’ that permits a simplified assessment of whether an acquired set of activities and assets is not a business. The optional concentration test is met if substantially all the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets.
The Group measures goodwill at the date of acquisition, considering the following factors:
the fair value of the consideration transferred;
the recognized amount of any non-controlling interests (“NCI”) in the acquiree;
if the business combination is achieved in stages, the fair value of the pre-existing equity interest in the acquiree, over the net recognized amount (generally fair value) of the identifiable assets acquired and liabilities assumed.
Any goodwill that arises is tested annually for impairment.
The consideration transferred in the acquisition is generally measured at fair value, as are the identifiable net assets acquired. When the excess is negative, a bargain purchase gain is recognized immediately in profit or loss.
The consideration transferred does not include amounts related to the settlement of pre-existing relationships. Such amounts are generally recognized in profit or loss.
Any contingent consideration payable is recognized at fair value at the date of acquisition and included in the consideration transferred. If the contingent consideration that meets the definition of financial instruments is classified as equity, it is not remeasured and settlement is accounted for within equity. Otherwise, other contingent consideration is remeasured at fair value at each reporting date and subsequent changes to the fair value of the contingent consideration are recognized in profit or loss.
When share-based payments awards (replacement awards) are exchanged for awards held by the acquiree’s employees (acquiree’s awards) and related to past services, then all or a portion of the acquirer’s replacement awards is included in measuring the consideration transferred in the business combination. This determination is based on the market-based value of the replacement awards compared with the market-based value of the acquiree’s awards and the extent to which the replacement awards related to past and/or future service.
NCI that are present ownership interests and entitle their holders to a proportionate share of the acquiree’s net assets in the event of liquidation are measured either at fair value or at the NCI’s proportionate share of the recognized amounts of the acquiree’s identifiable net assets, at the date of acquisition. The measurement basis taken is elected on a transaction-by-transaction basis. All other NCI are measured at acquisition-date fair value, unless another measurement basis is required by IFRSs.
When the Group enters into a put option agreement with NCI shareholders in an existing subsidiary on their equity interests in that subsidiary, the Group recognizes a liability for the present value of the exercise price of the option that is expected to be settled in cash. If the NCI shareholders have present access to the returns until exercise of the option, the financial liability is recognized separately with a corresponding recognition within equity. Subsequent changes in the measurement of this liability are recognized within equity.
Costs related to the acquisition, other than those associated with the issue of debt or equity securities, that the Group incurs in connection with a business combination are expensed as incurred.
Changes in the Group’s interest in a subsidiary that do not result in a loss of control are accounted for as transactions with owners in their capacity as owners and therefore no adjustments are made to goodwill and no gain or loss is recognized in profit or loss. Adjustments to NCI arising from transactions that do not involve the loss of control are based on a proportionate amount of the net assets of the subsidiary.
ii)                  Subsidiaries
Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases.
The accounting policies of subsidiaries have been changed when necessary to align them with the policies adopted by the Group. Losses applicable to the NCI in a subsidiary are allocated to the NCI even if doing so causes the NCI to have a deficit balance.
iii)                 Loss of control
Upon the loss of control, the Group derecognizes the assets and liabilities of the subsidiary, any NCI, and the other components of equity related to the subsidiary. Any surplus or deficit arising on the loss of control is recognized in profit or loss. If the Group retains any interest in the former subsidiary, then such interest is measured at fair value at the date that control is lost.
iv)                 Investments in associates and joint ventures (equity-accounted investees)
Associates are those entities in which the Group has significant influence, but not control or joint control, over the financial and operating policies of these entities. Significant influence is presumed to exist when the Group holds 20% or more of the voting power of another entity. A joint venture is an arrangement in which the Group has joint control, whereby the Group has rights to the net assets of the arrangement, rather than rights to its assets and obligations for its liabilities.
Investments in associates and joint ventures are accounted for using the equity method. They are recognized initially at cost, which includes transaction costs. Subsequent to initial recognition, the consolidated financial statements include the Group’s share of the profit or loss and other comprehensive income (“OCI”) of equity-accounted investees, after adjustments to align the accounting policies with those of the Group, from the date that significant influence or joint control commences until the date that significant influence or joint control ceases.
When the Group’s share of losses exceeds its investment in an equity-accounted investee, the carrying amount of the investment, together with any long-term interests that form part thereof, is reduced to zero, and the recognition of further losses is discontinued except to the extent that the Group has an obligation to fund the investee’s operations or has made payments on behalf of the investee.
v)                 Transactions eliminated on consolidation
Intra-group balances and transactions, and any unrealized income or expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Unrealized gains arising from transactions with equity-accounted investees are eliminated against the investment to the extent of the Group’s interest in the investee. Unrealized losses are eliminated in the same way as unrealized gains, but only to the extent that there is no evidence of impairment.
3.2.               Foreign currency
i)                   Foreign currency transactions
Transactions in foreign currencies are translated to the respective functional currencies of Group entities at the exchange rates at the date of the transactions. Monetary assets and liabilities denominated in foreign currencies are translated to the functional currency at the exchange rate at the reporting date. Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated into the functional currency at the exchange rate when the fair value was determined. Non-monetary items that are measured based on historical cost in a foreign currency are translated at the exchange rate at the date of the transaction. Foreign currency differences are recognized in profit or loss and presented within finance costs.
Foreign currency differences arising from the translation of investment in equity securities designated as fair value to other comprehensive income (“FVOCI”) are recognized in OCI.
ii)                  Foreign operations
The assets and liabilities of foreign operations are translated to United States dollars at exchange rates at the reporting date. The income and expenses of foreign operations are translated to United States dollars at average exchange rates.
Foreign currency differences are recognized in OCI and presented in the foreign currency translation reserve in equity except to the extent that the translation difference is allocated to NCI. When a foreign operation is disposed of in its entirety or partially such that control, significant influence or joint control is lost, the cumulative amount in the translation reserve related to that foreign operation is reclassified to profit or loss as part of the gain or loss on disposal. When the Group disposes of only part of its interest in a subsidiary that includes a foreign operation while retaining control, the relevant proportion of the cumulative amount is reattributed to NCI. When the Group disposes of only part of its investment in an associate or joint venture that includes a foreign operation while retaining significant influence or joint control, the relevant proportion of the cumulative amount is reclassified to profit or loss.
When the settlement of a monetary item receivable from or payable to a foreign operation is neither planned nor likely to occur in the foreseeable future, foreign exchange gains and losses arising from such a monetary item that are considered to form part of a net investment in a foreign operation are recognized in OCI and are presented in the translation reserve in equity.
3.3.               Financial instruments
i)                   Recognition and initial measurement
Trade receivables are initially recognized when an unconditional right to consideration exists. All other financial assets and financial liabilities are initially recognized when the Group becomes a party to the contractual provisions of the instrument.
A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at fair value through profit or loss (“FVTPL”), transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price.
ii)                  Classification and subsequent measurement
a)Financial assets
On initial recognition, a financial asset is classified as measured at: amortized cost; FVOCI – debt investment; FVOCI – equity investment; or FVTPL.
Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting year following the change in the business model.
A financial asset is measured at amortized cost if it meets both of the following conditions and is not designated as at FVTPL:
it is held within a business model whose objective is to hold assets to collect contractual cash flows; and
its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL:
it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and
its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
On initial recognition of an equity investment that is not held-for-trading, the Group may irrevocably elect to present subsequent changes in the investment’s fair value in OCI. This election is made on an investment by investment basis.
All financial assets not classified as measured at amortized cost or FVOCI as described above are measured at FVTPL. This includes all derivative financial assets. On initial recognition, the Group may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise.
Financial assets – Business model assessment
The Group makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level because this best reflects the way the business is managed, and information is provided to management. The information considered includes:
the stated policies and objectives for the portfolio and the operation of those policies in practice. These include whether management’s strategy focuses on earning contractual interest income, maintaining a particular interest rate profile, matching the duration of the financial assets to the duration of any related liabilities or expected cash outflows or realizing cash flows through the sale of the assets;
how the performance of the portfolio is evaluated and reported to the Group’s management;
the risks that affect the performance of the business model (and the financial assets held within that business model) and how those risks are managed;
how managers of the business are compensated – e.g. whether compensation is based on the fair value of the assets managed or the contractual cash flows collected; and
the frequency, volume and timing of sales of financial assets in prior years, the reasons for such sales and expectations about future sales activity.
Transfer of financial assets to third parties in transactions that do not qualify for derecognition are not considered sales for this purpose, consistent with the Group’s continuing recognition of the assets.
Financial assets that are held-for-trading or are managed and whose performance is evaluated on a fair value basis are measured at FVTPL.
Financial assets – Assessment whether contractual cash flows are solely payments of principal and interest
For the purposes of this assessment, ‘principal’ is defined as the fair value of the financial asset on initial recognition. ‘Interest’ is defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks and costs (e.g. liquidity risk and administrative costs), as well as a profit margin.
In assessing whether the contractual cash flows are solely payments of principal and interest, the Group considers the contractual terms of the instrument. This includes assessing whether the financial asset contains a contractual term that could change the timing or amount of contractual cash flows such that it would not meet this condition. In making this assessment, the Group considers:
contingent events that would change the amount or timing of cash flows;
terms that may adjust the contractual coupon rate, including variable rate features;
prepayment and extension features; and
terms that limit the Group’s claim to cash flows from specified assets (e.g. non‑recourse features).
A prepayment feature is consistent with the solely payments of principal and interest criterion if the prepayment amount substantially represents unpaid amounts of principal and interest on the principal amount outstanding, which may include reasonable additional compensation for early termination of the contract. Additionally, for a financial asset acquired at a discount or premium to its contractual par amount, a feature that permits or requires prepayment at an amount that substantially represents the contractual par amount plus accrued (but unpaid) contractual interest (which may also include reasonable additional compensation for early termination) is treated as consistent with this criterion if the fair value of the prepayment feature is insignificant at initial recognition.
Financial assets – Subsequent measurement and gains and losses
Financial assets at FVTPL
These assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income, are recognized in profit or loss.
Financial assets at amortized cost
These assets are subsequently measured at amortized cost using the effective interest method. The amortized cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognized in profit or loss. Any gain or loss on derecognition is recognized in profit or loss.
Debt investments at FVOCI
These assets are subsequently measured at fair value. Interest income calculated using the effective interest method, foreign exchange gains and losses and impairment are recognized in profit or loss. Other net gains and losses are recognized in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss.
Equity investments at FVOCI
These assets are subsequently measured at fair value. Dividends are recognized as income in profit or loss unless the dividend clearly represents a recovery of part of the cost of the investment. Other net gains and losses are recognized in OCI and are never reclassified to profit or loss.
b)Financial liabilities – Classification, subsequent measurement and gains and losses
Financial liabilities are classified as measured at amortized cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognized in profit or loss. Directly attributable transaction costs are recognized in profit or loss as incurred.
Other financial liabilities are initially measured at fair value less directly attributable transaction costs. They are subsequently measured at amortized cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognized in profit or loss. These financial liabilities comprise loans and borrowings, bank overdrafts, and trade and other payables.
iii)                 Derecognition
a)Financial assets
The Group derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset.
Where the Group enters into transactions whereby it transfers assets recognized in its statement of financial position but retains either all or substantially all of the risks and rewards of the transferred assets, the transferred assets are not derecognized.
b)Financial liabilities
The Group derecognizes a financial liability when its contractual obligations are discharged or canceled or expire. The Group also derecognizes a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value.
On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognized in profit or loss.
iv)                 Offsetting
Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when the Group currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to realize the asset and settle the liability simultaneously.
v)                  Cash and cash equivalents
Cash and cash equivalents comprise cash balances and short-term deposits with maturities of three months or less from the date of acquisition that are subject to an insignificant risk of changes in their fair value and are used by the Group in the management of its short-term commitments. For the purpose of the consolidated statement of cash flows, bank overdrafts that are repayable on demand and that form an integral part of the Group’s cash management are included in cash and cash equivalents.
vi)                 Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of ordinary shares are recognized as a deduction from equity, net of any tax effects.
vii)                Warrants
Share purchase warrants issued by the Group are accounted for as derivative liabilities. The warrants are initially recognized at fair value, and in subsequent periods measured at fair value through profit or loss with any changes in fair value recognized in profit or loss until the warrants are exercised, redeemed, or expire.
viii)               Embedded derivative
An embedded derivative is a component of a hybrid contract that also includes a non-derivative host – with the effect that some of the cash flows of the combined instrument vary in a way similar to a stand-alone derivative.
Derivatives embedded in hybrid contracts with a financial asset host are not separated. The entire hybrid contract is classified and subsequently measured as either amortized cost or fair value as appropriate.
Derivatives embedded in hybrid contracts with hosts that are not financial assets (e.g. financial liabilities) are treated as separate derivatives when they meet the definition of a derivative, their risks and characteristics are not closely related to those of the host contracts and the host contracts are not measured at FVTPL.
If the hybrid contract is a quoted financial liability, instead of separating the embedded derivative, the Group generally designates the whole hybrid contract at FVTPL.
An embedded derivative is presented as a non-current asset or non-current liability if the remaining maturity of the hybrid instrument to which the embedded derivative relates is more than 12 months and is not expected to be realized or settled within 12 months.
The Group’s accounting policy is to allocate all of the transaction costs to, and deduct from, the carrying amount of the non-derivative host contract on initial recognition and measure the embedded derivative at fair value on initial recognition.
3.4.               Impairment
i)                   Non-derivative financial assets
The Group recognizes loss allowances for expected credit loss (“ECL”) on financial assets measured at amortized cost.
Loss allowances are measured on either of the following bases:
12-month ECLs: these are ECLs that result from default events that are possible within the 12 months after the reporting date (or for a shorter period if the expected life of the instrument is less than 12 months); or
Lifetime ECLs: these are ECLs that result from all possible default events over the expected life of a financial instrument or contract asset.
Simplified approach
The Group applies the simplified approach to provide for ECLs for all trade receivables. The simplified approach requires the loss allowance to be measured at an amount equal to lifetime ECLs.
General approach
The Group applies the general approach to provide for ECLs on all other financial instruments. Under the general approach, the loss allowance is measured at an amount equal to 12-month ECLs at initial recognition.
At each reporting date, the Group assesses whether the credit risk of a financial instrument has increased significantly since initial recognition. When credit risk has increased significantly since initial recognition, loss allowance is measured at an amount equal to lifetime ECLs.
When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Group’s historical experience and informed credit assessment and includes forward-looking information.
If credit risk has not increased significantly since initial recognition or if the credit quality of the financial instruments improves such that there is no longer a significant increase in credit risk since initial recognition, loss allowance is measured at an amount equal to 12-month ECLs.
The Group considers a financial asset to be in default when:
the borrower is unlikely to pay its credit obligations to the Group in full, without recourse by the Group to actions such as realizing security (if any is held); or
the financial asset is more than 90 days past due (more than 120 days past due for trade receivables).
Measurement of ECLs
ECLs are probability-weighted estimates of credit losses. Credit losses are measured at the present value of all cash shortfalls (i.e., the difference between the cash flows due to the Group in accordance with the contract and the cash flows that the Group expects to receive). ECLs are discounted at the effective interest rate of the financial asset.
Credit-impaired financial assets
At each reporting date, the Group assesses whether financial assets carried at amortized cost and debt investments at FVOCI are ‘credit-impaired’. A financial asset is ‘credit-impaired’ when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred.
Evidence that a financial asset is credit-impaired includes the following observable data:
significant financial difficulty of the borrower or issuer;
a breach of contract such as a default or being more than 90 days past due (more than 120 days past due for trade receivables);
the restructuring of a loan or advance by the Group on terms that the Group would not consider otherwise;
it is probable that the borrower will enter bankruptcy or another financial reorganization; or
the disappearance of an active market for a security because of financial difficulties.
Presentation of allowance for ECLs in the statement of financial position
Loss allowances for financial assets measured at amortized cost are deducted from the gross carrying amount of the assets.
Write-off
The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when the Group determines that the debtor does not have assets or sources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities to comply with the Group’s procedures for recovery of amounts due.
ii)                  Non-financial assets
The carrying amounts of the Group’s non-financial assets, other than inventories and deferred tax assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. Goodwill, and intangible assets that have indefinite useful lives or that are not yet available for use, are tested annually for impairment and the recoverable amount is estimated each year.
An impairment loss is recognized if the carrying amount of an asset or its related cash-generating unit (“CGU”) exceeds its estimated recoverable amount.
The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or CGUs. Subject to an operating segment ceiling test, for the purposes of goodwill impairment testing, CGUs to which goodwill has been allocated are aggregated so that the level at which impairment testing is performed reflects the lowest level at which goodwill is monitored for internal reporting purposes. Goodwill acquired in a business combination is allocated to groups of CGUs that are expected to benefit from the synergies of the combination.
The Group’s corporate assets do not generate separate cash inflows and are utilized by more than one CGU. Corporate assets are allocated to CGUs on a reasonable and consistent basis and tested for impairment as part of the testing of the CGU to which the corporate asset is allocated.
Impairment losses are recognized in profit or loss. Impairment losses recognized in respect of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to the CGU (group of CGUs), and then to reduce the carrying amounts of the other assets in the CGU (group of CGUs) on a pro rata basis.
An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognized in prior years are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized.
Goodwill that forms part of the carrying amount of an investment in an associate is not recognized separately, and therefore is not tested for impairment separately. Instead, the entire carrying amount is tested for impairment as a single asset when there is objective evidence that the investment in an associate may be impaired.
3.5.               Property, plant and equipment
i)                   Recognition and measurement
Property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses.
Cost includes expenditures that are directly attributable to the acquisition of the asset. The cost of self-constructed assets includes:
any other costs directly attributable to bringing the assets to a working condition for their intended use; and
when the Group has an obligation to remove the asset or restore the site, an estimate of the costs of dismantling and removing the items and restoring the site on which they are located.
Purchased software that is integral to the functionality of the related equipment is capitalized as part of that equipment.
When parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items (major components) of property, plant and equipment.
The gain or loss on disposal of an item of property, plant and equipment is recognized in profit or loss and presented within other expenses.
ii)                  Subsequent costs
The cost of replacing a component of an item of property, plant and equipment is recognized in the carrying amount of the item if it is probable that the future economic benefits embodied within the component will flow to the Group, and its cost can be measured reliably. The carrying amount of the replaced component is derecognized. The costs of the day-to-day servicing of property, plant and equipment are recognized in profit or loss as incurred and presented within cost of revenue and general and administrative expenses.
iii)                 Depreciation
Depreciation is based on the cost of an asset less its residual value. Significant components of individual assets are assessed and if a component has a useful life that is different from the remainder of that asset, that component is depreciated separately.
Depreciation is recognized as an expense in profit or loss on a straight-line basis over the estimated useful lives of each component of an item of property, plant and equipment, unless it is included in the carrying amount of another asset.
Depreciation is recognized from the date that the property, plant and equipment is installed and is ready for use, or in respect of internally constructed assets, from the date that the asset is completed and ready for use.
The estimated useful lives for the current and comparative years are as follows:
Computers
2 - 3 years
Building and renovation
3 - 5 years
Motor vehicles
5 - 10 years
Office and other equipment
4 - 5 years
Depreciation methods, useful lives and residual values are reviewed at the end of each reporting year and adjusted if appropriate.
3.6.               Intangible assets and goodwill
i)                   Recognition and measurement
a)Goodwill
Goodwill that arises upon the acquisition of subsidiaries is included in intangible assets. Goodwill is measured at cost less accumulated impairment losses. In respect of associates, the carrying amount of goodwill is included in the carrying amount of the investment, and an impairment loss on such an investment is not allocated to any assets, including goodwill, that form part of the carrying amount of the associates.
b)Research and development
Expenditure on research activities, undertaken with the prospect of gaining new scientific or technical knowledge and understanding is recognized in profit or loss as incurred.
Development activities involve a plan or design for the production of new or substantially improved products and processes. Development expenditures are capitalized only if development costs can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the Group intends to and has sufficient resources to complete development and to use or sell the asset. The expenditure capitalized includes the cost of material, direct labor and overhead costs that are directly attributable to preparing the asset for its intended use. Other development expenditures are recognized in profit or loss as incurred.
Capitalized development expenditures are measured at cost less accumulated amortization and accumulated impairment losses.
c)Other intangible assets
Other intangible assets, including trademarks and non-compete agreement that are acquired by the Group and have finite useful lives, are measured at cost less accumulated amortization and accumulated impairment losses. The non-compete agreement prohibits the counterparty from competing with Grab in multiple business verticals within Southeast Asia, including the ride-sharing industry.
ii)                  Subsequent expenditure
Subsequent expenditure is capitalized only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure, including expenditure on internally generated goodwill and brands is recognized in profit or loss as incurred and presented within general and administrative expenses.
iii)                 Amortization
Amortization is calculated based on the cost of the asset, less its residual value.
Amortization is recognized in profit or loss on a straight-line basis over the estimated useful lives of intangible assets, other than the non-compete agreement and goodwill, from the date that they are available for use. For the non-compete agreement, amortization was recognized based on a diminishing balance method that reflected the pattern in which future economic benefits arising from the non-compete agreement were expected to be consumed by the Group.
The estimated useful lives for the current and comparative years are as follows:
Trademarks
13 - 18 years
Non-compete agreement
4 years
Other intangible assets
3 - 5 years
Amortization methods, useful lives and residual values are reviewed at the end of each reporting year and adjusted if appropriate.
3.7.               Leases
At inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.
i)                   As a lessee
At commencement or on modification of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease component on the basis of its relative stand-alone prices. The Group recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.
The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term, unless the lease transfers ownership of the underlying asset to the Group by the end of the lease term or the cost of the right-of-use asset reflects that the Group will exercise a purchase option. In that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined on the same basis as those of property and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.
The right-of-use asset is subsequently stated at cost less accumulated depreciation and impairment losses.
The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group’s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the discount rate.
The Group determines its incremental borrowing rate by obtaining interest rates from various external financing sources and makes certain adjustments to reflect the terms of the lease and type of the asset leased.
Lease payments included in the measurement of the lease liability comprise the following:
fixed payments, including in-substance fixed payments;
variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date;
amounts expected to be payable under a residual value guarantee; and
the exercise price under a purchase option that the Group is reasonably certain to exercise, lease payments in an optional renewal period if the Group is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Group is reasonably certain not to terminate early.
The lease liability is measured at amortized cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Group’s estimate of the amount expected to be payable under a residual value guarantee, if the Group changes its assessment of whether it will exercise a purchase, extension or termination option or if there is a revised in-substance fixed lease payment.
When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.
The Group presents right-of-use assets that do not meet the definition of investment property in ‘property, plant and equipment’ and lease liabilities in ‘loans and borrowings’ in the statement of financial position.
Short-term leases and leases of low-value assets
The Group has elected not to recognize right-of-use assets and lease liabilities for leases of low-value assets and short-term leases. The Group recognizes the lease payments associated with these leases as an expense on a straight-line basis over the lease term.
ii)                  As a lessor
At inception or on modification of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease component on the basis of their relative standalone prices.
When the Group acts as a lessor, it determines at lease inception whether each lease is a finance lease or an operating lease.
To classify each lease, the Group makes an overall assessment of whether the lease transfers substantially all of the risks and rewards incidental to ownership of the underlying asset. If this is the case, then the lease is a finance lease; if not, then it is an operating lease. As part of this assessment, the Group considers certain indicators such as whether the lease is for the major part of the economic life of the asset.
When the Group is an intermediate lessor, it accounts for its interests in the head lease and the sub-lease separately. It assesses the lease classification of a sub-lease with reference to the right-of-use asset arising from the head lease, not with reference to the underlying asset. If a head lease is a short-term lease to which the Group applies the exemption described above, then it classifies the sub-lease as an operating lease.
If an arrangement contains lease and non-lease components, then the Group applies IFRS 15 to allocate the consideration in the contract.
The Group applies the derecognition and impairment requirements in IFRS 9 to the net investment in the lease. The Group further regularly reviews estimated unguaranteed residual values used in calculating the gross investment in the lease.
The Group leases motor vehicles to driver-partners who typically use the vehicles to provide transport and delivery services through Grab Platform. The Group recognizes lease payments received under operating leases as income on a straight-line basis over the lease term as part of ‘Revenue’. Rental income from lease of motor vehicles is presented as a part of ‘Mobility revenue (see Note 3.11(i))’.
3.8.               Inventories
Inventories are measured at the lower of cost and net realizable value. The cost of inventories is based on the first-in first-out or weighted average allocation methods depending on the nature of inventory, and includes expenditure incurred in acquiring the inventories, production or conversion costs, and other costs incurred in bringing them to their existing location and condition.
Net realizable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and estimated costs necessary to make the sale.
3.9.               Employee benefits
i)                   Defined contribution plans
A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognized as an employee benefit expense in profit or loss in the years during which related services are rendered by employees.
ii)                  Defined benefits plans
A defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The Group’s net obligation in respect of defined benefits plans is calculated separately for each plan by estimating the amount of future benefit that employees have earned in return for their service in the current and prior years that benefit is discounted to determine its present value. The fair value of any plan assets is deducted. The Group determines the net interest expense (income) on the net defined benefit liability (asset) for the year by applying the discount rate used to measure the defined benefit obligation at the beginning of the annual period to the net defined liability (asset).
The discount rate is the yield at the reporting date on bonds that have maturity dates approximating the terms of the Group’s obligations and that are denominated in the currency in which the benefits are expected to be paid.
The calculation is performed annually by a qualified actuary using the projected unit credit method. When the calculation results in a benefit to the Group, the recognized asset is limited to the present value of economic benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan. In order to calculate the present value of economic benefits, consideration is given to any minimum funding requirements that apply to any plan in the Group. An economic benefit is available to the Group if it is realizable during the life of the plan, or on settlement of the plan liabilities.
Remeasurements of the net defined benefit liability comprise actuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest). The Group recognizes them immediately in OCI and all expenses related to defined benefit plans in employee benefits expense in profit or loss. When the benefits of a plan are changed, or when a plan is curtailed, the portion of the changed benefit related to past service by employees, or the gain or loss on curtailment is recognized immediately in profit or loss when the plan amendment or curtailment occurs.
The Group recognizes gains and losses on the settlement of a defined benefit plan when the settlement occurs. The gain or loss on settlement is the difference between the present value of the defined benefit obligation being settled as determined on the date of settlement and the settlement price, including any plan assets transferred and any payments made directly by the Group in connection with the settlement.
iii)                 Short-term employee benefits
Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided. A liability is recognized for the amount expected to be paid under short-term cash bonus or profit-sharing plans if the Group has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee, and the obligation can be estimated reliably.
iv)                 Employee leave entitlement
Employee entitlements to annual leave are recognized when they accrue to employees. A provision is made for the estimated liability for annual leave as a result of services rendered by employees up to the reporting date.
v)                  Share-based payment transactions
The grant date fair value of equity-settled share-based payment awards granted to employee is recognized as an employee expense, with a corresponding increase in equity, over the period that the employees unconditionally become entitled to the awards. The amount recognized as an expense is adjusted to reflect the number of awards for which the related service and non-market performance conditions are expected to be met, such that the amount ultimately recognized as an expense is based on the number of awards that meet the related service and non-market performance conditions at the vesting date. For share-based payment awards with non-vesting conditions, the grant date fair value of the share-based payment is measured to reflect such conditions and there is no true-up for differences between expected and actual outcomes.
When the terms of an equity-settled award are modified, the minimum expense recognized is the grant date fair value of the unmodified award, provided the original vesting terms of the award are met. An additional expense, measured as at the date of modification, is recognized for any modification that increases the total fair value of the share-based payment transaction, or is otherwise beneficial to the employee. Where an award is canceled by the entity or by the counterparty, any remaining element of the fair value of the award is expensed immediately through profit or loss.
3.10.              Provisions
A provision is recognized if, as a result of a past event, the Group has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognized as a finance cost.
Provisions for dismantlement, removal and restoration are recognized when the Group has a present legal or constructive obligation as a result of past events, it is more likely than not that an outflow of resources will be required to settle the obligation and the amounts have been reliably estimated.
The Group recognizes the estimated costs of dismantlement, removal or restoration of items of property, plant and equipment arising from the acquisition or use of assets. This provision is estimated based on the best estimate of the expenditure required to settle the obligation, taking into consideration time value.
Changes in the estimated timing or amount of the expenditure or discount rate for asset dismantlement, removal and restoration costs are adjusted against the cost of the related property, plant and equipment, unless the decrease in the liability exceeds the carrying amount of the assets or the asset has reached the end of its useful life. In such cases, the excess of the decrease over the carrying amount of the asset or the changes in the liability is recognized in profit or loss immediately.
3.11.              Revenue
The Group recognizes revenue as or when it satisfies its service obligations. The Group earns revenue predominantly from the following services:
i)                   Revenue by segment
a)Deliveries
Fees earned from driver-partners, merchant-partners and consumers for connecting driver-partners and merchant-partners with consumers to facilitate delivery of a variety of daily necessities, including ready-to-eat meals and groceries, as well as point-to-point parcel delivery. Deliveries revenue also includes delivery fees charged to consumers in certain markets where the Group is responsible for delivery services, income earned from the sale of a variety of daily necessities through the operation of a chain of physical stores in certain markets, and advertising revenue arising from promoted listings and banner advertisements, enabling merchant-partners to promote their businesses on the Grab platform.
b)Mobility
Fees earned from driver-partners and consumers for connecting consumers with transportation rides provided by driver-partners across a variety of multi-modal mobility options, and advertising revenue arising from online and offline advertising solutions which include in-car product placements and mobile billboards. Mobility revenue also includes rental income from the leasing of motor vehicles to driver-partners, who typically use the vehicles to offer services through the Grab Platform (see Note 3.7(ii) for lease accounting as a lessor).
Deliveries and Mobility: principal vs. agent considerations and related revenue recognition
The Group enters into service agreements with driver-partners and merchant-partners to use the Grab Platform. A contract exists between the Group and the driver-partners and merchant-partners once they accept a transaction request and their ability to cancel the transaction lapses. The Group evaluates the presentation of revenue on a gross or net basis based on whether it acts as a principal by controlling the service provided to the consumer, or whether it acts as an agent by arranging for third parties to provide the service to the consumer.
The Group predominantly facilitates the provision of the service by driver-partners and merchant-partners to consumers, for the driver-partners and merchant-partners to fulfill their contractual promise to the consumers. The driver-partners and merchant-partners fulfill their promise to provide a service to their customer through use of the Grab Platform. While in these agreements the Group facilitates setting the price for services, the driver-partners and consumers have the discretion in accepting the transaction price through the Grab Platform. In these agreements, the Group is not responsible for fulfilling the services being provided to the consumer nor does the Group have inventory risk related to these services. With regard to these agreements, the Group has concluded that the Group is acting as an agent to facilitate the successful completion of delivery and transportation services by the driver-partners and merchant-partners to consumers.
In enabling connection in these agreements, the driver-partners, merchant-partners and consumers are considered the Group’s customers; with the Group having a separate performance obligation to each:
the driver-partners (to connect the drive-partners with consumers to facilitate and successfully complete transportation and delivery services),
the merchant-partners (to connect the merchant-partners with consumers to facilitate and successfully complete ordering services); and
the consumer (to connect the consumer with driver-partners and merchant-partners).
The Group recognizes fees on the completion of a successful transportation or delivery service by driver-partners and merchant-partners. With regard to these agreements, the Group recognizes revenue on a net basis, reflecting the fees owed to the Group from the driver-partners, merchant-partners and consumers as revenue, and not the gross amount collected from consumers.
In certain markets, the Group is responsible for delivery services to consumers and separately subcontracts with driver-partners or third-party couriers to perform the delivery on behalf of the Group. With regard to these agreements, the Group is the principal controlling the delivery services to consumers and therefore recognizes the delivery fees charged to consumers as revenue, with payments to driver-partners or third-party couriers recognized in 'Cost of revenue' (see Note 3.12).
c)Financial services
Financial services revenue predominantly comprises:
interest earned on loans and advances provided to merchant-partners, driver-partners and consumers, interest earned on loan receivables and investment securities through the digital banking business (see Note 3.3(ii) for measurement of financial assets at amortized cost), insurance distribution offerings, and associated advertising revenue.
fees earned from digital payment processing services charged to merchant-partners primarily based on the net value payments successfully completed through the Grab platform. Transaction fee revenue resulting from a payment processing transaction is recognized once the transaction is complete.
d)Others
A combination of multiple operating business activities that are not individually material. They include mapping services, autonomous vehicle services and last-mile delivery infrastructure. Revenue is recognized once the obligation to provide the service is satisfied.
ii)                  Incentives to customers
The Group evaluates the presentation of the incentives paid to customers based on whether the Group receives a separate identifiable benefit from the respective customer. The Group has concluded that it does not receive distinct goods or services from the respective customer and the incentives are therefore recorded as a reduction from fees received from the respective customer. To the extent that such incentives exceed the amount of fees received from the respective customer, the excess is recorded as negative revenue. For loyalty rewards offered to customers as part of revenue transactions, the Group defers a portion of the revenue based on the estimated standalone selling price of the loyalty rewards earned and recognizes the revenue as they are redeemed in future transactions or when the rewards expire.
3.12.              Expenses
The main components of the Group’s expenses by function are as follows:
i)Cost of revenue comprises expenses directly or indirectly attributable to the Group's Deliveries, Mobility, Financial Services and other offerings (see Note 3.11) and primarily consists of data management and platform related technology costs including amortization of technology and market activity related intangible assets, cost of goods sold in our supermarket operations, payments to driver-partners where the Group is responsible for delivery services to consumers (see Note 3.11), compensation costs (including share-based compensation) for operations and support personnel, payment processing fees, costs incurred in relation to its motor vehicle fleet used for rental services including depreciation and impairment; and an allocation of associated corporate costs such as depreciation of right-of-use assets.
ii)Sales and marketing primarily consist of marketing and advertising costs, compensation costs (including share-based compensation) to sales and marketing employees and an allocation of associated corporate costs such as depreciation of right-of-use assets.
iii)Research and development expenses primarily consist of compensation cost (including share-based compensation) to engineering, design, product development and data analytics employees, and allocation of associated corporate costs such as depreciation of right-of-use assets.
iv)General and administrative expenses primarily consist of compensation costs (including share-based compensation) for executive management and administrative personnel (including finance and accounting, human resources, policy and communications, legal, public affairs, corporate IT, corporate security and general administration employees), occupancy and facility costs, administrative fees, professional service fees, depreciation on certain corporate assets, legal settlement accrual and allocation of associated corporate costs such as depreciation of right-of-use assets.
3.13.              Finance income and finance costs
The Group’s net finance income or costs include:
interest income;
interest expense;
the net gain or loss on financial instruments at FVTPL;
the gain or loss arising from other investing activities ;
the foreign currency gain or loss on financial assets and financial liabilities;
the gain or loss on modification of financial liabilities; and
the unwinding of the discount on provisions.
Interest income or expense is recognized using the effective interest method.
The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to:
the gross carrying amount of the financial asset; or
the amortized cost of the financial liability.
In calculating interest income and expense, the effective interest rate is applied to the gross carrying amount of the asset (when the asset is not credit-impaired) or to the amortized cost of the liability. However, for financial assets that have become credit-impaired subsequent to initial recognition, interest income is calculated by applying the effective interest rate to the amortized cost of the financial asset. If the asset is no longer credit-impaired, then the calculation of interest income reverts to the gross basis.
Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognized in profit or loss using the effective interest rate method.
3.14.              Related parties
For the purposes of these consolidated financial statements, parties are considered to be related to the Group if the Group has the ability, directly or indirectly, to control the party or exercise significant influence over the party in making financial and operating decisions, or vice versa, or where the Group and the party are subject to common control or common significant influence. Related parties may be individuals or other entities.
3.15.              Income tax
Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognized in profit or loss except to the extent that they relate to a business combination, or items recognized directly in equity or in OCI.
The Group has determined that interest and penalties related to income taxes, including uncertain tax treatments, do not meet the definition of income taxes, and therefore accounted for them under IAS 37 Provisions, Contingent Liabilities and Contingent Assets.
Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. The amount of current tax payable or receivable is the best estimate of the tax amount expected to be paid or received that reflects uncertainty related to income taxes, if any. Current tax assets and liabilities are offset only if certain criteria are met.
Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for:
temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss;
temporary differences related to investments in subsidiaries to the extent that the Group is able to control the timing of the reversal of the temporary difference and it is probable that they will not reverse in the foreseeable future; and
taxable temporary differences arising on the initial recognition of goodwill.
The measurement of deferred taxes reflects the tax consequences that would follow the manner in which the Group expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, based on the laws that have been enacted or substantively enacted by the reporting date.
Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized simultaneously.
Deferred tax assets are recognized for unused tax losses, unused tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they can be used. Future taxable profits are determined based on the reversal of relevant taxable temporary differences. If the amount of taxable temporary differences is insufficient to recognize a deferred tax asset in full, then future taxable profits, adjusted for reversals of existing temporary differences, are considered, based on the business plans for individual subsidiaries in the Group. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized; such reductions are reversed when the probability of future taxable profits improves.
Unrecognized deferred tax assets are reassessed at each reporting date and recognized to the extent that it has become probable that future taxable profits will be available against which they can be used.
In determining the amount of current and deferred tax, the Group takes into account the impact of uncertain tax positions and whether additional taxes and interest may be due. The Group believes that its accruals for income tax liabilities are adequate for all open tax years based on its assessment of many factors, including interpretations of tax law and prior experience. This assessment relies on estimates and assumptions and may involve a series of judgments about future events. New information may become available that causes the Group to change its judgment regarding the adequacy of existing tax liabilities; such changes to tax liabilities will impact income tax expense in the period that such a determination is made.
The Group has determined that the global minimum top-up tax – which it is required to pay under Pillar Two legislation – is an income tax in the scope of IAS 12. The Group has applied a temporary mandatory relief from deferred tax accounting for the impacts of the top-up tax and accounts for it as a current tax when it is incurred.
3.16.              Earnings/ (Loss) per share
The Group presents basic and diluted earnings (loss) per share data for its ordinary shares. Basic earnings (loss) per share is calculated by dividing the profit (loss) to ordinary shareholders by the weighted-average number of ordinary shares outstanding during the year, adjusted for own shares held. Diluted earnings (loss) per share is calculated by giving effect to all potential weighted average dilutive ordinary shares. For diluted earnings (loss) per share, the dilutive effect is reflected by the application of the treasury stock method.
3.17.              Segment reporting
An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Group’s other components. The operating results are reviewed regularly by the Group’s chief executive officer (the Chief Operating Decision Maker or “CODM”) to make decisions about resources to be allocated to the segment and to assess its performance, and for which discrete financial information is available. Segment results that are reported to the Group’s CODM include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. Unallocated items comprise mainly corporate assets, head office expenses, and tax assets and liabilities.
3.18.              Standards issued but not yet effective
A number of new standards are effective for annual periods beginning after January 1, 2025 and earlier application is permitted. However, the Group has not early adopted the new or amended standards in preparing these consolidated financial statements, the expected implications of which are summarized below:
A.IFRS 18 Presentation and Disclosure in Financial Statements
IFRS 18 will replace IAS 1 Presentation of Financial Statements and applies for annual periods beginning on or after 1 January 2027. The new standard introduces the following key new requirements.
Entities are required to classify all income and expenses into five categories in the statement of profit or loss, namely the operating, investing, financing, discontinued operations and income tax categories. Entities are also required to present a newly-defined operating profit subtotal. Entities' net profit will not change.
Management-defined performance measures (MPMs) are disclosed in a single note in the financial statements
Enhanced guidance is provided on how to group information in the financial statements.
In addition, all entities are required to use the operating profit subtotal as the starting point for the statement of cash flows when presenting operating cash flows under the indirect method.
The Group is still in the process of assessing the impact of the new standard, particularly with respect to the structure of the Group’s statement of profit or loss, the statement of cash flows and the additional disclosures required for MPMs.
B. Other accounting standards
The following new and amended IFRS Accounting Standards are not expected to have a significant impact on the Group's consolidated financial statements.
Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)
Annual Improvements to IFRS Accounting Standards Volume 11
v3.25.4
Property, plant and equipment
12 Months Ended
Dec. 31, 2025
Property, plant and equipment [abstract]  
Property, plant and equipment Property, plant and equipment
i)                   Reconciliation of carrying amount
NoteComputers
Buildings
and
renovation
Motor
vehicles held
for leasing
Office
and other
equipment
Total
(in $ millions)$$$$$
Cost
At January 1, 202478 297 592 67 1,034 
Additions13 30 150 12 205 
Acquisition through business combination
***
Write-offs/disposal(12)(20)(60)(1)(93)
Effects of movements in exchange rates(2)*(20)*(22)
At December 31, 202477 308 662 78 1,125 
Additions20 57 284 13 374 
Acquisition through business combination27— 28 — 29 
Write-offs/disposal(11)(23)(55)(6)(95)
Effects of movements in exchange rates20 26 52 
At December 31, 202587 390 917 91 1,485 
 NoteComputers
Buildings
and
renovation
Motor
vehicles held
for leasing
Office
and other
equipment
Total
(in $ millions)$$$$$
Accumulated depreciation and impairment losses
At January 1, 202463 125 298 36 522 
Depreciation for the year12 44 57 122 
Write-offs/disposal(12)(19)(45)(1)(77)
Effects of movements in exchange rates(1)*(8)*(9)
At December 31, 202462 150 302 44 558 
Depreciation for the year14 47 73 11 145 
Write-offs/disposal(11)(21)(39)(6)(77)
Impairment loss— — *— *
Effects of movements in exchange rates12 11 28 
At December 31, 202566 188 347 53 654 
Carrying amounts    
At January 1, 202415 172 294 31 512 
At December 31, 202415 158 360 34 567 
At December 31, 202521 202 570 38 831 
*Amount less than $1 million
Property, plant and equipment includes right-of-use assets of $218 million (2024: $138 million) relating to leased properties and motor vehicles (see Note 24). During the financial year, the Group acquired motor vehicles with an aggregate cost of $284 million (2024: $150 million) for cash payments of $44 million (2024: $38 million), secured bank loan financing of $161 million (2024: $86 million) and lease liabilities of $79 million (2024: $26 million).
ii)                  Depreciation of property, plant and equipment
Property, plant and equipment is depreciated on a straight-line basis over the estimated useful lives, after taking into account the estimated residual value. Management reviews the estimated useful lives and residual value of the assets annually in order to determine the amount of depreciation expense to be recorded during any reporting year. The depreciation expense recorded for the year is $145 million (2024: $122 million; 2023: $128 million).
During 2025, the Group has conducted a review of the expected usage of certain motor vehicles held for leasing. The motor vehicles held for leasing which were previously intended to be replaced after 7 years of use, are now expected to remain in service for 10 years from the date of purchase. As a result, the expected useful life of the motor vehicles held for leasing increased and their estimated residual values decreased. The change in accounting estimates were applied prospectively and the corresponding impact is an increase in depreciation expenses of $10 million during the year.
The reviews performed in 2024 and 2023 did not result in any changes in estimated useful life or residual value.
v3.25.4
Intangible assets and goodwill
12 Months Ended
Dec. 31, 2025
Intangible assets and goodwill [abstract]  
Intangible assets and goodwill Intangible assets and goodwill
i)                   Reconciliation of carrying amount
 GoodwillTrademarksNon-compete agreementOther intangible assetsTotal
(in $ millions)$$$$$
Cost
At January 1, 2024875 69 1,644 155 2,743 
Additions— — — 
Internally developed— — — 40 40 
Acquisition through business combination
38 — 41 
Disposals/Write-off— — — **
Effects of movements in exchange rates— — — (1)(1)
At December 31, 2024913 70 1,644 200 2,827 
Additions— — — 
Internally developed— — — 31 31 
Acquisition through business combination57 18 — 80 
Disposals/Write-off— — — (3)(3)
Effects of movements in exchange rates— — — 
At December 31, 2025970 88 1,644 237 2,939 
GoodwillTrademarksNon-compete agreementOther intangible assetsTotal
(in $ millions)$$$$$
Accumulated amortization and impairment losses
At January 1, 202468 10 1,644 105 1,827 
Amortization for the year— — 19 25 
Disposal/Write-off— — — **
Effects of movements in exchange rates— — — **
At December 31, 202468 16 1,644 124 1,852 
Amortization for the year— — 25 32 
Disposal/Write-off— — — (3)(3)
Effects of movements in exchange rates— — — 
At December 31, 202568 23 1,644 147 1,882 
Carrying amounts    
At January 1, 2024807 59 — 50 916 
At December 31, 2024845 54 — 76 975 
At December 31, 2025902 65 — 90 1,057 
*Amount less than $1 million
Included in the net carrying value of the Other intangible assets is internally developed software of $80 million (2024: $71 million).
ii)                  Amortization
The amortization of intangible assets is primarily included in ‘Cost of revenue’ (see Note 20).
202520242023
(in $ millions)$$$
Amortization of intangible assets32 25 17 
iii)                 Impairment testing for CGUs containing goodwill
For the purposes of impairment testing, goodwill has been allocated (net of impairment loss recognized) to the Group’s CGUs as follows:
 Note20252024
(in $ millions)reference$$
Goodwill allocated
Southeast Asia Ride Hailing CGUs5(iii)(a)606 606 
Malaysia Mart CGU5(iii)(b)190 163 
Indonesia Payment CGU5(iii)(c)34 34 
Other units with individually insignificant goodwill72 42 
a)Southeast Asia ride hailing cash generating units (“Southeast Asia Ride Hailing CGUs”)
For the purpose of impairment testing, goodwill of $606 million has been allocated to the Group’s ride hailing business operations across countries in Southeast Asia, each of which is considered a CGU (“Ride Hailing CGU”). The goodwill has been allocated in proportion to the non-compete benefits attributable to each Ride Hailing CGU. These benefits are represented by the fair value of the non-compete agreement on initial recognition attributable to each Ride Hailing CGU, which was based on a valuation technique that reflected the present value of differential cash flows between “with” and “without” non-compete agreement scenarios.
For the financial years ended December 31, 2025 and 2024, the estimated recoverable amount of each Ride Hailing CGU has exceeded its carrying amount and therefore no impairment loss was recognized.
The recoverable amount of the Ride Hailing CGUs was based on fair value less cost of disposal. To arrive at the fair value less cost of disposal, the Group applied a revenue based multiple of 2.4 from comparable companies to the amount of revenue plus consumer incentives of each Ride Hailing CGUs (2024: revenue based multiple of 2.0 derived from comparable companies to the amount of revenue plus consumer incentives of each Ride Hailing CGUs). The fair value measurement is categorized as a level 3 fair value (2024: level 3 fair value) based on the inputs in the valuation technique used. It has been identified that only changes beyond reasonably possible levels of the revenue based multiple could cause the carrying amount to exceed the recoverable amount.
b)Malaysia delivery and offering of daily necessities cash generating unit (“Malaysia Mart CGU”)
For the purpose of impairment testing, goodwill of $190 million (2024: $163 million) has been allocated to the Group’s goods ordering and delivery booking services in Malaysia ("Malaysia Mart CGU").
For the financial years ended December 31, 2025 and 2024, the estimated recoverable amount of the Malaysia Mart CGU exceeded its carrying amount and therefore no impairment loss was recognized.
The recoverable amount of the Malaysia Mart CGU was based on fair value less cost of disposal. To arrive at the fair value less cost of disposal, the Group applied an earnings based multiple of 11.9 derived from comparable companies to the earnings of its Malaysia Mart CGU (2024: earnings based multiple of 11.6 derived from comparable companies to the earnings of its Malaysia Mart CGU). The fair value measurement is categorized as a level 3 fair value (2024: level 3 fair value) based on the inputs in the valuation technique used. It has been identified that only changes beyond reasonably possible levels of the earnings based multiple could cause the carrying amount to exceed the recoverable amount.
c)Indonesia mobile payments and rewards cash generating unit (“Indonesia Payment CGU”)
For the purpose of impairment testing, goodwill of $34 million has been allocated to the Group’s Indonesia Payment CGU.
For the financial years ended December 31, 2025 and 2024, the estimated recoverable amount of the Indonesia Payment CGU exceeded its carrying amount and therefore no impairment loss was recognized.
The recoverable amount of the Indonesia Payment CGU was based on fair value less cost of disposal. To arrive at the fair value less cost of disposal, the Group applied a revenue based multiple of 3.3 derived from comparable companies to the revenue of its Indonesia Payment CGUs (2024: revenue based multiple of 2.7 derived from comparable companies to the revenue of its Indonesia Payment CGUs). The fair value measurement is categorized as a level 3 fair value (2024: level 3 fair value) based on the inputs in the valuation technique used. It has been identified that only changes beyond reasonably possible levels of the revenue based multiple could cause the carrying amount to exceed the recoverable amount.
v3.25.4
Other investments
12 Months Ended
Dec. 31, 2025
Other Financial Investments [Abstract]  
Other investments Other investments
20252024
(in $ millions)$$
Non-current investments
Time deposits261 273 
Debt investments – at FVTPL240 187 
Debt investments – at FVOCI132 98 
Equity investments – at FVTPL390 207 
1,023 765 
Current investments  
Time deposits1,296 1,425 
Debt investments – at FVTPL1,082 247 
Debt investments – at FVOCI22 169 
Debt investments – at amortized cost971 824 
3,371 2,665 
4,394 3,430 
i)                   Time deposits
These financial assets measured at amortized cost predominantly comprise deposits with banks and financial institutions with a maturity of more than three months from the date of placement.
ii)                  Financial risk management
The exposure of other investments to relevant financial risks (credit, currency and interest rate risk) is disclosed in Note 25.
v3.25.4
Loan receivables in the financial services segment
12 Months Ended
Dec. 31, 2025
Loan Receivables [Abstract]  
Loan receivables in the financial services segment Loan receivables in the financial services segment
20252024
(in $ millions)
$
$
Non-current
Non-current loan receivables443 112 
Less: Loss allowance (see Note 25)(23)(7)
420 105 
Current
Current loan receivables835 474 
Less: Loss allowance (see Note 25)(75)(43)
760 431 
These financial assets comprise:
term loans provided to merchant-partners, driver-partners and consumers, and
loans provided to individuals and businesses through the digital banking business.
The exposure of loan receivables to relevant financial risks (credit, currency and interest rate risk) is disclosed in Note 25.
v3.25.4
Trade and other receivables
12 Months Ended
Dec. 31, 2025
Trade and other receivables [abstract]  
Trade and other receivables Trade and other receivables
20252024
(in $ millions)$$
Current
Trade receivables169 161 
Less: Loss allowance (see Note 25)(33)(23)
136 138 
Payment cycle receivables113 75 
Less: Loss allowance(9)(7)
104 68 
240 206 
i)                   Trade receivables
Trade receivables mainly comprise amounts due from business organizations, driver-partners and merchant-partners within the Deliveries and Mobility segments. They are generally due for settlement within 30 days and therefore are all classified as current.
ii)                  Payment cycle receivables
These are amounts receivable as part of a payment settlement cycle that may involve consumers, merchant-partners and driver-partners to be settled typically within 4 days.
iii)                 Financial risk management
The exposure of trade and other receivables to relevant financial risks (credit, currency and interest rate risk) is disclosed in Note 25.
v3.25.4
Deposits, prepayments and other assets
12 Months Ended
Dec. 31, 2025
Prepayments and accrued income other than contract assets [abstract]  
Deposits, prepayments and other assets Deposits, prepayments and other assets
20252024
(in $ millions)$$
Non-current
Deposits176 119 
Prepayments*
178 119 
Current
Prepayments87 85 
Tax recoverable34 26 
Deposits57 49 
Others11 81 
189 241 
*Amount less than $1 million
Tax recoverable comprises Value-added tax (“VAT”), withholding tax and income tax recoverable which are the amounts paid to the respective tax authorities which will be recovered either against future tax liabilities of the same tax authorities or refunded.
As of 31 December 2024, other assets included $50 million of insurance recoveries arising from specific policies maintained by the Company. The corresponding proceeds were received in 2025.
v3.25.4
Cash and cash equivalents
12 Months Ended
Dec. 31, 2025
Cash and cash equivalents [abstract]  
Cash and cash equivalents Cash and cash equivalents
20252024
(in $ millions)$$
Short-term deposits721 861 
Cash at banks and on hand2,712 2,103 
Cash and cash equivalents in the statement of financial position3,433 2,964 
i)                   Classification as cash equivalents
Term deposits are presented as cash equivalents if they have a maturity of three months or less from the date of acquisition.
ii)                  Restricted cash
Cash and cash equivalents include balances of $206 million (2024: $201 million) held by subsidiaries that operate in countries where legal restrictions apply whereby the balances are not available for general use by the parent or other subsidiaries.
v3.25.4
Capital and reserves
12 Months Ended
Dec. 31, 2025
Disclosure of classes of share capital [abstract]  
Capital and reserves Capital and reserves
i)                   Share capital and share premium
Movements in GHL Class A ordinary shares and Class B ordinary shares (collectively “GHL Ordinary Shares”):
(in thousands of shares)Class A ordinary sharesClass B ordinary shares
202520242023202520242023
In issue at January 13,950,4993,813,3413,736,078119,799120,403125,780
Issued for acquisition of non-controlling interests121,4506,901
Issued for restricted ordinary shares4,4714,920
Restricted share units vested57,74159,32953,4164,1887,1944,498
Exercise of share options3,7386,9642,39911,586
Issued under equity stock purchase plan4,0754,1595,153
Repurchase and retirement of ordinary shares(58,450)(67,462)
Conversion of Class B ordinary shares to Class A ordinary shares11,68812,7189,394(11,688)(12,718)(9,394)
Canceled or forfeited restricted ordinary shares(481)
In issue at December 313,969,2913,950,4993,813,341128,356119,799120,403
Restricted ordinary shares issued but not fully vested(8,162)(4,920)(10,337)
In issue at December 31 – fully paid3,969,2913,950,4993,813,341120,194114,879110,066
Authorized49,500,00049,500,00049,500,000500,000500,000500,000
GHL Class A ordinary shares
GHL Class A ordinary shares have a par value of $0.000001 and are ranked equally with regard to GHL’s residual assets. Amounts received above the par value are recorded as share premium. Each holder of GHL
Class A ordinary shares will be entitled to one vote per share. Class A ordinary shares are listed on NASDAQ under the trading symbol “GRAB”.
GHL Class B ordinary shares
GHL Class B ordinary shares have a par value of $0.000001 and are ranked equally with GHL Class A ordinary shares with regard to GHL’s residual assets. Each holder of GHL Class B ordinary shares is entitled to forty-five (45) votes per share for a vote of all GHL Ordinary Shares voting together as a single class. In addition, holders of a majority of the GHL Class B ordinary shares will have the right to nominate, appoint and remove a majority of the members of GHL’s board of directors. Each GHL Class B ordinary share is convertible into one GHL Class A ordinary share (as adjusted for share split, share combination and similar transactions occurring).
ii)                  Nature and purpose of reserves
The reserves of the Group comprise the following balances:
 20252024
(in $ millions)$$
Share-based payment reserve350 392 
Foreign currency translation reserve21 (76)
Other reserve(34)(119)
337 197 
a)Share-based payment reserve
The share-based payment reserve comprises the cumulative value of employee services received for equity-settled share-based payment arrangements (see Note 18).
b)Foreign currency translation reserve
The translation reserve comprises all foreign exchange differences arising from the translation of the financial statements of foreign operations.
c)Other reserve
This reserve represents conversion options and put options issued to non-controlling interests in subsidiaries. Certain put options were exercised over the course of 2025 and 2024 by non-controlling interests as part of a change in holding of subsidiaries within the Group (see Note 12).
iii)                 Dividends
The Group did not declare any dividends for the years ended December 31, 2025, 2024 and 2023.
v3.25.4
Subsidiaries and non-controlling interests
12 Months Ended
Dec. 31, 2025
Subsidiaries And Non-Controlling Interests [Abstract]  
Subsidiaries and non-controlling interests Subsidiaries and non-controlling interests
Details of the significant subsidiaries within the Group are as follows:
Name of subsidiariesCountry of incorporation/ operation
Ownership interests
held by the Group
20252024
%%
Grab Holdings Inc.Cayman100 100 
Grab Inc.Cayman100 100 
A2G Holdings Inc.Cayman100 100 
A6 Holding Inc.Cayman100 100 
Non-controlling interest
During 2025, the Group acquired additional holdings in subsidiaries offering mobility services and a mass-premium supermarket chain business.
(in $ millions)$
Carrying amount of non-controlling interests acquired32 
Derecognition of preference shares held by non-controlling interests
Consideration paid to non-controlling interests(130)
Decrease in equity attributable to owners of the Company recognized in accumulated losses(93)
There is no subsidiary that has a material non-controlling interest to the Group for the year ended December 31, 2025 and 2024.
v3.25.4
Loans and borrowings
12 Months Ended
Dec. 31, 2025
Borrowings [abstract]  
Loans and borrowings Loans and borrowings
(in $ millions)20252024
$$
Non-current
Bank loans188 116 
Lease liabilities185 125 
373 241 
Current
Convertible notes (including embedded derivative)
1,502 — 
Bank loans129 90 
Lease liabilities49 33 
1,680 123 
A significant portion of the bank loans are secured by the Group’s motor vehicles with a carrying amount of $570 million (2024: $360 million) (see Note 4).
The Group has borrowings denominated in United States Dollars (“USD”), Singapore Dollars (“SGD”), Malaysian Ringgit (“MYR”), Indonesian Rupiah (“IDR”) and Thailand Baht (“THB”).
i)                   Terms and debt repayment schedule
Terms and conditions of outstanding loans and borrowings (including lease liabilities) are as follows:
Currency
Nominal
interest rate
Year of
maturity
Carrying
amount
$
2025 
Convertible notes (including embedded derivative)
USD20301,502 
Bank loans
SGD
1.4% to 2.0%
2026-2030
231 
Bank loans
MYR
2.1% to 3.6%
2026-2027
*
Bank loans
MYR
COF** + 1.3%
2026
Bank loans
IDR
3.0% to 9.5%
2026-2030
30 
Bank loans
THB
  4.3%***
2026-2027
50 
Lease liabilitiesMultiple
3.6% to 12.5%
2026-2037
234 
2,053 
 
2024
Bank loans
SGD
1.5% to 2.1%
2025-2029
140 
Bank loans
MYR
2.1% to 3.6%
2025-2028
*
Bank loans
MYR
COF** -2.0% to 1.3%
2025-2028
Bank loans
IDR
3.0% to 9.5%
2025-2029
18 
Bank loans
THB
COF** + 7.0%
2025
39 
Lease liabilitiesMultiple
4.1% to 12.5%
2025-2037
158 
364 
*Amount less than $1 million
**Cost of funds – which are variable rates specific to country and/or financial institutions
*** Rate is subject to contractual repricing following changes in benchmark monetary policy rates
Financial risk management
Information about the exposure of loans and borrowings to relevant financial risks (interest rate, foreign currency and liquidity risk) is disclosed in Note
ii)                  Issuance of convertible notes
On June 10, 2025, the Company issued convertible notes ("Notes") with an aggregate principal amount of $1,500 million maturing on June 15, 2030 unless redeemed, repurchased or converted prior to that date. The Notes are senior, unsecured obligations of the Company and are non interest bearing (i.e. zero coupon).
The Notes entitle the holders to require the Company to convert the Notes into Class A Ordinary Shares of the Company at an initial conversion price of approximately $6.55 per share (subject to adjustments in certain circumstances) at any time from July 24, 2025 to the third trading day immediately preceding the maturity date. The Company has the right to settle such conversion in cash or equity (or a combination of both) at its discretion. Other key features of the Notes include:
an option for the holder to redeem early on June 15, 2028; and
an option for the Company to redeem for cash all or part of the Notes, on or after June 21, 2028, if the last reported share sale price has been at least 130% of the conversion price (then in effect) for at least 20 out of 30 trading days prior to the Company providing notice of redemption; and on the trading day immediately preceding the date the Company sends such notice. The holders can exercise their conversion option in the event of the Company exercising this option.
The features of the conversion option within the Notes is an embedded derivative which has economic characteristics that are not closely related to the host liability. As the terms of the Notes provide the Company with the right to settle the conversion of the Notes in cash, the embedded derivative is classified as a derivative liability measured at fair value through profit or loss.
The carrying amount of the host liability on initial recognition is the difference between the carrying amount of the Notes, net of transaction costs and the fair value of the embedded derivative. Subsequent to initial recognition, the host liability is measured at amortized cost under the effective interest rate method.
The net proceeds received from the issuance of the Notes have been allocated as follows on initial recognition:
(in $ millions)$
On initial recognition
Proceeds from issue of convertible notes (1,500,000 Notes at $1,000 per Note)
1,500 
Fair value of the embedded derivative(482)
Transaction costs(22)
At inception996 
December 31,
2025
At inception996 
Interest accrued on convertible notes46 
Carrying amount of host liability as at December 31, 20251,042 
Fair value of the embedded derivative as at December 31, 2025460 
a)Host liability and embedded derivative
Both the host liability and the embedded derivative are presented within the “Loans and borrowings” caption on the statement of financial position as they are part of the same contract. The host liability is classified as current as at December 31, 2025 as the conversion option which can be exercised within twelve months is taken into account when classifying the host liability.
b)Transaction costs
The Group incurred transaction costs of $22 million, primarily on legal and underwriters’ fees. The Group’s policy is to allocate the transaction costs entirely to the host liability of the Notes.
iii)                  Reconciliation of movements of liabilities to cash flows arising from financing activities
Liabilities 
Bank loansConvertible notesLease
liabilities
Total
(in $ millions)$$$$
Balance at January 1, 2025206 — 158 364 
Changes from financing cash flows
Proceeds from bank loans193 — — 193 
Proceeds from issue of convertible notes
— 1,500 — 1,500 
Payment of bank loans(260)— — (260)
Payment of lease liabilities — (52)(52)
Transaction costs related to loans and borrowings
— (22)— (22)
Interest paid(9)— (17)(26)
Total changes from financing cash flows(76)1,478 (69)1,333 
Effect of changes in foreign exchange rates12 — 15 
Other changes
Liability-related
Recognition of lease liabilities— — 116 116 
Derecognition of lease liabilities— — (1)(1)
Secured bank loans for asset acquisition161 — — 161 
Acquisition through business combination— 10 16 
Interest expense46 17 71 
Fair value changes of the embedded derivative
— (22)— (22)
Total liability-related other changes175 24 142 341 
Balance at December 31, 2025317 1,502 234 2,053 
 Liabilities 
 
Bank
loans
Term
loan
Lease
liabilities
Total
(in $ millions)$$$$
Balance at January 1, 2024
155 476 162 793 
Changes from financing cash flows    
Proceeds from bank loans120 — — 120 
Payment of bank loans(152)(483)— (635)
Payment of lease liabilities— — (46)(46)
Interest paid(13)(9)(12)(34)
Total changes from financing cash flows(45)(492)(58)(595)
Effect of changes in foreign exchange rates(3)— (2)(5)
Other changes    
Liability-related    
Recognition of lease liabilities— — 43 43 
Derecognition of lease liabilities— — **
Secured bank loans for asset acquisition86 — — 86 
Acquisition through business combination
— — 
Interest expense13 16 12 41 
Total liability-related other changes99 16 56 171 
Balance at December 31, 2024206 — 158 364 
*Amount less than $1 million
v3.25.4
Provisions
12 Months Ended
Dec. 31, 2025
Provisions [abstract]  
Provisions Provisions
20252024
(in $ millions)$$
Site restoration27 24 
Legal and others20 37 
 47 61 
20252024
(in $ millions)$$
Non-current22 20 
Current25 41 
47 61 
i)                   Site restoration
20252024
(in $ millions)$$
Balance at January 124 25 
Provisions made during the year*
Provisions reversed during the year— (1)
Effect of movements in exchange rates*
Balance at December 3127 24 
*Amount less than $1 million
The provisions relate to the cost of dismantling and removing assets and restoring the premises to its original condition as stipulated in the lease agreements.
ii)                  Legal and others
20252024
(in $ millions)$$
Balance at January 137 32 
Provisions made during the year
Provisions reversed during the year(21)*
Effect of movements in exchange rates*
Balance at December 3120 37 
*Amount less than $1 million
In 2025, a specific provision of $21 million was reversed in relation to a claim filed by competition authority in Malaysia in consideration of the Group’s position of market strength in the Mobility segment after a determination that a future outflow of resources is no longer probable. The remaining balance primarily includes provisions in relation to other ongoing legal proceedings.
v3.25.4
Trade payables and other liabilities
12 Months Ended
Dec. 31, 2025
Trade and other payables [abstract]  
Trade payables and other liabilities Trade payables and other liabilities
20252024
(in $ millions)$$
Non-current liabilities
Warrant liabilities11 
Put options issued to non-controlling interests148 43 
Employee defined benefit liability13 12 
169 66 
Current liabilities  
Trade payables260 208 
Accrued operating expenses417 463 
Electronic wallets292 261 
Tax payables72 60 
Deposits32 36 
Put options issued to non-controlling interest— 98 
Contract liabilities*
Payables for purchase of securities
117 — 
Others66 41 
1,256 1,169 
*Amount less than $1 million
i)                   Warrant liabilities
These liabilities comprise 26 million warrants that entitle the holder to purchase one GHL Class A ordinary share at an exercise price of $11.50 per whole share. These warrants are exercisable as at December 31, 2025 and will expire on December 1, 2026 in which the expiration date is extendable in the sole discretion of the Group.
The warrants are listed on NASDAQ under the trading symbol “GRABW”. Of these 26 million warrants, 12 million warrants can be exercised on a cashless basis by the holder into a variable number of shares based on volume weighted average observable price of the GHL Class A ordinary shares at the time of exercise. All the remaining warrants cannot be exercised cashless, and can be redeemed at GHL’s sole discretion at a price of $0.01 or $0.10 per warrant depending on the GHL Class A ordinary shares closing price over an observable trading period at the time of redemption. Following notice of such a redemption, holders of the warrants will have the right to exercise the warrants prior to redemption, including on a cashless basis in certain circumstances.
The terms of all warrants include a provision that in the event of a tender or exchange offer made to and accepted by holders of more than 50% of the outstanding GHL Class A ordinary shares, the warrant holders would be entitled to receive cash for their warrants. Management considers that this feature results in the warrants being classified as liabilities measured at fair value through profit or loss, as the event is an uncertain future event that is not within the control of the Group; and therefore, the Group does not have an unconditional right to avoid delivering cash.
The warrants have been measured at the trading price. The carrying value of the warrants as at December 31 is as follows:
20252024
(in $ millions)$$
As at 1 January11 
Change in fair value(3)
As at 31 December11 
ii)                  Employee defined benefit liability
Certain subsidiaries operate a non-contributory defined benefit pension scheme that provides retirement benefits for certain employees.
iii)                 Tax payables
These amounts comprise VAT and withholding tax payables.
iv)                 Put options issued to non-controlling interests
a)Put options on shares of GHL subsidiaries
The Group has written options granting non-controlling shareholders of certain subsidiaries the right to sell their shareholding to the Group in the future. As these non-controlling shareholders have present access to the returns until exercise of the option, the financial liability arising from the put option is presented within “Other liabilities" with the corresponding effect within equity under "Other reserves" (see Note 11(ii)(c)). Subsequent to initial recognition, changes in the carrying amount of the put liabilities are recognized within equity.
b)Option to swap the shares in GHL subsidiary for GHL Class A Ordinary Shares
There is a put option granting a non-controlling shareholder of a subsidiary the right to swap the shares in a subsidiary for GHL Class A Ordinary Shares in the future. As the Group has the obligation to deliver a variable number of shares, the derivative liability arising from this option is presented within “Other liabilities” with the corresponding effect within profit or loss under “Net change in fair value of financial assets and liabilities”. Subsequent to initial recognition, changes in the carrying amount are recognized within profit or loss.
v)                  Accrued operating expenses
These amounts include $80 million related to a settlement in 2024 with regard to class action lawsuits filed against the Company and certain of its officers in 2022. The associated accrual was settled in 2025.
vi)                 Financial risk management
Information about the exposure of trade and other payables to relevant financial risks (currency and liquidity risk) is disclosed in Note 25.
v3.25.4
Deposits from customers in the banking business
12 Months Ended
Dec. 31, 2025
Deposits from customers [abstract]  
Deposits from customers in the banking business Deposits from customers in the banking business
 20252024
(in $ millions)$$
Current
Deposits from customers in the banking business1,629 1,225 
Deposits from customers in the banking business are retail deposits payable on demand.
Information about the exposure of these deposits to relevant financial risks (currency and liquidity risk) is disclosed in Note 25.
v3.25.4
Income taxes
12 Months Ended
Dec. 31, 2025
Income Tax [Abstract]  
Income taxes Income taxes
i)                   Amounts recognized in profit or loss
202520242023
(in $ millions)$$$
Current tax expense
Current year83 70 52 
Changes in estimates related to prior years(1)*
82 71 52 
Deferred tax (income)/ expense
Origination and reversal of temporary differences15 (2)
Recognition of previously unrecognized tax losses(26)(12)(31)
Changes in estimates related to prior years
(2)— — 
(13)(8)(33)
Income tax expense69 63 19 
*Amount less than $1 million
ii)                  The reconciliation between income tax expenses and the loss before income tax is presented as follows:
 202520242023
(in $ millions)$$$
Profit/ (loss) before tax269 (95)(466)
Tax at the domestic rates applicable to profits in the countries where the Group operates73 44 (33)
Non-deductible expenses10 
Income not subject to tax

(24)**
Current year losses for which no deferred tax asset is recognized50 64 121 
Benefits from previously unrecognized tax losses(34)(56)(78)
Changes in estimates related to prior years(3)*
Income tax expense69 63 19 
*Amount less than $1 million
iii)                 Movement in deferred tax balances
 20252024
(in $ millions)$$
Deferred tax assets
Tax losses carried forward72 51 
Others13 16 
Deferred tax liabilities  
Property, plant and equipment, intangible assets and others35 25 
Movement in deferred tax assetsMovement in deferred tax liabilities
(in $ millions)$$
Balance at January 1, 2025 before set-off95 (53)
Recognized in profit or loss32 (19)
Acquisition through business combination
— (8)
Effects of movements in exchange rates— 
Deferred tax assets / (liabilities) before set-off130 (80)
Deferred tax set-off(45)45 
Balance at December 31, 2025 - Net deferred tax assets / (liabilities) 85 (35)
Balance at January 1, 2024 before set-off85 (49)
Recognized in profit or loss12 (4)
Effects of movements in exchange rates(2)*
Deferred tax assets / ( liabilities) before set-off95 (53)
Deferred tax set-off(28)28 
Balance at December 31, 2024 - Net deferred tax assets / (liabilities) 67 (25)
* Amount less than $1 million
iv)                Unrecognized deferred tax assets
Deferred tax assets have not been recognized in respect of the following items:
20252024
(in $ millions)$$
Unutilized tax losses3,704 4,147 
Deferred tax assets are recognized in the consolidated financial statements only to the extent that it is probable that future taxable profits will be available against which the Group can utilize the benefits. The use of these tax losses is subject to the agreement of the tax authorities and compliance with certain provisions of the tax legislation of the respective countries in which the Group operates.
v)                  Tax losses carried forward
Out of the $3,704 million (2024: $4,147 million) tax losses, $702 million expire between 2026 to 2035 (2024: $1,048 million expires between 2025 to 2034). The remaining tax losses do not expire under current tax legislation.
Deferred tax assets in certain subsidiaries, have not been recognized in respect of the tax losses carried forward because it is not probable that future taxable profits will be available against which the Group entities can utilize benefits therefrom.
vi)                 Global minimum top-up tax
During the financial year beginning January 1, 2025, Pillar Two legislation has been enacted or substantively enacted in certain jurisdictions in which the Group operates. The Group has performed an assessment of its exposure arising from this legislation based on its most recent financial statements and the specific adjustments required under the Pillar Two rules. Based on this assessment, there is no material current or deferred tax impact for the year ended December 31, 2025, primarily because the Group’s operating entities in most jurisdictions are subject to corporate income tax rates above 15%.
v3.25.4
Share-based payment arrangements
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangements [Abstract]  
Share-based payment arrangements Share-based payment arrangements
i)                   Description of the share-based payment arrangements
As at December 31, 2025, the Company has in place an equity-settled share-based payment arrangement, the 2021 Equity Incentive Plan (the “2021 GHL Plan”), under which the Company may:
1.issue restricted share units/awards (‘RSUs’); or
2.grant options to purchase its ordinary shares (‘Share Options’); or
3.issue restricted ordinary shares
to selected employees, officers, directors and consultants of the Group and non-employee directors of the Company.
The RSUs and Share Options granted generally vest 25% on each anniversary of the grant, over a four year-period. Certain RSUs granted vest upon grant date. The maximum term of Share Options granted under the 2021 GHL Plan does not exceed ten years from the date of grant. The RSUs and Share Options granted to employees do not have the rights of ordinary shares until the RSUs and Share Options are vested, exercised and recorded into the register of shareholders of the Company.
The Company also has in place the 2021 Equity Stock Purchase Plan ("ESPP") which allows eligible employees to contribute, through payroll deductions, up to 15% of their eligible compensation to purchase the Company’s Class A Ordinary Shares at a 15% discount of the lower of either (i) the closing trading price of the first day of an offering period or (ii) the closing trading price of the purchase date.
In addition to the above arrangements,
the Company has issued performance based share units and options to selected employees, officers, directors, consultants and non-employee directors of the Group and of the Company which generally vest based on specified market and non-market performance conditions, and on completion of a specified period of service; and,
certain subsidiaries of the Group have also set up certain equity settled share-based payment arrangements for the issuance of restricted share units/awards and share options which generally vest 25% on each anniversary of the grant, over a four year-period.
The share-based payment expense in relation to these arrangements is not material to the Group.
a)Reconciliation of outstanding RSUs
The number of unvested RSUs issued under the 2021 GHL Plan were as follows:
Number of unvested
restricted share units
’000
As of December 31, 2022
131,765
Granted93,731
Vested(58,348)
Canceled and forfeited(34,716)
As of December 31, 2023132,432
Granted98,607
Vested(66,630)
Canceled and forfeited(16,209)
As of December 31, 2024148,200
Granted63,602
Vested(63,196)
Canceled and forfeited(15,253)
As of December 31, 2025133,353
As at December 31 of each year in the table above, certain RSUs had vested but were not yet registered as ordinary shares.
b)Reconciliation of outstanding Share Options
The number and weighted-average exercise prices of Share Options granted under the 2021 GHL Plan were as follows:
 
Number of Share
Options
Weighted average
exercise price per
share
Weighted-average
remaining contractual
life
 ’000$(in years)
As of December 31,2022
54,9372.22 7.2
Exercised(2,446)1.55 
Canceled and forfeited(3,899)3.29 
As of December 31, 202348,5922.17 5.7
Exercised(7,122)1.80 
Canceled and forfeited(155)2.08 
As of December 31, 202441,3152.24 4.7
Granted
6,1984.59 
Exercised(24,888)2.51 
Canceled and forfeited(403)2.24 
As of December 31, 202522,2222.59 4.5
 
Number of Share
Options
Weighted average
exercise price per
share
Exercisable as at 31 December’000$
202439,9402.25 
202516,0181.82 
The Share Options outstanding as at December 31, 2025 had an exercise price in the range of $0.28 to $4.59 (2024: $0.28 to $4.03). As at December 31 of each year in the table above, certain share options exercised had not yet been registered as ordinary shares.
c)Restricted ordinary shares
Restricted ordinary shares are issued to certain employees where the vesting of these ordinary shares is dependent on the satisfaction of a combination of service and performance conditions.
During 2025, 4,472 thousand (2024: 4,920 thousand; 2023: Nil) restricted ordinary shares were granted, respectively, which are the units that remain outstanding as at year end. During this period, there were no (2024: Nil; 2023: 481 thousand) restricted ordinary shares canceled or forfeited respectively, and 1,230 thousand (2024:10,337 thousand; 2023: 10,817 thousand) restricted ordinary shares were vested, respectively during the year.
d)2021 Equity Stock Purchase Plan
During 2025, 3,872 thousand shares (2024: 4,255 thousand shares; 2023: 4,224 thousand shares) were purchased and issued at an average price of $4.03 (2024: $2.81; 2023: $2.89) per share.
ii)                  Share-based payment expenses
The following table summarizes total share-based payment expense by function for the years ended December 31, 2025 , December 31, 2024 and December 31, 2023:
202520242023
(in $ millions)$$$
Cost of revenue48 52 48 
Sales and marketing12 13 12 
Research and development110 109 97 
General and administrative71 105 147 
Total241 279 304 
iii)                 Measurement of fair values
a)RSUs
For 2025, 2024 and 2023, the fair value of RSUs granted was determined based on the closing price of the shares on the grant date. The weighted average fair value of RSUs granted during the year ended 2025 was $4.50 (2024: $3.21; 2023: $2.90).

b)Restricted ordinary shares
The fair value of restricted ordinary shares granted during 2025 and 2024 was determined based on the closing price of the shares on the grant date. The weighted average fair value of restricted ordinary shares granted during the year ended 2025 was $4.12 (2024: $3.21).
v3.25.4
Revenue
12 Months Ended
Dec. 31, 2025
Revenue [abstract]  
Revenue .                 Revenue
i)                   Revenue streams
 202520242023
(in $ millions)$$$
Deliveries1,8001,4931310
Mobility1,2191,047871
Financial services347253177
Others441
 3,3702,7972,359
Mobility revenue also includes rental income from the leasing of motor vehicles to driver-partners of $194 million (2024: $168 million; 2023: $146 million) (refer to Note 24), who typically use the vehicles to offer services through the Grab platform.
ii)                  Geographic information
 202520242023
(in $ millions)$$$
Indonesia715 643 605 
Malaysia1,039 816 673 
Philippines316 265 200 
Singapore727 578 480 
Thailand288 252 205 
Vietnam255 228 185 
Rest of Southeast Asia30 15 11 
 3,370 2,797 2,359 
iii)                 Major customers
Considering our service offerings to a wide range of customers across multiple geographic locations, no significant portion of our revenue recognized can be attributed to a particular customer or group of customers.
v3.25.4
Expenses
12 Months Ended
Dec. 31, 2025
Expenses [Abstract]  
Expenses Expenses
Total cost of revenue, sales and marketing expenses, general and administrative expenses and research and development expenses include expenses of the following nature:
 202520242023
(in $ millions)$$$
Staff costs1,046 1,029 1,113 
Operation costs1,403 1,175 1,048 
Depreciation and amortization177 147 145 
Marketing expenses305 260 227 
Professional fees62 58 67 
v3.25.4
Net finance income
12 Months Ended
Dec. 31, 2025
Net Finance Income (Costs) [Abstract]  
Net finance income Net finance income
 202520242023
(in $ millions)$$$
Financial assets measured at amortized cost - interest income (primarily time deposits, debt investments and cash and cash equivalents)167 187 197 
Net foreign exchange gain42 — 
Others
31 — — 
Finance income240 187 198 
Financial liabilities measured at amortized cost – interest expense(71)(41)(99)
Net foreign exchange loss— (65)— 
Finance costs(71)(106)(99)
Net change in fair value of financial assets and liabilities34 *(39)
Net finance income recognized in profit or loss203 81 60 
*Amount less than $1 million
v3.25.4
Earnings / (loss) per share
12 Months Ended
Dec. 31, 2025
Earnings per share [abstract]  
Earnings / (loss) per share Earnings/ (loss) per share
i)                   Basic earnings/ (loss) per share
The following table sets forth the computation of basic earnings/ (loss) per share attributable to ordinary shareholders for the years ended December 31, 2025, 2024 and 2023 (in $ millions, except share amounts which are reflected in thousands, and per share amounts):
202520242023
$$$
Basic earnings/ (loss) per share:
Numerator
   Net income/ (loss) for the year200 (158)(485)
   Net loss attributable to non-controlling interests(68)(53)(51)
   Net income/ (loss)for the period attributable to ordinary shareholders268 (105)(434)
Denominator
  Basic weighted-average ordinary shares outstanding
4,092,151 3,995,237 3,894,724 
Basic earnings/ (loss) per share attributable to ordinary shareholders
0.07 (0.03)(0.11)
ii)                  Diluted earnings/ (loss) per share
The following table sets forth the computation of diluted earnings/ (loss) per share attributable to ordinary shareholders for the years ended December 31, 2025, 2024 and 2023 (in $ millions, except share amounts which are reflected in thousands, and per share amounts):
202520242023
$$$
Diluted earnings/ (loss) per share:
Numerator
   Diluted earnings/ (loss) for the year attributable to ordinary shareholders268 (105)(434)
Denominator
   Weighted-average number of ordinary shares (Basic)4,092,151 3,995,237 3,894,724 
   Stock options10,259 — — 
   RSU and restricted ordinary shares101,947 — — 
   Common shares issued for ESPP1,728 — — 
Weighted-average number of ordinary shares (Diluted)4,206,085 3,995,237 3,894,724 
Diluted earnings/ (loss) per share attributable to ordinary shareholders0.06 (0.03)(0.11)
As the Group incurred a loss for the years ended December 31, 2024 and 2023, basic loss per share was the same as diluted loss per share.
The following potentially dilutive outstanding securities (reflected in thousands of GHL ordinary shares) were excluded from the computation of diluted loss per ordinary share either because their effects would have been antidilutive for the years ended December 31, 2025, 2024 and 2023 or contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:
 202520242023
Warrants (Note 15)26,00026,00026,000
Share options (Note 18)6,19841,31548,592
RSU and Restricted ordinary shares (Note 18)7,820153,120142,769
Convertible notes229,008
Shares committed under ESPP (Note 18)2,0564,224
Options to swap shares in GHL subsidiaries for GHL Class A Ordinary Shares121,450
Total269,026222,491343,035
v3.25.4
Related parties
12 Months Ended
Dec. 31, 2025
Disclosure of transactions between related parties [abstract]  
Related parties Related parties
Transactions with key management personnel
Compensation to Directors and executive officers of the Group comprised the following:
 202520242023
(in $ millions)$$$
Short-term employee benefits
Post-employment benefits***
Share-based payment44 51 103 
*Amount less than $1 million
The aggregate value of transactions and outstanding balances related to key management personnel and entities over which they have control or joint control is insignificant.
The Group did not enter into other significant related party transactions.
With effect from April 1, 2024, Grab expanded its Board of Directors to seven from six members, with two members newly appointed and one existing member retiring in 2024. In 2025, four members were newly appointed to the Board of Directors and three existing members retired. Therefore, as of December 31, 2025, the Board of Directors had eight members.
There were no significant changes to the compensation scheme during the year.
v3.25.4
Leases
12 Months Ended
Dec. 31, 2025
Lease liabilities [abstract]  
Leases Leases
i)                   As a lessee
The Group leases office premises, retail stores and motor vehicles. These leases, which have fixed rental payments, typically run for a period of one to eleven years with an option to renew the lease after that term.
The Group leases office equipment with contract terms of one to five years. These leases are short‑term and/or leases of low‑value items. The Group has elected not to recognize right‑of‑use assets and lease liabilities for these leases.
a)Right-of-use assets
Right‑of‑use assets related to leased properties that do not meet the definition of investment property are presented as property, plant and equipment.
Property
Motor
vehicles
Total
(in $ millions)$$$
Balance at January 1, 2025108 30 138 
Depreciation(31)(21)(52)
Additions37 79 116 
Acquisition through business combination15 — 15 
Derecognition(1)— (1)
Effects of movement in exchange rates(2)
Balance at December 31, 2025132 86 218 
 Property
Motor
vehicles
Total
(in $ millions)$$$
Balance at January 1, 2024119 24 143 
Depreciation(29)(19)(48)
Additions17 26 43 
Acquisition through business combination
— 
Derecognition*— *
Effects of movement in exchange rates*(1)(1)
Balance at December 31, 2024108 30 138 
* Amount less than $1 million
b)Amounts recognized in profit or loss
202520242023
(in $ millions)$$$
Interest on lease liabilities17 12 13 
Income from sub-leasing right-of-use assets, expenses relating to short-term leases and leases of low-value assets, and expenses relating to variable lease payments not included in the measurement of lease liabilities were not material to the Group for the years ended December 31, 2025 and 2024.
c)Amounts recognized in statement of cash flows
Refer to Note 13 (iii) on the amount of cash outflow paid for leases.
ii)                  As a lessor
The Group leases out motor vehicles consisting of its owned vehicles as well as leased vehicles. All leases are classified as operating leases because they do not transfer substantially all of the risks and rewards incidental to the ownership of the assets.
Rental income recognized by the Group during 2025 was $194 million (2024: $168 million; 2023: $146 million). The following table sets out a maturity analysis of lease receivables, showing the undiscounted lease payments to be received after the reporting date.
20252024
(in $ millions)$$
Not later than one year79 67 
Later than one year and not later than five years31 36 
v3.25.4
Financial instruments
12 Months Ended
Dec. 31, 2025
Disclosure of detailed information about financial instruments [abstract]  
Financial instruments Financial instruments
i)                   Financial risk management
The Group has exposure to the following risks from its use of financial instruments:
credit risk;
liquidity risk; and
market risk
This note presents information about the Group’s exposure to each of the above risks, the Group’s objectives, policies and processes for measuring and managing risk, and the Group’s management of capital.
a)Risk management framework
The Board of Directors has overall responsibility for the establishment and oversight of the Group's risk management framework. Group management establishes policies and procedures around risk identification, measurement and management; and setting and monitoring risk limits and controls, in accordance with the objectives and underlying principles in the risk management framework approved by the Board of Directors. Risk management policies and procedures are reviewed regularly to reflect changes in market conditions and the Group’s activities.
b)Credit risk
Credit risk is the risk of financial loss to the Group if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Group’s trade receivables, loans and advances, payment cycle receivables, deposits and cash and cash equivalents. The Group does not have significant credit exposure to a single counterparty.
Impairment losses on financial assets recognized in profit or loss were as follows:
202520242023
(in $ millions)$$$
Loan receivables and commitments in the financial services segment119 56 42 
Trade receivables19 31 26 
Payment cycle receivables
Other receivables*(1)
Cash and cash equivalents— *— 
 140 95 72 
* Amount less than $1 million
Loan receivables and commitments in the financial services segment
The exposure to credit risk mainly relates to:
term loans provided to merchant-partners, driver-partners and consumers; and
financing (loans and commitments) provided to individuals and businesses through digital banking activity
The Group closely monitors credit quality for these loans and commitments to manage and evaluate the Group’s related exposure to credit risk. Credit risk management begins with initial underwriting and continues through to full repayment of a loan. To assess a borrower who requests a loan, the Group, among other indicators, internally developed risk models using detailed information from internal historical experience including the borrower’s prior repayment history with the Group as well as other measures including platform behavior and regulatory guidelines (if applicable). The Group uses delinquency status and trends to assist in making new and ongoing credit decisions, adjust models, plan collection practices and strategies.
Exposure to credit risk
The exposure to credit risk for loan receivables at the reporting date by geographic region was as follows:
Carrying amount
20252024
(in $ millions)$$
Indonesia63 59 
Malaysia247 80 
Singapore672 295 
Thailand101 63 
Other countries97 39 
 1,180 536 
There is no concentration of credit risk for loan receivables and commitments. Undrawn loan commitments as at December 31, 2025 amount to $753 million (2024: $205 million). The corresponding expected credit losses are not material to the Group.
Loss rates are calculated using methods based on the probability of a receivable progressing through successive stages of delinquency to write-off, as well as regulatory guidelines (if applicable). Loss rates are calculated separately for exposures in different segments based on the following common credit risk characteristics – geographic region, nature of counterparty and the underlying product.
The following table provides information about the exposure to credit risk and loss allowances for loan receivables.
Weighted
average
loss rate
Gross
carrying
amount
Loss
allowance
Credit-impaired
(in $ millions)%$$ 
2025
Current (not past due)3.2 1,144 (45)No
1 – 30 days past due18.4 81 (15)No
31 – 60 days past due49.3 19 (10)No
61 – 90 days past due61.2 14 (9)No
91 – 120 days past due91.2 (8)Yes
More than 121 days95.0 11 (11)Yes
1,278 (98) 

 
Weighted
average
loss rate
Gross
carrying
amount
Loss
allowance
Credit-impaired
(in $ millions)%$$ 
2024
Current (not past due)3.6 515 (21)No
1 – 30 days past due17.6 44 (8)No
31 – 60 days past due59.2 (5)No
61 – 90 days past due80.0 (6)No
91 – 120 days past due89.7 (5)Yes
More than 121 days94.2 (5)Yes
  586 (50) 
Movements in allowance for impairment in respect of loan receivables and commitments
The movement in the allowance for impairment in respect of loan receivables and commitments during the year was as follows:
 20252024
(in $ millions)$$
At January 150 34 
Impairment loss recognized114 56 
Amounts written off(69)(39)
Exchange translation differences(1)
At December 3198 50 
*Amount less than $1 million
Trade receivables
Trade receivables mainly comprise amounts due from business organizations, merchant-partners and driver-partners within the Deliveries and Mobility segments. There is no significant concentration of customer credit risk. In monitoring customer credit risk, customers are grouped according to their credit characteristics which includes geographic location and operating segment.
The Group does not have collateral in respect of outstanding trade receivables. The Group does not have trade receivables for which no loss allowance is recognized because of collateral.
The exposure to credit risk for trade receivables at the reporting date by geographic region was as follows:
 Net carrying amount
 20252024
(in $ millions)$$
Indonesia41 47 
Malaysia21 16 
Philippines10 11 
Singapore27 30 
Thailand11 11 
Vietnam16 20 
Other countries10 
136 138 
Expected credit loss measurement
The Group uses an allowance matrix to measure ECLs of trade receivables which comprise a large number of small balances.
Loss rates are calculated using a ‘roll rate’ method based on the probability of a receivable progressing through successive stages of delinquency to write-off. Roll rates are calculated separately for exposures in different segments based on the common credit risk characteristics of geographic region and type of services purchased. Loss rates are based on actual payment and credit loss experience over the preceding 12 to 18 months. These rates are multiplied by scalar factors to reflect differences between economic conditions during the period over which the historical data has been collected, current conditions and the Group’s view of economic conditions over the expected lives of the receivables.
The following table provides information about the exposure to credit risk and ECLs for trade receivables as at December 31:
Weighted
average
loss rate
Gross
carrying
amount
Loss
allowance
Credit
impaired
(in $ millions)%$$ 
2025
Current (not past due)4.3 110 (5)No
1 – 30 days past due10.7 19 (2)No
31 – 60 days past due19.3 (1)No
61 – 90 days past due20.1 (2)No
91 – 120 days past due57.1 (2)No
More than 121 days97.0 22 (21)Yes
  169 (33) 
Weighted
average
loss rate
Gross
carrying
amount
Loss
allowance
Credit
impaired
(in $ millions)%$$ 
2024
Current (not past due)6.0 119 (7)No
1 – 30 days past due10.8 17 (2)No
31 – 60 days past due17.2 (1)No
61 – 90 days past due33.7 (1)No
91 – 120 days past due36.7 (1)No
More than 121 days99.2 11 (11)Yes
  161 (23)
Movements in allowance for impairment in respect of trade receivables
The movement in the allowance for impairment in respect of trade receivables during the year was as follows:
 20252024
(in $ millions)$$
At January 123 22 
Impairment loss recognized19 31 
Amounts written off(10)(30)
Acquisition through business combination— *
Exchange translation differences*
At December 3133 23 
*Amount less than $1 million
Deposits with banks and financial institutions, debt investments and cash and cash equivalents
At December 31, 2025, the Group held deposits with banks and financial institutions, debt investments (at amortized cost and FVOCI) and cash and cash equivalents of $2,682 million (2024: $2,789 million) and $3,433 million (2024: $2,964 million) respectively. These amounts are held with reputable bank and financial institution counterparties.
Impairment on deposits and debt investments (at amortized cost and FVOCI) with a maturity of 12 months or less from reporting date, and cash and cash equivalents has been measured on the 12-month expected loss basis and reflects the short maturities of the exposures. Impairment on deposits and debt investments (FVOCI) with a maturity of more than 12 months from reporting date has been measured on an expected loss basis that reflects the longer maturities of the exposures. These amounts have low credit risk based on the external credit ratings of the counterparties and therefore have insignificant provisions for expected credit losses.
c)Liquidity risks
Risk management policy
‘Liquidity risk’ is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Group’s objective when managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Group’s reputation.
Management monitors rolling forecasts of the Group’s cash and cash equivalents on the basis of expected cash flows. This is generally carried out by operating companies of the Group in accordance with practice and limits set by the Group. These limits vary by location to take into account the liquidity of the market in which the entity operates. In addition, the Group’s liquidity management policy involves projecting cash flows in major currencies and considering the level of liquid assets necessary to meet these.
The Group monitors its liquidity risk and maintains a level of cash and bank balances deemed adequate by management to finance the Group’s operations and to mitigate the effects of fluctuation in cash flows.
As part of their overall liquidity management, the Group maintains sufficient levels of funds to meet its working capital requirements.
The following are the contractual maturities of financial liabilities considered in the context of the Group’s liquidity risk management strategy. The amounts are gross and undiscounted and include contractual interest payments.
Contractual cash flows
Carrying
amount
Total
Less than
1 year
1 to 5 years
More than
5 years
(in $ millions)$$$$$
2025
Financial liabilities
Bank loans317 (339)(135)(204)— 
Convertible notes (including embedded derivative)
1,502 (1,500)— (1,500)— 
Deposits from customers in the banking business1,629 (1,629)(1,629)— — 
Trade payables and other liabilities1,252 (1,252)(1,096)(156)— 
Lease liabilities234 (288)(59)(153)(76)
 4,934 (5,008)(2,919)(2,013)(76)
2024     
Financial liabilities     
Bank loans206 (221)(93)(128)— 
Deposits from customers in the banking business1,225 (1,225)(1,225)— — 
Trade payables and other liabilities1,065 (1,065)(1,011)(54)— 
Lease liabilities158 (218)(42)(90)(86)
 2,654 (2,729)(2,371)(272)(86)
d)Market risks
Market risk is the risk that changes in market prices, such as foreign exchange rates, interest rates and equity prices will affect the Group’s income. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return.
Currency risk
The Group is exposed to transactional foreign currency risk to the extent that there is a mismatch between the currencies in which sales, purchases, receivables, cash and cash equivalents and borrowings that are denominated in a currency other than the respective functional currencies of Group entities. The functional currencies of Group entities are primarily the currency of the country in which the entities operate. The currencies in which these transactions primarily are denominated are also in the currency in which the entities operate. The currencies in which these transactions are primarily denominated are the Singapore Dollar (“SGD”), Malaysian Ringgit (“MYR”) and Indonesian Rupiah (“IDR”).
Interest on external bank borrowings is denominated in the currency of the borrowing. The Group entities’ external bank borrowings, are generally denominated in currencies that match the cash flows generated by the underlying operations of the Group, which is also the currency of the country in which the entity operates.
In respect of other monetary assets and liabilities denominated in foreign currencies, including monetary items which do not form part of the net investment in foreign operation, the Group’s policy is to ensure that its net exposure is kept at a reasonable level by buying or selling foreign currencies at spot rates when necessary to address short term imbalances.
Based on the above approach to currency risk management, the Group’s net exposure to currencies that are denominated in a currency other than the respective functional currencies of Group entities is insignificant.
Interest rate risks
As described below, the Group’s main interest rate risk arises from long-term borrowings with variable rates, which expose the Group to cash flow interest rate risk.
The interest rate profile of the Group’s interest-bearing financial instruments is as follows:
Carrying amount
20252024
(in $ millions)$$
Fixed-rate instruments  
Other investments4,004 3,223 
Cash and cash equivalents3,433 2,964 
Bank loans(261)(158)
Variable-rate instruments  
Bank loans(56)(48)
Fair value sensitivity analysis for fixed-rate instruments
Most fixed-rate financial assets and financial liabilities of the Group are not accounted for at FVTPL. Therefore, a change in interest rates at the reporting dates would not materially affect profit or loss.
Cash flow sensitivity analysis for variable rate instruments
The Group’s borrowings at variable rate are mainly denominated in Singapore Dollars, Malaysian Ringgit, Indonesian Rupiah and Thai Baht. The borrowings are periodically contractually repriced and to that extent are also exposed to the risk of future changes in market interest rates. For the bank loans, a change of 100 basis points in interest rates at the reporting date would have had an insignificant impact on profit or loss and equity.


ii)                  Offsetting financial instruments
For the purposes of cash flow management, the Group has entered into transactions that have resulted in the recognition of a financial asset and liability of equivalent carrying amounts of $667 million (2024: $694 million ) , that are offset in the statement of financial position as the Group has a legally enforceable right to offset the amounts as well as the intention to realize the asset and settle the liability simultaneously.
iii)                 Capital management
The Group’s objectives in managing capital are to ensure that the Group will be able to continue as a going concern and to maintain an optimal capital structure so as to enable it to execute business plans and to maximize shareholder value. The Group defines “capital” as including all components of equity and external borrowings.
The capital management strategy translates into the need to ensure that at all times the Group has the liquidity and cash to meet its obligations as they fall due while maintaining a careful balance between equity and debt to finance its assets, day-to-day operations and future growth. Having access to flexible and cost-effective financing allows the Group to respond quickly to opportunities.
The Group’s capital structure is reviewed on an ongoing basis with adjustments made in light of changes in economic conditions, regulatory requirements and business strategies affecting the Group. The Group balances its overall capital structure by considering the costs of capital and the risks associated with each class of capital. In order to maintain or achieve an optimal capital structure, the Group may issue new shares from time to time, retire or obtain new borrowings or adjust the asset portfolio.
iv)                 Accounting classification and fair values
The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.
Carrying amountFair value
NoteFVTPLFVOCIAmortized costTotalLevel 1Level 2Level 3Total
$$$$$$$$
(in $ millions)
December 31, 2025        
Financial assets        
Debt investments61,322 154 971 2,447 182 1,172 122 1,476 
Equity investments6390 — — 390 244 — 146 390 
Time deposits6— — 1,557 1,557 
Loan receivables in the financial services segment7— — 1,180 1,180 
Trade and other receivables8— — 240 240 
Other assets9— — 246 246     
Cash and cash equivalents10— — 3,433 3,433 
Total1,712 154 7,627 9,493 426 1,172 268 1,866 
Financial liabilities        
Convertible notes (including embedded derivative)
(460)— (1,042)(1,502)— — (460)(460)
Bank loans13— — (317)(317) 
Lease liabilities13— — (234)(234) 
Warrant liabilities15(8)— — (8)(8)— — (8)
Trade payables and other liabilities15(99)(49)(1,096)(1,244)— — (148)(148)
Deposits from customers in the banking business16— — (1,629)(1,629) 
Total(567)(49)(4,318)(4,934)(8) (608)(616)
Carrying amountFair value
NoteFVTPLFVOCIAmortized costTotalLevel 1Level 2Level 3Total
$$$$$$$$
(in $ millions)
December 31, 2024
Financial assets
Debt investments6434 267 824 1,525 268 321 112 701 
Equity investments6207 — — 207 86 — 121 207 
Time deposits6— — 1,698 1,698 
Loan receivables in the financial services segment7— — 536 536 
Trade and other receivables8— — 206 206 
Other assets921 — 224 245 — 21 — 21 
Cash and cash equivalents10— — 2,964 2,964 
Total662 267 6,452 7,381 354 342 233 929 
Financial liabilities        
Bank loans13— — (206)(206)
Lease liabilities13— — (158)(158)
Warrant liabilities15(11)— — (11)(11)— — (11)
Trade payables and other liabilities15(5)(141)(908)(1,054)— — (146)(146)
Deposits from customers in the banking business16— — (1,225)(1,225)
Total(16)(141)(2,497)(2,654)(11) (146)(157)
v)                 Measurement of fair values
a)Valuation techniques and significant unobservable inputs
The following tables show the valuation techniques used in measuring Level 2 and Level 3 fair values for financial instruments in the statement of financial position, as well as the significant unobservable inputs used. The movement in fair value arising from reasonably possible changes to the significant unobservable inputs was assessed as not significant.
 
Valuation technique
Significant unobservable inputsInter-relationship between significant unobservable inputs
Assets
Debt investmentsBroker prices/ Income approachRisk-adjusted discount rate using Income approachThe estimated fair value would decrease (increase) if the discount rates were higher (lower).
Equity InvestmentsMarket comparison technique Adjusted market multipleThe estimated fair value would increase (decrease) if the adjusted market multiple were higher (lower).
Volatility ratesThe estimated fair value would either increase or decrease if the volatility rate increases.
Liabilities
Put options issued to NCI for settlement in cash
Income approachProbability attributed to achieving certain milestonesThe estimated fair value of the put liability would increase (decrease) if the probability attributed to achieving certain milestones was higher (lower).
Put option issued to NCI to swap the shares in a GHL's subsidiary for a variable number of GHL's shares
Income approachVolatility rates



Equity value of the subsidiary
The estimated fair value would increase (decrease) if the expected volatility were higher (lower).

The estimated fair value would decrease (increase) if the equity value of the subsidiary were higher (lower).
Embedded derivative within the convertible notes
Income approachVolatility ratesThe estimated fair value would increase (decrease) if the expected volatility were higher (lower).
b)Level 3 fair values
The following table shows a reconciliation from the opening balances to the ending balances for Level 3 fair values:
 Equity and debt investmentsPut options issued to non-controlling interest*
Embedded derivative of the Convertible Notes
Total
 $$
$
$
(in $ millions)
At January 1, 2025233 (146)— 87 
Net change in fair value (unrealized)
- Gain/ (loss) included in profit or loss26 (99)22 (51)
- Gain included in OCI— — 
Net purchases/ (issuances)
49 (16)(482)(449)
Derecognition— 110 — 110 
Transfer between Level 3 and Level 1(40)— — (40)
At December 31, 2025268 (148)(460)(340)
At January 1, 2024221 (123)— 98 
Net change in fair value (unrealized)
- Gain included in profit or loss10 — — 10 
- Loss included in OCI— (23)— (23)
Net purchases— — 
At December 31, 2024233 (146)— 87 
* Put options issued to non-controlling interest are classified within ‘Trade payables and other liabilities’ in the statement of financial position.
Transfer out of Level 3
The Group holds an investment in listed equity shares which has a fair value of $40 million as at December 31, 2025 (December 31, 2024: $19 million). The fair value of this investment was previously categorized as Level 3 due to contractual restrictions on sale which have now been lifted, and with the shares now being valued at the published price quotation in an active market they are categorized as Level 1.
v3.25.4
Operating segments
12 Months Ended
Dec. 31, 2025
Disclosure of operating segments [abstract]  
Operating segments Operating segments
i)                   Basis for segmentation
The Group has the following strategic divisions which are its operating and also reportable segments. These segments offer different products and services, and are generally managed separately from a commercial, technological, marketing, operational and regulatory perspective. The Group’s chief executive officer (the Chief Operating Decision Maker or CODM) reviews performance of each segment on a monthly basis for purposes of business management, resource allocation, operating decision making and performance evaluation.
The following summary describes the operations of each reportable segment:
Reportable segmentsOperations
DeliveriesConnecting driver-partners and merchant-partners with consumers to create a localized logistics platform, facilitating and performing on-demand and scheduled delivery of a wide variety of daily necessities, including ready-to-eat meals and groceries, as well as point-to-point parcel delivery. It also includes delivery services in certain markets for which the Group is directly responsible; the offering of a variety of daily necessities through the operation of a chain of physical stores in certain markets; and advertising revenue arising from promoted listings and banner advertisements, enabling merchant-partners to promote their businesses on the Grab platform.
MobilityConnecting consumers with rides provided by driver-partners across a wide variety of multi-modal mobility options including private cars, taxis, motorcycles (in certain markets), and shared mobility options, such as carpooling. It also includes vehicle rental for driver-partners; and advertising revenue arising from online and offline advertising solutions which include in-car product placements and mobile billboards.
Financial servicesDigital solutions offered by and with business partners to address the financial needs of driver and merchant partners and consumers, including digital payments, lending, receivables factoring, digital banking services in certain markets, insurance distribution and associated advertising revenue.
OthersMultiple operating business activities that are not individually material. They include mapping services, autonomous vehicle services and last-mile delivery infrastructure.
ii)                  Information about reportable segments
The CODM evaluates operating segments based on revenue and Segment Adjusted EBITDA. Segment reporting revenue is disclosed in Note 19.
Segment Adjusted EBITDA is defined as profit (loss) of each operating segment adjusted to exclude: (i) net finance income (costs), including interest income (expenses), foreign exchange gain (loss) and changes in fair value of financial assets and liabilities, (ii) other income (expenses), (iii) income tax expenses (credit), (iv) depreciation and amortization, (v) share-based compensation expenses, (vi) costs related to mergers and acquisitions, (vii) impairment losses on goodwill and non-financial assets, (viii) restructuring costs, (ix) legal, tax and regulatory settlement provisions, (x) regional corporate costs and (xi) other items not indicative of our ongoing operating performance.
Information about each reportable segment and reconciliation to amounts reported in consolidated financial statements is set out below:
 202520242023
(in $ millions)$$$
Segment Adjusted EBITDA   
Deliveries287 196 81 
Mobility690 569 466 
Financial services(110)(105)(170)
Others(1)
Total reportable Segment Adjusted EBITDA868 663 376 
Regional corporate costs(368)(350)(398)
Net other income12 13 17 
Depreciation and amortization(177)(147)(145)
Share-based compensation expenses(241)(279)(304)
Impairment losses on goodwill and non-financial assets*— *
Restructuring costs(12)(14)(56)
Legal, tax and regulatory settlement provisions(48)(8)
Cost related to mergers and acquisitions
(20)(6)(1)
Operating profit/ (loss)
65 (168)(519)
Income tax expense(69)(63)(19)
Net finance income
203 81 60 
Share of profit/ (loss) of equity-accounted investees (net of tax)
(8)(7)
Profit/ (loss) for the year200 (158)(485)
*Amount less than $1 million
Our costs related to mergers and acquisitions were previously included within the legal, tax and regulatory settlement provisions caption in our reconciliation of Adjusted EBITDA to profit/(loss) for the period. Starting from January 1, 2025, these costs are presented as a separate caption in the reconciliation to provide additional break-down of information. The prior years have been adjusted for comparative purposes.
Assets and liabilities are predominantly reviewed by the CODM at a consolidated level and not at a segment level. Within the Group’s non-current assets are property, plant and equipment which are primarily located in Singapore, Malaysia and Indonesia. Other non-current assets such as intangible assets, goodwill and other investments are predominantly regional assets that are not attributed to a segment.
v3.25.4
Business combinations
12 Months Ended
Dec. 31, 2025
Disclosure of detailed information about business combination [abstract]  
Business combinations Business combinations
i)                  Acquisition of Eastern Grocer Sdn. Bhd. (“Everrise”)
On March 3, 2025, the Group acquired a 80% equity interest in Everrise, an operator in the premium grocery segment in Malaysia, predominantly within East Malaysia. The Group has concluded that the acquired entity is a business. The acquisition of Everrise will enable the Group to grow the market for online grocery services in Malaysia. The acquisition enables Grab to bring more Everrise retail stores onto its marketplace, while also leveraging Everrise’s large supplier network to further expand its groceries product line at lower costs.
The amount of revenue and profit after tax this business has contributed to the Group's results since acquisition is insignificant, as it also would have been if the acquisition has occurred on January 1, 2025. The acquisition related costs are also insignificant.
The following table summarizes the recognized amounts of assets acquired and liabilities assumed at the date of acquisition.
(in $ millions)$
Property, plant and equipment29
Intangible assets18
Inventories12
Trade and other receivables1
Cash and cash equivalents8
Loans and borrowings(16)
Deferred tax liabilities(7)
Trade payables and other liabilities (11)
Identifiable net assets acquired34
Less: Non-controlling interest proportionate share of identifiable net assets(7)
Goodwill on acquisition (described below)27
Purchase consideration54
The goodwill is attributable mainly to the cost and revenue synergies expected to be achieved from integrating Everrise’s operations, supplier network and assets into the Group’s future business expansion. The goodwill recognized is not deductible for tax purposes. The purchase consideration is entirely in the form of cash.
The Group has written an option granting the non-controlling shareholder ("Everrise Enterprise S.B.") the right to sell its 20% ownership interest to the Group from between three to five years after the date of acquisition. As Everrise Enterprise S.B. has present access to the returns until exercise of the option, the financial liability of $16 million arising from the put option, which is presented within “Other liabilities,” is not included in the consideration transferred, but is accounted for separately with a corresponding recognition within equity under “Other reserves”. Subsequent changes in the measurement of this liability will be recognized within equity.
ii)                  Acquisition of Validus Capital Pte Ltd ("Validus") - associated loan portfolio
On April 15, 2025, the Group acquired a 100% equity interest in Validus, a digital lending platform for small and medium-sized enterprises (SMEs) in Singapore, together with an SME loan portfolio originated via the platform. The Group has concluded that acquired set of assets and activities is a business. The acquisition will enable the Group to serve larger SMEs who are looking to optimize their cash flow and tap timely financing to capture business opportunities through short-term trade finance and supply chain financing.
The amount of revenue and profit after tax this business has contributed to the Group's results since acquisition is insignificant, as it also would have been if the acquisition has occurred on January 1, 2025. The acquisition related costs are also insignificant.
The following table summarizes the recognized amounts of assets acquired and liabilities assumed at the date of acquisition.
(in $ millions)$
Loan receivables in the financial services segment34
Other net assets2
Identifiable net assets acquired36
Goodwill on acquisition (described below)12
Purchase consideration*48
*Inclusive of contingent consideration of $2 million
Goodwill is attributable mainly to the cost and revenue synergies expected to be achieved from integrating the licensed lending platform, operational ecosystem, and assets into the Group’s future business expansion in digital SME lending. Goodwill recognized is not deductible for tax purposes. Purchase consideration is entirely in the form of cash.
There were no other material acquisitions of businesses during the financial years ended December 31, 2025 and 2024.
v3.25.4
Contingencies and commitments
12 Months Ended
Dec. 31, 2025
Contingencies And Commitments [Abstract]  
Contingencies and commitments Contingencies and commitments
i)                   Contingencies
The Group is involved in multiple legal proceedings which relate to a range of matters including personal injury or property damage cases, employment or labor-related disputes, contractual disputes with suppliers or commercial partners, disputes with third parties and regulatory inquiries; and also other proceedings relating to compliance with competition, privacy or other applicable regulations, including tax assessments in certain jurisdictions.
As at December 31, 2025 and 2024 in view of the uncertainty of the outcome of these proceedings, with the exception of certain specific legal claims (see Note 14), provisions for such claims have not been recognized as the Group does not consider these proceedings to result in obligations or in the outflow of resources.
ii)                  Commitments
The Group has entered into non-cancelable contracts which mainly pertain to purchase of data processing and technology platform infrastructure services, the commitments for which are summarized below.
Payments due by period
Total
Less than
1 year
1 to 5
years
(in $ millions)$$$
Non-cancelable purchase obligations494 104 390 
v3.25.4
Subsequent events
12 Months Ended
Dec. 31, 2025
Disclosure of non-adjusting events after reporting period [abstract]  
Subsequent events Subsequent events
i)                   In January 2026, the Group has acquired a minority equity interest in Vay Technology GmbH, a remote driving technology company that commercially operates in the United States, for cash consideration of $55 million, with a potential additional investment subject to meeting certain milestones and regulatory approvals within twelve months of its initial investment.
ii)                  In February 2026, the Group has entered into definitive agreements to acquire 100% equity interest in Stash Financial, Inc., a digital financial services provider in the United States. The consideration will include a combination of cash and shares. An initial payment for 50.1% equity interest will be made at the closing at an enterprise value of $425 million and payments for the remaining interest will be made at the fair value over three years after the closing subject to certain terms. The acquisition is expected to close in the third quarter of 2026, subject to regulatory approvals and other customary closing conditions.
iii)                 In February 2026, the Group announced the authorization of a share repurchase program, under which the Group may repurchase up to $500 million of the outstanding Class A ordinary shares.
v3.25.4
Insider Trading Policies and Procedures
12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
We maintain a cybersecurity risk management program designed to identify, assess, manage, mitigate, and respond to cybersecurity threats that could materially affect our business, operations, financial condition, or reputation. Cybersecurity risk management is integrated into our broader enterprise risk management (“ERM”) framework, reflecting our view that cybersecurity risks are integral to our overall risk profile. Under our ERM framework, our board of directors oversees the Company’s risk management efforts, including cybersecurity risks. Management supports this oversight through established governance structures and regular risk reporting. Our cybersecurity team is responsible for, among other things: (i) developing and maintaining cybersecurity policies and frameworks, including defining roles and responsibilities to implement these policies and frameworks; (ii) monitoring the evolving cybersecurity threat landscape, regulatory developments, and emerging risks, and communicating relevant developments to appropriate business and functional units; (iii) supporting and monitoring the implementation of cybersecurity risk management practices across the organization; (iv) providing targeted guidance and training on cybersecurity and risk management matters; and (v) sharing relevant cybersecurity risk information with our ERM team to support enterprise-wide risk assessments.
Our cybersecurity risk management approach incorporates a combination of preventive, detective, and responsive measures, including security controls, system maintenance and updates, employee awareness and training programs, and incident response and recovery planning. These measures are designed to reduce, but not eliminate, cybersecurity risks and are periodically reviewed and enhanced in response to changes in our business, technology environment, and threat landscape. We maintain cybersecurity policies and frameworks that are reviewed at least annually and are designed to address applicable legal and regulatory requirements in the jurisdictions in which we operate. Given the complexity and rapidly evolving nature of cybersecurity threats, we employ a multi-layered approach to identifying and managing cybersecurity risks related to our business and technical operations. This approach includes third-party security assessments, internal information technology audits, and internal security compliance reviews, which may be subject to internal and external audit processes. We also participate in information-sharing arrangements and receive threat intelligence from government agencies, industry groups, and cybersecurity organizations. Cybersecurity risks and vulnerabilities are evaluated based on their likelihood and potential impact, with close collaboration among our cybersecurity, ERM, data privacy, information technology, operations, legal, and finance teams.
We rely on third-party service providers, joint ventures, and other partners to support aspects of our platform and operations. As a result, a cybersecurity incident affecting a third party could materially adversely affect us, as well as driver-partners, merchant-partners, and users of our platform. To address these risks, we assess the cybersecurity practices of certain third-party service providers and partners through risk-based evaluations, including cybersecurity questionnaires, and we contractually require them to comply with specified cybersecurity and data protection requirements. We also require certain third parties to notify us of cybersecurity incidents that may affect us and conduct periodic reassessments based on their risk profiles.
We have experienced, and continue to experience, cybersecurity threats from time to time, including malware and computer virus attacks. While such incidents have not materially affected us to date, and despite our ongoing efforts to manage cybersecurity risks, there can be no assurance that we will be able to prevent, detect, or mitigate all cybersecurity incidents. Any failure to do so could have a material adverse effect on our business, operations, financial condition, or reputation. For a discussion of cybersecurity risks that could affect us, see “Item 3. Key Information—D. Risk Factors,” including the risk factors titled “Security, privacy, or data breaches involving sensitive, personal or confidential information could expose us to liability under various laws and regulations across jurisdictions, decrease trust in our platform, and increase the risk of litigation and governmental investigation” and “The proper uninterrupted functioning of our highly complex technology platform is essential to our business.”
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] Cybersecurity risk management is integrated into our broader enterprise risk management (“ERM”) framework, reflecting our view that cybersecurity risks are integral to our overall risk profile. Under our ERM framework, our board of directors oversees the Company’s risk management efforts, including cybersecurity risks. Management supports this oversight through established governance structures and regular risk reporting. Our cybersecurity team is responsible for, among other things: (i) developing and maintaining cybersecurity policies and frameworks, including defining roles and responsibilities to implement these policies and frameworks; (ii) monitoring the evolving cybersecurity threat landscape, regulatory developments, and emerging risks, and communicating relevant developments to appropriate business and functional units; (iii) supporting and monitoring the implementation of cybersecurity risk management practices across the organization; (iv) providing targeted guidance and training on cybersecurity and risk management matters; and (v) sharing relevant cybersecurity risk information with our ERM team to support enterprise-wide risk assessments.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
Our board of directors oversees the management of our cybersecurity risks, with support from the Audit Committee. The Audit Committee receives regular updates from management, typically quarterly, on our cybersecurity and information security posture, key cybersecurity risks, and the status of cybersecurity risk mitigation initiatives. These updates support the board’s oversight of how cybersecurity risks are identified, assessed, and managed within our broader risk management framework. At the management level, responsibility for assessing and managing material cybersecurity risks and incidents is shared among our Chief Financial Officer, Chief Technology Officer, head of Cybersecurity, and Group General Counsel. These members of management meet regularly to review cybersecurity performance metrics, evaluate emerging and material cybersecurity risks, and monitor the progress of cybersecurity initiatives and remediation efforts.
Our cybersecurity team conducts periodic, structured risk and compliance assessments aligned with prioritized internal cybersecurity policies, applicable regulatory requirements, and identified risk areas, as well as ad hoc assessments in response to risk acceptance requests and emerging risk scenarios. Assessment results are documented, tracked in a risk register, and reported to the Audit Committee as part of ongoing cybersecurity oversight and risk governance.
Three members of our board of directors have prior experience serving as senior executives or board
members at other organizations and have overseen or been involved in cybersecurity risk management. Our head of Cybersecurity is a senior member of our cybersecurity leadership team with more than 16 years of experience in cybersecurity risk management, application security, and the development and execution of cybersecurity strategies. Our Chief Technology Officer has held multiple roles within our technology organization since 2012 and brings deep institutional knowledge of our technology environment, cybersecurity risks, and the safeguards implemented to address those risks.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] The Audit Committee receives regular updates from management, typically quarterly, on our cybersecurity and information security posture, key cybersecurity risks, and the status of cybersecurity risk mitigation initiatives. These updates support the board’s oversight of how cybersecurity risks are identified, assessed, and managed within our broader risk management framework. At the management level, responsibility for assessing and managing material cybersecurity risks and incidents is shared among our Chief Financial Officer, Chief Technology Officer, head of Cybersecurity, and Group General Counsel.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The Audit Committee receives regular updates from management, typically quarterly, on our cybersecurity and information security posture, key cybersecurity risks, and the status of cybersecurity risk mitigation initiatives. These updates support the board’s oversight of how cybersecurity risks are identified, assessed, and managed within our broader risk management framework. At the management level, responsibility for assessing and managing material cybersecurity risks and incidents is shared among our Chief Financial Officer, Chief Technology Officer, head of Cybersecurity, and Group General Counsel. These members of management meet regularly to review cybersecurity performance metrics, evaluate emerging and material cybersecurity risks, and monitor the progress of cybersecurity initiatives and remediation efforts.
Cybersecurity Risk Role of Management [Text Block] At the management level, responsibility for assessing and managing material cybersecurity risks and incidents is shared among our Chief Financial Officer, Chief Technology Officer, head of Cybersecurity, and Group General Counsel. These members of management meet regularly to review cybersecurity performance metrics, evaluate emerging and material cybersecurity risks, and monitor the progress of cybersecurity initiatives and remediation efforts.
Our cybersecurity team conducts periodic, structured risk and compliance assessments aligned with prioritized internal cybersecurity policies, applicable regulatory requirements, and identified risk areas, as well as ad hoc assessments in response to risk acceptance requests and emerging risk scenarios. Assessment results are documented, tracked in a risk register, and reported to the Audit Committee as part of ongoing cybersecurity oversight and risk governance.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] Our board of directors oversees the management of our cybersecurity risks, with support from the Audit Committee. The Audit Committee receives regular updates from management, typically quarterly, on our cybersecurity and information security posture, key cybersecurity risks, and the status of cybersecurity risk mitigation initiatives.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]
Three members of our board of directors have prior experience serving as senior executives or board
members at other organizations and have overseen or been involved in cybersecurity risk management. Our head of Cybersecurity is a senior member of our cybersecurity leadership team with more than 16 years of experience in cybersecurity risk management, application security, and the development and execution of cybersecurity strategies. Our Chief Technology Officer has held multiple roles within our technology organization since 2012 and brings deep institutional knowledge of our technology environment, cybersecurity risks, and the safeguards implemented to address those risks.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]
Our cybersecurity team conducts periodic, structured risk and compliance assessments aligned with prioritized internal cybersecurity policies, applicable regulatory requirements, and identified risk areas, as well as ad hoc assessments in response to risk acceptance requests and emerging risk scenarios. Assessment results are documented, tracked in a risk register, and reported to the Audit Committee as part of ongoing cybersecurity oversight and risk governance.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
Material accounting policies (Policies)
12 Months Ended
Dec. 31, 2025
Disclosure Of Summary Of Material Accounting Policies [Abstract]  
Functional and presentation currency Functional and presentation currency
These consolidated financial statements are presented in United States dollars ($), which is the Company’s functional currency. All information presented in $ have been rounded to the nearest million, unless otherwise stated.
Use of estimates and judgements Use of estimates and judgments
In preparing these consolidated financial statements, management has made judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the year in which the estimates are revised and in any future years affected.
Information about critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the consolidated financial statements is included in the following notes:
Notes 3.11 and 19 – Revenue recognition: principal vs. agent considerations and customer identification
Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment to the carrying amounts within the next financial year are included in the following notes:
Note 5 – Impairment test of intangible assets and goodwill: key assumptions underlying recoverable amounts;
Notes 3.4(i) and 25 – Measurement of expected credit losses (“ECL”) for financial assets;
Notes 14 and 28 – Recognition and measurement of provisions and contingencies: key assumptions about the likelihood and magnitude of an outflow of resources;
Note 13 and 25 - Measurement of convertible notes- determining the fair value of embedded derivative on the basis of significant unobservable inputs and
Note 17 - recognition of deferred tax assets: availability of future taxable profit against which deductible temporary differences and tax losses carried forward can be utilized.
Measurement of fair values
Measurement of fair values
A number of the Group’s accounting policies and disclosures require the measurement of fair values, for both financial and non-financial assets and liabilities.
As part of an established control framework, significant unobservable inputs and valuation adjustments are regularly reviewed. If third-party information, such as broker quotes or pricing services, is used to measure fair values, such information is assessed to support the conclusion that such valuations meet the requirements of the IFRS Accounting Standards, including the level in the fair value hierarchy in which such valuations should be classified. When measuring the fair value of an asset or a liability, the Group uses observable market data as far as possible. Fair values are categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows:
Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices).
Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).
If the inputs used to measure the fair value of an asset or a liability fall into different levels of the fair value hierarchy, then the fair value measurement is categorized in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement (with Level 3 being the lowest).
The Group recognizes transfers between levels of the fair value hierarchy as of the end of the reporting year during which the change has occurred.
Further information about the assumptions made in measuring fair values is included in the following notes:
Note 5 – Intangible assets and goodwill;
Note 18 – Share-based payment arrangements; and
Note 25 – Financial instruments.
Change in accounting policies Change in accounting policies The amended standard on Lack of Exchangeability (Amendments to IAS 21) adopted from January 1, 2025 does not have a material effect on the financial statements.
Basis of consolidation Basis of consolidation
i)                   Business combinations
The Group accounts for business combinations using the acquisition method when the acquired set of activities and assets meets the definition of a business and control is transferred to the Group. In determining whether a particular set of activities and assets is a business, the Group assesses whether the set of assets and activities acquired includes, at a minimum, an input and substantive process and whether the acquired set has the ability to produce outputs.
The Group has an option to apply a ‘concentration test’ that permits a simplified assessment of whether an acquired set of activities and assets is not a business. The optional concentration test is met if substantially all the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets.
The Group measures goodwill at the date of acquisition, considering the following factors:
the fair value of the consideration transferred;
the recognized amount of any non-controlling interests (“NCI”) in the acquiree;
if the business combination is achieved in stages, the fair value of the pre-existing equity interest in the acquiree, over the net recognized amount (generally fair value) of the identifiable assets acquired and liabilities assumed.
Any goodwill that arises is tested annually for impairment.
The consideration transferred in the acquisition is generally measured at fair value, as are the identifiable net assets acquired. When the excess is negative, a bargain purchase gain is recognized immediately in profit or loss.
The consideration transferred does not include amounts related to the settlement of pre-existing relationships. Such amounts are generally recognized in profit or loss.
Any contingent consideration payable is recognized at fair value at the date of acquisition and included in the consideration transferred. If the contingent consideration that meets the definition of financial instruments is classified as equity, it is not remeasured and settlement is accounted for within equity. Otherwise, other contingent consideration is remeasured at fair value at each reporting date and subsequent changes to the fair value of the contingent consideration are recognized in profit or loss.
When share-based payments awards (replacement awards) are exchanged for awards held by the acquiree’s employees (acquiree’s awards) and related to past services, then all or a portion of the acquirer’s replacement awards is included in measuring the consideration transferred in the business combination. This determination is based on the market-based value of the replacement awards compared with the market-based value of the acquiree’s awards and the extent to which the replacement awards related to past and/or future service.
NCI that are present ownership interests and entitle their holders to a proportionate share of the acquiree’s net assets in the event of liquidation are measured either at fair value or at the NCI’s proportionate share of the recognized amounts of the acquiree’s identifiable net assets, at the date of acquisition. The measurement basis taken is elected on a transaction-by-transaction basis. All other NCI are measured at acquisition-date fair value, unless another measurement basis is required by IFRSs.
When the Group enters into a put option agreement with NCI shareholders in an existing subsidiary on their equity interests in that subsidiary, the Group recognizes a liability for the present value of the exercise price of the option that is expected to be settled in cash. If the NCI shareholders have present access to the returns until exercise of the option, the financial liability is recognized separately with a corresponding recognition within equity. Subsequent changes in the measurement of this liability are recognized within equity.
Costs related to the acquisition, other than those associated with the issue of debt or equity securities, that the Group incurs in connection with a business combination are expensed as incurred.
Changes in the Group’s interest in a subsidiary that do not result in a loss of control are accounted for as transactions with owners in their capacity as owners and therefore no adjustments are made to goodwill and no gain or loss is recognized in profit or loss. Adjustments to NCI arising from transactions that do not involve the loss of control are based on a proportionate amount of the net assets of the subsidiary.
ii)                  Subsidiaries
Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases.
The accounting policies of subsidiaries have been changed when necessary to align them with the policies adopted by the Group. Losses applicable to the NCI in a subsidiary are allocated to the NCI even if doing so causes the NCI to have a deficit balance.
iii)                 Loss of control
Upon the loss of control, the Group derecognizes the assets and liabilities of the subsidiary, any NCI, and the other components of equity related to the subsidiary. Any surplus or deficit arising on the loss of control is recognized in profit or loss. If the Group retains any interest in the former subsidiary, then such interest is measured at fair value at the date that control is lost.
iv)                 Investments in associates and joint ventures (equity-accounted investees)
Associates are those entities in which the Group has significant influence, but not control or joint control, over the financial and operating policies of these entities. Significant influence is presumed to exist when the Group holds 20% or more of the voting power of another entity. A joint venture is an arrangement in which the Group has joint control, whereby the Group has rights to the net assets of the arrangement, rather than rights to its assets and obligations for its liabilities.
Investments in associates and joint ventures are accounted for using the equity method. They are recognized initially at cost, which includes transaction costs. Subsequent to initial recognition, the consolidated financial statements include the Group’s share of the profit or loss and other comprehensive income (“OCI”) of equity-accounted investees, after adjustments to align the accounting policies with those of the Group, from the date that significant influence or joint control commences until the date that significant influence or joint control ceases.
When the Group’s share of losses exceeds its investment in an equity-accounted investee, the carrying amount of the investment, together with any long-term interests that form part thereof, is reduced to zero, and the recognition of further losses is discontinued except to the extent that the Group has an obligation to fund the investee’s operations or has made payments on behalf of the investee.
v)                 Transactions eliminated on consolidation
Intra-group balances and transactions, and any unrealized income or expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Unrealized gains arising from transactions with equity-accounted investees are eliminated against the investment to the extent of the Group’s interest in the investee. Unrealized losses are eliminated in the same way as unrealized gains, but only to the extent that there is no evidence of impairment.
Business combinations and Loss of control Business combinations
The Group accounts for business combinations using the acquisition method when the acquired set of activities and assets meets the definition of a business and control is transferred to the Group. In determining whether a particular set of activities and assets is a business, the Group assesses whether the set of assets and activities acquired includes, at a minimum, an input and substantive process and whether the acquired set has the ability to produce outputs.
The Group has an option to apply a ‘concentration test’ that permits a simplified assessment of whether an acquired set of activities and assets is not a business. The optional concentration test is met if substantially all the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets.
The Group measures goodwill at the date of acquisition, considering the following factors:
the fair value of the consideration transferred;
the recognized amount of any non-controlling interests (“NCI”) in the acquiree;
if the business combination is achieved in stages, the fair value of the pre-existing equity interest in the acquiree, over the net recognized amount (generally fair value) of the identifiable assets acquired and liabilities assumed.
Any goodwill that arises is tested annually for impairment.
The consideration transferred in the acquisition is generally measured at fair value, as are the identifiable net assets acquired. When the excess is negative, a bargain purchase gain is recognized immediately in profit or loss.
The consideration transferred does not include amounts related to the settlement of pre-existing relationships. Such amounts are generally recognized in profit or loss.
Any contingent consideration payable is recognized at fair value at the date of acquisition and included in the consideration transferred. If the contingent consideration that meets the definition of financial instruments is classified as equity, it is not remeasured and settlement is accounted for within equity. Otherwise, other contingent consideration is remeasured at fair value at each reporting date and subsequent changes to the fair value of the contingent consideration are recognized in profit or loss.
When share-based payments awards (replacement awards) are exchanged for awards held by the acquiree’s employees (acquiree’s awards) and related to past services, then all or a portion of the acquirer’s replacement awards is included in measuring the consideration transferred in the business combination. This determination is based on the market-based value of the replacement awards compared with the market-based value of the acquiree’s awards and the extent to which the replacement awards related to past and/or future service.
NCI that are present ownership interests and entitle their holders to a proportionate share of the acquiree’s net assets in the event of liquidation are measured either at fair value or at the NCI’s proportionate share of the recognized amounts of the acquiree’s identifiable net assets, at the date of acquisition. The measurement basis taken is elected on a transaction-by-transaction basis. All other NCI are measured at acquisition-date fair value, unless another measurement basis is required by IFRSs.
When the Group enters into a put option agreement with NCI shareholders in an existing subsidiary on their equity interests in that subsidiary, the Group recognizes a liability for the present value of the exercise price of the option that is expected to be settled in cash. If the NCI shareholders have present access to the returns until exercise of the option, the financial liability is recognized separately with a corresponding recognition within equity. Subsequent changes in the measurement of this liability are recognized within equity.
Costs related to the acquisition, other than those associated with the issue of debt or equity securities, that the Group incurs in connection with a business combination are expensed as incurred.
Changes in the Group’s interest in a subsidiary that do not result in a loss of control are accounted for as transactions with owners in their capacity as owners and therefore no adjustments are made to goodwill and no gain or loss is recognized in profit or loss. Adjustments to NCI arising from transactions that do not involve the loss of control are based on a proportionate amount of the net assets of the subsidiary.
iii)                 Loss of control
Upon the loss of control, the Group derecognizes the assets and liabilities of the subsidiary, any NCI, and the other components of equity related to the subsidiary. Any surplus or deficit arising on the loss of control is recognized in profit or loss. If the Group retains any interest in the former subsidiary, then such interest is measured at fair value at the date that control is lost.
Subsidiaries Subsidiaries
Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases.
The accounting policies of subsidiaries have been changed when necessary to align them with the policies adopted by the Group. Losses applicable to the NCI in a subsidiary are allocated to the NCI even if doing so causes the NCI to have a deficit balance.
Investments in associates and joint ventures (equity-accounted investees) Investments in associates and joint ventures (equity-accounted investees)
Associates are those entities in which the Group has significant influence, but not control or joint control, over the financial and operating policies of these entities. Significant influence is presumed to exist when the Group holds 20% or more of the voting power of another entity. A joint venture is an arrangement in which the Group has joint control, whereby the Group has rights to the net assets of the arrangement, rather than rights to its assets and obligations for its liabilities.
Investments in associates and joint ventures are accounted for using the equity method. They are recognized initially at cost, which includes transaction costs. Subsequent to initial recognition, the consolidated financial statements include the Group’s share of the profit or loss and other comprehensive income (“OCI”) of equity-accounted investees, after adjustments to align the accounting policies with those of the Group, from the date that significant influence or joint control commences until the date that significant influence or joint control ceases.
When the Group’s share of losses exceeds its investment in an equity-accounted investee, the carrying amount of the investment, together with any long-term interests that form part thereof, is reduced to zero, and the recognition of further losses is discontinued except to the extent that the Group has an obligation to fund the investee’s operations or has made payments on behalf of the investee.
Foreign currency Foreign currency
i)                   Foreign currency transactions
Transactions in foreign currencies are translated to the respective functional currencies of Group entities at the exchange rates at the date of the transactions. Monetary assets and liabilities denominated in foreign currencies are translated to the functional currency at the exchange rate at the reporting date. Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated into the functional currency at the exchange rate when the fair value was determined. Non-monetary items that are measured based on historical cost in a foreign currency are translated at the exchange rate at the date of the transaction. Foreign currency differences are recognized in profit or loss and presented within finance costs.
Foreign currency differences arising from the translation of investment in equity securities designated as fair value to other comprehensive income (“FVOCI”) are recognized in OCI.
ii)                  Foreign operations
The assets and liabilities of foreign operations are translated to United States dollars at exchange rates at the reporting date. The income and expenses of foreign operations are translated to United States dollars at average exchange rates.
Foreign currency differences are recognized in OCI and presented in the foreign currency translation reserve in equity except to the extent that the translation difference is allocated to NCI. When a foreign operation is disposed of in its entirety or partially such that control, significant influence or joint control is lost, the cumulative amount in the translation reserve related to that foreign operation is reclassified to profit or loss as part of the gain or loss on disposal. When the Group disposes of only part of its interest in a subsidiary that includes a foreign operation while retaining control, the relevant proportion of the cumulative amount is reattributed to NCI. When the Group disposes of only part of its investment in an associate or joint venture that includes a foreign operation while retaining significant influence or joint control, the relevant proportion of the cumulative amount is reclassified to profit or loss.
When the settlement of a monetary item receivable from or payable to a foreign operation is neither planned nor likely to occur in the foreseeable future, foreign exchange gains and losses arising from such a monetary item that are considered to form part of a net investment in a foreign operation are recognized in OCI and are presented in the translation reserve in equity.
Financial instruments Financial instruments
i)                   Recognition and initial measurement
Trade receivables are initially recognized when an unconditional right to consideration exists. All other financial assets and financial liabilities are initially recognized when the Group becomes a party to the contractual provisions of the instrument.
A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at fair value through profit or loss (“FVTPL”), transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price.
ii)                  Classification and subsequent measurement
a)Financial assets
On initial recognition, a financial asset is classified as measured at: amortized cost; FVOCI – debt investment; FVOCI – equity investment; or FVTPL.
Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting year following the change in the business model.
A financial asset is measured at amortized cost if it meets both of the following conditions and is not designated as at FVTPL:
it is held within a business model whose objective is to hold assets to collect contractual cash flows; and
its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL:
it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and
its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
On initial recognition of an equity investment that is not held-for-trading, the Group may irrevocably elect to present subsequent changes in the investment’s fair value in OCI. This election is made on an investment by investment basis.
All financial assets not classified as measured at amortized cost or FVOCI as described above are measured at FVTPL. This includes all derivative financial assets. On initial recognition, the Group may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise.
Financial assets – Business model assessment
The Group makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level because this best reflects the way the business is managed, and information is provided to management. The information considered includes:
the stated policies and objectives for the portfolio and the operation of those policies in practice. These include whether management’s strategy focuses on earning contractual interest income, maintaining a particular interest rate profile, matching the duration of the financial assets to the duration of any related liabilities or expected cash outflows or realizing cash flows through the sale of the assets;
how the performance of the portfolio is evaluated and reported to the Group’s management;
the risks that affect the performance of the business model (and the financial assets held within that business model) and how those risks are managed;
how managers of the business are compensated – e.g. whether compensation is based on the fair value of the assets managed or the contractual cash flows collected; and
the frequency, volume and timing of sales of financial assets in prior years, the reasons for such sales and expectations about future sales activity.
Transfer of financial assets to third parties in transactions that do not qualify for derecognition are not considered sales for this purpose, consistent with the Group’s continuing recognition of the assets.
Financial assets that are held-for-trading or are managed and whose performance is evaluated on a fair value basis are measured at FVTPL.
Financial assets – Assessment whether contractual cash flows are solely payments of principal and interest
For the purposes of this assessment, ‘principal’ is defined as the fair value of the financial asset on initial recognition. ‘Interest’ is defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks and costs (e.g. liquidity risk and administrative costs), as well as a profit margin.
In assessing whether the contractual cash flows are solely payments of principal and interest, the Group considers the contractual terms of the instrument. This includes assessing whether the financial asset contains a contractual term that could change the timing or amount of contractual cash flows such that it would not meet this condition. In making this assessment, the Group considers:
contingent events that would change the amount or timing of cash flows;
terms that may adjust the contractual coupon rate, including variable rate features;
prepayment and extension features; and
terms that limit the Group’s claim to cash flows from specified assets (e.g. non‑recourse features).
A prepayment feature is consistent with the solely payments of principal and interest criterion if the prepayment amount substantially represents unpaid amounts of principal and interest on the principal amount outstanding, which may include reasonable additional compensation for early termination of the contract. Additionally, for a financial asset acquired at a discount or premium to its contractual par amount, a feature that permits or requires prepayment at an amount that substantially represents the contractual par amount plus accrued (but unpaid) contractual interest (which may also include reasonable additional compensation for early termination) is treated as consistent with this criterion if the fair value of the prepayment feature is insignificant at initial recognition.
Financial assets – Subsequent measurement and gains and losses
Financial assets at FVTPL
These assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income, are recognized in profit or loss.
Financial assets at amortized cost
These assets are subsequently measured at amortized cost using the effective interest method. The amortized cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognized in profit or loss. Any gain or loss on derecognition is recognized in profit or loss.
Debt investments at FVOCI
These assets are subsequently measured at fair value. Interest income calculated using the effective interest method, foreign exchange gains and losses and impairment are recognized in profit or loss. Other net gains and losses are recognized in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss.
Equity investments at FVOCI
These assets are subsequently measured at fair value. Dividends are recognized as income in profit or loss unless the dividend clearly represents a recovery of part of the cost of the investment. Other net gains and losses are recognized in OCI and are never reclassified to profit or loss.
b)Financial liabilities – Classification, subsequent measurement and gains and losses
Financial liabilities are classified as measured at amortized cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held-for-trading, it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognized in profit or loss. Directly attributable transaction costs are recognized in profit or loss as incurred.
Other financial liabilities are initially measured at fair value less directly attributable transaction costs. They are subsequently measured at amortized cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognized in profit or loss. These financial liabilities comprise loans and borrowings, bank overdrafts, and trade and other payables.
iii)                 Derecognition
a)Financial assets
The Group derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset.
Where the Group enters into transactions whereby it transfers assets recognized in its statement of financial position but retains either all or substantially all of the risks and rewards of the transferred assets, the transferred assets are not derecognized.
b)Financial liabilities
The Group derecognizes a financial liability when its contractual obligations are discharged or canceled or expire. The Group also derecognizes a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value.
On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognized in profit or loss.
iv)                 Offsetting
Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when the Group currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to realize the asset and settle the liability simultaneously.
v)                  Cash and cash equivalents
Cash and cash equivalents comprise cash balances and short-term deposits with maturities of three months or less from the date of acquisition that are subject to an insignificant risk of changes in their fair value and are used by the Group in the management of its short-term commitments. For the purpose of the consolidated statement of cash flows, bank overdrafts that are repayable on demand and that form an integral part of the Group’s cash management are included in cash and cash equivalents.
vi)                 Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of ordinary shares are recognized as a deduction from equity, net of any tax effects.
vii)                Warrants
Share purchase warrants issued by the Group are accounted for as derivative liabilities. The warrants are initially recognized at fair value, and in subsequent periods measured at fair value through profit or loss with any changes in fair value recognized in profit or loss until the warrants are exercised, redeemed, or expire.
viii)               Embedded derivative
An embedded derivative is a component of a hybrid contract that also includes a non-derivative host – with the effect that some of the cash flows of the combined instrument vary in a way similar to a stand-alone derivative.
Derivatives embedded in hybrid contracts with a financial asset host are not separated. The entire hybrid contract is classified and subsequently measured as either amortized cost or fair value as appropriate.
Derivatives embedded in hybrid contracts with hosts that are not financial assets (e.g. financial liabilities) are treated as separate derivatives when they meet the definition of a derivative, their risks and characteristics are not closely related to those of the host contracts and the host contracts are not measured at FVTPL.
If the hybrid contract is a quoted financial liability, instead of separating the embedded derivative, the Group generally designates the whole hybrid contract at FVTPL.
An embedded derivative is presented as a non-current asset or non-current liability if the remaining maturity of the hybrid instrument to which the embedded derivative relates is more than 12 months and is not expected to be realized or settled within 12 months.
The Group’s accounting policy is to allocate all of the transaction costs to, and deduct from, the carrying amount of the non-derivative host contract on initial recognition and measure the embedded derivative at fair value on initial recognition.
Impairment Impairment
i)                   Non-derivative financial assets
The Group recognizes loss allowances for expected credit loss (“ECL”) on financial assets measured at amortized cost.
Loss allowances are measured on either of the following bases:
12-month ECLs: these are ECLs that result from default events that are possible within the 12 months after the reporting date (or for a shorter period if the expected life of the instrument is less than 12 months); or
Lifetime ECLs: these are ECLs that result from all possible default events over the expected life of a financial instrument or contract asset.
Simplified approach
The Group applies the simplified approach to provide for ECLs for all trade receivables. The simplified approach requires the loss allowance to be measured at an amount equal to lifetime ECLs.
General approach
The Group applies the general approach to provide for ECLs on all other financial instruments. Under the general approach, the loss allowance is measured at an amount equal to 12-month ECLs at initial recognition.
At each reporting date, the Group assesses whether the credit risk of a financial instrument has increased significantly since initial recognition. When credit risk has increased significantly since initial recognition, loss allowance is measured at an amount equal to lifetime ECLs.
When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Group’s historical experience and informed credit assessment and includes forward-looking information.
If credit risk has not increased significantly since initial recognition or if the credit quality of the financial instruments improves such that there is no longer a significant increase in credit risk since initial recognition, loss allowance is measured at an amount equal to 12-month ECLs.
The Group considers a financial asset to be in default when:
the borrower is unlikely to pay its credit obligations to the Group in full, without recourse by the Group to actions such as realizing security (if any is held); or
the financial asset is more than 90 days past due (more than 120 days past due for trade receivables).
Measurement of ECLs
ECLs are probability-weighted estimates of credit losses. Credit losses are measured at the present value of all cash shortfalls (i.e., the difference between the cash flows due to the Group in accordance with the contract and the cash flows that the Group expects to receive). ECLs are discounted at the effective interest rate of the financial asset.
Credit-impaired financial assets
At each reporting date, the Group assesses whether financial assets carried at amortized cost and debt investments at FVOCI are ‘credit-impaired’. A financial asset is ‘credit-impaired’ when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred.
Evidence that a financial asset is credit-impaired includes the following observable data:
significant financial difficulty of the borrower or issuer;
a breach of contract such as a default or being more than 90 days past due (more than 120 days past due for trade receivables);
the restructuring of a loan or advance by the Group on terms that the Group would not consider otherwise;
it is probable that the borrower will enter bankruptcy or another financial reorganization; or
the disappearance of an active market for a security because of financial difficulties.
Presentation of allowance for ECLs in the statement of financial position
Loss allowances for financial assets measured at amortized cost are deducted from the gross carrying amount of the assets.
Write-off
The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when the Group determines that the debtor does not have assets or sources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. However, financial assets that are written off could still be subject to enforcement activities to comply with the Group’s procedures for recovery of amounts due.
ii)                  Non-financial assets
The carrying amounts of the Group’s non-financial assets, other than inventories and deferred tax assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset’s recoverable amount is estimated. Goodwill, and intangible assets that have indefinite useful lives or that are not yet available for use, are tested annually for impairment and the recoverable amount is estimated each year.
An impairment loss is recognized if the carrying amount of an asset or its related cash-generating unit (“CGU”) exceeds its estimated recoverable amount.
The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or CGUs. Subject to an operating segment ceiling test, for the purposes of goodwill impairment testing, CGUs to which goodwill has been allocated are aggregated so that the level at which impairment testing is performed reflects the lowest level at which goodwill is monitored for internal reporting purposes. Goodwill acquired in a business combination is allocated to groups of CGUs that are expected to benefit from the synergies of the combination.
The Group’s corporate assets do not generate separate cash inflows and are utilized by more than one CGU. Corporate assets are allocated to CGUs on a reasonable and consistent basis and tested for impairment as part of the testing of the CGU to which the corporate asset is allocated.
Impairment losses are recognized in profit or loss. Impairment losses recognized in respect of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to the CGU (group of CGUs), and then to reduce the carrying amounts of the other assets in the CGU (group of CGUs) on a pro rata basis.
An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognized in prior years are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized.
Goodwill that forms part of the carrying amount of an investment in an associate is not recognized separately, and therefore is not tested for impairment separately. Instead, the entire carrying amount is tested for impairment as a single asset when there is objective evidence that the investment in an associate may be impaired.
Property, plant and equipment Property, plant and equipment
i)                   Recognition and measurement
Property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses.
Cost includes expenditures that are directly attributable to the acquisition of the asset. The cost of self-constructed assets includes:
any other costs directly attributable to bringing the assets to a working condition for their intended use; and
when the Group has an obligation to remove the asset or restore the site, an estimate of the costs of dismantling and removing the items and restoring the site on which they are located.
Purchased software that is integral to the functionality of the related equipment is capitalized as part of that equipment.
When parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items (major components) of property, plant and equipment.
The gain or loss on disposal of an item of property, plant and equipment is recognized in profit or loss and presented within other expenses.
ii)                  Subsequent costs
The cost of replacing a component of an item of property, plant and equipment is recognized in the carrying amount of the item if it is probable that the future economic benefits embodied within the component will flow to the Group, and its cost can be measured reliably. The carrying amount of the replaced component is derecognized. The costs of the day-to-day servicing of property, plant and equipment are recognized in profit or loss as incurred and presented within cost of revenue and general and administrative expenses.
iii)                 Depreciation
Depreciation is based on the cost of an asset less its residual value. Significant components of individual assets are assessed and if a component has a useful life that is different from the remainder of that asset, that component is depreciated separately.
Depreciation is recognized as an expense in profit or loss on a straight-line basis over the estimated useful lives of each component of an item of property, plant and equipment, unless it is included in the carrying amount of another asset.
Depreciation is recognized from the date that the property, plant and equipment is installed and is ready for use, or in respect of internally constructed assets, from the date that the asset is completed and ready for use.
The estimated useful lives for the current and comparative years are as follows:
Computers
2 - 3 years
Building and renovation
3 - 5 years
Motor vehicles
5 - 10 years
Office and other equipment
4 - 5 years
Depreciation methods, useful lives and residual values are reviewed at the end of each reporting year and adjusted if appropriate.
Intangible assets and goodwill Intangible assets and goodwill
i)                   Recognition and measurement
a)Goodwill
Goodwill that arises upon the acquisition of subsidiaries is included in intangible assets. Goodwill is measured at cost less accumulated impairment losses. In respect of associates, the carrying amount of goodwill is included in the carrying amount of the investment, and an impairment loss on such an investment is not allocated to any assets, including goodwill, that form part of the carrying amount of the associates.
b)Research and development
Expenditure on research activities, undertaken with the prospect of gaining new scientific or technical knowledge and understanding is recognized in profit or loss as incurred.
Development activities involve a plan or design for the production of new or substantially improved products and processes. Development expenditures are capitalized only if development costs can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the Group intends to and has sufficient resources to complete development and to use or sell the asset. The expenditure capitalized includes the cost of material, direct labor and overhead costs that are directly attributable to preparing the asset for its intended use. Other development expenditures are recognized in profit or loss as incurred.
Capitalized development expenditures are measured at cost less accumulated amortization and accumulated impairment losses.
c)Other intangible assets
Other intangible assets, including trademarks and non-compete agreement that are acquired by the Group and have finite useful lives, are measured at cost less accumulated amortization and accumulated impairment losses. The non-compete agreement prohibits the counterparty from competing with Grab in multiple business verticals within Southeast Asia, including the ride-sharing industry.
ii)                  Subsequent expenditure
Subsequent expenditure is capitalized only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure, including expenditure on internally generated goodwill and brands is recognized in profit or loss as incurred and presented within general and administrative expenses.
iii)                 Amortization
Amortization is calculated based on the cost of the asset, less its residual value.
Amortization is recognized in profit or loss on a straight-line basis over the estimated useful lives of intangible assets, other than the non-compete agreement and goodwill, from the date that they are available for use. For the non-compete agreement, amortization was recognized based on a diminishing balance method that reflected the pattern in which future economic benefits arising from the non-compete agreement were expected to be consumed by the Group.
The estimated useful lives for the current and comparative years are as follows:
Trademarks
13 - 18 years
Non-compete agreement
4 years
Other intangible assets
3 - 5 years
Amortization methods, useful lives and residual values are reviewed at the end of each reporting year and adjusted if appropriate.
Leases Leases
At inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.
i)                   As a lessee
At commencement or on modification of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease component on the basis of its relative stand-alone prices. The Group recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.
The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term, unless the lease transfers ownership of the underlying asset to the Group by the end of the lease term or the cost of the right-of-use asset reflects that the Group will exercise a purchase option. In that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined on the same basis as those of property and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.
The right-of-use asset is subsequently stated at cost less accumulated depreciation and impairment losses.
The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group’s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the discount rate.
The Group determines its incremental borrowing rate by obtaining interest rates from various external financing sources and makes certain adjustments to reflect the terms of the lease and type of the asset leased.
Lease payments included in the measurement of the lease liability comprise the following:
fixed payments, including in-substance fixed payments;
variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date;
amounts expected to be payable under a residual value guarantee; and
the exercise price under a purchase option that the Group is reasonably certain to exercise, lease payments in an optional renewal period if the Group is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Group is reasonably certain not to terminate early.
The lease liability is measured at amortized cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Group’s estimate of the amount expected to be payable under a residual value guarantee, if the Group changes its assessment of whether it will exercise a purchase, extension or termination option or if there is a revised in-substance fixed lease payment.
When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.
The Group presents right-of-use assets that do not meet the definition of investment property in ‘property, plant and equipment’ and lease liabilities in ‘loans and borrowings’ in the statement of financial position.
Short-term leases and leases of low-value assets
The Group has elected not to recognize right-of-use assets and lease liabilities for leases of low-value assets and short-term leases. The Group recognizes the lease payments associated with these leases as an expense on a straight-line basis over the lease term.
ii)                  As a lessor
At inception or on modification of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease component on the basis of their relative standalone prices.
When the Group acts as a lessor, it determines at lease inception whether each lease is a finance lease or an operating lease.
To classify each lease, the Group makes an overall assessment of whether the lease transfers substantially all of the risks and rewards incidental to ownership of the underlying asset. If this is the case, then the lease is a finance lease; if not, then it is an operating lease. As part of this assessment, the Group considers certain indicators such as whether the lease is for the major part of the economic life of the asset.
When the Group is an intermediate lessor, it accounts for its interests in the head lease and the sub-lease separately. It assesses the lease classification of a sub-lease with reference to the right-of-use asset arising from the head lease, not with reference to the underlying asset. If a head lease is a short-term lease to which the Group applies the exemption described above, then it classifies the sub-lease as an operating lease.
If an arrangement contains lease and non-lease components, then the Group applies IFRS 15 to allocate the consideration in the contract.
The Group applies the derecognition and impairment requirements in IFRS 9 to the net investment in the lease. The Group further regularly reviews estimated unguaranteed residual values used in calculating the gross investment in the lease.
The Group leases motor vehicles to driver-partners who typically use the vehicles to provide transport and delivery services through Grab Platform. The Group recognizes lease payments received under operating leases as income on a straight-line basis over the lease term as part of ‘Revenue’. Rental income from lease of motor vehicles is presented as a part of ‘Mobility revenue (see Note 3.11(i))’.
Inventories Inventories
Inventories are measured at the lower of cost and net realizable value. The cost of inventories is based on the first-in first-out or weighted average allocation methods depending on the nature of inventory, and includes expenditure incurred in acquiring the inventories, production or conversion costs, and other costs incurred in bringing them to their existing location and condition.
Net realizable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and estimated costs necessary to make the sale.
Employee benefits Employee benefits
i)                   Defined contribution plans
A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognized as an employee benefit expense in profit or loss in the years during which related services are rendered by employees.
ii)                  Defined benefits plans
A defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The Group’s net obligation in respect of defined benefits plans is calculated separately for each plan by estimating the amount of future benefit that employees have earned in return for their service in the current and prior years that benefit is discounted to determine its present value. The fair value of any plan assets is deducted. The Group determines the net interest expense (income) on the net defined benefit liability (asset) for the year by applying the discount rate used to measure the defined benefit obligation at the beginning of the annual period to the net defined liability (asset).
The discount rate is the yield at the reporting date on bonds that have maturity dates approximating the terms of the Group’s obligations and that are denominated in the currency in which the benefits are expected to be paid.
The calculation is performed annually by a qualified actuary using the projected unit credit method. When the calculation results in a benefit to the Group, the recognized asset is limited to the present value of economic benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan. In order to calculate the present value of economic benefits, consideration is given to any minimum funding requirements that apply to any plan in the Group. An economic benefit is available to the Group if it is realizable during the life of the plan, or on settlement of the plan liabilities.
Remeasurements of the net defined benefit liability comprise actuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest). The Group recognizes them immediately in OCI and all expenses related to defined benefit plans in employee benefits expense in profit or loss. When the benefits of a plan are changed, or when a plan is curtailed, the portion of the changed benefit related to past service by employees, or the gain or loss on curtailment is recognized immediately in profit or loss when the plan amendment or curtailment occurs.
The Group recognizes gains and losses on the settlement of a defined benefit plan when the settlement occurs. The gain or loss on settlement is the difference between the present value of the defined benefit obligation being settled as determined on the date of settlement and the settlement price, including any plan assets transferred and any payments made directly by the Group in connection with the settlement.
iii)                 Short-term employee benefits
Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided. A liability is recognized for the amount expected to be paid under short-term cash bonus or profit-sharing plans if the Group has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee, and the obligation can be estimated reliably.
iv)                 Employee leave entitlement
Employee entitlements to annual leave are recognized when they accrue to employees. A provision is made for the estimated liability for annual leave as a result of services rendered by employees up to the reporting date.
v)                  Share-based payment transactions
The grant date fair value of equity-settled share-based payment awards granted to employee is recognized as an employee expense, with a corresponding increase in equity, over the period that the employees unconditionally become entitled to the awards. The amount recognized as an expense is adjusted to reflect the number of awards for which the related service and non-market performance conditions are expected to be met, such that the amount ultimately recognized as an expense is based on the number of awards that meet the related service and non-market performance conditions at the vesting date. For share-based payment awards with non-vesting conditions, the grant date fair value of the share-based payment is measured to reflect such conditions and there is no true-up for differences between expected and actual outcomes.
When the terms of an equity-settled award are modified, the minimum expense recognized is the grant date fair value of the unmodified award, provided the original vesting terms of the award are met. An additional expense, measured as at the date of modification, is recognized for any modification that increases the total fair value of the share-based payment transaction, or is otherwise beneficial to the employee. Where an award is canceled by the entity or by the counterparty, any remaining element of the fair value of the award is expensed immediately through profit or loss.
Provisions Provisions
A provision is recognized if, as a result of a past event, the Group has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognized as a finance cost.
Provisions for dismantlement, removal and restoration are recognized when the Group has a present legal or constructive obligation as a result of past events, it is more likely than not that an outflow of resources will be required to settle the obligation and the amounts have been reliably estimated.
The Group recognizes the estimated costs of dismantlement, removal or restoration of items of property, plant and equipment arising from the acquisition or use of assets. This provision is estimated based on the best estimate of the expenditure required to settle the obligation, taking into consideration time value.
Changes in the estimated timing or amount of the expenditure or discount rate for asset dismantlement, removal and restoration costs are adjusted against the cost of the related property, plant and equipment, unless the decrease in the liability exceeds the carrying amount of the assets or the asset has reached the end of its useful life. In such cases, the excess of the decrease over the carrying amount of the asset or the changes in the liability is recognized in profit or loss immediately.
Revenue Revenue
The Group recognizes revenue as or when it satisfies its service obligations. The Group earns revenue predominantly from the following services:
i)                   Revenue by segment
a)Deliveries
Fees earned from driver-partners, merchant-partners and consumers for connecting driver-partners and merchant-partners with consumers to facilitate delivery of a variety of daily necessities, including ready-to-eat meals and groceries, as well as point-to-point parcel delivery. Deliveries revenue also includes delivery fees charged to consumers in certain markets where the Group is responsible for delivery services, income earned from the sale of a variety of daily necessities through the operation of a chain of physical stores in certain markets, and advertising revenue arising from promoted listings and banner advertisements, enabling merchant-partners to promote their businesses on the Grab platform.
b)Mobility
Fees earned from driver-partners and consumers for connecting consumers with transportation rides provided by driver-partners across a variety of multi-modal mobility options, and advertising revenue arising from online and offline advertising solutions which include in-car product placements and mobile billboards. Mobility revenue also includes rental income from the leasing of motor vehicles to driver-partners, who typically use the vehicles to offer services through the Grab Platform (see Note 3.7(ii) for lease accounting as a lessor).
Deliveries and Mobility: principal vs. agent considerations and related revenue recognition
The Group enters into service agreements with driver-partners and merchant-partners to use the Grab Platform. A contract exists between the Group and the driver-partners and merchant-partners once they accept a transaction request and their ability to cancel the transaction lapses. The Group evaluates the presentation of revenue on a gross or net basis based on whether it acts as a principal by controlling the service provided to the consumer, or whether it acts as an agent by arranging for third parties to provide the service to the consumer.
The Group predominantly facilitates the provision of the service by driver-partners and merchant-partners to consumers, for the driver-partners and merchant-partners to fulfill their contractual promise to the consumers. The driver-partners and merchant-partners fulfill their promise to provide a service to their customer through use of the Grab Platform. While in these agreements the Group facilitates setting the price for services, the driver-partners and consumers have the discretion in accepting the transaction price through the Grab Platform. In these agreements, the Group is not responsible for fulfilling the services being provided to the consumer nor does the Group have inventory risk related to these services. With regard to these agreements, the Group has concluded that the Group is acting as an agent to facilitate the successful completion of delivery and transportation services by the driver-partners and merchant-partners to consumers.
In enabling connection in these agreements, the driver-partners, merchant-partners and consumers are considered the Group’s customers; with the Group having a separate performance obligation to each:
the driver-partners (to connect the drive-partners with consumers to facilitate and successfully complete transportation and delivery services),
the merchant-partners (to connect the merchant-partners with consumers to facilitate and successfully complete ordering services); and
the consumer (to connect the consumer with driver-partners and merchant-partners).
The Group recognizes fees on the completion of a successful transportation or delivery service by driver-partners and merchant-partners. With regard to these agreements, the Group recognizes revenue on a net basis, reflecting the fees owed to the Group from the driver-partners, merchant-partners and consumers as revenue, and not the gross amount collected from consumers.
In certain markets, the Group is responsible for delivery services to consumers and separately subcontracts with driver-partners or third-party couriers to perform the delivery on behalf of the Group. With regard to these agreements, the Group is the principal controlling the delivery services to consumers and therefore recognizes the delivery fees charged to consumers as revenue, with payments to driver-partners or third-party couriers recognized in 'Cost of revenue' (see Note 3.12).
c)Financial services
Financial services revenue predominantly comprises:
interest earned on loans and advances provided to merchant-partners, driver-partners and consumers, interest earned on loan receivables and investment securities through the digital banking business (see Note 3.3(ii) for measurement of financial assets at amortized cost), insurance distribution offerings, and associated advertising revenue.
fees earned from digital payment processing services charged to merchant-partners primarily based on the net value payments successfully completed through the Grab platform. Transaction fee revenue resulting from a payment processing transaction is recognized once the transaction is complete.
d)Others
A combination of multiple operating business activities that are not individually material. They include mapping services, autonomous vehicle services and last-mile delivery infrastructure. Revenue is recognized once the obligation to provide the service is satisfied.
ii)                  Incentives to customers
The Group evaluates the presentation of the incentives paid to customers based on whether the Group receives a separate identifiable benefit from the respective customer. The Group has concluded that it does not receive distinct goods or services from the respective customer and the incentives are therefore recorded as a reduction from fees received from the respective customer. To the extent that such incentives exceed the amount of fees received from the respective customer, the excess is recorded as negative revenue. For loyalty rewards offered to customers as part of revenue transactions, the Group defers a portion of the revenue based on the estimated standalone selling price of the loyalty rewards earned and recognizes the revenue as they are redeemed in future transactions or when the rewards expire.
Expenses Expenses
The main components of the Group’s expenses by function are as follows:
i)Cost of revenue comprises expenses directly or indirectly attributable to the Group's Deliveries, Mobility, Financial Services and other offerings (see Note 3.11) and primarily consists of data management and platform related technology costs including amortization of technology and market activity related intangible assets, cost of goods sold in our supermarket operations, payments to driver-partners where the Group is responsible for delivery services to consumers (see Note 3.11), compensation costs (including share-based compensation) for operations and support personnel, payment processing fees, costs incurred in relation to its motor vehicle fleet used for rental services including depreciation and impairment; and an allocation of associated corporate costs such as depreciation of right-of-use assets.
ii)Sales and marketing primarily consist of marketing and advertising costs, compensation costs (including share-based compensation) to sales and marketing employees and an allocation of associated corporate costs such as depreciation of right-of-use assets.
iii)Research and development expenses primarily consist of compensation cost (including share-based compensation) to engineering, design, product development and data analytics employees, and allocation of associated corporate costs such as depreciation of right-of-use assets.
iv)General and administrative expenses primarily consist of compensation costs (including share-based compensation) for executive management and administrative personnel (including finance and accounting, human resources, policy and communications, legal, public affairs, corporate IT, corporate security and general administration employees), occupancy and facility costs, administrative fees, professional service fees, depreciation on certain corporate assets, legal settlement accrual and allocation of associated corporate costs such as depreciation of right-of-use assets.
Finance income and finance costs Finance income and finance costs
The Group’s net finance income or costs include:
interest income;
interest expense;
the net gain or loss on financial instruments at FVTPL;
the gain or loss arising from other investing activities ;
the foreign currency gain or loss on financial assets and financial liabilities;
the gain or loss on modification of financial liabilities; and
the unwinding of the discount on provisions.
Interest income or expense is recognized using the effective interest method.
The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument to:
the gross carrying amount of the financial asset; or
the amortized cost of the financial liability.
In calculating interest income and expense, the effective interest rate is applied to the gross carrying amount of the asset (when the asset is not credit-impaired) or to the amortized cost of the liability. However, for financial assets that have become credit-impaired subsequent to initial recognition, interest income is calculated by applying the effective interest rate to the amortized cost of the financial asset. If the asset is no longer credit-impaired, then the calculation of interest income reverts to the gross basis.
Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognized in profit or loss using the effective interest rate method.
Related parties Related parties
For the purposes of these consolidated financial statements, parties are considered to be related to the Group if the Group has the ability, directly or indirectly, to control the party or exercise significant influence over the party in making financial and operating decisions, or vice versa, or where the Group and the party are subject to common control or common significant influence. Related parties may be individuals or other entities.
Income tax Income tax
Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognized in profit or loss except to the extent that they relate to a business combination, or items recognized directly in equity or in OCI.
The Group has determined that interest and penalties related to income taxes, including uncertain tax treatments, do not meet the definition of income taxes, and therefore accounted for them under IAS 37 Provisions, Contingent Liabilities and Contingent Assets.
Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. The amount of current tax payable or receivable is the best estimate of the tax amount expected to be paid or received that reflects uncertainty related to income taxes, if any. Current tax assets and liabilities are offset only if certain criteria are met.
Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for:
temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss;
temporary differences related to investments in subsidiaries to the extent that the Group is able to control the timing of the reversal of the temporary difference and it is probable that they will not reverse in the foreseeable future; and
taxable temporary differences arising on the initial recognition of goodwill.
The measurement of deferred taxes reflects the tax consequences that would follow the manner in which the Group expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, based on the laws that have been enacted or substantively enacted by the reporting date.
Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized simultaneously.
Deferred tax assets are recognized for unused tax losses, unused tax credits and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they can be used. Future taxable profits are determined based on the reversal of relevant taxable temporary differences. If the amount of taxable temporary differences is insufficient to recognize a deferred tax asset in full, then future taxable profits, adjusted for reversals of existing temporary differences, are considered, based on the business plans for individual subsidiaries in the Group. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized; such reductions are reversed when the probability of future taxable profits improves.
Unrecognized deferred tax assets are reassessed at each reporting date and recognized to the extent that it has become probable that future taxable profits will be available against which they can be used.
In determining the amount of current and deferred tax, the Group takes into account the impact of uncertain tax positions and whether additional taxes and interest may be due. The Group believes that its accruals for income tax liabilities are adequate for all open tax years based on its assessment of many factors, including interpretations of tax law and prior experience. This assessment relies on estimates and assumptions and may involve a series of judgments about future events. New information may become available that causes the Group to change its judgment regarding the adequacy of existing tax liabilities; such changes to tax liabilities will impact income tax expense in the period that such a determination is made.
The Group has determined that the global minimum top-up tax – which it is required to pay under Pillar Two legislation – is an income tax in the scope of IAS 12. The Group has applied a temporary mandatory relief from deferred tax accounting for the impacts of the top-up tax and accounts for it as a current tax when it is incurred.
Earnings (Loss) per share Earnings/ (Loss) per shareThe Group presents basic and diluted earnings (loss) per share data for its ordinary shares. Basic earnings (loss) per share is calculated by dividing the profit (loss) to ordinary shareholders by the weighted-average number of ordinary shares outstanding during the year, adjusted for own shares held. Diluted earnings (loss) per share is calculated by giving effect to all potential weighted average dilutive ordinary shares. For diluted earnings (loss) per share, the dilutive effect is reflected by the application of the treasury stock method.
Segment reporting Segment reporting
An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Group’s other components. The operating results are reviewed regularly by the Group’s chief executive officer (the Chief Operating Decision Maker or “CODM”) to make decisions about resources to be allocated to the segment and to assess its performance, and for which discrete financial information is available. Segment results that are reported to the Group’s CODM include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. Unallocated items comprise mainly corporate assets, head office expenses, and tax assets and liabilities.
Standards issued but not yet effective Standards issued but not yet effective
A number of new standards are effective for annual periods beginning after January 1, 2025 and earlier application is permitted. However, the Group has not early adopted the new or amended standards in preparing these consolidated financial statements, the expected implications of which are summarized below:
A.IFRS 18 Presentation and Disclosure in Financial Statements
IFRS 18 will replace IAS 1 Presentation of Financial Statements and applies for annual periods beginning on or after 1 January 2027. The new standard introduces the following key new requirements.
Entities are required to classify all income and expenses into five categories in the statement of profit or loss, namely the operating, investing, financing, discontinued operations and income tax categories. Entities are also required to present a newly-defined operating profit subtotal. Entities' net profit will not change.
Management-defined performance measures (MPMs) are disclosed in a single note in the financial statements
Enhanced guidance is provided on how to group information in the financial statements.
In addition, all entities are required to use the operating profit subtotal as the starting point for the statement of cash flows when presenting operating cash flows under the indirect method.
The Group is still in the process of assessing the impact of the new standard, particularly with respect to the structure of the Group’s statement of profit or loss, the statement of cash flows and the additional disclosures required for MPMs.
B. Other accounting standards
The following new and amended IFRS Accounting Standards are not expected to have a significant impact on the Group's consolidated financial statements.
Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)
Annual Improvements to IFRS Accounting Standards Volume 11
v3.25.4
Material accounting policies (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure Of Summary Of Material Accounting Policies [Abstract]  
Summary of Estimated Useful Lives for Property, Plant and Equipment
The estimated useful lives for the current and comparative years are as follows:
Computers
2 - 3 years
Building and renovation
3 - 5 years
Motor vehicles
5 - 10 years
Office and other equipment
4 - 5 years
Summary of Estimated Useful Lives for Intangible Assets
The estimated useful lives for the current and comparative years are as follows:
Trademarks
13 - 18 years
Non-compete agreement
4 years
Other intangible assets
3 - 5 years
v3.25.4
Property, plant and equipment (Tables)
12 Months Ended
Dec. 31, 2025
Property, plant and equipment [abstract]  
Summary of reconciliation of carrying amount of property, plant and equipment
i)                   Reconciliation of carrying amount
NoteComputers
Buildings
and
renovation
Motor
vehicles held
for leasing
Office
and other
equipment
Total
(in $ millions)$$$$$
Cost
At January 1, 202478 297 592 67 1,034 
Additions13 30 150 12 205 
Acquisition through business combination
***
Write-offs/disposal(12)(20)(60)(1)(93)
Effects of movements in exchange rates(2)*(20)*(22)
At December 31, 202477 308 662 78 1,125 
Additions20 57 284 13 374 
Acquisition through business combination27— 28 — 29 
Write-offs/disposal(11)(23)(55)(6)(95)
Effects of movements in exchange rates20 26 52 
At December 31, 202587 390 917 91 1,485 
 NoteComputers
Buildings
and
renovation
Motor
vehicles held
for leasing
Office
and other
equipment
Total
(in $ millions)$$$$$
Accumulated depreciation and impairment losses
At January 1, 202463 125 298 36 522 
Depreciation for the year12 44 57 122 
Write-offs/disposal(12)(19)(45)(1)(77)
Effects of movements in exchange rates(1)*(8)*(9)
At December 31, 202462 150 302 44 558 
Depreciation for the year14 47 73 11 145 
Write-offs/disposal(11)(21)(39)(6)(77)
Impairment loss— — *— *
Effects of movements in exchange rates12 11 28 
At December 31, 202566 188 347 53 654 
Carrying amounts    
At January 1, 202415 172 294 31 512 
At December 31, 202415 158 360 34 567 
At December 31, 202521 202 570 38 831 
*Amount less than $1 million
v3.25.4
Intangible assets and goodwill (Tables)
12 Months Ended
Dec. 31, 2025
Intangible assets and goodwill [abstract]  
Summary of Reconciliation of Carrying Amount of Intangible​ Assets​ and​ Goodwill Reconciliation of carrying amount
 GoodwillTrademarksNon-compete agreementOther intangible assetsTotal
(in $ millions)$$$$$
Cost
At January 1, 2024875 69 1,644 155 2,743 
Additions— — — 
Internally developed— — — 40 40 
Acquisition through business combination
38 — 41 
Disposals/Write-off— — — **
Effects of movements in exchange rates— — — (1)(1)
At December 31, 2024913 70 1,644 200 2,827 
Additions— — — 
Internally developed— — — 31 31 
Acquisition through business combination57 18 — 80 
Disposals/Write-off— — — (3)(3)
Effects of movements in exchange rates— — — 
At December 31, 2025970 88 1,644 237 2,939 
GoodwillTrademarksNon-compete agreementOther intangible assetsTotal
(in $ millions)$$$$$
Accumulated amortization and impairment losses
At January 1, 202468 10 1,644 105 1,827 
Amortization for the year— — 19 25 
Disposal/Write-off— — — **
Effects of movements in exchange rates— — — **
At December 31, 202468 16 1,644 124 1,852 
Amortization for the year— — 25 32 
Disposal/Write-off— — — (3)(3)
Effects of movements in exchange rates— — — 
At December 31, 202568 23 1,644 147 1,882 
Carrying amounts    
At January 1, 2024807 59 — 50 916 
At December 31, 2024845 54 — 76 975 
At December 31, 2025902 65 — 90 1,057 
*Amount less than $1 million
Summary of Amortization of Intangible Assets
202520242023
(in $ millions)$$$
Amortization of intangible assets32 25 17 
Summary of Impairment Testing for CGUs Containing Goodwill
For the purposes of impairment testing, goodwill has been allocated (net of impairment loss recognized) to the Group’s CGUs as follows:
 Note20252024
(in $ millions)reference$$
Goodwill allocated
Southeast Asia Ride Hailing CGUs5(iii)(a)606 606 
Malaysia Mart CGU5(iii)(b)190 163 
Indonesia Payment CGU5(iii)(c)34 34 
Other units with individually insignificant goodwill72 42 
v3.25.4
Other investments (Tables)
12 Months Ended
Dec. 31, 2025
Other Financial Investments [Abstract]  
Summary of Other Investments
20252024
(in $ millions)$$
Non-current investments
Time deposits261 273 
Debt investments – at FVTPL240 187 
Debt investments – at FVOCI132 98 
Equity investments – at FVTPL390 207 
1,023 765 
Current investments  
Time deposits1,296 1,425 
Debt investments – at FVTPL1,082 247 
Debt investments – at FVOCI22 169 
Debt investments – at amortized cost971 824 
3,371 2,665 
4,394 3,430 
v3.25.4
Loan receivables in the financial services segment (Tables)
12 Months Ended
Dec. 31, 2025
Loan Receivables [Abstract]  
Summary of Loan Receivables
20252024
(in $ millions)
$
$
Non-current
Non-current loan receivables443 112 
Less: Loss allowance (see Note 25)(23)(7)
420 105 
Current
Current loan receivables835 474 
Less: Loss allowance (see Note 25)(75)(43)
760 431 
v3.25.4
Trade and other receivables (Tables)
12 Months Ended
Dec. 31, 2025
Trade and other receivables [abstract]  
Summary of Trade and Other Receivables
20252024
(in $ millions)$$
Current
Trade receivables169 161 
Less: Loss allowance (see Note 25)(33)(23)
136 138 
Payment cycle receivables113 75 
Less: Loss allowance(9)(7)
104 68 
240 206 
v3.25.4
Deposits, prepayments and other assets (Tables)
12 Months Ended
Dec. 31, 2025
Prepayments and accrued income other than contract assets [abstract]  
Summary of Deposits, Prepayments and Other Assets
20252024
(in $ millions)$$
Non-current
Deposits176 119 
Prepayments*
178 119 
Current
Prepayments87 85 
Tax recoverable34 26 
Deposits57 49 
Others11 81 
189 241 
*Amount less than $1 million
v3.25.4
Cash and cash equivalents (Tables)
12 Months Ended
Dec. 31, 2025
Cash and cash equivalents [abstract]  
Summary of Cash and Cash Equivalents
20252024
(in $ millions)$$
Short-term deposits721 861 
Cash at banks and on hand2,712 2,103 
Cash and cash equivalents in the statement of financial position3,433 2,964 
v3.25.4
Capital and reserves (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure of classes of share capital [abstract]  
Summary of Movements in GHI Shares and GHL Ordinary Shares
Movements in GHL Class A ordinary shares and Class B ordinary shares (collectively “GHL Ordinary Shares”):
(in thousands of shares)Class A ordinary sharesClass B ordinary shares
202520242023202520242023
In issue at January 13,950,4993,813,3413,736,078119,799120,403125,780
Issued for acquisition of non-controlling interests121,4506,901
Issued for restricted ordinary shares4,4714,920
Restricted share units vested57,74159,32953,4164,1887,1944,498
Exercise of share options3,7386,9642,39911,586
Issued under equity stock purchase plan4,0754,1595,153
Repurchase and retirement of ordinary shares(58,450)(67,462)
Conversion of Class B ordinary shares to Class A ordinary shares11,68812,7189,394(11,688)(12,718)(9,394)
Canceled or forfeited restricted ordinary shares(481)
In issue at December 313,969,2913,950,4993,813,341128,356119,799120,403
Restricted ordinary shares issued but not fully vested(8,162)(4,920)(10,337)
In issue at December 31 – fully paid3,969,2913,950,4993,813,341120,194114,879110,066
Authorized49,500,00049,500,00049,500,000500,000500,000500,000
Summary of Reserves of the Group
The reserves of the Group comprise the following balances:
 20252024
(in $ millions)$$
Share-based payment reserve350 392 
Foreign currency translation reserve21 (76)
Other reserve(34)(119)
337 197 
v3.25.4
Subsidiaries and non-controlling interests (Tables)
12 Months Ended
Dec. 31, 2025
Subsidiaries And Non-Controlling Interests [Abstract]  
Summary of Significant Subsidiaries Within The Group
Details of the significant subsidiaries within the Group are as follows:
Name of subsidiariesCountry of incorporation/ operation
Ownership interests
held by the Group
20252024
%%
Grab Holdings Inc.Cayman100 100 
Grab Inc.Cayman100 100 
A2G Holdings Inc.Cayman100 100 
A6 Holding Inc.Cayman100 100 
Summary of Non-Controlling Interests
(in $ millions)$
Carrying amount of non-controlling interests acquired32 
Derecognition of preference shares held by non-controlling interests
Consideration paid to non-controlling interests(130)
Decrease in equity attributable to owners of the Company recognized in accumulated losses(93)
v3.25.4
Loans and borrowings (Tables)
12 Months Ended
Dec. 31, 2025
Borrowings [abstract]  
Summary of Loans and Borrowings
(in $ millions)20252024
$$
Non-current
Bank loans188 116 
Lease liabilities185 125 
373 241 
Current
Convertible notes (including embedded derivative)
1,502 — 
Bank loans129 90 
Lease liabilities49 33 
1,680 123 
Terms and conditions of outstanding loans and borrowings (including lease liabilities) are as follows:
Currency
Nominal
interest rate
Year of
maturity
Carrying
amount
$
2025 
Convertible notes (including embedded derivative)
USD20301,502 
Bank loans
SGD
1.4% to 2.0%
2026-2030
231 
Bank loans
MYR
2.1% to 3.6%
2026-2027
*
Bank loans
MYR
COF** + 1.3%
2026
Bank loans
IDR
3.0% to 9.5%
2026-2030
30 
Bank loans
THB
  4.3%***
2026-2027
50 
Lease liabilitiesMultiple
3.6% to 12.5%
2026-2037
234 
2,053 
 
2024
Bank loans
SGD
1.5% to 2.1%
2025-2029
140 
Bank loans
MYR
2.1% to 3.6%
2025-2028
*
Bank loans
MYR
COF** -2.0% to 1.3%
2025-2028
Bank loans
IDR
3.0% to 9.5%
2025-2029
18 
Bank loans
THB
COF** + 7.0%
2025
39 
Lease liabilitiesMultiple
4.1% to 12.5%
2025-2037
158 
364 
*Amount less than $1 million
**Cost of funds – which are variable rates specific to country and/or financial institutions
*** Rate is subject to contractual repricing following changes in benchmark monetary policy rates
Summary of Issuance of Notes
The net proceeds received from the issuance of the Notes have been allocated as follows on initial recognition:
(in $ millions)$
On initial recognition
Proceeds from issue of convertible notes (1,500,000 Notes at $1,000 per Note)
1,500 
Fair value of the embedded derivative(482)
Transaction costs(22)
At inception996 
December 31,
2025
At inception996 
Interest accrued on convertible notes46 
Carrying amount of host liability as at December 31, 20251,042 
Fair value of the embedded derivative as at December 31, 2025460 
Summary of Reconciliation of Liabilities Arising from Financing Activities
iii)                  Reconciliation of movements of liabilities to cash flows arising from financing activities
Liabilities 
Bank loansConvertible notesLease
liabilities
Total
(in $ millions)$$$$
Balance at January 1, 2025206 — 158 364 
Changes from financing cash flows
Proceeds from bank loans193 — — 193 
Proceeds from issue of convertible notes
— 1,500 — 1,500 
Payment of bank loans(260)— — (260)
Payment of lease liabilities — (52)(52)
Transaction costs related to loans and borrowings
— (22)— (22)
Interest paid(9)— (17)(26)
Total changes from financing cash flows(76)1,478 (69)1,333 
Effect of changes in foreign exchange rates12 — 15 
Other changes
Liability-related
Recognition of lease liabilities— — 116 116 
Derecognition of lease liabilities— — (1)(1)
Secured bank loans for asset acquisition161 — — 161 
Acquisition through business combination— 10 16 
Interest expense46 17 71 
Fair value changes of the embedded derivative
— (22)— (22)
Total liability-related other changes175 24 142 341 
Balance at December 31, 2025317 1,502 234 2,053 
 Liabilities 
 
Bank
loans
Term
loan
Lease
liabilities
Total
(in $ millions)$$$$
Balance at January 1, 2024
155 476 162 793 
Changes from financing cash flows    
Proceeds from bank loans120 — — 120 
Payment of bank loans(152)(483)— (635)
Payment of lease liabilities— — (46)(46)
Interest paid(13)(9)(12)(34)
Total changes from financing cash flows(45)(492)(58)(595)
Effect of changes in foreign exchange rates(3)— (2)(5)
Other changes    
Liability-related    
Recognition of lease liabilities— — 43 43 
Derecognition of lease liabilities— — **
Secured bank loans for asset acquisition86 — — 86 
Acquisition through business combination
— — 
Interest expense13 16 12 41 
Total liability-related other changes99 16 56 171 
Balance at December 31, 2024206 — 158 364 
*Amount less than $1 million
v3.25.4
Provisions (Tables)
12 Months Ended
Dec. 31, 2025
Provisions [abstract]  
Summary of Provisions
20252024
(in $ millions)$$
Site restoration27 24 
Legal and others20 37 
 47 61 
20252024
(in $ millions)$$
Non-current22 20 
Current25 41 
47 61 
Summary of Movement in Provision For Site Restoration and Legal Charges
i)                   Site restoration
20252024
(in $ millions)$$
Balance at January 124 25 
Provisions made during the year*
Provisions reversed during the year— (1)
Effect of movements in exchange rates*
Balance at December 3127 24 
*Amount less than $1 million
ii)                  Legal and others
20252024
(in $ millions)$$
Balance at January 137 32 
Provisions made during the year
Provisions reversed during the year(21)*
Effect of movements in exchange rates*
Balance at December 3120 37 
*Amount less than $1 million
v3.25.4
Trade payables and other liabilities (Tables)
12 Months Ended
Dec. 31, 2025
Trade and other payables [abstract]  
Summary of Trade and Other Payables
20252024
(in $ millions)$$
Non-current liabilities
Warrant liabilities11 
Put options issued to non-controlling interests148 43 
Employee defined benefit liability13 12 
169 66 
Current liabilities  
Trade payables260 208 
Accrued operating expenses417 463 
Electronic wallets292 261 
Tax payables72 60 
Deposits32 36 
Put options issued to non-controlling interest— 98 
Contract liabilities*
Payables for purchase of securities
117 — 
Others66 41 
1,256 1,169 
*Amount less than $1 million
Summary of Change in Carrying Value of the Warrants The carrying value of the warrants as at December 31 is as follows:
20252024
(in $ millions)$$
As at 1 January11 
Change in fair value(3)
As at 31 December11 
v3.25.4
Deposits from customers in the banking business (Tables)
12 Months Ended
Dec. 31, 2025
Deposits from customers [abstract]  
Summary of Deposits From Customers
 20252024
(in $ millions)$$
Current
Deposits from customers in the banking business1,629 1,225 
v3.25.4
Income taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax [Abstract]  
Summary of Major Components of Tax Expense (Income)
i)                   Amounts recognized in profit or loss
202520242023
(in $ millions)$$$
Current tax expense
Current year83 70 52 
Changes in estimates related to prior years(1)*
82 71 52 
Deferred tax (income)/ expense
Origination and reversal of temporary differences15 (2)
Recognition of previously unrecognized tax losses(26)(12)(31)
Changes in estimates related to prior years
(2)— — 
(13)(8)(33)
Income tax expense69 63 19 
*Amount less than $1 million
Summary of Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates and Average Effective Tax Rate The reconciliation between income tax expenses and the loss before income tax is presented as follows:
 202520242023
(in $ millions)$$$
Profit/ (loss) before tax269 (95)(466)
Tax at the domestic rates applicable to profits in the countries where the Group operates73 44 (33)
Non-deductible expenses10 
Income not subject to tax

(24)**
Current year losses for which no deferred tax asset is recognized50 64 121 
Benefits from previously unrecognized tax losses(34)(56)(78)
Changes in estimates related to prior years(3)*
Income tax expense69 63 19 
*Amount less than $1 million
Summary of Movement in Deferred Tax Balances
iii)                 Movement in deferred tax balances
 20252024
(in $ millions)$$
Deferred tax assets
Tax losses carried forward72 51 
Others13 16 
Deferred tax liabilities  
Property, plant and equipment, intangible assets and others35 25 
Movement in deferred tax assetsMovement in deferred tax liabilities
(in $ millions)$$
Balance at January 1, 2025 before set-off95 (53)
Recognized in profit or loss32 (19)
Acquisition through business combination
— (8)
Effects of movements in exchange rates— 
Deferred tax assets / (liabilities) before set-off130 (80)
Deferred tax set-off(45)45 
Balance at December 31, 2025 - Net deferred tax assets / (liabilities) 85 (35)
Balance at January 1, 2024 before set-off85 (49)
Recognized in profit or loss12 (4)
Effects of movements in exchange rates(2)*
Deferred tax assets / ( liabilities) before set-off95 (53)
Deferred tax set-off(28)28 
Balance at December 31, 2024 - Net deferred tax assets / (liabilities) 67 (25)
* Amount less than $1 million
iv)                Unrecognized deferred tax assets
Deferred tax assets have not been recognized in respect of the following items:
20252024
(in $ millions)$$
Unutilized tax losses3,704 4,147 
v3.25.4
Share-based payment arrangements (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangements [Abstract]  
Summary of Reconciliation of Outstanding RSUs
The number of unvested RSUs issued under the 2021 GHL Plan were as follows:
Number of unvested
restricted share units
’000
As of December 31, 2022
131,765
Granted93,731
Vested(58,348)
Canceled and forfeited(34,716)
As of December 31, 2023132,432
Granted98,607
Vested(66,630)
Canceled and forfeited(16,209)
As of December 31, 2024148,200
Granted63,602
Vested(63,196)
Canceled and forfeited(15,253)
As of December 31, 2025133,353
Summary of Reconciliation of Outstanding Share Options
The number and weighted-average exercise prices of Share Options granted under the 2021 GHL Plan were as follows:
 
Number of Share
Options
Weighted average
exercise price per
share
Weighted-average
remaining contractual
life
 ’000$(in years)
As of December 31,2022
54,9372.22 7.2
Exercised(2,446)1.55 
Canceled and forfeited(3,899)3.29 
As of December 31, 202348,5922.17 5.7
Exercised(7,122)1.80 
Canceled and forfeited(155)2.08 
As of December 31, 202441,3152.24 4.7
Granted
6,1984.59 
Exercised(24,888)2.51 
Canceled and forfeited(403)2.24 
As of December 31, 202522,2222.59 4.5
 
Number of Share
Options
Weighted average
exercise price per
share
Exercisable as at 31 December’000$
202439,9402.25 
202516,0181.82 
Summary of Share-Based Payment Expenses
The following table summarizes total share-based payment expense by function for the years ended December 31, 2025 , December 31, 2024 and December 31, 2023:
202520242023
(in $ millions)$$$
Cost of revenue48 52 48 
Sales and marketing12 13 12 
Research and development110 109 97 
General and administrative71 105 147 
Total241 279 304 
v3.25.4
Revenue (Tables)
12 Months Ended
Dec. 31, 2025
Revenue [abstract]  
Summary of Revenue from Contracts with Customers
i)                   Revenue streams
 202520242023
(in $ millions)$$$
Deliveries1,8001,4931310
Mobility1,2191,047871
Financial services347253177
Others441
 3,3702,7972,359
Summary of Disaggregation of Revenue From Contracts With Customers
ii)                  Geographic information
 202520242023
(in $ millions)$$$
Indonesia715 643 605 
Malaysia1,039 816 673 
Philippines316 265 200 
Singapore727 578 480 
Thailand288 252 205 
Vietnam255 228 185 
Rest of Southeast Asia30 15 11 
 3,370 2,797 2,359 
v3.25.4
Expenses (Tables)
12 Months Ended
Dec. 31, 2025
Expenses [Abstract]  
Summary of Expenses by Nature
Total cost of revenue, sales and marketing expenses, general and administrative expenses and research and development expenses include expenses of the following nature:
 202520242023
(in $ millions)$$$
Staff costs1,046 1,029 1,113 
Operation costs1,403 1,175 1,048 
Depreciation and amortization177 147 145 
Marketing expenses305 260 227 
Professional fees62 58 67 
v3.25.4
Net finance income (Tables)
12 Months Ended
Dec. 31, 2025
Net Finance Income (Costs) [Abstract]  
Summary of Net Finance Costs
 202520242023
(in $ millions)$$$
Financial assets measured at amortized cost - interest income (primarily time deposits, debt investments and cash and cash equivalents)167 187 197 
Net foreign exchange gain42 — 
Others
31 — — 
Finance income240 187 198 
Financial liabilities measured at amortized cost – interest expense(71)(41)(99)
Net foreign exchange loss— (65)— 
Finance costs(71)(106)(99)
Net change in fair value of financial assets and liabilities34 *(39)
Net finance income recognized in profit or loss203 81 60 
*Amount less than $1 million
v3.25.4
Earnings / (loss) per share (Tables)
12 Months Ended
Dec. 31, 2025
Earnings per share [abstract]  
Summary of Earnings Per Share
The following table sets forth the computation of basic earnings/ (loss) per share attributable to ordinary shareholders for the years ended December 31, 2025, 2024 and 2023 (in $ millions, except share amounts which are reflected in thousands, and per share amounts):
202520242023
$$$
Basic earnings/ (loss) per share:
Numerator
   Net income/ (loss) for the year200 (158)(485)
   Net loss attributable to non-controlling interests(68)(53)(51)
   Net income/ (loss)for the period attributable to ordinary shareholders268 (105)(434)
Denominator
  Basic weighted-average ordinary shares outstanding
4,092,151 3,995,237 3,894,724 
Basic earnings/ (loss) per share attributable to ordinary shareholders
0.07 (0.03)(0.11)
The following table sets forth the computation of diluted earnings/ (loss) per share attributable to ordinary shareholders for the years ended December 31, 2025, 2024 and 2023 (in $ millions, except share amounts which are reflected in thousands, and per share amounts):
202520242023
$$$
Diluted earnings/ (loss) per share:
Numerator
   Diluted earnings/ (loss) for the year attributable to ordinary shareholders268 (105)(434)
Denominator
   Weighted-average number of ordinary shares (Basic)4,092,151 3,995,237 3,894,724 
   Stock options10,259 — — 
   RSU and restricted ordinary shares101,947 — — 
   Common shares issued for ESPP1,728 — — 
Weighted-average number of ordinary shares (Diluted)4,206,085 3,995,237 3,894,724 
Diluted earnings/ (loss) per share attributable to ordinary shareholders0.06 (0.03)(0.11)
Summary of Instruments with Potential Future Dilutive Effect not Included in Calculation of Diluted Earnings per Share
The following potentially dilutive outstanding securities (reflected in thousands of GHL ordinary shares) were excluded from the computation of diluted loss per ordinary share either because their effects would have been antidilutive for the years ended December 31, 2025, 2024 and 2023 or contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:
 202520242023
Warrants (Note 15)26,00026,00026,000
Share options (Note 18)6,19841,31548,592
RSU and Restricted ordinary shares (Note 18)7,820153,120142,769
Convertible notes229,008
Shares committed under ESPP (Note 18)2,0564,224
Options to swap shares in GHL subsidiaries for GHL Class A Ordinary Shares121,450
Total269,026222,491343,035
v3.25.4
Related parties (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure of transactions between related parties [abstract]  
Summary of Compensation to Directors and Executive Officers
Transactions with key management personnel
Compensation to Directors and executive officers of the Group comprised the following:
 202520242023
(in $ millions)$$$
Short-term employee benefits
Post-employment benefits***
Share-based payment44 51 103 
*Amount less than $1 million
v3.25.4
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Lease liabilities [abstract]  
Summary of Right-of-use Assets
Right‑of‑use assets related to leased properties that do not meet the definition of investment property are presented as property, plant and equipment.
Property
Motor
vehicles
Total
(in $ millions)$$$
Balance at January 1, 2025108 30 138 
Depreciation(31)(21)(52)
Additions37 79 116 
Acquisition through business combination15 — 15 
Derecognition(1)— (1)
Effects of movement in exchange rates(2)
Balance at December 31, 2025132 86 218 
 Property
Motor
vehicles
Total
(in $ millions)$$$
Balance at January 1, 2024119 24 143 
Depreciation(29)(19)(48)
Additions17 26 43 
Acquisition through business combination
— 
Derecognition*— *
Effects of movement in exchange rates*(1)(1)
Balance at December 31, 2024108 30 138 
* Amount less than $1 million
b)Amounts recognized in profit or loss
202520242023
(in $ millions)$$$
Interest on lease liabilities17 12 13 
Summary of Maturity Analysis of Operating Lease Payments Receivable
20252024
(in $ millions)$$
Not later than one year79 67 
Later than one year and not later than five years31 36 
v3.25.4
Financial instruments (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure of detailed information about financial instruments [abstract]  
Summary of Impairment Losses on Financial Assets
Impairment losses on financial assets recognized in profit or loss were as follows:
202520242023
(in $ millions)$$$
Loan receivables and commitments in the financial services segment119 56 42 
Trade receivables19 31 26 
Payment cycle receivables
Other receivables*(1)
Cash and cash equivalents— *— 
 140 95 72 
* Amount less than $1 million
Summary of Credit Risk Exposure
The exposure to credit risk for loan receivables at the reporting date by geographic region was as follows:
Carrying amount
20252024
(in $ millions)$$
Indonesia63 59 
Malaysia247 80 
Singapore672 295 
Thailand101 63 
Other countries97 39 
 1,180 536 
The exposure to credit risk for trade receivables at the reporting date by geographic region was as follows:
 Net carrying amount
 20252024
(in $ millions)$$
Indonesia41 47 
Malaysia21 16 
Philippines10 11 
Singapore27 30 
Thailand11 11 
Vietnam16 20 
Other countries10 
136 138 
Summary of Reconciliation of Changes in Loss Allowance and Gross Carrying Amount
The following table provides information about the exposure to credit risk and loss allowances for loan receivables.
Weighted
average
loss rate
Gross
carrying
amount
Loss
allowance
Credit-impaired
(in $ millions)%$$ 
2025
Current (not past due)3.2 1,144 (45)No
1 – 30 days past due18.4 81 (15)No
31 – 60 days past due49.3 19 (10)No
61 – 90 days past due61.2 14 (9)No
91 – 120 days past due91.2 (8)Yes
More than 121 days95.0 11 (11)Yes
1,278 (98) 

 
Weighted
average
loss rate
Gross
carrying
amount
Loss
allowance
Credit-impaired
(in $ millions)%$$ 
2024
Current (not past due)3.6 515 (21)No
1 – 30 days past due17.6 44 (8)No
31 – 60 days past due59.2 (5)No
61 – 90 days past due80.0 (6)No
91 – 120 days past due89.7 (5)Yes
More than 121 days94.2 (5)Yes
  586 (50) 
The movement in the allowance for impairment in respect of loan receivables and commitments during the year was as follows:
 20252024
(in $ millions)$$
At January 150 34 
Impairment loss recognized114 56 
Amounts written off(69)(39)
Exchange translation differences(1)
At December 3198 50 
*Amount less than $1 million
The following table provides information about the exposure to credit risk and ECLs for trade receivables as at December 31:
Weighted
average
loss rate
Gross
carrying
amount
Loss
allowance
Credit
impaired
(in $ millions)%$$ 
2025
Current (not past due)4.3 110 (5)No
1 – 30 days past due10.7 19 (2)No
31 – 60 days past due19.3 (1)No
61 – 90 days past due20.1 (2)No
91 – 120 days past due57.1 (2)No
More than 121 days97.0 22 (21)Yes
  169 (33) 
Weighted
average
loss rate
Gross
carrying
amount
Loss
allowance
Credit
impaired
(in $ millions)%$$ 
2024
Current (not past due)6.0 119 (7)No
1 – 30 days past due10.8 17 (2)No
31 – 60 days past due17.2 (1)No
61 – 90 days past due33.7 (1)No
91 – 120 days past due36.7 (1)No
More than 121 days99.2 11 (11)Yes
  161 (23)
The movement in the allowance for impairment in respect of trade receivables during the year was as follows:
 20252024
(in $ millions)$$
At January 123 22 
Impairment loss recognized19 31 
Amounts written off(10)(30)
Acquisition through business combination— *
Exchange translation differences*
At December 3133 23 
*Amount less than $1 million
Summary of Contractual Maturities of Financial Liabilities The amounts are gross and undiscounted and include contractual interest payments.
Contractual cash flows
Carrying
amount
Total
Less than
1 year
1 to 5 years
More than
5 years
(in $ millions)$$$$$
2025
Financial liabilities
Bank loans317 (339)(135)(204)— 
Convertible notes (including embedded derivative)
1,502 (1,500)— (1,500)— 
Deposits from customers in the banking business1,629 (1,629)(1,629)— — 
Trade payables and other liabilities1,252 (1,252)(1,096)(156)— 
Lease liabilities234 (288)(59)(153)(76)
 4,934 (5,008)(2,919)(2,013)(76)
2024     
Financial liabilities     
Bank loans206 (221)(93)(128)— 
Deposits from customers in the banking business1,225 (1,225)(1,225)— — 
Trade payables and other liabilities1,065 (1,065)(1,011)(54)— 
Lease liabilities158 (218)(42)(90)(86)
 2,654 (2,729)(2,371)(272)(86)
Summary of Interest Rate Profile of the Group's Interest-bearing Financial Instruments
The interest rate profile of the Group’s interest-bearing financial instruments is as follows:
Carrying amount
20252024
(in $ millions)$$
Fixed-rate instruments  
Other investments4,004 3,223 
Cash and cash equivalents3,433 2,964 
Bank loans(261)(158)
Variable-rate instruments  
Bank loans(56)(48)
Summary of Accounting Classification and Fair Values
The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.
Carrying amountFair value
NoteFVTPLFVOCIAmortized costTotalLevel 1Level 2Level 3Total
$$$$$$$$
(in $ millions)
December 31, 2025        
Financial assets        
Debt investments61,322 154 971 2,447 182 1,172 122 1,476 
Equity investments6390 — — 390 244 — 146 390 
Time deposits6— — 1,557 1,557 
Loan receivables in the financial services segment7— — 1,180 1,180 
Trade and other receivables8— — 240 240 
Other assets9— — 246 246     
Cash and cash equivalents10— — 3,433 3,433 
Total1,712 154 7,627 9,493 426 1,172 268 1,866 
Financial liabilities        
Convertible notes (including embedded derivative)
(460)— (1,042)(1,502)— — (460)(460)
Bank loans13— — (317)(317) 
Lease liabilities13— — (234)(234) 
Warrant liabilities15(8)— — (8)(8)— — (8)
Trade payables and other liabilities15(99)(49)(1,096)(1,244)— — (148)(148)
Deposits from customers in the banking business16— — (1,629)(1,629) 
Total(567)(49)(4,318)(4,934)(8) (608)(616)
Carrying amountFair value
NoteFVTPLFVOCIAmortized costTotalLevel 1Level 2Level 3Total
$$$$$$$$
(in $ millions)
December 31, 2024
Financial assets
Debt investments6434 267 824 1,525 268 321 112 701 
Equity investments6207 — — 207 86 — 121 207 
Time deposits6— — 1,698 1,698 
Loan receivables in the financial services segment7— — 536 536 
Trade and other receivables8— — 206 206 
Other assets921 — 224 245 — 21 — 21 
Cash and cash equivalents10— — 2,964 2,964 
Total662 267 6,452 7,381 354 342 233 929 
Financial liabilities        
Bank loans13— — (206)(206)
Lease liabilities13— — (158)(158)
Warrant liabilities15(11)— — (11)(11)— — (11)
Trade payables and other liabilities15(5)(141)(908)(1,054)— — (146)(146)
Deposits from customers in the banking business16— — (1,225)(1,225)
Total(16)(141)(2,497)(2,654)(11) (146)(157)
Summary of Reconciliation of Level 3 Financial Liabilities The movement in fair value arising from reasonably possible changes to the significant unobservable inputs was assessed as not significant.
 
Valuation technique
Significant unobservable inputsInter-relationship between significant unobservable inputs
Assets
Debt investmentsBroker prices/ Income approachRisk-adjusted discount rate using Income approachThe estimated fair value would decrease (increase) if the discount rates were higher (lower).
Equity InvestmentsMarket comparison technique Adjusted market multipleThe estimated fair value would increase (decrease) if the adjusted market multiple were higher (lower).
Volatility ratesThe estimated fair value would either increase or decrease if the volatility rate increases.
Liabilities
Put options issued to NCI for settlement in cash
Income approachProbability attributed to achieving certain milestonesThe estimated fair value of the put liability would increase (decrease) if the probability attributed to achieving certain milestones was higher (lower).
Put option issued to NCI to swap the shares in a GHL's subsidiary for a variable number of GHL's shares
Income approachVolatility rates



Equity value of the subsidiary
The estimated fair value would increase (decrease) if the expected volatility were higher (lower).

The estimated fair value would decrease (increase) if the equity value of the subsidiary were higher (lower).
Embedded derivative within the convertible notes
Income approachVolatility ratesThe estimated fair value would increase (decrease) if the expected volatility were higher (lower).
b)Level 3 fair values
The following table shows a reconciliation from the opening balances to the ending balances for Level 3 fair values:
 Equity and debt investmentsPut options issued to non-controlling interest*
Embedded derivative of the Convertible Notes
Total
 $$
$
$
(in $ millions)
At January 1, 2025233 (146)— 87 
Net change in fair value (unrealized)
- Gain/ (loss) included in profit or loss26 (99)22 (51)
- Gain included in OCI— — 
Net purchases/ (issuances)
49 (16)(482)(449)
Derecognition— 110 — 110 
Transfer between Level 3 and Level 1(40)— — (40)
At December 31, 2025268 (148)(460)(340)
At January 1, 2024221 (123)— 98 
Net change in fair value (unrealized)
- Gain included in profit or loss10 — — 10 
- Loss included in OCI— (23)— (23)
Net purchases— — 
At December 31, 2024233 (146)— 87 
* Put options issued to non-controlling interest are classified within ‘Trade payables and other liabilities’ in the statement of financial position.
Summary of Reconciliation of Level 3 Financial Assets The movement in fair value arising from reasonably possible changes to the significant unobservable inputs was assessed as not significant.
 
Valuation technique
Significant unobservable inputsInter-relationship between significant unobservable inputs
Assets
Debt investmentsBroker prices/ Income approachRisk-adjusted discount rate using Income approachThe estimated fair value would decrease (increase) if the discount rates were higher (lower).
Equity InvestmentsMarket comparison technique Adjusted market multipleThe estimated fair value would increase (decrease) if the adjusted market multiple were higher (lower).
Volatility ratesThe estimated fair value would either increase or decrease if the volatility rate increases.
Liabilities
Put options issued to NCI for settlement in cash
Income approachProbability attributed to achieving certain milestonesThe estimated fair value of the put liability would increase (decrease) if the probability attributed to achieving certain milestones was higher (lower).
Put option issued to NCI to swap the shares in a GHL's subsidiary for a variable number of GHL's shares
Income approachVolatility rates



Equity value of the subsidiary
The estimated fair value would increase (decrease) if the expected volatility were higher (lower).

The estimated fair value would decrease (increase) if the equity value of the subsidiary were higher (lower).
Embedded derivative within the convertible notes
Income approachVolatility ratesThe estimated fair value would increase (decrease) if the expected volatility were higher (lower).
b)Level 3 fair values
The following table shows a reconciliation from the opening balances to the ending balances for Level 3 fair values:
 Equity and debt investmentsPut options issued to non-controlling interest*
Embedded derivative of the Convertible Notes
Total
 $$
$
$
(in $ millions)
At January 1, 2025233 (146)— 87 
Net change in fair value (unrealized)
- Gain/ (loss) included in profit or loss26 (99)22 (51)
- Gain included in OCI— — 
Net purchases/ (issuances)
49 (16)(482)(449)
Derecognition— 110 — 110 
Transfer between Level 3 and Level 1(40)— — (40)
At December 31, 2025268 (148)(460)(340)
At January 1, 2024221 (123)— 98 
Net change in fair value (unrealized)
- Gain included in profit or loss10 — — 10 
- Loss included in OCI— (23)— (23)
Net purchases— — 
At December 31, 2024233 (146)— 87 
* Put options issued to non-controlling interest are classified within ‘Trade payables and other liabilities’ in the statement of financial position.
v3.25.4
Operating segments (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure of operating segments [abstract]  
Summary of Operations of Each Reportable Segment
The following summary describes the operations of each reportable segment:
Reportable segmentsOperations
DeliveriesConnecting driver-partners and merchant-partners with consumers to create a localized logistics platform, facilitating and performing on-demand and scheduled delivery of a wide variety of daily necessities, including ready-to-eat meals and groceries, as well as point-to-point parcel delivery. It also includes delivery services in certain markets for which the Group is directly responsible; the offering of a variety of daily necessities through the operation of a chain of physical stores in certain markets; and advertising revenue arising from promoted listings and banner advertisements, enabling merchant-partners to promote their businesses on the Grab platform.
MobilityConnecting consumers with rides provided by driver-partners across a wide variety of multi-modal mobility options including private cars, taxis, motorcycles (in certain markets), and shared mobility options, such as carpooling. It also includes vehicle rental for driver-partners; and advertising revenue arising from online and offline advertising solutions which include in-car product placements and mobile billboards.
Financial servicesDigital solutions offered by and with business partners to address the financial needs of driver and merchant partners and consumers, including digital payments, lending, receivables factoring, digital banking services in certain markets, insurance distribution and associated advertising revenue.
OthersMultiple operating business activities that are not individually material. They include mapping services, autonomous vehicle services and last-mile delivery infrastructure.
Summary of Information about Each Reportable Segment and Reconciliation
Information about each reportable segment and reconciliation to amounts reported in consolidated financial statements is set out below:
 202520242023
(in $ millions)$$$
Segment Adjusted EBITDA   
Deliveries287 196 81 
Mobility690 569 466 
Financial services(110)(105)(170)
Others(1)
Total reportable Segment Adjusted EBITDA868 663 376 
Regional corporate costs(368)(350)(398)
Net other income12 13 17 
Depreciation and amortization(177)(147)(145)
Share-based compensation expenses(241)(279)(304)
Impairment losses on goodwill and non-financial assets*— *
Restructuring costs(12)(14)(56)
Legal, tax and regulatory settlement provisions(48)(8)
Cost related to mergers and acquisitions
(20)(6)(1)
Operating profit/ (loss)
65 (168)(519)
Income tax expense(69)(63)(19)
Net finance income
203 81 60 
Share of profit/ (loss) of equity-accounted investees (net of tax)
(8)(7)
Profit/ (loss) for the year200 (158)(485)
*Amount less than $1 million
Our costs related to mergers and acquisitions were previously included within the legal, tax and regulatory settlement provisions caption in our reconciliation of Adjusted EBITDA to profit/(loss) for the period. Starting from January 1, 2025, these costs are presented as a separate caption in the reconciliation to provide additional break-down of information. The prior years have been adjusted for comparative purposes.
v3.25.4
Business combinations (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure of detailed information about business combination [abstract]  
Summary of Detailed Information About Business Combination
The following table summarizes the recognized amounts of assets acquired and liabilities assumed at the date of acquisition.
(in $ millions)$
Property, plant and equipment29
Intangible assets18
Inventories12
Trade and other receivables1
Cash and cash equivalents8
Loans and borrowings(16)
Deferred tax liabilities(7)
Trade payables and other liabilities (11)
Identifiable net assets acquired34
Less: Non-controlling interest proportionate share of identifiable net assets(7)
Goodwill on acquisition (described below)27
Purchase consideration54
The following table summarizes the recognized amounts of assets acquired and liabilities assumed at the date of acquisition.
(in $ millions)$
Loan receivables in the financial services segment34
Other net assets2
Identifiable net assets acquired36
Goodwill on acquisition (described below)12
Purchase consideration*48
*Inclusive of contingent consideration of $2 million
v3.25.4
Contingencies and commitments (Tables)
12 Months Ended
Dec. 31, 2025
Contingencies And Commitments [Abstract]  
Summary of Non-Cancelable Purchase Obligations
The Group has entered into non-cancelable contracts which mainly pertain to purchase of data processing and technology platform infrastructure services, the commitments for which are summarized below.
Payments due by period
Total
Less than
1 year
1 to 5
years
(in $ millions)$$$
Non-cancelable purchase obligations494 104 390 
v3.25.4
Material accounting policies - Summary Of Estimated Useful Lives For Property, Plant and Equipment (Details)
12 Months Ended
Dec. 31, 2025
Computers | Bottom of range  
Disclosure Of Estimated Useful Lives For Current And Comparative Years Of Property Plant and Equipment [Line Items]  
Useful lives for the current and comparative years 2 years
Computers | Top of range  
Disclosure Of Estimated Useful Lives For Current And Comparative Years Of Property Plant and Equipment [Line Items]  
Useful lives for the current and comparative years 3 years
Building and renovation | Bottom of range  
Disclosure Of Estimated Useful Lives For Current And Comparative Years Of Property Plant and Equipment [Line Items]  
Useful lives for the current and comparative years 3 years
Building and renovation | Top of range  
Disclosure Of Estimated Useful Lives For Current And Comparative Years Of Property Plant and Equipment [Line Items]  
Useful lives for the current and comparative years 5 years
Motor vehicles | Bottom of range  
Disclosure Of Estimated Useful Lives For Current And Comparative Years Of Property Plant and Equipment [Line Items]  
Useful lives for the current and comparative years 5 years
Motor vehicles | Top of range  
Disclosure Of Estimated Useful Lives For Current And Comparative Years Of Property Plant and Equipment [Line Items]  
Useful lives for the current and comparative years 10 years
Office and other equipment | Bottom of range  
Disclosure Of Estimated Useful Lives For Current And Comparative Years Of Property Plant and Equipment [Line Items]  
Useful lives for the current and comparative years 4 years
Office and other equipment | Top of range  
Disclosure Of Estimated Useful Lives For Current And Comparative Years Of Property Plant and Equipment [Line Items]  
Useful lives for the current and comparative years 5 years
v3.25.4
Material accounting policies - Summary Of Estimated Useful Lives For Intangible Assets (Details)
12 Months Ended
Dec. 31, 2025
Trademarks | Bottom of range  
Disclosure Of Estimated Useful Lives For Current And Comparative Years Of Intangible Assets [Line Items]  
Useful lives for the current and comparative years 13 years
Trademarks | Top of range  
Disclosure Of Estimated Useful Lives For Current And Comparative Years Of Intangible Assets [Line Items]  
Useful lives for the current and comparative years 18 years
Non-compete agreement  
Disclosure Of Estimated Useful Lives For Current And Comparative Years Of Intangible Assets [Line Items]  
Useful lives for the current and comparative years 4 years
Other intangible assets | Bottom of range  
Disclosure Of Estimated Useful Lives For Current And Comparative Years Of Intangible Assets [Line Items]  
Useful lives for the current and comparative years 3 years
Other intangible assets | Top of range  
Disclosure Of Estimated Useful Lives For Current And Comparative Years Of Intangible Assets [Line Items]  
Useful lives for the current and comparative years 5 years
v3.25.4
Property, Plant and Equipment - Summary of Reconciliation of Carrying Amount of Property, Plant And Equipment (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment including right-of-use assets at beginning of period $ 567 $ 512  
Depreciation for the year 145 122 $ 128
Property, plant and equipment including right-of-use assets at end of period 831 567 512
Computers      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment including right-of-use assets at beginning of period 15 15  
Property, plant and equipment including right-of-use assets at end of period 21 15 15
Buildings and renovation      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment including right-of-use assets at beginning of period 158 172  
Property, plant and equipment including right-of-use assets at end of period 202 158 172
Motor vehicles held for leasing      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment including right-of-use assets at beginning of period 360 294  
Property, plant and equipment including right-of-use assets at end of period 570 360 294
Office and other equipment      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment including right-of-use assets at beginning of period 34 31  
Property, plant and equipment including right-of-use assets at end of period 38 34 31
Cost      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment including right-of-use assets at beginning of period 1,125 1,034  
Additions 374 205  
Acquisition through business combination 29 1  
Write-offs/disposal (95) (93)  
Effects of movements in exchange rates 52 (22)  
Property, plant and equipment including right-of-use assets at end of period 1,485 1,125 1,034
Cost | Computers      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment including right-of-use assets at beginning of period 77 78  
Additions 20 13  
Acquisition through business combination 0    
Write-offs/disposal (11) (12)  
Effects of movements in exchange rates 1 (2)  
Property, plant and equipment including right-of-use assets at end of period 87 77 78
Cost | Buildings and renovation      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment including right-of-use assets at beginning of period 308 297  
Additions 57 30  
Acquisition through business combination 28 1  
Write-offs/disposal (23) (20)  
Effects of movements in exchange rates 20    
Property, plant and equipment including right-of-use assets at end of period 390 308 297
Cost | Motor vehicles held for leasing      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment including right-of-use assets at beginning of period 662 592  
Additions 284 150  
Acquisition through business combination 0    
Write-offs/disposal (55) (60)  
Effects of movements in exchange rates 26 (20)  
Property, plant and equipment including right-of-use assets at end of period 917 662 592
Cost | Office and other equipment      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment including right-of-use assets at beginning of period 78 67  
Additions 13 12  
Acquisition through business combination 1    
Write-offs/disposal (6) (1)  
Effects of movements in exchange rates 5    
Property, plant and equipment including right-of-use assets at end of period 91 78 67
Accumulated depreciation and impairment losses      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment including right-of-use assets at beginning of period (558) (522)  
Depreciation for the year 145 122  
Write-offs/disposal 77 77  
Effects of movements in exchange rates (28) 9  
Property, plant and equipment including right-of-use assets at end of period (654) (558) (522)
Accumulated depreciation and impairment losses | Computers      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment including right-of-use assets at beginning of period (62) (63)  
Depreciation for the year 14 12  
Write-offs/disposal 11 12  
Impairment loss 0    
Effects of movements in exchange rates (1) 1  
Property, plant and equipment including right-of-use assets at end of period (66) (62) (63)
Accumulated depreciation and impairment losses | Buildings and renovation      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment including right-of-use assets at beginning of period (150) (125)  
Depreciation for the year 47 44  
Write-offs/disposal 21 19  
Impairment loss 0    
Effects of movements in exchange rates (12)    
Property, plant and equipment including right-of-use assets at end of period (188) (150) (125)
Accumulated depreciation and impairment losses | Motor vehicles held for leasing      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment including right-of-use assets at beginning of period (302) (298)  
Depreciation for the year 73 57  
Write-offs/disposal 39 45  
Effects of movements in exchange rates (11) 8  
Property, plant and equipment including right-of-use assets at end of period (347) (302) (298)
Accumulated depreciation and impairment losses | Office and other equipment      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment including right-of-use assets at beginning of period (44) (36)  
Depreciation for the year 11 9  
Write-offs/disposal 6 1  
Impairment loss 0    
Effects of movements in exchange rates (4)    
Property, plant and equipment including right-of-use assets at end of period $ (53) $ (44) $ (36)
v3.25.4
Property, Plant and Equipment - Narrative (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of detailed information about property, plant and equipment [line items]      
Right of use assets $ 218 $ 138 $ 143
Cash payment on acquisition of property, plant and equipment 97 77 71
Depreciation for the year 145 122 $ 128
Cost      
Disclosure of detailed information about property, plant and equipment [line items]      
Additions 374 205  
Leased properties and motor vehicles      
Disclosure of detailed information about property, plant and equipment [line items]      
Right of use assets $ 218 $ 138  
Motor vehicles held for leasing      
Disclosure of detailed information about property, plant and equipment [line items]      
Useful lives for the current and comparative years 10 years 7 years  
Motor vehicles held for leasing | Increase (decrease) due to changes in accounting policy      
Disclosure of detailed information about property, plant and equipment [line items]      
Depreciation for the year $ 10    
Motor vehicles held for leasing | Cost      
Disclosure of detailed information about property, plant and equipment [line items]      
Additions 284 $ 150  
Cash payment on acquisition of property, plant and equipment 44 38  
Purchase of property plant and equipment through lease liabilities 79 26  
Motor vehicles held for leasing | Cost | Secured bank loan financing      
Disclosure of detailed information about property, plant and equipment [line items]      
Purchase of property plant and equipment through secured bank loan financing $ 161 $ 86  
v3.25.4
Intangible assets and goodwill - Summary Of Reconciliation Of Carrying Amount (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Beginning balance $ 975 $ 916  
Amortization of intangible assets 32 25 $ 17
Ending balance 1,057 975 916
Goodwill      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Beginning balance 845 807  
Ending balance 902 845 807
Trademarks      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Beginning balance 54 59  
Ending balance 65 54 59
Non-compete agreement      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Beginning balance 0 0  
Ending balance 0 0 0
Other intangible assets      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Beginning balance 76 50  
Ending balance 90 76 50
Cost      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Beginning balance 2,827 2,743  
Additions 3 4  
Internally developed 31 40  
Acquisition through business combination 80 41  
Disposals/Write-off (3)    
Effects of movements in exchange rates 1 (1)  
Ending balance 2,939 2,827 2,743
Cost | Goodwill      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Beginning balance 913 875  
Additions 0 0  
Internally developed 0 0  
Acquisition through business combination 57 38  
Disposals/Write-off 0 0  
Effects of movements in exchange rates 0 0  
Ending balance 970 913 875
Cost | Trademarks      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Beginning balance 70 69  
Additions 0 0  
Internally developed 0 0  
Acquisition through business combination 18 1  
Disposals/Write-off 0 0  
Effects of movements in exchange rates 0 0  
Ending balance 88 70 69
Cost | Non-compete agreement      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Beginning balance 1,644 1,644  
Additions 0 0  
Internally developed 0 0  
Acquisition through business combination 0 0  
Disposals/Write-off 0 0  
Effects of movements in exchange rates 0 0  
Ending balance 1,644 1,644 1,644
Cost | Other intangible assets      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Beginning balance 200 155  
Additions 3 4  
Internally developed 31 40  
Acquisition through business combination 5 2  
Disposals/Write-off (3)    
Effects of movements in exchange rates 1 (1)  
Ending balance 237 200 155
Accumulated depreciation and impairment losses      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Beginning balance (1,852) (1,827)  
Amortization of intangible assets 32 25  
Disposals/Write-off 3    
Effects of movements in exchange rates (1)    
Ending balance (1,882) (1,852) (1,827)
Accumulated depreciation and impairment losses | Goodwill      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Beginning balance (68) (68)  
Amortization of intangible assets 0 0  
Disposals/Write-off 0 0  
Effects of movements in exchange rates 0 0  
Ending balance (68) (68) (68)
Accumulated depreciation and impairment losses | Trademarks      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Beginning balance (16) (10)  
Amortization of intangible assets 7 6  
Disposals/Write-off 0 0  
Effects of movements in exchange rates 0 0  
Ending balance (23) (16) (10)
Accumulated depreciation and impairment losses | Non-compete agreement      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Beginning balance (1,644) (1,644)  
Amortization of intangible assets 0 0  
Disposals/Write-off 0 0  
Effects of movements in exchange rates 0 0  
Ending balance (1,644) (1,644) (1,644)
Accumulated depreciation and impairment losses | Other intangible assets      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Beginning balance (124) (105)  
Amortization of intangible assets 25 19  
Disposals/Write-off 3    
Effects of movements in exchange rates (1)    
Ending balance $ (147) $ (124) $ (105)
v3.25.4
Intangible assets and goodwill - Narrative (Details)
$ in Millions
12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Southeast Asia Ride Hailing CGUs    
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]    
Goodwill allocated $ 606 $ 606
Impairment loss 0 0
Malaysia Mart CGU    
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]    
Goodwill allocated 190 163
Impairment loss 0 0
Indonesia Payment CGU    
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]    
Goodwill allocated 34 34
Impairment loss 0 0
Other intangible assets    
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]    
Software development costs captitalized $ 80 $ 71
Goodwill | Southeast Asia Ride Hailing CGUs | Revenue multiple, measurement input    
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]    
Multiple used in recoverable amount calculation 2.4 2.0
Goodwill | Malaysia Mart CGU | Earnings multiple, measurement input    
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]    
Multiple used in recoverable amount calculation 11.9 11.6
Goodwill | Indonesia Payment CGU | Revenue multiple, measurement input    
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]    
Multiple used in recoverable amount calculation 3.3 2.7
v3.25.4
Intangible assets and goodwill - Summary Of Detailed Information About Amortization Of Intangible Assets (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Intangible assets and goodwill [abstract]      
Amortization of intangible assets $ 32 $ 25 $ 17
v3.25.4
Intangible assets and goodwill - Summary Of Impairment Testing For CGUs Containing Goodwill (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Southeast Asia Ride Hailing CGUs    
Disclosure of information for cash-generating units [line items]    
Goodwill allocated $ 606 $ 606
Malaysia Mart CGU    
Disclosure of information for cash-generating units [line items]    
Goodwill allocated 190 163
Indonesia Payment CGU    
Disclosure of information for cash-generating units [line items]    
Goodwill allocated 34 34
Other units with individually insignificant goodwill    
Disclosure of information for cash-generating units [line items]    
Goodwill allocated $ 72 $ 42
v3.25.4
Other investments (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Disclosure of other investments [line Items]    
Other investments $ 1,023 $ 765
Other investments 3,371 2,665
Investments other than investments accounted for using equity method 4,394 3,430
Financial assets at amortised cost | Time deposits    
Disclosure of other investments [line Items]    
Non-current investments 261 273
Current investments 1,296 1,425
Financial assets at amortised cost | Debt investments    
Disclosure of other investments [line Items]    
Current investments 971 824
FVTPL | Debt investments    
Disclosure of other investments [line Items]    
Non-current investments 240 187
Current investments 1,082 247
FVTPL | Equity investments    
Disclosure of other investments [line Items]    
Non-current investments 390 207
Debt investments – at FVOCI | Debt investments    
Disclosure of other investments [line Items]    
Non-current investments 132 98
Current investments $ 22 $ 169
v3.25.4
Loan receivables in the financial services segment (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Disclosure of Loan Receivables [Line Items]    
Non-current loan receivables $ 420 $ 105
Current loan receivables 760 431
Gross carrying amount    
Disclosure of Loan Receivables [Line Items]    
Non-current loan receivables 443 112
Current loan receivables 835 474
Loss allowance    
Disclosure of Loan Receivables [Line Items]    
Non-current loan receivables (23) (7)
Current loan receivables $ (75) $ (43)
v3.25.4
Trade and other receivables - Summary Of Trade And Other Receivables (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Disclosure of trade and other receivables [line items]    
Trade and other receivables $ 240 $ 206
Trade receivables    
Disclosure of trade and other receivables [line items]    
Current investments 136 138
Trade receivables | Cost    
Disclosure of trade and other receivables [line items]    
Current investments 169 161
Trade receivables | Loss allowance    
Disclosure of trade and other receivables [line items]    
Current investments (33) (23)
Payment cycle receivables    
Disclosure of trade and other receivables [line items]    
Current investments 104 68
Payment cycle receivables | Cost    
Disclosure of trade and other receivables [line items]    
Current investments 113 75
Payment cycle receivables | Loss allowance    
Disclosure of trade and other receivables [line items]    
Current investments $ (9) $ (7)
v3.25.4
Trade and other receivables - Narrative (Details)
12 Months Ended
Dec. 31, 2025
Trade and other receivables [abstract]  
Trade receivables settlement period 30 days
Payment​ cycle​ receivables​ settlement period 4 days
v3.25.4
Deposits, prepayments and other assets - Summary Of Deposits, Prepayments And Other Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Non-current    
Deposits $ 176 $ 119
Prepayments 2  
Non-current deposits, prepayments and other assets 178 119
Current    
Prepayments 87 85
Tax recoverable 34 26
Deposits 57 49
Others 11 81
Deposits, prepayments and other assets $ 189 $ 241
v3.25.4
Deposits, prepayments and other assets - Narraitve (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Disclosure Of Deposits, Prepayments And Other Assets [Line Items]    
Other assets $ 11 $ 81
Insurance recoveries    
Disclosure Of Deposits, Prepayments And Other Assets [Line Items]    
Other assets   $ 50
v3.25.4
Cash and Cash Equivalents - Summary of Cash And Cash Equivalents (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash and cash equivalents [abstract]        
Short-term deposits $ 721 $ 861    
Cash at banks and on hand 2,712 2,103    
Cash and cash equivalents in the statement of financial position $ 3,433 $ 2,964 $ 3,138 $ 1,952
v3.25.4
Cash and Cash Equivalents - Narrative (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Cash and cash equivalents [abstract]    
Restricted cash and cash equivalents $ 206 $ 201
v3.25.4
Capital and reserves - Summary if Movements in GHI and GHL (Details) - shares
shares in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Class A ordinary shares      
Disclosure of classes of share capital [line items]      
In issue at January 1 (in shares) 3,950,499 3,813,341 3,736,078
Issued for acquisition of non-controlling interests (in shares) 0 121,450 6,901
Issued for restricted ordinary shares (in shares) 0 0 0
Restricted share units vested (in shares) 57,741 59,329 53,416
Exercise of share options (in shares) 3,738 6,964 2,399
Issued under equity stock purchase plan (in shares) 4,075 4,159 5,153
Repurchase and retirement of ordinary shares (in shares) (58,450) (67,462) 0
Conversion of Class B ordinary shares to Class A ordinary shares (in shares) 11,688 12,718 9,394
Canceled or forfeited restricted ordinary shares (in shares) 0 0 0
In issue at December 31 (in shares) 3,969,291 3,950,499 3,813,341
Restricted ordinary shares issued but not fully vested (in shares) 0 0 0
In issue at December 31 – fully paid (in shares) 3,969,291 3,950,499 3,813,341
Authorized (in shares) 49,500,000 49,500,000 49,500,000
Class B ordinary shares      
Disclosure of classes of share capital [line items]      
In issue at January 1 (in shares) 119,799 120,403 125,780
Issued for acquisition of non-controlling interests (in shares) 0 0 0
Issued for restricted ordinary shares (in shares) 4,471 4,920 0
Restricted share units vested (in shares) 4,188 7,194 4,498
Exercise of share options (in shares) 11,586 0 0
Issued under equity stock purchase plan (in shares) 0 0 0
Repurchase and retirement of ordinary shares (in shares) 0 0 0
Conversion of Class B ordinary shares to Class A ordinary shares (in shares) 11,688 12,718 9,394
Canceled or forfeited restricted ordinary shares (in shares) 0 0 (481)
In issue at December 31 (in shares) 128,356 119,799 120,403
Restricted ordinary shares issued but not fully vested (in shares) (8,162) (4,920) (10,337)
In issue at December 31 – fully paid (in shares) 120,194 114,879 110,066
Authorized (in shares) 500,000 500,000 500,000
v3.25.4
Capital and reserves - Narrative (Details)
$ / shares in Units, $ in Millions
12 Months Ended
Dec. 31, 2025
USD ($)
vote
shares
$ / shares
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Disclosure of classes of share capital [line items]      
GHL Class B ordinary shares convertible into GHL Class A ordinary shares (in shares) | shares 1    
Dividend declared and payable | $ $ 0 $ 0 $ 0
GHL Class A ordinary shares      
Disclosure of classes of share capital [line items]      
Par value per share (in USD per share) | $ / shares $ 0.000001    
Ordinary shares, voting rights | vote 1    
GHL Class B ordinary shares      
Disclosure of classes of share capital [line items]      
Par value per share (in USD per share) | $ / shares $ 0.000001    
Ordinary shares, voting rights | vote 45    
v3.25.4
Capital and reserves - Summary Of Reserves Of The Group Comprise (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Disclosure of reserves within equity [line items]        
Equity $ 6,757 $ 6,351 $ 6,468 $ 6,657
Share-based payment reserve        
Disclosure of reserves within equity [line items]        
Equity 350 392 474 516
Foreign currency translation reserve        
Disclosure of reserves within equity [line items]        
Equity 21 (76) (68) (67)
Other reserve        
Disclosure of reserves within equity [line items]        
Equity (34) (119) $ 138 $ 153
Reserves        
Disclosure of reserves within equity [line items]        
Equity $ 337 $ 197    
v3.25.4
Subsidiaries and Non-controlling Interests - Summary Of Significant Subsidiaries Within The Group (Details)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Grab Holdings Inc.    
Disclosure of subsidiaries [line items]    
Ownership interests held by the Group 100.00% 100.00%
Grab Inc.    
Disclosure of subsidiaries [line items]    
Ownership interests held by the Group 100.00% 100.00%
A2G Holdings Inc.    
Disclosure of subsidiaries [line items]    
Ownership interests held by the Group 100.00% 100.00%
A6 Holding Inc.    
Disclosure of subsidiaries [line items]    
Ownership interests held by the Group 100.00% 100.00%
v3.25.4
Subsidiaries and Non-controlling Interests - Summary of Detailed Information About Non Controlling Interests (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure Of Non-Controlling Interests [Line Items]      
Carrying amount of non-controlling interests acquired $ 29 $ (48)  
Consideration paid to non-controlling interests (130) $ (60) $ (27)
Subsidiaries offering mobility, delivery financial services      
Disclosure Of Non-Controlling Interests [Line Items]      
Carrying amount of non-controlling interests acquired 32    
Derecognition of preference shares held by non-controlling interests 5    
Consideration paid to non-controlling interests (130)    
Decrease in equity attributable to owners of the Company recognized in accumulated losses $ (93)    
v3.25.4
Loans and borrowings - Summary of Loans and Borrowings (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Non-current    
Bank loans $ 188 $ 116
Lease liabilities 185 125
Non-current borrowings 373 241
Current    
Convertible notes (including embedded derivative) 1,502 0
Bank loans 129 90
Lease liabilities 49 33
Current borrowings $ 1,680 $ 123
v3.25.4
Loans and borrowings - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
Jun. 10, 2025
Dec. 31, 2025
Dec. 31, 2024
Convertible notes      
Disclosure of detailed information about borrowings [line items]      
Notional amount $ 1,500    
Convertible notes, initial conversion price (in USD per share) $ 6.55    
Covenant, total number of trading days of share sale price stability upon redemption 30 days    
Transaction costs $ 22    
Convertible notes | Minimum      
Disclosure of detailed information about borrowings [line items]      
Share sale price, as a percentage in relation to conversion price 130.00%    
Covenant, number of trading days of share sale price stability upon redemption 20 days    
Motor vehicles held for leasing      
Disclosure of detailed information about borrowings [line items]      
Property, plant and equipment, pledged as security   $ 570 $ 360
v3.25.4
Loans and borrowings - Summary of Terms and Conditions of Outstanding Loans and Borrowings (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Carrying amount $ 2,053 $ 364
Convertible notes (including embedded derivative)    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Carrying amount $ 1,502  
Convertible notes (including embedded derivative) | Nominal interest rate    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate 0.00%  
SGD Bank Loan Due 2026-2030    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Carrying amount $ 231  
SGD Bank Loan Due 2026-2030 | Nominal interest rate | Bottom of range    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate 1.40%  
SGD Bank Loan Due 2026-2030 | Nominal interest rate | Top of range    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate 2.00%  
MYR Bank Loan Due 2026-2027 | Nominal interest rate | Bottom of range    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate 2.10%  
MYR Bank Loan Due 2026-2027 | Nominal interest rate | Top of range    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate 3.60%  
MYR COF Bank Loan Due 2026    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Carrying amount $ 6  
MYR COF Bank Loan Due 2026 | Nominal interest rate    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate 1.30%  
IDR Bank Loan Due 2025-2029    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Carrying amount $ 30  
IDR Bank Loan Due 2025-2029 | Nominal interest rate | Bottom of range    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate 3.00%  
IDR Bank Loan Due 2025-2029 | Nominal interest rate | Top of range    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate 9.50%  
THB Bank Loan Due 2026-2027    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Carrying amount $ 50  
THB Bank Loan Due 2026-2027 | Nominal interest rate    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate 4.30%  
SGD Bank Loan Due 2025-2029    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Carrying amount   $ 140
SGD Bank Loan Due 2025-2029 | Nominal interest rate | Bottom of range    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate   1.50%
SGD Bank Loan Due 2025-2029 | Nominal interest rate | Top of range    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate   2.10%
MYR Bank Loan Due 2025-2028 | Nominal interest rate | Bottom of range    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate   2.10%
MYR Bank Loan Due 2025-2028 | Nominal interest rate | Top of range    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate   3.60%
MYR COF Bank Loan Due 2025-2028    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Carrying amount   $ 9
MYR COF Bank Loan Due 2025-2028 | Nominal interest rate | Bottom of range    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate   (2.00%)
MYR COF Bank Loan Due 2025-2028 | Nominal interest rate | Top of range    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate   1.30%
IDR Bank Loan Due 2025-2029    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Carrying amount   $ 18
IDR Bank Loan Due 2025-2029 | Nominal interest rate | Bottom of range    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate   3.00%
IDR Bank Loan Due 2025-2029 | Nominal interest rate | Top of range    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate   9.50%
THB COF Bank Loan Due 2025    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Carrying amount   $ 39
THB COF Bank Loan Due 2025 | Nominal interest rate    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate   7.00%
Lease liabilities    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Carrying amount $ 234 $ 158
Lease liabilities | Nominal interest rate | Bottom of range    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate 3.60% 4.10%
Lease liabilities | Nominal interest rate | Top of range    
Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]    
Nominal interest rate 12.50% 12.50%
v3.25.4
Loans and borrowings - Summary of Convertible Notes Disclosure (Details) - USD ($)
$ / shares in Units, $ in Millions
7 Months Ended
Jun. 10, 2025
Dec. 31, 2025
Dec. 31, 2024
Disclosure of detailed information about borrowings [line items]      
Number of convertible notes issued (in shares) 1,500,000    
Convertible notes issued, par value (in USD per share) $ 1,000    
Reconciliation Of Convertible Instruments [Abstract]      
At inception   $ 2,053 $ 364
Carrying amount of host liability as at December 31, 2025   2,053  
Convertible notes      
Disclosure of detailed information about borrowings [line items]      
Notional amount $ 1,500    
Fair value of the embedded derivative 482 460  
Transaction costs (22)    
Reconciliation Of Convertible Instruments [Abstract]      
At inception 996 1,042  
Interest accrued on convertible notes   46  
Carrying amount of host liability as at December 31, 2025 $ 996 $ 1,042  
v3.25.4
Loans and borrowings - Summary of Reconciliation of Movements of Liabilities to Cash Flows from Financing Activities (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of reconciliation of liabilities arising from financing activities [line items]      
Balance at January 1 $ 364 $ 793  
Changes from financing cash flows      
Proceeds from bank loans 193 120 $ 116
Proceeds from issue of convertible notes 1,500 0 0
Repayment of bank loans (260) (635) (765)
Payment of lease liabilities (52) (46) (39)
Transaction costs related to loans and borrowings (22) 0 0
Interest paid (26) (34) (80)
Total changes from financing cash flows 1,333 (595)  
Effect of changes in foreign exchange rates 15 (5)  
Other changes      
Recognition of lease liabilities 116 43  
Derecognition of lease liabilities (1)    
Secured bank loans for asset acquisition 161 86  
Acquisition through business combination 16 1  
Interest expense 71 41  
Fair value changes of the embedded derivative (22)    
Total liability-related other changes 341 171  
Balance at December 31 2,053 364 793
Bank loans      
Disclosure of reconciliation of liabilities arising from financing activities [line items]      
Balance at January 1 206 155  
Changes from financing cash flows      
Proceeds from bank loans 193 120  
Proceeds from issue of convertible notes 0    
Repayment of bank loans (260) (152)  
Payment of lease liabilities 0 0  
Transaction costs related to loans and borrowings 0    
Interest paid (9) (13)  
Total changes from financing cash flows (76) (45)  
Effect of changes in foreign exchange rates 12 (3)  
Other changes      
Recognition of lease liabilities 0 0  
Derecognition of lease liabilities 0 0  
Secured bank loans for asset acquisition 161 86  
Acquisition through business combination 6 0  
Interest expense 8 13  
Fair value changes of the embedded derivative 0    
Total liability-related other changes 175 99  
Balance at December 31 317 206 155
Convertible notes      
Disclosure of reconciliation of liabilities arising from financing activities [line items]      
Balance at January 1 0    
Changes from financing cash flows      
Proceeds from bank loans 0    
Proceeds from issue of convertible notes 1,500    
Repayment of bank loans 0    
Payment of lease liabilities 0    
Transaction costs related to loans and borrowings (22)    
Interest paid 0    
Total changes from financing cash flows 1,478    
Effect of changes in foreign exchange rates 0    
Other changes      
Recognition of lease liabilities 0    
Derecognition of lease liabilities 0    
Secured bank loans for asset acquisition 0    
Acquisition through business combination 0    
Interest expense 46    
Fair value changes of the embedded derivative (22)    
Total liability-related other changes 24    
Balance at December 31 1,502 0  
Term loan      
Disclosure of reconciliation of liabilities arising from financing activities [line items]      
Balance at January 1 0 476  
Changes from financing cash flows      
Proceeds from bank loans   0  
Repayment of bank loans   (483)  
Payment of lease liabilities   0  
Interest paid   (9)  
Total changes from financing cash flows   (492)  
Effect of changes in foreign exchange rates   0  
Other changes      
Recognition of lease liabilities   0  
Derecognition of lease liabilities   0  
Secured bank loans for asset acquisition   0  
Acquisition through business combination   0  
Interest expense   16  
Total liability-related other changes   16  
Balance at December 31   0 476
Lease liabilities      
Disclosure of reconciliation of liabilities arising from financing activities [line items]      
Balance at January 1 158 162  
Changes from financing cash flows      
Proceeds from bank loans 0 0  
Proceeds from issue of convertible notes 0    
Repayment of bank loans 0 0  
Payment of lease liabilities (52) (46)  
Transaction costs related to loans and borrowings 0    
Interest paid (17) (12)  
Total changes from financing cash flows (69) (58)  
Effect of changes in foreign exchange rates 3 (2)  
Other changes      
Recognition of lease liabilities 116 43  
Derecognition of lease liabilities (1)    
Secured bank loans for asset acquisition 0 0  
Acquisition through business combination 10 1  
Interest expense 17 12  
Fair value changes of the embedded derivative 0    
Total liability-related other changes 142 56  
Balance at December 31 $ 234 $ 158 $ 162
v3.25.4
Provisions - Summary of Provisions (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Provisions [abstract]      
Site restoration $ 27 $ 24 $ 25
Legal and others 20 37 $ 32
Provisions 47 61  
Non-current 22 20  
Current $ 25 $ 41  
v3.25.4
Provisions - Summary of Movement in Provision for Site Restoration and Legal Charges (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Disclosure of other provisions [line items]    
Site restoration provision Beginning balance $ 24 $ 25
Legal and other provision, Beginning balance 37 32
Site restoration provision Ending balance 27 24
Legal and other provision, End balance 20 37
Provision for decommissioning, restoration and rehabilitation costs    
Disclosure of other provisions [line items]    
Provisions made during the year 1  
Provisions reversed during the year 0 (1)
Effect of movements in exchange rates 2  
Legal and other provision    
Disclosure of other provisions [line items]    
Provisions made during the year 2 $ 5
Provisions reversed during the year (21)  
Effect of movements in exchange rates $ 2  
v3.25.4
Provisions - Narrative (Details)
$ in Millions
12 Months Ended
Dec. 31, 2025
USD ($)
Legal and other provision  
Disclosure of other provisions [line items]  
Specific provision reversed $ 21
v3.25.4
Trade payables and other liabilities - Summary of Trade and Other Payables (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Non-current liabilities      
Warrant liabilities $ 8 $ 11 $ 6
Put options issued to non-controlling interests 148 43  
Employee defined benefit liability 13 12  
Other non-current financial liabilities 169 66  
Current liabilities      
Trade payables 260 208  
Accrued operating expenses 417 463  
Electronic wallets 292 261  
Tax payables 72 60  
Deposits 32 36  
Put options issued to non-controlling interest 0 98  
Contract liabilities   2  
Payables for purchase of securities 117 0  
Others 66 41  
Trade and other current payables $ 1,256 $ 1,169  
v3.25.4
Trade payables and other liabilities - Narrative (Details)
$ / shares in Units, $ in Millions
12 Months Ended
Dec. 31, 2025
USD ($)
shares
$ / shares
Dec. 31, 2024
USD ($)
Warrant liabilities    
Number of warrants can be exercised on cashless basis (in shares) 12,000,000  
Tender or exchange offer percentage 0.50  
Accrued operating expenses | $ $ 417 $ 463
Settlement liability, class action lawsuits    
Warrant liabilities    
Accrued operating expenses | $   $ 80
Warrants (Note 15)    
Warrant liabilities    
Issuance of warrants as part of reverse recapitalization (in shares) 26,000,000  
Number of shares entitled to (in shares) 1  
Warrants exercise price (in USD per share) | $ / shares $ 11.50  
Number of listed warrants (in shares) 26,000,000  
Warrants (Note 15) | Bottom of range    
Warrant liabilities    
Warrants redemption price (in USD per share) | $ / shares $ 0.01  
Warrants (Note 15) | Top of range    
Warrant liabilities    
Warrants redemption price (in USD per share) | $ / shares $ 0.10  
v3.25.4
Trade payables and other liabilities - Summary of Change in Carrying Value of the Warrants (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Trade and other payables [abstract]    
As at 1 January $ 11 $ 6
Change in fair value (3) 5
As at 31 December $ 8 $ 11
v3.25.4
Deposits from customers in the banking business (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Deposits from customers [abstract]    
Deposits from customers in the banking business $ 1,629 $ 1,225
v3.25.4
Income taxes - Summary of Major Components of Tax Expense (Income) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current tax expense      
Current year $ 83 $ 70 $ 52
Changes in estimates related to prior years (1) 1  
Current tax expense 82 71 52
Origination and reversal of temporary differences 15 4 (2)
Recognition of previously unrecognized tax losses (26) (12) (31)
Changes in estimates related to prior years (2) 0 0
Deferred tax (income)/ expense (13) (8) (33)
Income tax expense $ 69 $ 63 $ 19
v3.25.4
Income taxes - Summary of Reconciliation Of Accounting Profit Multiplied By Applicable Tax Rates And Average Effective Tax Rate (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Reconciliation of accounting profit multiplied by applicable tax rates [abstract]      
Profit/ (loss) before tax $ 269 $ (95) $ (466)
Tax at the domestic rates applicable to profits in the countries where the Group operates 73 44 (33)
Non-deductible expenses 7 10 9
Income not subject to tax (24)    
Current year losses for which no deferred tax asset is recognized 50 64 121
Benefits from previously unrecognized tax losses (34) (56) (78)
Changes in estimates related to prior years (3) 1  
Income tax expense $ 69 $ 63 $ 19
v3.25.4
Income taxes - Summary of Movement in Deferred Tax Balances (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]    
Deferred tax assets $ 85 $ 67
Deferred tax liabilities 35 25
Tax losses carried forward    
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]    
Deferred tax assets 72 51
Others    
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]    
Deferred tax assets 13 16
Property, plant and equipment, intangible assets and others    
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]    
Deferred tax liabilities $ 35 $ 25
v3.25.4
Income taxes - Summary of Movement of Deferred Tax Assets (Liabilities) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Reconciliation of changes in deferred tax liability (asset) [abstract]    
Beginning balance $ 67  
Beginning balance (25)  
Ending balance 85 $ 67
Ending balance (35) (25)
Movement in deferred tax assets    
Reconciliation of changes in deferred tax liability (asset) [abstract]    
Beginning balance 95 85
Recognized in profit or loss 32 12
Acquisition through business combination 0  
Effects of movements in exchange rates 3 (2)
Ending balance 130 95
Deferred tax assets, offset amount (45) (28)
Net deferred tax assets 85 67
Movement in deferred tax liabilities    
Reconciliation of changes in deferred tax liability (asset) [abstract]    
Beginning balance (53) (49)
Recognized in profit or loss (19) (4)
Acquisition through business combination (8)  
Effects of movements in exchange rates 0  
Ending balance (80) (53)
Deferred tax offset 45 28
Net deferred tax liabilities $ (35) $ (25)
v3.25.4
Income taxes - Summary of Unrecognized Deferred Tax Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Tax losses carried forward    
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]    
Unutilized tax losses $ 3,704 $ 4,147
v3.25.4
Income taxes - Summary tax losses carried forward (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Tax losses carried forward    
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]    
Tax losses for which deferred tax is partly recognised $ 3,704 $ 4,147
Unused Tax Losses, Expiring 2026 - 2035    
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]    
Tax losses for which deferred tax is partly recognised $ 702  
Unused Tax Losses, Expiring 2025 - 2034    
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]    
Tax losses for which deferred tax is partly recognised   $ 1,048
v3.25.4
Share-Based Payment Arrangements - Narrative (Details)
12 Months Ended
Dec. 31, 2025
$ / shares
Dec. 31, 2025
shares
$ / shares
Dec. 31, 2024
shares
$ / shares
Dec. 31, 2023
shares
$ / shares
Bottom of range        
Disclosure of terms and conditions of share-based payment arrangement [line items]        
Exercise price of outstanding share options (in USD per share) $ 0.28 $ 0.28 $ 0.28  
Top of range        
Disclosure of terms and conditions of share-based payment arrangement [line items]        
Exercise price of outstanding share options (in USD per share) $ 4.59 $ 4.59 $ 4.03  
Restricted share units and share options        
Disclosure of terms and conditions of share-based payment arrangement [line items]        
Vesting percentage   25.00%    
Vesting period   4 years    
2021 Employee stock purchase plan        
Disclosure of terms and conditions of share-based payment arrangement [line items]        
Vesting period   10 years    
Granted (in shares) | shares   3,872,000 4,255,000 4,224,000
Granted - weighted average exercise price per share (in USD per share)   $ 4.03 $ 2.81 $ 2.89
Employee Share Purchase Plan        
Disclosure of terms and conditions of share-based payment arrangement [line items]        
Vesting percentage 25.00%      
Vesting period   4 years    
Employee subscription rate 15.00% 15.00%    
Discount rate on trading price 0.15 0.15    
Ordinary shares        
Disclosure of terms and conditions of share-based payment arrangement [line items]        
Granted (in shares) | shares   4,472,000 4,920,000 0
Shares cancelled or forfeited (in shares) | shares   0 0 481,000
Share vested in period (in shares) | shares   1,230,000 10,337,000 10,817,000
Restricted stock units (RSUs)        
Disclosure of terms and conditions of share-based payment arrangement [line items]        
Weighted average exercise price of other equity instruments granted (in USD per share)   $ 4.50 $ 3.21 $ 2.90
Restricted ordinary shares        
Disclosure of terms and conditions of share-based payment arrangement [line items]        
Weighted average exercise price of other equity instruments granted (in USD per share)   $ 4.12 $ 3.21  
v3.25.4
Share-Based Payment Arrangements - Summary of Reconciliation of Outstanding RSUs (Details) - Restricted share units - shares
shares in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]      
Beginning balance - number of unvested restricted share units (in shares) 148,200 132,432 131,765
Granted (in shares) 63,602 98,607 93,731
Vested (in shares) (63,196) (66,630) (58,348)
Canceled and forfeited (in shares) (15,253) (16,209) (34,716)
Ending balance - number of unvested restricted share units (in shares) 133,353 148,200 132,432
v3.25.4
Share-Based Payment Arrangements - Summary of Reconciliation of Outstanding Share Options (Details) - Share options (Note 18)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
shares
$ / shares
Dec. 31, 2024
shares
$ / shares
Dec. 31, 2023
shares
$ / shares
Dec. 31, 2022
shares
$ / shares
Number of Share Options        
Number of share options outstanding - beginning of period (in shares) | shares 41,315 48,592 54,937  
Granted (in shares) | $ 6,198      
Exercised (in shares) | shares (24,888) (7,122) (2,446)  
Canceled and forfeited (in shares) | shares (403) (155) (3,899)  
Number of share options outstanding - end of period (in shares) | shares 22,222 41,315 48,592 54,937
Weighted average exercise price per share        
Beginning balance - weighted average exercise price per share (in USD per share) $ 2.24 $ 2.17 $ 2.22  
Granted - weighted average exercise price per share (in USD per share) 4.59      
Exercised - weighted average exercise price per share (in USD per share) 2.51 1.80 1.55  
Cancelled and forfeited - weighted average exercise price per share (in USD per share) 2.24 2.08 3.29  
Ending balance - weighted average exercise price per share (in USD per share) $ 2.59 $ 2.24 $ 2.17 $ 2.22
Weighted-average remaining contractual life        
Weighted-average remaining contractual life (in years) 4 years 6 months 4 years 8 months 12 days 5 years 8 months 12 days 7 years 2 months 12 days
Exercisable - Number of share options (in shares) | shares 16,018 39,940    
Exercisable - Weighted average exercise price per share (in USD per share) $ 1.82 $ 2.25    
v3.25.4
Share-Based Payment Arrangements - Summary of Share-Based Payment Expenses (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]      
Total $ 241 $ 279 $ 304
Cost of revenue      
Disclosure of terms and conditions of share-based payment arrangement [line items]      
Total 48 52 48
Sales and marketing      
Disclosure of terms and conditions of share-based payment arrangement [line items]      
Total 12 13 12
Research and development      
Disclosure of terms and conditions of share-based payment arrangement [line items]      
Total 110 109 97
General and administrative      
Disclosure of terms and conditions of share-based payment arrangement [line items]      
Total $ 71 $ 105 $ 147
v3.25.4
Revenue - Summary of Revenue from Contracts with Customers (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of disaggregation of revenue from contracts with customers [line items]      
Revenue $ 3,370 $ 2,797 $ 2,359
Deliveries      
Disclosure of disaggregation of revenue from contracts with customers [line items]      
Revenue 1,800 1,493 1,310
Mobility      
Disclosure of disaggregation of revenue from contracts with customers [line items]      
Revenue 1,219 1,047 871
Financial services      
Disclosure of disaggregation of revenue from contracts with customers [line items]      
Revenue 347 253 177
Others      
Disclosure of disaggregation of revenue from contracts with customers [line items]      
Revenue $ 4 $ 4 $ 1
v3.25.4
Revenue - Narrative (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue [abstract]      
Rental income from motor vehicles $ 194 $ 168 $ 146
v3.25.4
Revenue - Summary of Disaggregation of Revenue From Contracts With Customers (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of disaggregation of revenue from contracts with customers [line items]      
Revenue $ 3,370 $ 2,797 $ 2,359
Indonesia      
Disclosure of disaggregation of revenue from contracts with customers [line items]      
Revenue 715 643 605
Malaysia      
Disclosure of disaggregation of revenue from contracts with customers [line items]      
Revenue 1,039 816 673
Philippines      
Disclosure of disaggregation of revenue from contracts with customers [line items]      
Revenue 316 265 200
Singapore      
Disclosure of disaggregation of revenue from contracts with customers [line items]      
Revenue 727 578 480
Thailand      
Disclosure of disaggregation of revenue from contracts with customers [line items]      
Revenue 288 252 205
Vietnam      
Disclosure of disaggregation of revenue from contracts with customers [line items]      
Revenue 255 228 185
Rest of Southeast Asia      
Disclosure of disaggregation of revenue from contracts with customers [line items]      
Revenue $ 30 $ 15 $ 11
v3.25.4
Expenses (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Expenses [Abstract]      
Staff costs $ 1,046 $ 1,029 $ 1,113
Operation costs 1,403 1,175 1,048
Depreciation and amortization 177 147 145
Marketing expenses 305 260 227
Professional fees $ 62 $ 58 $ 67
v3.25.4
Net Finance Income (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net Finance Income (Costs) [Abstract]      
Financial assets measured at amortized cost - interest income (primarily time deposits, debt investments and cash and cash equivalents) $ 167 $ 187 $ 197
Net foreign exchange gain 42 0 1
Others 31 0 0
Finance income 240 187 198
Financial liabilities measured at amortized cost – interest expense (71) (41) (99)
Net foreign exchange loss 0 (65) 0
Finance costs (71) (106) (99)
Net change in fair value of financial assets and liabilities 34   (39)
Net finance income $ 203 $ 81 $ 60
v3.25.4
Earnings / (loss) per share - Summary of Basic Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Numerator      
Net income/ (loss) for the year $ 200 $ (158) $ (485)
Net loss attributable to non-controlling interests (68) (53) (51)
Net income/ (loss)for the period attributable to ordinary shareholders $ 268 $ (105) $ (434)
Denominator      
Basic weighted-average ordinary shares outstanding (in shares) 4,092,151 3,995,237 3,894,724
Basic earnings/ (loss) per share attributable to ordinary shareholders (in USD per share) $ 0.07 $ (0.03) $ (0.11)
v3.25.4
Earnings / (loss) per share - Summary of Dilutive earnings per share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Numerator      
Diluted earnings/ (loss) for the year attributable to ordinary shareholders $ 268 $ (105) $ (434)
Denominator      
Weighted-average number of ordinary shares (Basic) (in shares) 4,092,151 3,995,237 3,894,724
Stock options (in shares) 10,259 0 0
RSU and restricted ordinary shares (in shares) 101,947 0 0
Common shares issued for ESPP (in shares) 1,728 0 0
Weighted-average number of ordinary shares (Diluted) (in shares) 4,206,085 3,995,237 3,894,724
Diluted earnings/ (loss) per share attributable to ordinary shareholders (in USD per share) $ 0.06 $ (0.03) $ (0.11)
v3.25.4
Earnings / (loss) per share - Summary of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares
shares in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Earnings per share [line items]      
Number of instruments that are antidilutive in period presented (in thousands of shares) 269,026 222,491 343,035
Warrants (Note 15)      
Earnings per share [line items]      
Number of instruments that are antidilutive in period presented (in thousands of shares) 26,000 26,000 26,000
Share options (Note 18)      
Earnings per share [line items]      
Number of instruments that are antidilutive in period presented (in thousands of shares) 6,198 41,315 48,592
RSU and Restricted ordinary shares (Note 18)      
Earnings per share [line items]      
Number of instruments that are antidilutive in period presented (in thousands of shares) 7,820 153,120 142,769
Convertible notes      
Earnings per share [line items]      
Number of instruments that are antidilutive in period presented (in thousands of shares) 229,008 0 0
Shares committed under ESPP (Note 18)      
Earnings per share [line items]      
Number of instruments that are antidilutive in period presented (in thousands of shares) 0 2,056 4,224
Options to swap shares in GHL subsidiaries for GHL Class A Ordinary Shares      
Earnings per share [line items]      
Number of instruments that are antidilutive in period presented (in thousands of shares) 0 0 121,450
v3.25.4
Related Parties - Summary of Compensation to Directors and Executive Officers (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of transactions between related parties [abstract]      
Short-term employee benefits $ 7 $ 8 $ 7
Share-based payment $ 44 $ 51 $ 103
v3.25.4
Related Parties - Narrative (Details) - director
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Apr. 01, 2024
Mar. 31, 2024
Disclosure of transactions between related parties [abstract]        
Number of board members 8   7 6
Number of newly appointed directors 4 2    
Number of directors retired 3 1    
v3.25.4
Leases - Narrative (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of quantitative information about right-of-use assets [line items]      
Rental income $ 194 $ 168 $ 146
Bottom of range      
Disclosure of quantitative information about right-of-use assets [line items]      
Office premises, retail stores and motor vehicles lease term 1 year    
Office equipment lease term 1 year    
Top of range      
Disclosure of quantitative information about right-of-use assets [line items]      
Office premises, retail stores and motor vehicles lease term 11 years    
Office equipment lease term 5 years    
v3.25.4
Leases - Summary of Right-of-use Assets (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Reconciliation of changes in right-of-use assets [abstract]      
Beginning balance - right of use assets $ 138 $ 143  
Changes in right-of-use assets [abstract]      
Depreciation (52) (48)  
Additions 116 43  
Acquisition through business combination 15 1  
Derecognition (1)    
Effects of movement in exchange rates 2 (1)  
Ending balance - right of use assets 218 138 $ 143
Amounts recognized in profit or loss      
Interest on lease liabilities 17 12 13
Property      
Reconciliation of changes in right-of-use assets [abstract]      
Beginning balance - right of use assets 108 119  
Changes in right-of-use assets [abstract]      
Depreciation (31) (29)  
Additions 37 17  
Acquisition through business combination 15 1  
Derecognition (1)    
Effects of movement in exchange rates 4    
Ending balance - right of use assets 132 108 119
Motor vehicles      
Reconciliation of changes in right-of-use assets [abstract]      
Beginning balance - right of use assets 30 24  
Changes in right-of-use assets [abstract]      
Depreciation (21) (19)  
Additions 79 26  
Acquisition through business combination 0 0  
Derecognition 0 0  
Effects of movement in exchange rates (2) (1)  
Ending balance - right of use assets $ 86 $ 30 $ 24
v3.25.4
Leases - Summary of Maturity Analysis of Operating Lease Payments (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Not later than one year    
Disclosure of maturity analysis of operating lease payments [line items]    
Undiscounted operating lease payments to be received $ 79 $ 67
Later than one year and not later than five years    
Disclosure of maturity analysis of operating lease payments [line items]    
Undiscounted operating lease payments to be received $ 31 $ 36
v3.25.4
Financial instruments - Summary of Impairment Losses on Financial Assets (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of detailed information about financial instruments [line items]      
Financial assets, impairment $ 140 $ 95 $ 72
Loan receivables and commitments in the financial services segment      
Disclosure of detailed information about financial instruments [line items]      
Financial assets, impairment 119 56 42
Trade receivables      
Disclosure of detailed information about financial instruments [line items]      
Financial assets, impairment 19 31 26
Payment cycle receivables      
Disclosure of detailed information about financial instruments [line items]      
Financial assets, impairment 2 5 5
Other receivables      
Disclosure of detailed information about financial instruments [line items]      
Financial assets, impairment   $ 3 (1)
Cash and cash equivalents      
Disclosure of detailed information about financial instruments [line items]      
Financial assets, impairment $ 0   $ 0
v3.25.4
Financial instruments - Schedule Of Exposure To Credit Risk To Loan Receivables By Geographical Region (Details) - Loan receivables and commitments in the financial services segment - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Disclosure of credit risk exposure [line items]    
Net carrying amount $ 1,180 $ 536
Indonesia    
Disclosure of credit risk exposure [line items]    
Net carrying amount 63 59
Malaysia    
Disclosure of credit risk exposure [line items]    
Net carrying amount 247 80
Singapore    
Disclosure of credit risk exposure [line items]    
Net carrying amount 672 295
Thailand    
Disclosure of credit risk exposure [line items]    
Net carrying amount 101 63
Other countries    
Disclosure of credit risk exposure [line items]    
Net carrying amount $ 97 $ 39
v3.25.4
Financial instruments - Narrative (Details)
$ in Millions
12 Months Ended
Dec. 31, 2025
USD ($)
basisPoint
Dec. 31, 2024
USD ($)
Disclosure of detailed information about financial instruments [line items]    
Deposits held with banks and debt investments at amortized cost and FVOCI $ 2,682 $ 2,789
Gross financial assets subject to offsetting, enforceable master netting arrangements or similar agreements 667 694
Gross carrying amount $ 9,493 7,381
Bank loans    
Disclosure of detailed information about financial instruments [line items]    
Basis points changes in interest rate | basisPoint 0.0100  
Bottom of range    
Disclosure of detailed information about financial instruments [line items]    
Past period term for assessing credit losses 12 months  
Top of range    
Disclosure of detailed information about financial instruments [line items]    
Past period term for assessing credit losses 18 months  
Loan receivables and commitments in the financial services segment    
Disclosure of detailed information about financial instruments [line items]    
Undrawn loan commitments $ 753 205
Listed equity shares    
Disclosure of detailed information about financial instruments [line items]    
Gross carrying amount $ 40 $ 19
v3.25.4
Financial instruments - Summary Of Exposure To Credit Risk And ECLs Relating to Loan Receivables (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount $ 9,493 $ 7,381  
Loss allowance 9,493 7,381  
Loan receivables and commitments in the financial services segment | Gross carrying amount      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount 1,278 586  
Loss allowance 1,278 586  
Loan receivables and commitments in the financial services segment | Loss allowance      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount (98) (50) $ (34)
Loss allowance $ (98) $ (50) $ (34)
Loan receivables and commitments in the financial services segment | Current (not past due)      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Weighted average loss rate 3.20% 3.60%  
Loan receivables and commitments in the financial services segment | Current (not past due) | Gross carrying amount | Financial instruments not credit-impaired      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount $ 1,144 $ 515  
Loss allowance 1,144 515  
Loan receivables and commitments in the financial services segment | Current (not past due) | Loss allowance | Financial instruments not credit-impaired      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount (45) (21)  
Loss allowance $ (45) $ (21)  
Loan receivables and commitments in the financial services segment | 1 – 30 days past due      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Weighted average loss rate 18.40% 17.60%  
Loan receivables and commitments in the financial services segment | 1 – 30 days past due | Gross carrying amount | Financial instruments not credit-impaired      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount $ 81 $ 44  
Loss allowance 81 44  
Loan receivables and commitments in the financial services segment | 1 – 30 days past due | Loss allowance | Financial instruments not credit-impaired      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount (15) (8)  
Loss allowance $ (15) $ (8)  
Loan receivables and commitments in the financial services segment | 31 – 60 days past due      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Weighted average loss rate 49.30% 59.20%  
Loan receivables and commitments in the financial services segment | 31 – 60 days past due | Gross carrying amount | Financial instruments not credit-impaired      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount $ 19 $ 9  
Loss allowance 19 9  
Loan receivables and commitments in the financial services segment | 31 – 60 days past due | Loss allowance | Financial instruments not credit-impaired      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount (10) (5)  
Loss allowance $ (10) $ (5)  
Loan receivables and commitments in the financial services segment | 61 – 90 days past due      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Weighted average loss rate 61.20% 80.00%  
Loan receivables and commitments in the financial services segment | 61 – 90 days past due | Gross carrying amount | Financial instruments not credit-impaired      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount $ 14 $ 7  
Loss allowance 14 7  
Loan receivables and commitments in the financial services segment | 61 – 90 days past due | Loss allowance | Financial instruments not credit-impaired      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount (9) (6)  
Loss allowance $ (9) $ (6)  
Loan receivables and commitments in the financial services segment | 91 – 120 days past due      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Weighted average loss rate 91.20% 89.70%  
Loan receivables and commitments in the financial services segment | 91 – 120 days past due | Gross carrying amount | Financial instruments credit-impaired      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount $ 9 $ 6  
Loss allowance 9 6  
Loan receivables and commitments in the financial services segment | 91 – 120 days past due | Loss allowance | Financial instruments credit-impaired      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount (8) (5)  
Loss allowance $ (8) $ (5)  
Loan receivables and commitments in the financial services segment | More than 121 days      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Weighted average loss rate 95.00% 94.20%  
Loan receivables and commitments in the financial services segment | More than 121 days | Gross carrying amount | Financial instruments credit-impaired      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount $ 11 $ 5  
Loss allowance 11 5  
Loan receivables and commitments in the financial services segment | More than 121 days | Loss allowance | Financial instruments credit-impaired      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount (11) (5)  
Loss allowance $ (11) $ (5)  
v3.25.4
Financial instruments - Summary Of Movements In Allowance For Impairment Relating to Loan Receivables (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]    
At January 1 $ (7,381)  
At December 31 (9,493) $ (7,381)
Loss allowance | Loan receivables and commitments in the financial services segment    
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]    
At January 1 50 34
Impairment loss recognized 114 56
Amounts written off (69) (39)
Exchange translation differences 3 (1)
At December 31 $ 98 $ 50
v3.25.4
Financial instruments - Summary Of Exposure To Credit Risk To Trade Receivables By Geographical Region (Details) - Trade receivables - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Disclosure of credit risk exposure [line items]    
Net carrying amount $ 136 $ 138
Indonesia    
Disclosure of credit risk exposure [line items]    
Net carrying amount 41 47
Malaysia    
Disclosure of credit risk exposure [line items]    
Net carrying amount 21 16
Philippines    
Disclosure of credit risk exposure [line items]    
Net carrying amount 10 11
Singapore    
Disclosure of credit risk exposure [line items]    
Net carrying amount 27 30
Thailand    
Disclosure of credit risk exposure [line items]    
Net carrying amount 11 11
Vietnam    
Disclosure of credit risk exposure [line items]    
Net carrying amount 16 20
Other countries    
Disclosure of credit risk exposure [line items]    
Net carrying amount $ 10 $ 3
v3.25.4
Financial instruments - Summary Of Exposure To Credit Risk And ECLs Relating to Trade Receivables (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount $ 9,493 $ 7,381  
Loss allowance $ 9,493 $ 7,381  
Trade receivables | Current (not past due)      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Weighted average loss rate 4.30% 6.00%  
Trade receivables | 1 – 30 days past due      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Weighted average loss rate 10.70% 10.80%  
Trade receivables | 31 – 60 days past due      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Weighted average loss rate 19.30% 17.20%  
Trade receivables | 61 – 90 days past due      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Weighted average loss rate 20.10% 33.70%  
Trade receivables | 91 – 120 days past due      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Weighted average loss rate 57.10% 36.70%  
Trade receivables | More than 121 days      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Weighted average loss rate 97.00% 99.20%  
Trade receivables | Gross carrying amount      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount $ 169 $ 161  
Loss allowance 169 161  
Trade receivables | Gross carrying amount | Financial instruments not credit-impaired | Current (not past due)      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount 110 119  
Loss allowance 110 119  
Trade receivables | Gross carrying amount | Financial instruments not credit-impaired | 1 – 30 days past due      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount 19 17  
Loss allowance 19 17  
Trade receivables | Gross carrying amount | Financial instruments not credit-impaired | 31 – 60 days past due      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount 7 8  
Loss allowance 7 8  
Trade receivables | Gross carrying amount | Financial instruments not credit-impaired | 61 – 90 days past due      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount 8 4  
Loss allowance 8 4  
Trade receivables | Gross carrying amount | Financial instruments not credit-impaired | 91 – 120 days past due      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount 3 2  
Loss allowance 3 2  
Trade receivables | Gross carrying amount | Financial instruments credit-impaired | More than 121 days      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount 22 11  
Loss allowance 22 11  
Trade receivables | Loss allowance      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount (33) (23) $ (22)
Loss allowance (33) (23) $ (22)
Trade receivables | Loss allowance | Financial instruments not credit-impaired | Current (not past due)      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount (5) (7)  
Loss allowance (5) (7)  
Trade receivables | Loss allowance | Financial instruments not credit-impaired | 1 – 30 days past due      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount (2) (2)  
Loss allowance (2) (2)  
Trade receivables | Loss allowance | Financial instruments not credit-impaired | 31 – 60 days past due      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount (1) (1)  
Loss allowance (1) (1)  
Trade receivables | Loss allowance | Financial instruments not credit-impaired | 61 – 90 days past due      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount (2) (1)  
Loss allowance (2) (1)  
Trade receivables | Loss allowance | Financial instruments not credit-impaired | 91 – 120 days past due      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount (2) (1)  
Loss allowance (2) (1)  
Trade receivables | Loss allowance | Financial instruments credit-impaired | More than 121 days      
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]      
Gross carrying amount (21) (11)  
Loss allowance $ (21) $ (11)  
v3.25.4
Financial instruments - Summary Of Movements In Allowance For Impairment Relating to Trade Receivables (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]    
At January 1 $ (7,381)  
At December 31 (9,493) $ (7,381)
Trade receivables | Loss allowance    
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]    
At January 1 23 22
Impairment loss recognized 19 31
Amounts written off (10) (30)
Acquisition through business combination 0  
Exchange translation differences 1  
At December 31 $ 33 $ 23
v3.25.4
Financial instruments - Summary of Contractual Maturities of Financial Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Carrying amount $ 4,934 $ 2,654
Non-derivative financial liabilities, undiscounted cash flows (5,008) (2,729)
Less than 1 year    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Non-derivative financial liabilities, undiscounted cash flows (2,919) (2,371)
1 to 5 years    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Non-derivative financial liabilities, undiscounted cash flows (2,013) (272)
More than 5 years    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Non-derivative financial liabilities, undiscounted cash flows (76) (86)
Bank loans    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Carrying amount 317 206
Bank loans - contractual cash flows (339) (221)
Bank loans | Less than 1 year    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Bank loans - contractual cash flows (135) (93)
Bank loans | 1 to 5 years    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Bank loans - contractual cash flows (204) (128)
Bank loans | More than 5 years    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Bank loans - contractual cash flows 0 0
Convertible notes (including embedded derivative)    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Carrying amount 1,502  
Convertible notes (including embedded derivative) - contractual cash flows (1,500)  
Convertible notes (including embedded derivative) | Less than 1 year    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Convertible notes (including embedded derivative) - contractual cash flows 0  
Convertible notes (including embedded derivative) | 1 to 5 years    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Convertible notes (including embedded derivative) - contractual cash flows (1,500)  
Convertible notes (including embedded derivative) | More than 5 years    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Convertible notes (including embedded derivative) - contractual cash flows 0  
Deposits from customers in the banking business    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Carrying amount 1,629 1,225
Deposits from customers in the banking business - contractual cash flows (1,629) (1,225)
Deposits from customers in the banking business | Less than 1 year    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Deposits from customers in the banking business - contractual cash flows (1,629) (1,225)
Deposits from customers in the banking business | 1 to 5 years    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Deposits from customers in the banking business - contractual cash flows 0 0
Deposits from customers in the banking business | More than 5 years    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Deposits from customers in the banking business - contractual cash flows 0 0
Trade payables and other liabilities    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Carrying amount 1,252 1,065
Trade and other payables - contractual cash flows (1,252) (1,065)
Trade payables and other liabilities | Less than 1 year    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Trade and other payables - contractual cash flows (1,096) (1,011)
Trade payables and other liabilities | 1 to 5 years    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Trade and other payables - contractual cash flows (156) (54)
Trade payables and other liabilities | More than 5 years    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Trade and other payables - contractual cash flows 0 0
Lease liabilities    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Carrying amount 234 158
Lease liabilities - contractual cash flows (288) (218)
Lease liabilities | Less than 1 year    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Lease liabilities - contractual cash flows (59) (42)
Lease liabilities | 1 to 5 years    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Lease liabilities - contractual cash flows (153) (90)
Lease liabilities | More than 5 years    
Disclosure of maturity analysis for non-derivative financial liabilities [line items]    
Lease liabilities - contractual cash flows $ (76) $ (86)
v3.25.4
Financial instruments - Summary of Interest Rate Profile of the Group's Interest-bearing Financial Instruments (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Disclosure of financial instruments by type of interest rate [line items]    
Financial assets $ 9,493 $ 7,381
Financial liabilities (4,934) (2,654)
Interest rate risk | Fixed-rate instruments | Other investments    
Disclosure of financial instruments by type of interest rate [line items]    
Financial assets 4,004 3,223
Interest rate risk | Fixed-rate instruments | Cash and cash equivalents    
Disclosure of financial instruments by type of interest rate [line items]    
Financial assets 3,433 2,964
Interest rate risk | Fixed-rate instruments | Bank loans    
Disclosure of financial instruments by type of interest rate [line items]    
Financial liabilities (261) (158)
Interest rate risk | Variable-rate instruments | Bank loans    
Disclosure of financial instruments by type of interest rate [line items]    
Financial liabilities $ (56) $ (48)
v3.25.4
Financial instruments - Summary of Accounting Classification and Fair Values (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets $ 9,493 $ 7,381  
Financial assets, at fair value 1,866 929  
Financial liabilities, carrying amount (4,934) (2,654)  
Financial liabilities, at fair value (616) (157)  
FVTPL      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (567) (16)  
FVOCI      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (49) (141)  
Amortized cost      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (4,318) (2,497)  
Convertible notes (including embedded derivative)      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (1,502)    
Financial liabilities, at fair value (460)    
Convertible notes (including embedded derivative) | FVTPL      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (460)    
Convertible notes (including embedded derivative) | FVOCI      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount 0    
Convertible notes (including embedded derivative) | Amortized cost      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (1,042)    
Bank loans      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (317) (206)  
Bank loans | FVTPL      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount 0 0  
Bank loans | FVOCI      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount 0 0  
Bank loans | Amortized cost      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (317) (206)  
Lease liabilities      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (234) (158)  
Lease liabilities | FVTPL      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount 0 0  
Lease liabilities | FVOCI      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount 0 0  
Lease liabilities | Amortized cost      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (234) (158)  
Warrant liabilities      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (8) (11)  
Financial liabilities, at fair value (8) (11)  
Warrant liabilities | FVTPL      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (8) (11)  
Warrant liabilities | FVOCI      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount 0 0  
Warrant liabilities | Amortized cost      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount 0 0  
Trade payables and other liabilities      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (1,244) (1,054)  
Financial liabilities, at fair value (148) (146)  
Trade payables and other liabilities | FVTPL      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (99) (5)  
Trade payables and other liabilities | FVOCI      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (49) (141)  
Trade payables and other liabilities | Amortized cost      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (1,096) (908)  
Deposits from customers in the banking business      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (1,629) (1,225)  
Deposits from customers in the banking business | FVTPL      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount 0 0  
Deposits from customers in the banking business | FVOCI      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount 0 0  
Deposits from customers in the banking business | Amortized cost      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, carrying amount (1,629) (1,225)  
Level 1      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets, at fair value 426 354  
Financial liabilities, at fair value (8) (11)  
Level 1 | Convertible notes (including embedded derivative)      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, at fair value 0    
Level 1 | Warrant liabilities      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, at fair value (8) (11)  
Level 1 | Trade payables and other liabilities      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, at fair value 0 0  
Level 2      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets, at fair value 1,172 342  
Financial liabilities, at fair value 0 0  
Level 2 | Convertible notes (including embedded derivative)      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, at fair value 0    
Level 2 | Warrant liabilities      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, at fair value 0 0  
Level 2 | Trade payables and other liabilities      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, at fair value 0 0  
Level 3      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets (340) 87 $ 98
Financial assets, at fair value 268 233  
Financial liabilities, at fair value (608) (146)  
Level 3 | Convertible notes (including embedded derivative)      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, at fair value (460)    
Level 3 | Warrant liabilities      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, at fair value 0 0  
Level 3 | Trade payables and other liabilities      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial liabilities, at fair value (148) (146)  
FVTPL      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 1,712 662  
FVOCI      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 154 267  
Amortized cost      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 7,627 6,452  
Debt investments      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 2,447 1,525  
Financial assets, at fair value 1,476 701  
Debt investments | Level 1      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets, at fair value 182 268  
Debt investments | Level 2      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets, at fair value 1,172 321  
Debt investments | Level 3      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets, at fair value 122 112  
Debt investments | FVTPL      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 1,322 434  
Debt investments | FVOCI      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 154 267  
Debt investments | Amortized cost      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 971 824  
Equity investments      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 390 207  
Financial assets, at fair value 390 207  
Equity investments | Level 1      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets, at fair value 244 86  
Equity investments | Level 2      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets, at fair value 0 0  
Equity investments | Level 3      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets, at fair value 146 121  
Equity investments | FVTPL      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 390 207  
Equity investments | FVOCI      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 0 0  
Equity investments | Amortized cost      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 0 0  
Time Deposits [Member]      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 1,557 1,698  
Time Deposits [Member] | FVTPL      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 0 0  
Time Deposits [Member] | FVOCI      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 0 0  
Time Deposits [Member] | Amortized cost      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 1,557 1,698  
Loan receivables in the financial services segment      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 1,180 536  
Loan receivables in the financial services segment | FVTPL      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 0 0  
Loan receivables in the financial services segment | FVOCI      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 0 0  
Loan receivables in the financial services segment | Amortized cost      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 1,180 536  
Trade and other receivables      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 240 206  
Trade and other receivables | FVTPL      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 0 0  
Trade and other receivables | FVOCI      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 0 0  
Trade and other receivables | Amortized cost      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 240 206  
Other assets      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 246 245  
Financial assets, at fair value   21  
Other assets | Level 1      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets, at fair value   0  
Other assets | Level 2      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets, at fair value   21  
Other assets | Level 3      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets, at fair value   0  
Other assets | FVTPL      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 0 21  
Other assets | FVOCI      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 0 0  
Other assets | Amortized cost      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 246 224  
Cash and cash equivalents      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 3,433 2,964  
Cash and cash equivalents | FVTPL      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 0 0  
Cash and cash equivalents | FVOCI      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets 0 0  
Cash and cash equivalents | Amortized cost      
Disclosure Of Fair Value Of Financial Instruments [line items]      
Financial assets $ 3,433 $ 2,964  
v3.25.4
Financial instruments - Summary of Reconciliation from the Opening Balances to the Ending Balances (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Equity and debt investments    
At January 1 $ 7,381  
At December 31 9,493 $ 7,381
Put options issued to non-controlling interests    
Liabilities at beginning of period (2,654)  
Liabilities at end of period (4,934) (2,654)
Level 3    
Equity and debt investments    
At January 1 87 98
- Gain/ (loss) included in profit or loss (51) 10
- Gain included in OCI 3 (23)
Net purchases/ (issuances)   2
Net purchases/ (issuances) (449)  
Transfer between Level 3 and Level 1 (40)  
At December 31 (340) 87
Put options issued to non-controlling interests    
Net purchases/ (issuances) (449)  
Derecognition 110  
Level 3 | Put options issued to non-controlling interest*    
Equity and debt investments    
Net purchases/ (issuances) (16)  
Put options issued to non-controlling interests    
Liabilities at beginning of period (146) (123)
- Gain/ (loss) included in profit or loss (99) 0
- Gain included in OCI 3 (23)
Net purchases/ (issuances) (16)  
Derecognition 110  
Transfer between Level 3 and Level 1 0  
Net purchases/ (issuances)   0
Liabilities at end of period (148) (146)
Level 3 | Embedded derivative of the Convertible Notes    
Equity and debt investments    
Net purchases/ (issuances) (482)  
Put options issued to non-controlling interests    
Liabilities at beginning of period 0 0
- Gain/ (loss) included in profit or loss 22 0
- Gain included in OCI 0 0
Net purchases/ (issuances) (482)  
Derecognition 0  
Transfer between Level 3 and Level 1 0  
Net purchases/ (issuances)   0
Liabilities at end of period (460) 0
Level 3 | Equity and debt investments    
Equity and debt investments    
At January 1 233 221
- Gain/ (loss) included in profit or loss 26 10
- Gain included in OCI 0 0
Net purchases/ (issuances) 49 2
Derecognition 0  
Transfer between Level 3 and Level 1 (40)  
At December 31 $ 268 $ 233
v3.25.4
Operating Segments (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disclosure of operating segments [line items]      
Depreciation and amortization $ (177) $ (147) $ (145)
Restructuring costs (12) (14) (56)
Profit/ (loss) before income tax 269 (95) (466)
Income tax expense (69) (63) (19)
Share of profit/ (loss) of equity-accounted investees (net of tax) 1 (8) (7)
Profit/ (loss) for the year 200 (158) (485)
Reportable segments      
Disclosure of operating segments [line items]      
Total reportable Segment Adjusted EBITDA 868 663 376
Regional corporate costs (368) (350) (398)
Net other income 12 13 17
Depreciation and amortization (177) (147) (145)
Share-based compensation expenses (241) (279) (304)
Impairment losses on goodwill and non-financial assets   0  
Restructuring costs (12) (14) (56)
Legal, tax and regulatory settlement provisions 3 (48) (8)
Cost related to mergers and acquisitions (20) (6) (1)
Profit/ (loss) before income tax 65 (168) (519)
Income tax expense (69) (63) (19)
Net finance income 203 81 60
Share of profit/ (loss) of equity-accounted investees (net of tax) 1 (8) (7)
Profit/ (loss) for the year 200 (158) (485)
Reportable segments | Deliveries      
Disclosure of operating segments [line items]      
Total reportable Segment Adjusted EBITDA 287 196 81
Reportable segments | Mobility      
Disclosure of operating segments [line items]      
Total reportable Segment Adjusted EBITDA 690 569 466
Reportable segments | Financial services      
Disclosure of operating segments [line items]      
Total reportable Segment Adjusted EBITDA (110) (105) (170)
Reportable segments | Others      
Disclosure of operating segments [line items]      
Total reportable Segment Adjusted EBITDA $ 1 $ 3 $ (1)
v3.25.4
Business combinations - Narrative (Details) - USD ($)
$ in Millions
10 Months Ended
Dec. 31, 2025
Apr. 15, 2025
Mar. 03, 2025
Dec. 31, 2024
Disclosure of detailed information about business combination [line items]        
Other liabilities $ 169     $ 66
Eastern Grocer Sdn Bhd ("Everrise")        
Disclosure of detailed information about business combination [line items]        
Percentage of voting interests acquired     80.00%  
Percentage of ownership that could be sold 20.00%      
Other liabilities $ 16      
Eastern Grocer Sdn Bhd ("Everrise") | Minimum        
Disclosure of detailed information about business combination [line items]        
Period after acquisition in which non-controlling interest can sell their shareholding 3 years      
Eastern Grocer Sdn Bhd ("Everrise") | Maximum        
Disclosure of detailed information about business combination [line items]        
Period after acquisition in which non-controlling interest can sell their shareholding 5 years      
Validus Capital Pte Ltd ("Validus")        
Disclosure of detailed information about business combination [line items]        
Percentage of voting interests acquired   100.00%    
v3.25.4
Business combinations - Summary of Business Combination (Details) - USD ($)
$ in Millions
Apr. 15, 2025
Mar. 03, 2025
Eastern Grocer Sdn Bhd ("Everrise")    
Disclosure of detailed information about business combination [line items]    
Property, plant and equipment   $ 29
Intangible assets   18
Inventories   12
Trade and other receivables   1
Cash and cash equivalents   8
Loans and borrowings   (16)
Deferred tax liabilities   (7)
Trade payables and other liabilities   (11)
Identifiable net assets acquired   34
Less: Non-controlling interest proportionate share of identifiable net assets   (7)
Goodwill on acquisition (described below)   27
Purchase consideration   $ 54
Validus Capital Pte Ltd ("Validus")    
Disclosure of detailed information about business combination [line items]    
Loan receivables in the financial services segment $ 34  
Other net assets 2  
Identifiable net assets acquired 36  
Goodwill on acquisition (described below) 12  
Purchase consideration 48  
Contingent consideration recognised as of acquisition date $ 2  
v3.25.4
Contingencies and Commitments (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Disclosure of Maturity Analysis of Operating Lease Payables [Line Items]  
Non-cancelable purchase obligations $ 494
Less than 1 year  
Disclosure of Maturity Analysis of Operating Lease Payables [Line Items]  
Non-cancelable purchase obligations 104
1 to 5 years  
Disclosure of Maturity Analysis of Operating Lease Payables [Line Items]  
Non-cancelable purchase obligations $ 390
v3.25.4
Subsequent Events (Details) - USD ($)
$ in Millions
1 Months Ended
Feb. 28, 2026
Jan. 31, 2026
Major ordinary share transactions | Class A ordinary shares    
Disclosure of non-adjusting events after reporting period [line items]    
Authorization of a share repurchase program $ 500  
Vay | Major business combination    
Disclosure of non-adjusting events after reporting period [line items]    
Consideration paid for acquisition   $ 55
Stash | Major business combination    
Disclosure of non-adjusting events after reporting period [line items]    
Percentage of voting interests acquired 100.00%  
Equity interest of acquiree, percentage obtained 50.10%  
Enterprise value $ 425  
Equity interests of acquirer, term 3 years