Grab Holdings Ltd. Trading Update and Acquisition News

Trading Update for April and May 2025

Grab Holdings Limited (NASDAQ: GRAB) has released a trading update for April and May 2025, highlighting robust growth in its on-demand Gross Merchandise Value (GMV) and ride numbers despite macroeconomic uncertainties. The company reported a 19% growth in On-Demand GMV compared to the same period in 2024, consistent with its Q1 earnings. This growth was particularly strong in Indonesia, where Grab continued to see sequential growth in both metrics. The company emphasized its focus on driving affordability and expansion in Indonesia to benefit driver-partners, merchant-partners, and customers.

No Current Talks for GoTo Acquisition

In a separate announcement, Grab Holdings Ltd. clarified that it is not currently in talks to acquire GoTo Group, a Southeast Asian internet peer. This statement comes amid reports of a potential US$7 billion acquisition deal. Grab confirmed that there are no ongoing discussions or definitive agreements with GoTo Group at this time. The company reiterated its commitment to serving Indonesian customers, driver-partners, and merchant-partners, highlighting Indonesia’s importance in its mission.

Market Context

Grab Holdings Ltd., a Nasdaq-listed company, operates across various industries, including delivery management, mobility, financial services, and enterprise software solutions. As of May 29, 2025, the company’s close price was $4.87, with a market capitalization of $20.62 billion. Despite a high Price Earnings ratio of 1040, Grab’s recent performance indicates strong growth potential, particularly in its Indonesian market.

Investment Perspectives

While there have been discussions about potential investments in the combined entity of GoTo Group and Grab, no formal talks have been confirmed. Stefanus Ade Hadiwidjaja, Managing Director of Investment at Danantara Indonesia, stated that there are currently no formal discussions regarding potential investments in the merged entity. Danantara Indonesia remains open to investment opportunities that align with its mandate to strengthen strategic sectors and enhance value.

Overall, Grab Holdings Ltd. continues to focus on growth and expansion, particularly in Indonesia, while maintaining transparency regarding its strategic initiatives and market position.