Slides
Page 1
Supplemental Data August 2026
Page 2
Non-IFRS Financial Measures This document and the investor webcast include references to non-IFRS financial measures, which include: Adjusted EBITDA, Segment Adjusted EBITDA, Segment Adjusted EBITDA margin, Total Segment Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Free Cash Flow, gross cash liquidity and net cash liquidity. Grab uses Adjusted EBITDA, Segment Adjusted EBITDA, Segment Adjusted EBITDA margin, Total Segment Adjusted EBITDA, and Adjusted EBITDA margin for financial and operational decision-making and as a means to evaluate period-to-period comparisons, and Grabʼs management believes that these non-IFRS financial measures provide meaningful supplemental information regarding its performance by excluding certain items that may not be indicative of its recurring core business operating results. For example, Grabʼs management uses Total Segment Adjusted EBITDA as a useful indicator of the economics of Grabʼs business segments, as it does not include regional corporate costs. Adjusted Free Cash Flow excludes the effects of the movement in working capital for our lending and digital banking deposit activities and net changes in treasury liquidity positions in the Financial Services segment. Grab uses Adjusted Free Cash Flow to monitor business performance and assess its cash flow activity other than its lending and digital banking deposit and liquidity management activities, and Grabʼs management believes that the additional disclosure serves as a useful indicator for comparison with the cash flow reporting of certain of its peers. Grab uses gross cash liquidity and net cash liquidity to assess our ability to meet short-term obligations and invest in growth opportunities. However, there are a number of limitations related to the use of non-IFRS financial measures, and as such, the presentation of these non-IFRS financial measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with IFRS. In addition, these non-IFRS financial measures may differ from non-IFRS financial measures with comparable names used by other companies. See below for additional explanations about the non-IFRS financial measures, including their definitions and a reconciliation of these measures to the most directly comparable IFRS financial measures. With regard to forward-looking non-IFRS guidance and targets provided in this document and the investor webcast, Grab is unable to provide a reconciliation of these forward-looking non-IFRS measures to the most directly comparable IFRS measures without unreasonable efforts because the information needed to reconcile these measures is dependent on future events, many of which Grab is unable to control or predict. We compare the percent change in our current period results from the corresponding prior period using constant currency. We present constant currency growth rate information to provide a framework for assessing how our underlying GMV and revenue performed excluding the effect of foreign currency rate fluctuations. We calculate constant currency by translating our current period financial results using the corresponding prior periodʼs monthly exchange rates for our transacted currencies other than the U.S. dollar. Industry and Market Data This document may contain information, estimates and other statistical data derived from third party sources , including research, surveys or studies, some of which are preliminary drafts, conducted by third parties, information provided by customers and/or industry or general publications. Such information involves a number of assumptions and limitations due to the nature of the techniques and methodologies used in market research, and as such neither Grab nor the third-party sources can guarantee the accuracy of such information. You are cautioned not to give undue weight to such estimates. Grab has not independently verified such third-party information, and makes no representation as to the accuracy of such third-party information. Disclaimer
Page 3
Forward-Looking Statements This document and the announced investor webcast contain “forward-looking statementsˮ within the meaning of the “safe harborˮ provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this document and the webcast, including but not limited to, statements about Grabʼs goals, targets, projections, outlooks, beliefs, expectations, strategy, plans, objectives of management for future operations of Grab, and growth opportunities, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “anticipate,ˮ “expect,ˮ “suggest,ˮ “plan,ˮ “believe,ˮ “intend,ˮ “estimate,ˮ “target,ˮ “project,ˮ “should,ˮ “could,ˮ “would,ˮ “may,ˮ “will,ˮ “forecast,ˮ, “annualizedˮ, “annualized run-rateˮ,, “on trackˮ or other similar expressions. Forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of Grab, which involve inherent risks and uncertainties, and therefore should not be relied upon as being necessarily indicative of future results. A number of factors, including macro-economic, industry, business, regulatory and other risks, could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to: Grabʼs ability to grow at the desired rate or scale and its ability to manage its growth; its ability to further develop its business, including new products and services; its ability to attract and retain partners and consumers; its ability to compete effectively in the intensely competitive and constantly changing market; its ability to continue to raise sufficient capital; its ability to reduce net losses and the use of partner and consumer incentives, and to achieve profitability; potential impact of the complex legal and regulatory environment on its business; its ability to protect and maintain its brand and reputation; general economic conditions, in particular as a result of currency exchange fluctuations and inflation; expected growth of markets in which Grab operates or may operate; and its ability to defend any legal or governmental proceedings instituted against it. In addition to the foregoing factors, you should also carefully consider the other risks and uncertainties described under “Item 3. Key Information – D. Risk Factorsˮ and in other sections of Grabʼs annual report on Form 20F for the year ended December 31, 2025, as well as in other documents filed by Grab from time to time with the U.S. Securities and Exchange Commission (the “SECˮ). Forward-looking statements speak only as of the date they are made. Grab does not undertake any obligation to update any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required under applicable law. Unaudited Financial Information Grabʼs unaudited selected financial data for the six months ended June 30, 2026 and 2025 included in this document and the investor webcast is based on financial data derived from Grabʼs management accounts that have not been reviewed or audited. Certain amounts and percentages that appear in this document may not sum due to rounding. Disclaimer
Page 4
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 4 Financial and Operational Highlights1 Financial Results2 Outlook3 Non-IFRS Reconciliation4 Appendix5
Page 5
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 5 Financial and Operational Highlights
Page 6
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 Q2 2026 Financial Highlights Revenue +22% YoY 21% YoY Constant Currency1 On-Demand Gross Merchandise Value2,3 +21% YoY 22% YoY Constant Currency1 Adjusted EBITDA4 $168M 54% YoY Adjusted Free Cash Flow4 $73M $450M on Trailing-12 Month Basis Note: 1. We calculate constant currency by translating our current period financial results using the corresponding prior periodʼs monthly exchange rates for our transacted currencies other than the U.S. dollar 2. For the definition of On-Demand Gross Merchandise Value, see the section titled “Definitions of Operating Metricsˮ in the Appendix on Page 26 3. Defined as the sum of Mobility and Deliveries GMV 4. These are non-IFRS financial measures. For a reconciliation to the most directly comparable IFRS measure, see the section titled "Non-IFRS Reconciliation.ˮ For the definition of these non-IFRS measures, see the section titled “Definitions of Non-IFRS Measuresˮ in the Appendix on Page 27.
Page 7
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 2026 Fuel crisisMonthly Active Drivers and On-Demand Driver Incentives Jan 25 Feb 25 Mar 25 Apr 25 May 25 Jun 25 Jul 25 Aug 25 Sep 25 Oct 25 Nov 25 Dec 25 Jan 26 Feb 26 Mar 26 Apr 26 May 26 Jun 26 ▉ Monthly Active Drivers MAD ▉ Driver incentives per MAD Note: 1. Defined as the total number of unique driver-partners who completed at least one transport or delivery trip on the Grab platform within a calendar month Monthly Active Drivers (“MADˮ)1 grew 19% YoY to scale to an all-time high On-Demand Driver Incentives per MAD increased 12% YoY amid elevated fuel costs, and declined 3% QoQ Accelerating EV transition to reduce driver-partner exposure to fuel volatility long-term, with total 4W EV MAD and trips increasing 25% and 29% QoQ respectively Investing in marketplace health improvements amid elevated fuel prices regionally
Page 8
Deliveries growth acceleration driven by improving GrabMart user frequency and adoption Note: Figures as of Q2 2026. 1. Includes contributions from offline supermarkets in Malaysia. 54% YoY growth of GrabMart transactions 52% YoY growth of GrabMart online SKUs sold 42% YoY growth of average GrabMart MTUs 1.7x Higher YoY GMV growth of GrabMart1 vs GrabFood
Page 9
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 On a YoY basis, Gross Loan Portfolio tripled to $2.3B while NPL ratios were stable across our portfolios Total loans disbursed accelerated to 72% YoY, reaching an annualized run-rate of $5.0B in Q2 2026 Gross Loan Portfolio1 In $ Millions) Loan growth accelerated while we continue to remain prudent on credit risk Note: 1. For the definition of operating metrics used, see the section titled “Definitions of Operating Metricsˮ in the Appendix on Page 26 2. Excluding Superbank, Gross Loan Portfolio grew 100% YoY to $1.6B. Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 ▉ GrabFin, GxS Bank and GX Bank ▉ Superbank +197%2 YoY
Page 10
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 20262016 Stashʼs Assets Under Management In US$ Billions) Superbank Gross Loan Portfolio1 In US$ Millions, 90 DPD NPL % Q1 26 Q1 24 Q2 24 Q3 24 Q4 24 Q2 25 Q1 25 Q3 25 Q4 25 Q2 26 5.5 758 Stash and Superbank continue to scale and drive growth, reinforcing our Financial Services trajectory ▉ Gross Loan Portfolio $M ▉ 90 DPD NPL % 20252017 2018 2019 20222020 2023 2024 Note: 1. For the definition of operating metrics used, see the section titled “Definitions of Operating Metricsˮ in the Appendix on Page 26
Page 11
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 11 Financial Results
Page 12
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 Q2 2026 Unaudited Results Consolidated Group In US$ Millions, unless otherwise stated Q2 2026 Q2 2025 Yo Y% Change Yo Y% Change Constant Currency1) Operating Metrics On-Demand GMV2,3 6,463 5,354 21% 22% On-Demand GMV per MTU $ 131 127 3% 4% Group MTU2 (millions of users) 53.9 46.2 17% - Partner incentives2 317 239 32% - Consumer incentives2 389 307 27% - Gross loan portfolio2 2,318 781 197% - Financial Measures Revenue 997 819 22% 21% Operating Profit 19 7 186% - Profit for the Period 235 20 NM - Total Segment Adjusted EBITDA (non-IFRS4 272 201 35% - Adjusted EBITDA (non-IFRS4 168 109 54% - Net cash from operating activities Operating Cash Flow) 56 64 12% - Adjusted Free Cash Flow (non-IFRS4 73 112 35% - Note: 1. We calculate constant currency by translating our current period financial results using the corresponding prior periodʼs monthly exchange rates for our transacted currencies other than the U.S. dollar 2. For the definition of operating metrics used, see the section titled “Definitions of Operating Metricsˮ in the Appendix on Page 26 3. Defined as the sum of Mobility and Deliveries GMV 4. These are non-IFRS financial measures. For a reconciliation to the most directly comparable IFRS measure, see the section titled "Non-IFRS Reconciliation.ˮ For the definition of these non-IFRS measures, see the section titled “Definitions of Non-IFRS Measuresˮ in the Appendix on Page 27
Page 13
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 Note: 1. Gross cash liquidity includes cash on hand, short-term and long-term deposits, marketable securities and restricted cash. For the definition of these non-IFRS measures, see the section titled “Definitions of Non-IFRS Measuresˮ in the Appendix on Page 27 Q2 2026 Unaudited Results Net Cash Liquidity In US$ Millions, unless otherwise stated As of Jun 30, 2026 As of Mar 31, 2026 As of Dec 31, 2025 As of Jun 30, 2025 Cash and cash equivalents 2,859 2,948 3,433 3,880 Add: Other long-term investments 204 139 168 139 Add: Time deposits 1,011 1,443 1,494 1,662 Add: Cash investments 3,323 2,404 2,324 1,921 Gross cash liquidity1 7 ,397 6,934 7 ,419 7 ,602 Less: Loans and borrowings 2,033 1,948 2,053 1,913 Net cash liquidity 5,364 4,986 5,366 5,689
Page 14
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 Note: 1. For the definition of Gross Merchandise Value GMV, see the section titled “Definitions of Operating Metricsˮ in the Appendix on Page 26 2. Adjusted EBITDA is a non-IFRS measure. For the definition of Adjusted EBITDA, see the section titled “Definitions of Non-IFRS Measuresˮ in the Appendix on Page 27 3. CC stands for Constant Currency. We calculate constant currency by translating our current period financial results using the corresponding prior periodʼs monthly exchange rates for our transacted currencies other than the U.S. dollar. Q2 2026 Unaudited Results Group Financials Revenue On-Demand GMV1 Adjusted EBITDA2 Q2 2025 Q2 2026 819 997 22% YoY 21% YoY CC3 Q2 2025 Q2 2026 6,463 21% YoY 22% YoY CC 5,354 109 Q2 2025 Q2 2026 168 54% YoY In US$ Millions) In US$ Millions) In US$ Millions) 16.9%13.3%% Revenue
Page 15
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 Q2 2026 Unaudited Results Deliveries Revenue Gross Merchandise Value1 Segment Adjusted EBITDA2 Q2 2025 Q2 2026 439 531 21% YoY 19% YoY CC3 Q2 2025 Q2 2026 4,249 22% YoY 24% YoY CC 3,471 63 Q2 2025 Q2 2026 96 53% YoY In US$ Millions) In US$ Millions) In US$ Millions) 2.3%1.8%% GMV1 Note: 1. For the definition of Gross Merchandise Value GMV, see the section titled “Definitions of Operating Metricsˮ in the Appendix on Page 26 2. Adjusted EBITDA is a non-IFRS measure. For the definition of Adjusted EBITDA, see the section titled “Definitions of Non-IFRS Measuresˮ in the Appendix on Page 27 3. CC stands for Constant Currency. We calculate constant currency by translating our current period financial results using the corresponding prior periodʼs monthly exchange rates for our transacted currencies other than the U.S. dollar.
Page 16
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 Q2 2026 Unaudited Results Mobility Revenue Gross Merchandise Value1 Segment Adjusted EBITDA2 Q2 2025 Q2 2026 295 331 12% YoY 12% YoY CC3 Q2 2025 Q2 2026 2,214 18% YoY 18% YoY CC 1,883 164 Q2 2025 Q2 2026 191 16% YoY In US$ Millions) In US$ Millions) In US$ Millions) % GMV1 8.6%8.7% Note: 1. For the definition of Gross Merchandise Value GMV, see the section titled “Definitions of Operating Metricsˮ in the Appendix on Page 26 2. Adjusted EBITDA is a non-IFRS measure. For the definition of Adjusted EBITDA, see the section titled “Definitions of Non-IFRS Measuresˮ in the Appendix on Page 27 3. CC stands for Constant Currency. We calculate constant currency by translating our current period financial results using the corresponding prior periodʼs monthly exchange rates for our transacted currencies other than the U.S. dollar.
Page 17
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 Q2 2026 Unaudited Results Financial Services Revenue Gross Loan Portfolio Segment Adjusted EBITDA3 Q2 2025 Q2 2026 84 134 59% YoY 62% YoY CC4 Q2 2025 Q2 2026 2,318 197% YoY2 781 (26) Q2 2025 Q2 2026 (15) 41% YoY In US$ Millions) In US$ Millions) In US$ Millions) 11.2%30.3%% Revenue Note: 1. For the definition of Gross Merchandise Value GMV, see the section titled “Definitions of Operating Metricsˮ in the Appendix on Page 26 2. Excluding contributions from Superbank, Gross Loan Portfolio grew 100% YoY in Q2 2026 3. Adjusted EBITDA is a non-IFRS measure. For the definition of Adjusted EBITDA, see the section titled “Definitions of Non-IFRS Measuresˮ in the Appendix on Page 27 4. CC stands for Constant Currency. We calculate constant currency by translating our current period financial results using the corresponding prior periodʼs monthly exchange rates for our transacted currencies other than the U.S. dollar.
Page 18
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 Note: 1. For the definition of operating metrics used, see the section titled “Definitions of Operating Metricsˮ in the Appendix on Page 26 2. Calculated as a percentage of segment GMV (for Deliveries, Mobility and On-Demand) Q2 2026 Unaudited Results Incentives Q2 2026 Q2 2025 Partner Incentives1 Consumer Incentives1 Total Incentives Partner Incentives1 Consumer Incentives1 Total Incentives $ In millions Deliveries 189.6 317.2 506.8 150.1 244.7 394.8 Mobility 126.9 67.8 194.7 89.2 58.5 147 .7 Financial Services 0.4 4.2 4.7 0.2 4.0 4.2 Total 316.9 389.2 706.2 239.5 307 .2 546.7 As a % of GMV1,2 Deliveries 4.5% 7.5% 11.9% 4.3% 7.1% 11.3% Mobility 5.7% 3.1% 8.8% 4.7% 3.1% 7 .8% Total On-Demand 4.9% 6.0% 10.9% 4.5% 5.7% 10.1%
Page 19
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 19 Outlook
Page 20
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 Note: 1. Adjusted EBITDA is a non-IFRS measure. For the definition of Adjusted EBITDA, see the section titled “Definitions of Non-IFRS Measuresˮ in the Appendix on Page 27 Outlook Outlook for 2026 2026 Revenue $4.10B $4.15B 22% 23% YoY Previous: $4.04B $4.10B 20% 22% YoY 2026 Adjusted EBITDA1 $720M $740M 44% 48% YoY Previous: $700M $720M 40% 44% YoY
Page 21
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 21 Non-IFRS Reconciliation
Page 22
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 $ in millions, unless otherwise stated Three months ended June 30, Six months ended June 30, 20261 20251 20261 20251 Profit for the period 235 20 355 30 Income tax (credit)/expense 43 23 40 37 Share of profit of equity-accounted investees (net of tax) 2 * 2 2 Net finance income (including foreign exchange (gain)/loss) 171 36 272 79 Operating profit/(loss) 19 7 41 14 Net other income 2 8 1 10 Depreciation and amortization 56 41 109 81 Share-based compensation expenses 62 60 140 141 Costs related to mergers and acquisitions 5 5 7 6 Day-1 expected credit loss on an acquired loan portfolio 15 - 15 - Impairment losses on goodwill and non-financial assets - * - * Restructuring costs 2 1 6 3 Legal, tax and regulatory settlement provisions 11 3 6 8 Adjusted EBITDA 168 109 323 215 Note: 1. Q2 2026, H1 2026, Q2 2025 and H1 2025 numbers are based on unaudited numbers Adjusted EBITDA to IFRS Profit for the Period Reconciliation
Page 23
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 $ in millions, unless otherwise stated Three months ended June 30, Six months ended June 30, 20261 20251 20261 20251 Total Segment Adjusted EBITDA 272 201 540 393 Deliveries 96 63 184 126 Mobility 191 164 389 323 Financial Services 15 26 32 56 Others * (*) 1 * Regional Corporate Costs 104 92 217 178 Adjusted EBITDA 168 109 323 215 * Amount less than $1 million 1. Q2 2026, H1 2026, Q2 225 and H1 2025 are based on unaudited numbers. Adjusted EBITDA to Total Segment Adjusted EBITDA Reconciliation
Page 24
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 $ in millions, unless otherwise stated Three months ended June 30, Six months ended June 30, 20261 20251 20261 20251 Net cash from/(used in) operating activities 56 64 3 136 Less: Capital expenditures 49 25 82 60 Add: Proceeds from disposal of property, plant and equipment 4 1 7 5 Changes in Add: Loan receivables in the Financial Services segment 177 108 369 158 Less: Deposits from customers in the banking business 20 36 25 229 Less: Net changes in treasury liquidity positions in the Financial Services segment 95 - 95 - Adjusted Free Cash Flow2 73 112 171 10 1. Q2 2026, H1 2026, Q2 2025, and H1 2025 numbers are based on unaudited numbers 2. Adjusted Free Cash Flow is a non-IFRS measure. For the definition of these non-IFRS measures, see the section titled “Definitions of Non-IFRS Measuresˮ in the Appendix on Page 27 Adjusted Free Cash Flow to Net Cash from Operating Activities Reconciliation
Page 25
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 25 Appendix
Page 26
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 Definition of Operating Metrics Gross Merchandise Value GMV) is an operating metric representing the sum of the total dollar value of transactions from Grabʼs products and services, including any applicable taxes, tips, tolls, surcharges and fees, over the period of measurement. GMV includes (i) sales made through offline stores reported under the deliveries segment; and (ii) revenues made from products and services provided to driver-partners, merchant-partners and other customers to support their businesses, such as GrabAds and GrabRentals, reported under the deliveries and/or mobility segment, as applicable. Mobility GMV is an operating metric representing the GMV of our Mobility segment. Deliveries GMV is an operating metric representing the GMV of our Deliveries segment. On-Demand GMV is an operating metric defined as the sum of Mobility GMV and Deliveries GMV. GMV is a metric by which Grab understands, evaluates and manages its business, and Grabʼs management believes is necessary for investors to understand and evaluate its business. GMV provides useful information to investors as it represents the amount of customer spend that is being directed through Grabʼs platform. This metric enables Grab and investors to understand, evaluate and compare the total amount of customer spending that is being directed through its platform over a period of time. Grab presents GMV as a metric to understand and compare, and to enable investors to understand and compare, Grabʼs aggregate operating results, which captures significant trends in its business over time. Monthly Transacting User MTUs is defined as the monthly number of unique users who transact via Grabʼs apps, where transact means to have successfully paid for or utilized any of Grabʼs products or services (including lending and offline Jaya Grocer transactions where users record their Jaya Grocer loyalty points on the Grab app). MTUs over a quarterly or annual period are calculated based on the average of the MTUs for each month in the relevant period. MTUs is a metric by which Grab understands, evaluates and manages its business, and Grabʼs management believes is necessary for investors to understand and evaluate its business. Partner incentives is an operating metric representing the dollar value of incentives granted to driver- and merchant-partners, the effect of which is to reduce revenue. For certain delivery offerings where Grab is contractually responsible for delivery services provided to end-users, incentives granted to driver-partners are recognized in cost of revenue. Consumer incentives is an operating metric representing the dollar value of discounts and promotions offered to consumers, the effect of which is to reduce revenue. Partner incentives and consumer incentives are metrics by which we understand, evaluate and manage our business, and we believe are necessary for investors to understand and evaluate our business. We believe these metrics capture significant trends in our business over time. Gross loan portfolio is an operating metric representing the total of current and non-current loan receivables in the financial services segment, gross of expected credit loss allowances as of a given date. Gross loan portfolio reflects the total credit extended to borrowers before deducting loss allowances, providing a measure of lending scale and volume growth that is more directly comparable with Grabʼs peers. Our management uses gross loan portfolio to assess origination momentum and portfolio mix, as it is not influenced by period-to-period movements in provisioning levels. Appendix
Page 27
190 250 199 0 177 79 0 104 80 190 250 199 0 177 79 0 104 80 Definition of Non-IFRS Financial Measures Adjusted EBITDA is calculated as profit (loss) for the period 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) net 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, and (x) other items not indicative of our ongoing operating performance. Grabʼs management believes that this change enhances the comparison of Grab with certain of its peers. Adjusted EBITDA for all periods presented in this earnings release reflect this new definition of Adjusted EBITDA. Segment Adjusted EBITDA represents the Adjusted EBITDA of each of our four business segments, excluding, in each case, regional corporate costs. Total Segment Adjusted EBITDA represents the sum of Adjusted EBITDA of our four business segments. Segment Adjusted EBITDA margin is calculated as Segment Adjusted EBITDA divided by Gross Merchandise Value. For Financial Services and Others, Segment Adjusted EBITDA margin is calculated as Segment Adjusted EBITDA divided by Revenue. Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by Revenue. Adjusted Free Cash Flow is defined as net cash flows from operating activities less capital expenditures (including assets acquired under lease arrangements), plus proceeds from disposal of property, plant and equipment, and excluding changes in working capital related to loans and advances to customers, and deposits from the digital banking business. Starting with the second quarter 2026, Adjusted Free Cash Flow excludes net changes in treasury liquidity positions in the Financial Services segment. Cash liquidity includes cash on hand, short- and long-term time deposits, marketable securities and restricted cash. Net cash liquidity includes cash liquidity less loans and borrowings. Appendix