Grab Holdings Ltd 6-K, filed Feb 22, 2024

Grab Holdings Ltd (GRAB)

6-K 2024-02-22 For: 2024-02-22

Added on July 04, 2026

About this 6-K

Grab Holdings Ltd filed this 6-K on February 22, 2024.


Exhibit	Description of Exhibit
99.1	Grab Reports Fourth Quarter and Full Year 2023 Results and Announces Inaugural Share Repurchase Program of Up to $500 Million


	GRAB HOLDINGS LIMITED
	By:	/s/ Peter Oey____
Date: February 22, 2024		Name: Peter Oey
		Title: Chief Financial Officer


($ in millions, unless otherwise stated)	Q4 2023	Q4 2022	YoY % Change	YoY % Change (Constant Currency4)
	(unaudited)	(unaudited)
Operating metrics:
GMV	5,441	4,997	9%	8%
On-Demand GMV3	4,122	3,499	18%	17%
MTUs (millions of users)	37.7	33.6	12%
GMV per MTU ($)	144	149	-3%	-3%
Partner incentives	172	174	-1%
Consumer incentives	225	238	-5%

Financial measures:
Revenue	653	502	30%	30%
Profit/(Loss) for the period	11	(391)	NM
Total Segment Adjusted EBITDA	228	112	104%
Adjusted EBITDA	35	(111)	NM
Net cash used in operating activities	(26)	(23)	-9%
Adjusted Free Cash Flow	1	(32)	NM


($ in millions, unless otherwise stated)	FY 2023	FY 2022	YoY % Change	YoY % Change (Constant Currency)
	(unaudited)	(unaudited)
Operating metrics:
GMV	20,983	19,937	5%	7%
On-Demand GMV3	15,592	13,930	12%	14%
MTUs (millions of users)	35.5	32.7	8%
GMV per MTU ($)	592	610	-3%	-1%
Partner incentives	682	801	-15%
Consumer incentives	907	1,169	-22%

Financial measures:
Revenue8	2,359	1,433	65%	67%
Loss for the year	(485)	(1,740)	72%
Total Segment Adjusted EBITDA	771	65	NM
Adjusted EBITDA	(22)	(793)	97%
Net cash from/(used in) operating activities	86	(798)	NM
Adjusted Free Cash Flow	(234)	(825)	72%


	Three months ended December 31,		For the year ended December 31,
	2023	2022	2023	2022
($ in millions, unless otherwise stated)	$	$	$	$
Profit/(Loss) for the period	11	(391)	(485)	(1,740)

Net interest (income)/expenses	(35)	5	(98)	57
Net other income	(25)	(6)	(8)	(7)
Income tax (credit)/expenses	(4)	*	19	6
Depreciation and amortization	37	40	145	150
Share-based compensation expenses	66	90	304	412
Unrealized foreign exchange loss/(gain)	11	12	(2)	2
Impairment losses on goodwill and non-financial assets	*	3	*	5
Fair value changes on investments	(30)	119	38	294
Restructuring costs	3	4	56	8
Legal, tax and regulatory settlement provisions	1	13	9	20
Adjusted EBITDA	35	(111)	(22)	(793)
Regional corporate costs	193	223	793	858
Total Segment Adjusted EBITDA	228	112	771	65

Segment Adjusted EBITDA
Deliveries	96	47	313	(35)
Mobility	182	152	676	494
Financial services	(81)	(93)	(294)	(415)
Enterprise and new initiatives	31	6	76	21
Total Segment Adjusted EBITDA	228	112	771	65



Profit/(Loss) attributable to:
Owners of the Company	35	(386)	(434)	(1,683)
Non-controlling interests	(24)	(5)	(51)	(57)
Profit/(Loss) for the period	11	(391)	(485)	(1,740)

Total comprehensive income/(loss) attributable to:
Owners of the Company	77	(327)	(448)	(1,729)
Non-controlling interests	(14)	*	(52)	(54)
Total comprehensive income/(loss) for the period	63	(327)	(500)	(1,783)

Earnings/(Loss) per share:
Basic	$ 0.01	$ (0.10)	$ (0.11)	$ (0.44)
Diluted	$ 0.01	$ (0.10)	$ (0.11)	$ (0.44)

Weighted-average ordinary shares outstanding:
Basic	3,916,321	3,837,981	3,894,724	3,814,492
Diluted	3,916,321	3,837,981	3,894,724	3,814,492


	December 31, 2023	December 31, 2022
($ in millions, unless otherwise stated)	$	$
Non-current assets
Property, plant, and equipment	512	492
Intangible assets and goodwill	916	904
Associates and joint venture	102	107
Deferred tax assets	56	20
Other investments	1,188	1,742
Loan receivables in the Financial Services segment	54	-
Prepayments and other assets	196	217
	3,024	3,482
Current assets
Inventories	49	48
Trade and other receivables	196	187
Loan receivables in the financial services segment	272	185
Prepayments and other assets	208	182
Other investments	1,905	3,134
Cash and cash equivalents	3,138	1,952
	5,768	5,688
Total assets	8,792	9,170
Equity
Share capital and share premium	22,669	22,278
Reserves	544	602
Accumulated losses	(16,764)	(16,277)
Equity attributable to owners of the Company	6,449	6,603
Non-controlling interests	19	54
Total equity	6,468	6,657

Non-current liabilities
Loans and borrowings	668	1,248
Provisions	18	18
Other liabilities	140	132
Deferred tax liabilities	20	18


	846	1,416
Current liabilities
Loans and borrowings	125	117
Provisions	39	38
Trade and other payables	925	930
Deposits from customers in the banking business	374	3
Current tax liabilities	15	9
	1,478	1,097
Total liabilities	2,324	2,513
Total equity and liabilities	8,792	9,170


Purchase of intangible assets	-	(8)	(21)	(16)
Proceeds from disposal of property, plant and equipment	2	5	28	12
Acquisition of additional interests in associate	-	-	-	(109)
Proceeds from disposal of associate	-	3	-	3
Acquisition of subsidiaries with non-controlling interests, net of cash acquired, and loan receivables	-	(98)	-	(266)
Net proceeds from/(acquisition of) other investments	119	438	1,752	(683)
Interest received	52	23	183	55
Net cash from/(used in) investing activities	145	339	1,871	(1,062)

Cash flows from financing activities
Proceeds from share-based payment arrangements	1	8	16	8
Payment of listing expenses	-	-	-	(39)
Proceeds from bank loans	28	21	116	109
Repayment of bank loans	(46)	(813)	(765)	(1,019)
Payment of lease liabilities	(9)	(12)	(39)	(35)
Acquisition of non-controlling interests without change in control	-	(15)	(27)	(15)
Proceeds from subscription of shares in subsidiaries by non-controlling interests without change in control	-	3	10	32
Deposits pledged	(4)	*	(1)	(3)
Interest paid	(16)	(40)	(80)	(160)
Net cash used in financing activities	(46)	(848)	(770)	(1,122)

Net increase/(decrease) in cash and cash equivalents	73	(532)	1,187	(2,982)
Cash and cash equivalents at beginning of the period	3,018	2,447	1,952	4,991
Effect of exchange rate fluctuations on cash held	47	37	(1)	(57)
Cash and cash equivalents at end of the period	3,138	1,952	3,138	1,952