Grab Holdings Ltd cash flow statement

In fiscal 2025, Grab Holdings Ltd's operations generated $79.0m of cash; it spent $97.0m on capital projects, leaving free cash flow of −$18.0m. It returned $274m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Grab Holdings Ltd: cash flow statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	−2,112	−643	−954	−798	86	852	79
Depreciation and amortisation	647	387	345	150	145	147	177
Stock-based pay	34	54	357	412	304	279	241
Capital spending	—	—	—	58	71	77	97
Free cash flow	—	—	—	−856	15	775	−18
Free cash flow after stock pay	—	—	—	−1,268	−289	496	−259
Share buybacks	—	—	—	0	0	226	274

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Grab Holdings Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Grab Holdings Ltd.