Grab has raised its financial guidance following a strong performance in its ride-hailing segment that lifted its profit in the second quarter of 2026. The company's chief financial officer (CFO) stated that the fintech business is expected to turn profitable in the second half of 2026, signaling positive momentum across its service offerings in Asia.

The ride-hailing demand surge was evident in cities like Bangkok, where Grab drivers were observed waiting outside restaurants to pick up food orders as of May 13, illustrating the company's expanding footprint in food delivery alongside transportation services.

This development highlights Grab's growing influence in Southeast Asia's digital economy, with operations spanning multiple countries including Korea and East Timor.

Sources