Malaysia remained Grab‘s biggest revenue source in the first half of 2026, generating $622 million as the Singapore-based superapp’s total revenue climbed 23 percent year-over-year to $1.95 billion.
In the interim report for H1/2026 released on Friday, Grab showed that its revenue grew across all eight of its Southeast Asian markets for H1/2026, up from $1.59 billion a year earlier. Net income for the period was $355 million, up from $30 million a year earlier. The increase included a one-time gain of approximately $307 million recognized on the consolidation of Superbank.
Malaysia’s $622 million accounted for 31.8 percent of the group total and was up from $478 million in the H1/2025, or a 30.1% increase. Grab also operates the Jaya Grocer and Everrise supermarket chains and its digital bank GXBank in the country.
Singapore was the second-largest market at $420 million in H1/2026, up from $345 million in H1/2025; followed by Indonesia at $415 million, up from $338 million. Grab took control of Indonesian digital bank Superbank in May 2026.
Revenue in Thailand rose to $170 million from $138 million, the Philippines increased to $164 million from $152 million, and Vietnam grew to $140 million from $125 million.
The company’s remaining Southeast Asian operations, grouped as “Rest of Southeast Asia,” contributed $22 million, up from $16 million.
Grab serves more than 900 cities across Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
Besides, Grab reported an $8 million increase in software subscription costs during the half, which it attributed to its continued adoption of more AI-powered platforms and tools to support engineering and productivity.
Recently, Grab raised its full-year 2026 guidance. The company now expects revenue of $4.10 billion to $4.15 billion, implying growth of 22% to 23%, up from a previous range of $4.04 billion to $4.10 billion.
It also raised its adjusted EBITDA outlook to between $720 million and $740 million, from a previous range of $700 million to $720 million. Grab attributed the upgrade to its underlying business, the consolidation of Superbank and its acquisition of U.S. fintech Stash, which closed in July.
Singapore’s superapp Grab posts $1.95B revenue, $355M profit in H1/2026, bets on AI for growth