GRAB RAISES FORECAST ON STRONG RIDE, DELIVERY DEMAND

The Southeast Asian mobility giant's improved outlook reflects sustained user demand for both ride-sharing and food delivery services across its operating markets. Higher fuel prices, driven by regional conflicts, have pressured operational costs for ride-hailing platforms, yet Grab's forecast boost suggests revenue growth is outpacing these headwinds. The company's expanded guidance signals confidence in its core markets' economic resilience. Ride-hailing and delivery services remain essential infrastructure in Southeast Asia's urban centers, where alternatives remain limited. Grab continues navigating a competitive landscape against local and regional rivals while managing commodity price volatility. The forecast raises align with the company's broader strategy of expanding service offerings and market penetration across Southeast Asia.