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Grab has set a US$1.5 billion EBITDA target for 2028, placing AI at the centre of its next growth phase, Reuters reported following an interview with President and COO Alex Hungate in Singapore.
Hungate said the Nasdaq-listed group aims to grow revenue by more than 20 percent annually over the next three years.
Grab operates in over 900 cities across Southeast Asia.
The company is looking to lift margins by tightening execution across its core app while expanding financial services and online groceries.
Management believes frequent usage across mobility and deliveries supports lower-cost cross-selling into adjacent products.
Grab reported its first full-year net profit in its 2025 results and authorised a US$500 million share buyback programme, as previously reported.
However, its 2026 revenue and adjusted EBITDA guidance fell short of expectations, weighing on its shares.
Analysts at Huatai Securities said increased investment in AI and autonomous vehicle partnerships could pressure profitability.
They also flagged risks including slower user growth and macroeconomic volatility.
Hungate said Grab will prioritise reinvestment in Southeast Asia while remaining open to selective acquisitions.
The company has also agreed to acquire U.S.-based wealth platform Stash as part of its limited steps outside the region.
He added there are no plans for a second listing and no update on speculation regarding a potential merger with Indonesian rival GoTo.
Grab is developing AI-driven tools for drivers and merchants, alongside customer-facing features aimed at improving retention.
While it works with model providers such as OpenAI, the company plans to build its own AI agents tailored to its platform rather than integrate directly with standalone chatbot products.
Featured image: Edited by Fintech News Singapore, based on image by thanyakij-12 via Freepik
