For FY2021, the Nasdaq-listed company posted a loss of US$3.06 billion, 30% higher than the loss of US$2.74 billion in FY2020.
Superapp Grab has reported a loss of US$1.1 billion in 4Q21 ended December, 73% higher than the loss recorded in the previous corresponding quarter at US$635 million.
This included US$311 million non-cash interest expenses related to Grab’s convertible redeemable preference shares that ceased upon Grab’s public listing and US$328 million related to one-time public listing expenses, of which US$290 million is non-cash.
