GRAB News & Events

Mixed options sentiment in Grab Holdings Ltd (GRAB), with shares up 12c, or 3.03%, near $4.25. Options volume relatively light with 26k contracts traded and calls leading puts for a put/call ratio of 0.15, compared to a typical level near 0.29. Implied volatility (IV30) dropped 0.23 near 47.35,and above the 52wk median, suggesting an expected daily move of $0.13. Put-call skew steepened, indicating increased demand for downside protection.

Grab Holdings in its earnings release said its board authorized a share repurchase program, under which the company may repurchase up to $500M worth of its shares. Peter Oey, CFO of Grab, added, "We delivered another record full year Adjusted Free Cash Flow through disciplined cost management and strengthened unit economics, solidifying our liquidity position and validating our long-term strategy. This strong foundation underpins our confidence in our long-term financial outlook, where we expect to generate $1.5 billion in Adjusted EBITDA with an Adjusted Free Cash Flow conversion of 80% by 2028. This provides us with greater flexibility to accelerate our platform ambitions while delivering shareholder value. To that end, we are announcing a newly authorized $500 million Share Repurchase Program."

Grab Holdings CFO Peter Oey told the Wall Street Journal in an interview that the company is hoping to begin its newly announced $500M share buyback soon. "We would definitely like to see things happening this year," Oey said. "Doing a share buyback for us is probably the right approach right now, and it also gives us the flexibility for us to make those purchases," depending on the stock price moves, and it helps reduce the share count which is important for shareholders," the CFO added.

Sees 2028 adjusted EBITDA $1.5B. Sees 2028 adjusted free cash flow conversion 80%.