SINGAPORE: Southeast Asia’s largest ride-hailing and delivery company Grab yesterday raised its revenue and earnings forecasts for 2026, driven by steady growth in its ride-hailing business and stronger demand for delivery services.

The Singapore-based company now expects annual revenue of between US$4.15 billion (RM17 billion) and US$4.2 billion, up from its previous forecast of US$4.1 billion to US$4.15 billion.

Grab also raised its annual adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) forecast to between US$790 million and US$800 million, compared with its earlier projection of US$720 million to US$740 million.

Grab chief financial officer Peter Oey told Reuters that elevated fuel costs continued to put pressure on drivers, while inflation was also weighing on consumer spending.