Grab Holdings Ltd (GRAB) News

Domicile and activities

Grab Holdings Limited (the “Company” or “GHL”) was incorporated in the Cayman Islands on March 12, 2021.

The Group enables access to deliveries, mobility, financial services and other offerings in Southeast Asia through its mobile applications (the “Grab Platform”).

Going Concern

6 Months Ended

Jun. 30, 2024

Going concern

The assets of the Group exceed its liabilities by $6,343 million as at June 30, 2024, and the Group has incurred a net loss after tax of $184 million for the six months ended June 30, 2024.

Basis of Preparation

6 Months Ended

Jun. 30, 2024

Basis of Preparation

Basis of preparation

3.1.

Statement of compliance

3.2.

Functional and presentation currency

3.3.

Use of estimates and judgments

Measurement of fair values

A number of the Group’s accounting policies and disclosures require the measurement of fair values, for both financial and non-financial assets and liabilities.

•

Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.

•

Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

•

Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).

Further information about the assumptions made in measuring fair values is included in the following note:

•

Note 12 – Financial instruments

3.4.

Change in accounting policies and comparative information

i) Change in material accounting policies

•

Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants

•

Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7)

•

Lease Liability in a Sale and Leaseback (Amendments to IFRS 16)

ii) Change in comparative information

For the purpose of comparability, the following changes in presentation from prior years have been reflected in relevant comparative information as follows:

•

Cash and Cash Equivalents

6 Months Ended

Jun. 30, 2024

Cash and cash equivalents


	June 30, 2024	December 31, 2023
(in $ millions)	$	$
Short-term deposits	457	650
Cash at banks and on hand	1,990	2,488
Cash and cash equivalents in the statement of financial position	2,447	3,138

Short-term deposits classification as cash equivalents or other investments

ii)

Restricted cash

Other Investments

6 Months Ended

Jun. 30, 2024

Other investments


	June 30, 2024	December 31, 2023*
(in $ millions)	$	$
Non-current investments
Time deposits	761	681
Debt investments – at FVTPL	173	247
Debt investments – at FVOCI	87	19
Equity investments – at FVTPL	188	241
	1,209	1,188
Current investments
Time deposits	1,653	1,137
Debt investments – at FVOCI	89	26
Debt investments – at FVTPL	210	361
Debt Investments – at amortized cost	217	381
	2,169	1,905
	3,378	3,093

* For the purpose of comparability, current debt investments - at amortized cost and FVTOCI previously presented within current time deposits have been presented as separate captions.

Time deposits

These financial assets measured at amortized cost predominantly comprise deposits with banks and financial institutions with a maturity of more than three months from the date of placement.

Capital and Reserves

6 Months Ended

Jun. 30, 2024

Capital and reserves

The movement in GHL Ordinary Shares during the six months ended June 30, 2024 is as follows:


(in thousands of shares)	Class A ordinary shares	Class B ordinary shares

In issue at January 1 – in issue	3,813,341	120,403
Issued for acquisition of non-controlling interests	1	—
Issued for restricted share awards	—	4,920
Restricted share units vested	53,050	7,194
Exercise of share options	4,515	—
Issued under equity stock purchase plan	1,961	—
Repurchase of shares	(39,604)	—
Conversion of Class B ordinary shares to Class A ordinary shares	8,908	(8,908)
In issue at June 30	3,842,172	123,609
Restricted ordinary shares issued but not fully vested	—	(4,920)
In issue at June 30 – fully paid	3,842,172	118,689
Authorized	49,500,000	500,000

Loans and Borrowings

6 Months Ended

Jun. 30, 2024

Borrowings [abstract]

Loans and Borrowings

Loans and borrowings


	June 30, 2024	December 31, 2023
(in $ millions)	$	$
Non-current
Bank loans	91	88
Term loan	—	456
Lease liabilities	118	124
	209	668
Current
Bank loans	55	67
Term loan	—	20
Lease liabilities	31	38
	86	125

A significant portion of the bank loans are secured by the Group’s motor vehicles with a carrying amount of $289 million (2023: $294 million).

Terms and debt repayment schedule

Terms and conditions of outstanding loans and borrowings (including lease liabilities) are as follows:


	Currency	Nominal interest rate	Year of maturity	Carrying amount
				$
Bank loans	SGD	1.5% to 2.1%	2024-2029	98
Bank loans	MYR	2.1% to 3.6%	2024-2028	*
Bank loans	MYR	COF** -2.0% to +1.3%	2024-2028	10
Bank loans	IDR	9.5%	2024-2028	7
Bank loans	THB	COF** + 7.0% p.a.	2024-2025	31
Lease liabilities	Multiple	4.1% to 12.5%	2024-2037	149
				295

* Amount less than $1 million

**cost of funds – which are variable rates specific to country and/or financial institutions

Share-based Payment Arrangements

6 Months Ended

Jun. 30, 2024

Share-based Payment Arrangements

Share-based payment arrangements

Description of the share-based payment arrangements

As at June 30, 2024, the Company has in place an equity-settled share-based payment arrangement, the 2021 Equity Incentive Plan (the “2021 Plan”), under which Company may:

issue restricted share units/awards (‘RSUs’); or

grant options to purchase its ordinary shares (‘Share Options’); or

issued restricted ordinary shares

to selected employees, officers, directors and consultants of the Group and non-employee directors of the Company.

Reconciliation of outstanding RSUs

The number of unvested RSUs issued under the 2021 GHL Plan were as follows:


		Number of unvested restricted share units
		’000
As of January 1, 2024		132,432
Granted		93,549
Vested		(60,317)
Canceled and forfeited		(7,493)
As of June 30, 2024		158,171

Reconciliation of outstanding Share Options

The number and weighted-average exercise prices of Share Options under the 2021 Plan were as follows:


	Number of Share Options	Weighted average exercise price per share	Weighted-average remaining contractual life
	’000	$	(in years)
As of January 1, 2024	48,592	2.17	5.74
Exercised	(4,447)	1.81
Canceled and forfeited	(56)	2.28
As of June 30, 2024	44,089	2.21	5.22


	Number of Share Options *	Weighted average exercise price per share
Exercisable	’000	$
As of January 1, 2024	44,047	2.19
As of June 30, 2024	40,747	2.22

Restricted ordinary shares

2021 Equity Stock Purchase Plan

During the six months ended June 30, 2024, 2,198 thousand shares were purchased and subsequently issued in July 2024 at a price of $2.81 per share.

Revenue

6 Months Ended

Jun. 30, 2024

Revenue

Revenue streams


	For six months ended June 30
	2024	2023
(in $ millions)	$	$
Deliveries	707	613
Mobility	493	403
Financial services	115	75
Others	2	1
	1,317	1,092

Mobility revenue includes rental income from motor vehicles of $81 million (2023: $71 million).

ii.

Geographic information


	2024	2023
(in $ millions)	$	$
Singapore	274	216
Malaysia	376	319
Indonesia	313	287
Philippines	121	88
Thailand	119	94
Rest of Southeast Asia	114	88
	1,317	1,092

iii.

Major Customers

Loss Per Share

6 Months Ended

Jun. 30, 2024

Loss Per Share

Loss per share


	For six months ended June 30
	2024	2023
	$	$

Loss for the period	(184)	(397)
Less: Loss attributable to non-controlling interests	27	19
Loss for the period attributable to ordinary shareholders	(157)	(378)
Basic weighted-average ordinary shares outstanding	3,950,064	3,877,027
Basic loss per share attributable to ordinary shareholders	(0.04)	(0.10)
Diluted loss per share attributable to ordinary shareholders	(0.04)	(0.10)

As the Group incurred net losses for the six months ended June 30, 2024 and 2023 basic loss per share was the same as diluted loss per share.


	For six months ended June 30
	2024	2023
Warrants	26,000	26,000
Restricted ordinary shares (Note 6)	4,920	10,817
Share options (Note 8)	44,089	53,496
RSUs (Note 8)	158,171	148,323
Shares committed under ESPP (Note 8)	2,198	2,263
Options to swap the shares in GHL subsidiaries for GHL Class A Ordinary Shares	121,450	121,450
Total	356,828	362,349

Related Parties

6 Months Ended

Jun. 30, 2024

Disclosure of detailed information about financial instruments [abstract]

Related Parties

Related parties

Transactions with key management personnel

With effect from April 1, 2024, Grab expanded its Board of Directors to seven from six members, with two members being newly appointed and one existing member retiring from that date.

There were no significant changes to the compensation scheme during the six months ended June 30, 2024.

ii)

Other related party transactions

The Group did not enter into other significant related party transactions during the six months ended June 30, 2024.

Financial Instruments

6 Months Ended

Jun. 30, 2024

Financial Instruments

Financial instruments

Accounting classification and fair values


		Carrying amount				Fair value
	Note	FVTPL	FVOCI	Amortized cost	Total	Level 1	Level 2	Level 3	Total
		$	$	$	$	$	$	$	$
(in $ millions)
June 30, 2024
Financial assets
Debt investments		383	176	217	776	680	8	88	776
Equity investments		188	—	—	188	68	—	120	188
Time deposits		—	—	2,414	2,414	—	—	—	—
Trade and other receivables		—	—	202	202	—	—	—	—
Loan receivables in the financial services segment		—	—	398	398	—	—	—	—
Other assets		13	—	250	263	—	13	—	13
Cash and cash equivalents	5	—	—	2,447	2,447	—	—	—	—
Total		584	176	5,928	6,688	748	21	208	977
Financial liabilities
Bank loans		—	—	(146)	(146)	—	—	—	—
Lease liabilities		—	—	(149)	(149)	—	—	—	—
Warrant liabilities		(4)	—	—	(4)	(4)	—	—	(4)
Trade payables and other liabilities		(5)	(117)	(740)	(862)	—	—	(122)	(122)
Deposits from customers in the banking business		—	—	(730)	(730)	—	—	—	—
Total		(9)	(117)	(1,765)	(1,891)	(4)	—	(122)	(126)


		Carrying amount				Fair value
	Note	FVTPL	FVOCI	Amortized cost	Total	Level 1	Level 2	Level 3	Total
		$	$	$	$	$	$	$	$
(in $ millions)
December 31, 2023
Financial assets
Debt investments		608	45	381	1,034	883	62	89	1,034
Equity investments		241	—	—	241	109	—	132	241
Time deposits		—	—	1,818	1,818	—	—	—	—
Trade and other receivables		—	—	196	196	—	—	—	—
Loan receivables in the financial services segment		—	—	326	326	—	—	—	—
Other assets		5	—	300	305	—	5	—	5
Cash and cash equivalents	5	—	—	3,138	3,138	—	—	—	—
Total		854	45	6,159	7,058	992	67	221	1,280
Financial liabilities
Term loan		—	—	(476)	(476)	—	—	—	—
Bank loans		—	—	(155)	(155)	—	—	—	—
Lease liabilities		—	—	(162)	(162)	—	—	—	—
Warrant liabilities		(6)	—	—	(6)	(6)	—	—	(6)
Trade payables and other liabilities		(5)	(118)	(764)	(887)	—	—	(123)	(123)
Deposits from customers in the banking business		0	—	(374)	(374)	—	—	—	—
Total		(11)	(118)	(1,931)	(2,060)	(6)	—	(123)	(129)

ii)

Measurement of fair values

Valuation techniques and significant unobservable inputs


	Valuation technique	Significant unobservable inputs	Inter-relationship between significant unobservable inputs
Assets
Debt investments	Broker prices/ Income approach	Risk-adjusted discount rate using Income approach	The estimated fair value would decrease (increase) if the discount rates were higher (lower).
Equity Investments	Market comparison technique	Adjusted market multiple	The estimated fair value would increase (decrease) if the adjusted market multiple were higher (lower).
		Volatility rates	The estimated fair value would either increase or decrease if the volatility rate increases.

Liabilities
Put options issued to non-controlling interests	Income approach	Probability attributed to achieving certain milestones	The estimated fair value of the put liability would increase (decrease) if the probability attributed to achieving certain milestones were higher (lower).

Level 3 fair values

The following table shows a reconciliation from the opening balances to the ending balances for Level 3 fair values:


	Equity and debt investments	Other liabilities	Total
	$	$	$
(in $ millions)
At January 1, 2023	198	(99)	99
Net change in fair value (unrealized)	(17)	(6)	(23)
Net purchases/ (issuances)	31	—	31
At June 30, 2023	212	(105)	107
At January 1, 2024	221	(123)	98
Net change in fair value (unrealized)	(13)	1	(12)
Net purchases/ (issuances)	*	—	*
At June 30, 2024	208	(122)	86

* Amount less than $1 million

Operating Segments

6 Months Ended

Jun. 30, 2024

Operating Segments

13.

Operating segments

Basis for segmentation

The following summary describes the operations of each reportable segment:


Reportable segments		Operations
Deliveries		Connecting driver-partners and merchant-partners with consumers to create a localized logistics platform, facilitating and performing on-demand and scheduled delivery of a wide variety of daily necessities, including ready-to-eat meals and groceries, as well as point-to-point package delivery. It also includes delivery services in certain markets for which the Group is directly responsible; offering of a variety of daily necessities in certain markets through the operation of a chain of stores; and associated advertising contributions.
Mobility		Connecting consumers with rides provided by driver-partners across a wide variety of multi-modal mobility options including private cars, taxis, motorcycles (in certain markets), and shared mobility options such as carpooling. It also includes vehicle rental for driver-partners; and associated advertising contributions.
Financial services		Digital solutions offered by and with business partners to address the financial needs of driver and merchant partners and consumers, including digital payments, lending, receivables factoring, digital banking services in certain markets, insurance distribution, wealth management and associated advertising contributions.
Others		A combination of multiple operating businesses that are not individually material. They include mapping services and anti-fraud offerings.

ii)

Information about reportable segments

Information about each reportable segment and reconciliation to amounts reported in consolidated financial statements is set out below:


	For six months ended June 30
	2024	2023
(in $ millions)	$	$
Segment Adjusted EBITDA
Deliveries	84	(9)
Mobility	267	211
Financial services	(52)	(85)
Others	2	(1)
Total reportable Segment Adjusted EBITDA	301	116
Regional corporate costs	(175)	(200)
Other income/ (expenses)	4	(2)
Depreciation and amortization	(74)	(72)
Share-based compensation expenses	(176)	(168)
Impairment losses on goodwill and non-financial assets	—	*
Restructuring costs	(4)	(51)
Legal, tax and regulatory settlement provisions	(7)	(3)
Operating loss	(131)	(380)
Income tax expenses	(31)	(7)
Net interest income/ (expenses)	65	32
Fair value changes on investments	(25)	(46)
Foreign exchange (loss)/ gain	(58)	7
Share of loss of equity-accounted investees (net of tax)	(4)	(3)
Loss for the year	(184)	(397)

* Amount less than $1 million

•

selected regional corporate costs that support the Mobility, Deliveries and Financial Services segments are now allocated to these respective segments;

•

realized foreign exchange gains/(losses) are excluded from Segment Adjusted EBITDA, as compared to only unrealized foreign exchange gain (loss) in previous financial reporting periods

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2024
Texts Block [Abstract]
Subsequent Events	14. Subsequent events During 2021, the Group entered into a share swap agreement with PT Elang Mahkota Teknologi Tbk (“Emtek”), an entity listed on the Indonesia Stock Exchange, pursuant to which the Group acquired a minority interest in Emtek in exchange for a minority interest in PT Grab Teknologi Indonesia (“GTI”), a subsidiary of the Group. The agreement also provided Emtek with an option to convert its shares in GTI for a fixed number of shares in GHL, and the option was exercised on 1 July 2024. The exercise of the option, an equity instrument, has resulted in a reclassification within equity from non-controlling interest and other reserves to share capital and share premium of $260 million and has no impact on the consolidated statement of profit or loss.

Other Investments (Tables)

6 Months Ended

Jun. 30, 2024

Summary of Other investments


	June 30, 2024	December 31, 2023*
(in $ millions)	$	$
Non-current investments
Time deposits	761	681
Debt investments – at FVTPL	173	247
Debt investments – at FVOCI	87	19
Equity investments – at FVTPL	188	241
	1,209	1,188
Current investments
Time deposits	1,653	1,137
Debt investments – at FVOCI	89	26
Debt investments – at FVTPL	210	361
Debt Investments – at amortized cost	217	381
	2,169	1,905
	3,378	3,093

* For the purpose of comparability, current debt investments - at amortized cost and FVTOCI previously presented within current time deposits have been presented as separate captions.

Cash and Cash Equivalents (Tables)

6 Months Ended

Jun. 30, 2024

Summary of Cash And Cash Equivalents


	June 30, 2024	December 31, 2023
(in $ millions)	$	$
Short-term deposits	457	650
Cash at banks and on hand	1,990	2,488
Cash and cash equivalents in the statement of financial position	2,447	3,138

Capital and Reserves (Tables)

6 Months Ended

Jun. 30, 2024

Summary Of Movements In GHI Shares and GHL Ordinary Shares

The movement in GHL Ordinary Shares during the six months ended June 30, 2024 is as follows:


(in thousands of shares)	Class A ordinary shares	Class B ordinary shares

In issue at January 1 – in issue	3,813,341	120,403
Issued for acquisition of non-controlling interests	1	—
Issued for restricted share awards	—	4,920
Restricted share units vested	53,050	7,194
Exercise of share options	4,515	—
Issued under equity stock purchase plan	1,961	—
Repurchase of shares	(39,604)	—
Conversion of Class B ordinary shares to Class A ordinary shares	8,908	(8,908)
In issue at June 30	3,842,172	123,609
Restricted ordinary shares issued but not fully vested	—	(4,920)
In issue at June 30 – fully paid	3,842,172	118,689
Authorized	49,500,000	500,000

Loans and Borrowings (Tables)

6 Months Ended

Jun. 30, 2024

Borrowings [abstract]

Summary of Loans and Borrowings


	June 30, 2024	December 31, 2023
(in $ millions)	$	$
Non-current
Bank loans	91	88
Term loan	—	456
Lease liabilities	118	124
	209	668
Current
Bank loans	55	67
Term loan	—	20
Lease liabilities	31	38
	86	125

Summary of Terms and Conditions of Outstanding Loans and Borrowings

Terms and conditions of outstanding loans and borrowings (including lease liabilities) are as follows:


	Currency	Nominal interest rate	Year of maturity	Carrying amount
				$
Bank loans	SGD	1.5% to 2.1%	2024-2029	98
Bank loans	MYR	2.1% to 3.6%	2024-2028	*
Bank loans	MYR	COF** -2.0% to +1.3%	2024-2028	10
Bank loans	IDR	9.5%	2024-2028	7
Bank loans	THB	COF** + 7.0% p.a.	2024-2025	31
Lease liabilities	Multiple	4.1% to 12.5%	2024-2037	149
				295

* Amount less than $1 million

**cost of funds – which are variable rates specific to country and/or financial institutions

Share-based Payment Arrangements (Tables)

6 Months Ended

Jun. 30, 2024

Summary of Reconciliation of Outstanding RSUs

The number of unvested RSUs issued under the 2021 GHL Plan were as follows:


		Number of unvested restricted share units
		’000
As of January 1, 2024		132,432
Granted		93,549
Vested		(60,317)
Canceled and forfeited		(7,493)
As of June 30, 2024		158,171

Summary of Reconciliation of Outstanding Share Options

The number and weighted-average exercise prices of Share Options under the 2021 Plan were as follows:


	Number of Share Options	Weighted average exercise price per share	Weighted-average remaining contractual life
	’000	$	(in years)
As of January 1, 2024	48,592	2.17	5.74
Exercised	(4,447)	1.81
Canceled and forfeited	(56)	2.28
As of June 30, 2024	44,089	2.21	5.22


	Number of Share Options *	Weighted average exercise price per share
Exercisable	’000	$
As of January 1, 2024	44,047	2.19
As of June 30, 2024	40,747	2.22

Revenue (Tables)

6 Months Ended

Jun. 30, 2024

Summary of Revenue from Contracts with Customers

Revenue streams


	For six months ended June 30
	2024	2023
(in $ millions)	$	$
Deliveries	707	613
Mobility	493	403
Financial services	115	75
Others	2	1
	1,317	1,092

Mobility revenue includes rental income from motor vehicles of $81 million (2023: $71 million).

ii.

Geographic information


	2024	2023
(in $ millions)	$	$
Singapore	274	216
Malaysia	376	319
Indonesia	313	287
Philippines	121	88
Thailand	119	94
Rest of Southeast Asia	114	88
	1,317	1,092

Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Summary of Earnings Per Share


	For six months ended June 30
	2024	2023
	$	$

Loss for the period	(184)	(397)
Less: Loss attributable to non-controlling interests	27	19
Loss for the period attributable to ordinary shareholders	(157)	(378)
Basic weighted-average ordinary shares outstanding	3,950,064	3,877,027
Basic loss per share attributable to ordinary shareholders	(0.04)	(0.10)
Diluted loss per share attributable to ordinary shareholders	(0.04)	(0.10)

Summary of Antidilutive Securities Excluded from Computation of Earnings Per Share


	For six months ended June 30
	2024	2023
Warrants	26,000	26,000
Restricted ordinary shares (Note 6)	4,920	10,817
Share options (Note 8)	44,089	53,496
RSUs (Note 8)	158,171	148,323
Shares committed under ESPP (Note 8)	2,198	2,263
Options to swap the shares in GHL subsidiaries for GHL Class A Ordinary Shares	121,450	121,450
Total	356,828	362,349

Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2024

Disclosure of detailed information about financial instruments [line items]

Summary of Accounting Classification and Fair Values


		Carrying amount				Fair value
	Note	FVTPL	FVOCI	Amortized cost	Total	Level 1	Level 2	Level 3	Total
		$	$	$	$	$	$	$	$
(in $ millions)
June 30, 2024
Financial assets
Debt investments		383	176	217	776	680	8	88	776
Equity investments		188	—	—	188	68	—	120	188
Time deposits		—	—	2,414	2,414	—	—	—	—
Trade and other receivables		—	—	202	202	—	—	—	—
Loan receivables in the financial services segment		—	—	398	398	—	—	—	—
Other assets		13	—	250	263	—	13	—	13
Cash and cash equivalents	5	—	—	2,447	2,447	—	—	—	—
Total		584	176	5,928	6,688	748	21	208	977
Financial liabilities
Bank loans		—	—	(146)	(146)	—	—	—	—
Lease liabilities		—	—	(149)	(149)	—	—	—	—
Warrant liabilities		(4)	—	—	(4)	(4)	—	—	(4)
Trade payables and other liabilities		(5)	(117)	(740)	(862)	—	—	(122)	(122)
Deposits from customers in the banking business		—	—	(730)	(730)	—	—	—	—
Total		(9)	(117)	(1,765)	(1,891)	(4)	—	(122)	(126)


		Carrying amount				Fair value
	Note	FVTPL	FVOCI	Amortized cost	Total	Level 1	Level 2	Level 3	Total
		$	$	$	$	$	$	$	$
(in $ millions)
December 31, 2023
Financial assets
Debt investments		608	45	381	1,034	883	62	89	1,034
Equity investments		241	—	—	241	109	—	132	241
Time deposits		—	—	1,818	1,818	—	—	—	—
Trade and other receivables		—	—	196	196	—	—	—	—
Loan receivables in the financial services segment		—	—	326	326	—	—	—	—
Other assets		5	—	300	305	—	5	—	5
Cash and cash equivalents	5	—	—	3,138	3,138	—	—	—	—
Total		854	45	6,159	7,058	992	67	221	1,280
Financial liabilities
Term loan		—	—	(476)	(476)	—	—	—	—
Bank loans		—	—	(155)	(155)	—	—	—	—
Lease liabilities		—	—	(162)	(162)	—	—	—	—
Warrant liabilities		(6)	—	—	(6)	(6)	—	—	(6)
Trade payables and other liabilities		(5)	(118)	(764)	(887)	—	—	(123)	(123)
Deposits from customers in the banking business		0	—	(374)	(374)	—	—	—	—
Total		(11)	(118)	(1,931)	(2,060)	(6)	—	(123)	(129)

Summary of Reconciliation from the Opening Balances to the Ending Balances

The following table shows a reconciliation from the opening balances to the ending balances for Level 3 fair values:


	Equity and debt investments	Other liabilities	Total
	$	$	$
(in $ millions)
At January 1, 2023	198	(99)	99
Net change in fair value (unrealized)	(17)	(6)	(23)
Net purchases/ (issuances)	31	—	31
At June 30, 2023	212	(105)	107
At January 1, 2024	221	(123)	98
Net change in fair value (unrealized)	(13)	1	(12)
Net purchases/ (issuances)	*	—	*
At June 30, 2024	208	(122)	86

* Amount less than $1 million

Operating Segments (Tables)

6 Months Ended

Jun. 30, 2024

Summary of Information about Each Reportable Segment and Reconciliation

Information about each reportable segment and reconciliation to amounts reported in consolidated financial statements is set out below:


	For six months ended June 30
	2024	2023
(in $ millions)	$	$
Segment Adjusted EBITDA
Deliveries	84	(9)
Mobility	267	211
Financial services	(52)	(85)
Others	2	(1)
Total reportable Segment Adjusted EBITDA	301	116
Regional corporate costs	(175)	(200)
Other income/ (expenses)	4	(2)
Depreciation and amortization	(74)	(72)
Share-based compensation expenses	(176)	(168)
Impairment losses on goodwill and non-financial assets	—	*
Restructuring costs	(4)	(51)
Legal, tax and regulatory settlement provisions	(7)	(3)
Operating loss	(131)	(380)
Income tax expenses	(31)	(7)
Net interest income/ (expenses)	65	32
Fair value changes on investments	(25)	(46)
Foreign exchange (loss)/ gain	(58)	7
Share of loss of equity-accounted investees (net of tax)	(4)	(3)
Loss for the year	(184)	(397)

* Amount less than $1 million

Going concern - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Texts Block [Abstract]
Equity	$ 6,343	$ 6,468	$ 6,391	$ 6,657
Net Loss After Tax	184
Deposits with banks and financial institutions	$ 4,861

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Disclosure of detailed information about property, plant and equipment [line items]
Cash payment on acquisition of property, plant and equipment	$ 25	$ 20

Other investments - Summary of Other investments (Detail) - USD ($)
$ in Millions

Jun. 30, 2024

Dec. 31, 2023

^[1]

Disclosure of Detailed Information About Other Investment Explanatory [Line Items]

$ 1,209

$ 1,188

Disclosure of Detailed Information About Other Investment Explanatory [Line Items]

2,169

1,905

Other investments

3,378

3,093

Time deposits [member]

761

681

Debt investments - at FVOCI [Member]

1,653

1,137

Disclosure of Detailed Information About Other Investment Explanatory [Line Items]

Debt investments – at FVTPL [Member]

Disclosure of Detailed Information About Other Investment Explanatory [Line Items]

173

247

Debt Investments - at amortized cost [Member]

210

361

Disclosure of Detailed Information About Other Investment Explanatory [Line Items]

Equity investments – at FVTPL [Member]

217

381

Disclosure of Detailed Information About Other Investment Explanatory [Line Items]

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

$ 188

$ 241

[1]	For the purpose of comparability, current debt investments - at amortized cost and FVTOCI previously presented within current time deposits have been presented as separate captions.

Other investments - Additional Information (Detail)	6 Months Ended
Other investments - Additional Information (Detail)	Jun. 30, 2024
Disclosure of Detailed Information About Other Investment Explanatory [Line Items]
Maturity Term Of Time Deposit Classed As Other Investment	more than three months

Trade and other receivables - Summary of Trade and other receivables (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current
Trade and other current receivables	$ 202	$ 196

Prepayments and other assets - Summary Of Prepayments And Other Assets (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current
Current prepayments and other current assets	$ 306	$ 208

Cash and Cash Equivalents - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Disclosure Of Fair Value Of Financial Instruments [Line Items]
Maturity term of time deposits	3 months
Restricted cash and cash equivalents	$ 188	$ 186

Cash and Cash Equivalents - Summary Of Cash And Cash Equivalents (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Statements [Line Items]
Short-term deposits	$ 457	$ 650
Cash at banks and on hand	1,990	2,488
Cash and cash equivalents in the statement of financial position	2,447	3,138
Cash and cash equivalents in the statement of cash flows	$ 2,447	$ 3,138	$ 2,282	$ 1,952

Capital and reserves - Summary Of Movements In GHI and GHL (Detail) shares in Thousands	6 Months Ended
	Jun. 30, 2024 shares
Class A Ordinary Shares
Disclosure of classes of share capital [line items]
In issue at January 1- in issue	3,813,341
Issued for acquisition of non-controlling interests	1
Issued for restricted share awards	0
Restricted share units vested	53,050
Exercise of share options	4,515
Issued under equity stock purchase plan	1,961
Repurchase of shares	(39,604)
Conversion of Class B ordinary shares to Class A ordinary shares	8,908
In issue at June 30	3,842,172
Restricted ordinary shares issued but not fully vested	0
In issue at June 30 - fully paid	3,842,172
Authorized	49,500,000
Class B Ordinary Shares
Disclosure of classes of share capital [line items]
In issue at January 1- in issue	120,403
Issued for acquisition of non-controlling interests	0
Issued for restricted share awards	4,920
Restricted share units vested	7,194
Exercise of share options	0
Issued under equity stock purchase plan	0
Conversion of Class B ordinary shares to Class A ordinary shares	(8,908)
In issue at June 30	123,609
Restricted ordinary shares issued but not fully vested	(4,920)
In issue at June 30 - fully paid	118,689
Authorized	500,000

Subsidiaries and Non-controlling Interests - Summary of Detailed Information About Non Controlling Interests (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Detailed Information About Non Controlling Interests [Line Items]
Carrying amount of non-controlling interests acquired	$ 78	$ 19

Loans and Borrowings - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Disclosure Of Detailed Information Of Loans And Borrowings [Line Items]
Property, plant and equipment	$ 483	$ 512
Secured bank loans received current	55	67
Motor Vehicles Held For Leasing [Member]
Disclosure Of Detailed Information Of Loans And Borrowings [Line Items]
Property, plant and equipment	$ 289	$ 294

Loans and Borrowings - Summary of Loans and Borrowings (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Non-current
Bank loans	$ 91	$ 88
Term loan	0	456
Lease liabilities	118	124
Non-current borrowings	209	668
Current
Bank loans	55	67
Term loan	0	20
Lease liabilities	31	38
Current borrowings	$ 86	$ 125

Loans and Borrowings - Summary of Terms and Conditions of Outstanding Loans and Borrowings (Detail)
$ in Millions

6 Months Ended

Jun. 30, 2024

USD ($)

Loans and Borrowings

$ 295

Bank loan 1 | SGD

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

SGD

Bank loan 1 | SGD | Bottom of range

$ 98

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

1.50%

Bank loan 1 | SGD | Top of range

2024

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

2.10%

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

2029

Bank loan 2 | MYR

Bank loan 2 | MYR | Bottom of range

MYR

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

2.10%

Bank loan 2 | MYR | Top of range

2024

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

3.60%

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

2028

Bank loan 3 | MYR

Nominal interest rate basis

MYR

COF

^[1]

Bank loan 3 | MYR | Bottom of range

$ 10

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

(2.00%)

Bank loan 3 | MYR | Top of range

2024

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

1.30%

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

2028

Bank loan 4 | IDR

IDR

9.50%

Bank loan 4 | IDR | Bottom of range

$ 7

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

Bank loan 4 | IDR | Top of range

2024

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

2028

Bank loan 5 | THB

THB

Nominal interest rate basis

7.00%

COF

^[1]

Bank loan 5 | THB | Bottom of range

$ 31

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

Bank loan 5 | THB | Top of range

2024

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

Lease liabilities [member] | Multiple

2025

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

Lease liabilities [member] | Multiple | Bottom of range

Multiple

Lease liabilities

$ 149

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

4.10%

Lease liabilities [member] | Multiple | Top of range

2024

Disclosure Details For Terms And Conditions For Outstanding Loans [Line Items]

12.50%