Experience-hailing big Seize simply introduced its Q3 2025 results, reporting a 22% year-over-year (YoY) income enhance to US$873 million from US$716 million within the earlier corresponding interval.
That is pushed by progress throughout Seize’s On-Demand and Monetary Providers segments, the corporate acknowledged in a media launch revealed right this moment (Nov 4).
Seize additionally reported an working revenue of US$27 million within the quarter, reversing from a lack of US$38 million in Q3 2024 and an enchancment of US$65 million YoY—primarily pushed by income will increase, enhancements in Adjusted EBITDA margins, and disciplined value administration.
On-Demand gross merchandise worth grew 24% YoY to about US$5.8 billion, which was underpinned by robust YoY progress in On-Demand month-to-month transacting customers and the whole variety of On-Demand transactions at 16% and 27% respectively.
Income for Monetary Providers grew 39% YoY to US$90 million within the third quarter of 2025, which was primarily pushed by elevated contributions from lending throughout GrabFin and its digibanks. Lending by way of these two revenues additionally continued to achieve traction, with complete loans disbursed rising by 56% YoY to US$886 million through the third quarter.
Seize has elevated provisions for anticipated credit score losses in step with disbursals progress, leading to elevated losses in Phase Adjusted EBITDA by 8% YoY to destructive US$28 million, because it scaled its lending companies throughout GrabFin and Digibanks through the third quarter.
Buyer deposits in GXS Bank (Singapore) and GX Bank (Malaysia) grew 20% YoY to US$1,311 million within the third quarter, however declined 15% quarter-on-quarter from US$1,543 million within the earlier corresponding interval. Seize defined that the sequential decline displays its transfer to proactively handle funding prices throughout its digibanks and align deposit charges with the prevailing rate of interest setting.
The corporate additionally famous that whereas complete deposits declined sequentially, the variety of complete deposit clients throughout GXS Financial institution (Singapore) and GX Financial institution (Malaysia) reached one other all-time excessive on the finish of the third quarter, indicating the continued momentum of its digital banks.
Anthony Tan, Group CEO and co-founder of Seize, acknowledged that the corporate will proceed to prioritise innovation to gas worthwhile progress in its core On-Demand enterprise, whereas making disciplined investments to speed up progress in Monetary Providers and discover Autonomous Car (“AV”) and Distant Driving alternatives.
“We now anticipate full-year Group income to come back in at US$3.38 billion to US$3.40 billion from our prior vary of US$3.33 billion to US$3.40 billion, and are additionally upgrading our full-year Adjusted EBITDA steerage to US$490 million to US$500 million from US$460 million to US$480 million,” wrote Peter Oey, Chief Monetary Officer of Seize.
- Learn the complete assertion by Seize here.
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Featured Picture Credit score: Seize
