Grab expects to break even in its digibank operations by 2026

SINGAPORE (Reuters) - Grab Holdings Ltd, Southeast Asia's biggest ride-hailing and food delivery firm, expects to break even in its digibank operations by 2026, Chief Financial Officer Peter Oey told analysts at the company's first investor day on Tuesday.

Grab's adjusted EBIDTA break-even is expected by the second half of 2024 as it accelerates toward profitability, he said.

(Reporting by Chen Lin; Editing by Kanupriya Kapoor and Christopher Cushing)