Wolf Money(Grab 1Q 26 earnings call summary)
I sat through the half hour earnings call. Here are the summaries. The two main questions regarding Indonesia imposing an 8% maximum cap on riders’ fees and high fuel prices affecting their business. The new fees cap are only specific targeting those 2 wheelers. It only affect 6% of their total mobility GMV. So far the 4 wheelers are unaffected by the rule change. Questions on rising fuel were frequently discussed. The management is helping partners to convert into EVs, especially those markets without fuel subsidies, like Thailand and the Philippines. If those fuel prices continue to be high, the cost will be passed on to users. They will be most willing to help their drivers directly first. Passing on cost to users will be last resort. Through AI implementation across their businesses, it helps drivers and company managed costs through increase productivity. The management guides for costs to stay flat throughout the year. Grab Financial is gaining operating leverag...