In a shareholder-friendly move, Grab Holdings Limited (GRAB) announced its plans to complete the remaining share repurchase authorization program. GRAB’s board of directors aims to complete the approximately $900 million remaining aggregate authorized amount under its previously announced share repurchase programs over the next 12 months, subject to market conditions and the trading price of Grab’s Class A ordinary shares and in accordance with applicable law.
On full completion of the aforesaid share repurchase program, GRAB’s cumulative repurchases since the inception of its first share repurchase program in 2024 till this program is likely to amount to a total of almost $1.75 billion.
The repurchases will be funded from Grab’s existing cash reserves. Grab’s gross cash liquidity of $7.4 billion and its net cash liquidity of $5.4 billion as of June 30, 2026, positions it to fund ongoing operations, invest in growth and reward shareholders through buybacks.
Peter Oey, chief financial officer of Grab, stated, “We are moving forward on the balance of the program because our conviction has strengthened, not softened. The business continues to compound, and the dislocation between that performance and where our shares trade remains an opportunity we intend to act on. Our progress toward our 2028 targets gives us the visibility to commit capital at this scale. We are able to invest in our rapidly scaling ecosystem at full pace while returning excess capital to shareholders — a disciplined approach in which the two are complementary, not competing.”
GRAB management’s decision to complete its share buyback program reflects the company’s commitment to boosting shareholder value, apart from underlining confidence in its business. Buybacks not only reduce the total outstanding share count, thereby increasing earnings per share, but also signal management's belief in the intrinsic value of the stock. Such shareholder-friendly moves instill investor confidence and positively impact the company's bottom line.
GRAB’s Zacks Rank and Stocks to Consider
Currently, GRAB carries a Zacks Rank #3 (Hold).
Investors interested in stocks belonging to GRAB’s industry may consider Appian Corporation (APPN) and Astera Labs, Inc. (ALAB).
Appian currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
APPN has an expected earnings growth rate of 73.8% for 2026. The company has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 216.26%.
Astera Labs currently sports a Zacks Rank #1.
ALAB has an expected earnings growth rate of more than 100% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 17.07%.
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This article originally published on Zacks Investment Research (zacks.com).