Ryde Group Ltd. reported full‑year 2025 financial results, showing total sales of S$12.51 million, up 39.8% from S$8.95 million in 2024. The company posted a net loss of S$17.7 million, a narrowing from the S$18.65 million loss recorded in 2024, and a basic loss per share of S$0.40 versus S$0.87 in the prior year.
Revenue growth was driven by robust demand across Ryde’s core mobility and quick‑commerce platforms, coupled with disciplined cost management. The company’s continued investment in its electric‑vehicle strategy, including a 40% stake in Atoll Discovery Pte Ltd, has expanded its green mobility footprint without diverting resources from core operations, supporting the revenue increase.
The reduction in net loss reflects incremental cost‑control measures and improved operational efficiency. Ryde’s management highlighted that the first half of 2025 saw a 31% year‑on‑year revenue rise to S$5.7 million and a 14% improvement in adjusted EBITDA deficit, underscoring the effectiveness of its cost‑optimization initiatives.
Chief Executive Officer Terence Zou emphasized that the company’s disciplined execution and strategic investments in electric vehicles are positioning Ryde for long‑term value creation. He noted that the Atoll stake provides strategic access to the EV rental market, allowing Ryde to grow its EV fleet while maintaining focus on its core business.
Investors responded positively to the results, interpreting the strong revenue growth and narrowed loss as evidence of improving profitability and confidence in Ryde’s EV strategy. The market’s reaction reflected optimism about the company’s ability to scale its operations while managing costs.
While the company remains unprofitable, the 40% revenue acceleration and cost‑control progress signal a shift toward a more sustainable business model. However, Ryde continues to face intense competition in the ride‑hailing and quick‑commerce sectors, and its ongoing investment in EVs represents a significant capital commitment that will shape its long‑term financial trajectory.
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