Ryde Group Reports Narrowing Fiscal 2025 Losses Amid Revenue Growth

Ryde Group Ltd (RYDE), a Singapore-based provider of ride-hailing and carpooling services, has reported a reduction in net losses for the 2025 fiscal year. The company attributed the improvement to a steady increase in overall revenue. For the full fiscal year, the company's net loss narrowed to S$17.79 million, or S$0.40 per share, compared to a loss of S$18.45 million, or S$0.87 per share, in the previous year. When converted to US dollars, the net loss stood at $13.83 million, representing $0.31 per share. Operational efficiency also improved, with the adjusted EBITDA loss shrinking to S$5.76 million (approximately $4.48 million), down from S$7.69 million in the prior year. This improvement was supported by a significant jump in yearly revenue, which reached S$12.51 million ($9.73 million), up from S$8.95 million a year earlier. The market responded positively to the results. In pre-market trading on the New York Stock Exchange, Ryde shares rose approximately 1.74% to $1.4752, following a modest gain of 0.68% during the previous regular trading session.