First Time in Its History, GoTo Posts Net Profit

JAKARTA, Jakartaweekly.com — PT GoTo Gojek Tokopedia Tbk (IDX: GOTO) has marked a major milestone by posting its first-ever net profit of Rp171 billion in the first quarter of 2026, reversing a net loss of Rp367 billion recorded in the same period last year.

GoTo Group CEO Hans Patuwo said the achievement reflects the company’s multi-year transformation, with a focus on revenue growth and disciplined cost management.

“Our journey continues as we accelerate growth through developing products that meet customer needs, supported by sustained investments in business capabilities to help us deliver on this,” he said in a statement on Tuesday, April 28, 2026.

He added that the performance places the company in a strong position to navigate the current global environment, expressing confidence that GoTo will continue to deliver services to millions of Indonesians.

Operationally, GoTo recorded robust growth. Core gross transaction value (GTV) rose 65% year-on-year (YoY) to Rp138 trillion, while total GTV reached Rp236 trillion, up 63% YoY. Net revenue increased 26% YoY to Rp5.3 trillion.

On the profitability front, adjusted EBITDA surged 131% YoY to Rp907 billion. The company also reported positive adjusted free cash flow of Rp1.3 trillion, reflecting improving business fundamentals and cost efficiency.

User numbers continued to expand, with annual transacting users (ATU) growing 22% YoY to 69 million, equivalent to roughly one-third of Indonesia’s adult population.

GoTo CFO Simon Ho said revenue growth outpacing cost increases demonstrates strengthening operating leverage across the business. He added that technology strategies and the use of artificial intelligence (AI) have contributed to lowering service costs.

“Revenue growth significantly outpaced cost growth, both in the fintech and on-demand services segments,” he said.

In the financial technology segment, adjusted EBITDA jumped 674% YoY to Rp364 billion, supported by a 33% increase in monthly transacting users to 27.5 million. Loan book value also rose 59% to Rp9.9 trillion.

Meanwhile, the on-demand services segment posted adjusted EBITDA of Rp439 billion, up 40% YoY. Net revenue in this segment grew 12% YoY to Rp3.4 trillion, driven by higher usage of premium services.

The company also reaffirmed its commitment to driver-partner welfare, including the distribution of approximately Rp110 billion in festive bonuses and the provision of social security benefits for eligible partners.

For the full year 2026, GoTo maintained its adjusted EBITDA guidance in the range of Rp3.2 trillion to Rp3.4 trillion, taking into account ongoing global macroeconomic uncertainties.

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