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๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia /Economy & Trade

GoTo Books First-Ever Net Profit

From Tempo · (10m ago) Indonesian Positive tone

Translated from Indonesian, summarized and contextualized by DistantNews.

TLDR

  • PT GOTO Gojek Tokopedia Tbk. (GOTO) achieved net profit for the first time in Q1 2026, reporting Rp 171 billion.
  • This marks a significant milestone, reversing a net loss of Rp 367 billion in the same period last year.
  • The company also saw strong growth in Annual Transacting Users (ATU), net revenue, and Gross Transaction Value (GTV), with adjusted EBITDA and free cash flow also showing positive trends.

Indonesian tech giant PT GOTO Gojek Tokopedia Tbk. (GOTO) has reached a pivotal moment, announcing its first-ever net profit in the first quarter of 2026. This achievement, with a net profit of Rp 171 billion, signifies a remarkable turnaround from the Rp 367 billion net loss recorded in the corresponding period of the previous year.

"This achievement of net profit for the first time in GoTo's history is an important moment for us," stated Group CEO Hans Patuwo. He expressed confidence in GoTo's strong position to navigate the current global economic landscape. The company's performance was bolstered by a 22% year-on-year increase in Annual Transacting Users (ATU) to 69 million, and a 26% rise in net revenue to Rp 5.3 trillion. Core GTV also surged by 65% year-on-year to Rp 138 trillion, contributing to a total GTV of Rp 236 trillion, up 63% annually.

Pencapaian laba bersih untuk pertama kalinya dalam sejarah GoTo ini menjadi momen penting bagi kami

โ€” Hans PatuwoGroup CEO of GoTo, commenting on the company's first-ever net profit.

Further underscoring the company's financial health, adjusted Group EBITDA reached Rp 907 billion, a 131% year-on-year increase, and adjusted free cash flow turned positive at Rp 1.3 trillion. The e-commerce service fee from PT Tokopedia alone contributed Rp 288 billion.

Group CFO Simon Ho highlighted that revenue growth significantly outpaced cost increases in both fintech and on-demand services. "Our service costs have also decreased as our technology and artificial intelligence strategies begin to yield results," he added. This financial milestone is a testament to GoTo's strategic execution and its growing influence within Indonesia's digital economy.

Biaya layanan kami juga menurun seiring dengan strategi teknologi dan kecerdasan buatan kami yang mulai membuahkan hasil

โ€” Simon HoGroup CFO of GoTo, explaining the reasons behind the improved financial performance.
DistantNews Editorial

Originally published by Tempo in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.