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GoTo Posts First-Ever Net Profit in Q1 of 2026
๐Ÿ‡ฑ๐Ÿ‡น Lithuania /Economy & Trade

GoTo Posts First-Ever Net Profit in Q1 of 2026

From Delfi · (7m ago) Lithuanian Positive tone

Translated from Lithuanian, summarized and contextualized by DistantNews.

TLDR

  • GoTo, the parent company of Gojek, reported its first-ever net profit in the first quarter of 2026, reaching Rp171 billion.
  • The company saw significant year-on-year growth in annual transaction users (69 million), net revenue (Rp5.3 trillion), and gross transaction value (GTV) (Rp236 trillion).
  • GoTo's Chief Financial Officer highlighted that revenue growth outpaced cost growth, driven by advancements in their tech and AI strategy.

In a landmark achievement for Indonesia's digital economy, GoTo, the powerhouse behind Gojek and Tokopedia, has announced its first-ever net profit for the first quarter of 2026. This significant milestone, amounting to Rp171 billion, arrives amidst a challenging global economic landscape, underscoring the company's resilience and strategic execution. GoTo Group CEO Hans Patuwo hailed the moment as a major step forward in the company's history.

The company's robust performance is further evidenced by substantial year-on-year growth across key metrics. Annual transaction users surged by 22% to 69 million, while net revenue climbed 26% to Rp5.3 trillion. The Group's core Gross Transaction Value (GTV) saw an impressive 65% increase, reaching Rp138 trillion, with total GTV jumping to Rp236 trillion. Adjusted EBITDA also saw a remarkable 131% rise, accompanied by a positive adjusted free cash flow of Rp1.3 trillion.

Achieving net profit for the first time in our history is a big moment for GoTo.

โ€” Hans PatuwoGoTo Group CEO Hans Patuwo commenting on the company's first-ever net profit.

GoTo's Chief Financial Officer, Simon Ho, attributed this success to revenue growth significantly outpacing cost increases in both fintech and on-demand services. He emphasized that the company's investment in technology and artificial intelligence is yielding tangible results, leading to a falling cost to serve. This profitability marks a new chapter for GoTo, demonstrating its capacity to not only drive growth but also to achieve sustainable financial success, a crucial indicator for the burgeoning Indonesian tech sector.

Our cost to serve is falling as our tech and AI strategy takes hold.

โ€” Simon HoGoTo Group's Chief Financial Officer explaining the factors behind the company's improved financial performance.
DistantNews Editorial

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

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