GoTo records third straight quarterly profit and lifts EBITDA outlook

A Rp441 billion net profit for July-September 2026 gave PT GoTo Gojek Tokopedia Tbk its third profitable quarter in succession. The Indonesian technology group also announced a higher annual adjusted EBITDA target, president director Hans Patuwo said on 29 October.

GoTo now expects 2026 adjusted EBITDA of Rp3.5-3.7 trillion, against its earlier Rp3.2-3.4 trillion range. The company said fintech results had continued to beat expectations, prompting it to increase that business's guidance from Rp1.7-1.8 trillion to Rp1.9-2.0 trillion.

For On-Demand Services, GoTo expanded its adjusted EBITDA forecast range from Rp1.4-1.5 trillion to Rp1.4-1.6 trillion. The company said it had factored in possible regulations, including implementing rules for delivery services from the Ministry of Communication and Digital.

Third-quarter net revenue was Rp5.6 trillion, a year-on-year increase of 17 per cent. Core gross transaction value climbed 89 per cent to Rp194 trillion, while the annual transacting user count reached 72.5 million, up 16 per cent.

Adjusted EBITDA for the group reached Rp950 billion, an 84 per cent annual rise. This included the full-quarter effect of an 8 per cent commission for two-wheeled transport services. Adjusted free cash flow came to Rp1.21 trillion, up 389 per cent, and Tokopedia e-commerce service fees totalled Rp235 billion.

For January-September, GoTo recorded Rp16.5 trillion in net revenue, up 24 per cent. Its nine-month net profit of Rp864 billion compared with a Rp997 billion loss a year earlier.

Shareholders authorised cancellation of 32 billion treasury shares, to take effect after regulatory procedures are completed. GoTo also reported a buyback of 36 billion shares with an allocated budget of Rp985 billion, while Rp2.5 trillion in buyback funds remained unused.