GOTO – Finally reached a net profit of IDR171 bn in 1Q26

GOTO – Finally reached a net profit of IDR171 bn in 1Q26 GoTo Gojek Tokopedia (GOTO) has achieved a historic milestone by reporting its first-ever net profit of IDR171 bn in 1Q26, marking a significant turnaround from the IDR367 bn loss in 1Q25. Net revenue grew 26% yoy to IDR5.3 tn, supported by 65% yoy surge in core Gross Transaction Value (GTV) to IDR138 tn. The company’s adjusted EBITDA reached IDR907 bn (+131% yoy), driven by strong performances in its Fintech and On-Demand Services (ODS) units, which saw adjusted EBITDA growth of 674% and 40% yoy, respectively. Additionally, GOTO generated a positive adjusted free cash flow of IDR1.3 tn. Management reaffirmed its FY26 adjusted EBITDA guidance of IDR3.2–3.4 tn, citing significant revenue growth, cost discipline, and the successful implementation of AI-driven strategies. (Source : Kontan)