Indonesian tech giant GoTo Group, known for Gojek and Tokopedia, reported a net profit of Rp171 billion for the first quarter of 2026, alongside a 63 percent year-on-year increase in gross transaction value (GTV) to Rp236 trillion, marking a turnaround($12.7 million) from a net loss of Rp367 billion a year earlier.

In a release on Tuesday, GoTo said the improved performance was supported by revenue growth and cost discipline across its business segments. Core GTV rose 65 percent year-on-year to Rp138 trillion, while net revenue increased 26 percent to Rp5.3 trillion. Adjusted EBITDA climbed 131 percent to Rp907 billion.

The company also reported positive adjusted free cash flow of Rp1.3 trillion and said its annual transacting users increased 22 percent year-on-year to 69 million.

GoTo’s financial technology segment was a major contributor to growth. Core GTV in the segment rose 72 percent to Rp131 trillion, while net revenue increased 58 percent to Rp1.9 trillion. Monthly transacting users reached 27.5 million, up 33 percent from a year earlier, driving more than two billion transactions during the quarter.

Loans outstanding through its GoPay platform grew 59 percent year-on-year to Rp9.9 trillion, while the company said credit quality remained stable.

In its on-demand services segment, GTV rose 4 percent to Rp16.3 trillion and net revenue increased 12 percent to Rp3.4 trillion. Adjusted EBITDA for the segment grew 40 percent to Rp439 billion, extending a streak of seven consecutive quarters of improvement.

Within the segment, mobility GTV declined 3 percent to Rp5.7 trillion, while delivery GTV rose 8 percent to Rp10.6 trillion. Revenue and profitability increased across both categories.

GoTo also reported progress in its environmental, social and governance efforts, including an upgraded MSCI ESG rating of “AA.” During the quarter, it distributed approximately Rp110 billion in holiday bonuses to eligible driver-partners and expanded access to social security programs.

Despite the strong quarterly performance, the company maintained its full-year adjusted EBITDA guidance of Rp3.2 trillion to Rp3.4 trillion, citing ongoing global macroeconomic uncertainty.

Indonesian tech giant GoTo beats target with $118M EBITDA in 2025