GoTo Group, Indonesia’s largest digital ecosystem, reported record-breaking second-quarter results for 2025 (13/8).

The company’s core Gross Transaction Value (GTV) rose 43% year-over-year (YoY) to Rp89.8 trillion, while net revenue grew by 23% YoY to Rp4.3 trillion.

Adjusted EBITDA reached Rp427 billion, marking a significant turnaround from a loss in the same quarter last year.

This improvement also helped generate a positive EBITDA of Rp292 billion for the third consecutive quarter.

The company further posted adjusted operating cash flow of Rp313 billion, underlining robust top-line growth and cost control across its segments.

“Our investments in technology infrastructure, including our successful cloud migration, combined with rapid progress in our AI strategy, have removed bottlenecks and position us well for future growth,” said Patrick Walujo, CEO of GoTo Group.

CFO Simon Ho added, “We delivered record Group adjusted EBITDA of Rp427 billion and positive adjusted operating cash flow of Rp313 billion, supported by meaningful top-line growth and improved cost efficiency.”

GoTo reduced its net loss for the quarter by 77% YoY to Rp222 billion and reported Rp21 billion in profit from operations, the first positive figure in this category.

As of June 30, the company maintained a solid cash position of Rp18.2 trillion (US$1.1 billion).

Financial Technology Leads with Growth in Loans and Payments

GoTo Financial, the company’s fintech division, reported its third consecutive profitable quarter. Adjusted EBITDA hit Rp88 billion, a dramatic YoY turnaround from a Rp168 billion loss. The unit’s core GTV climbed 46% YoY to Rp82.2 trillion, supported by increased adoption of the GoPay app and expansion of its loan book.

Net revenue jumped 76% YoY to Rp1.4 trillion, driven by lending revenue growth of 130% to Rp879 billion.

Consumer loans outstanding reached Rp6.6 trillion, up 90% YoY. Monthly transacting users rose 29% YoY to 22.4 million.

Product launches included GoPay Pinjam on TikTok Shop, Indonesia’s first instant loan integration on the platform, as well as Simpati TikTok, a data package collaboration with Telkomsel and TikTok. The Telkomsel Wallet by GoPay was also launched within the MyTelkomsel app.

On-Demand Services Drive Margin Expansion Amid Rising Demand

On-Demand Services recorded strong profitability gains as adjusted EBITDA increased 264% YoY to Rp328 billion. GTV rose 9% YoY to Rp16.4 trillion, while net revenue climbed 13% to Rp3.0 trillion.

Mobility services recorded a 10% YoY increase in GTV, reaching Rp6.0 trillion, while Delivery grew 8% YoY to Rp10.3 trillion.

Delivery adjusted EBITDA improved by Rp193 billion YoY to Rp186 billion, achieving four consecutive quarters of margin growth. Merchant-funded promotions surged 118% YoY.

GoTo continued expanding premium features like Premium Food Express and Faster Search, gaining traction among higher-income users.

Advertising revenue on Food platforms reached 1.8% of GMV, marking a fourth consecutive quarterly increase.

Cloud Migration and AI Deployment Power Strategic Efficiency

In Q2, GoTo completed its cloud transition to Alibaba Cloud and Tencent Cloud, cutting projected annual cloud expenses by over 50%.

This migration also supports Indonesian data sovereignty goals, with all infrastructure hosted locally.

The company launched its flagship AI foundation model, Sahabat-AI, with 70 billion parameters.

Trained and hosted in Indonesia, it supports five local languages and several international ones.

New technology hubs were also established in China to tap into a deeper pool of engineering talent.

At its June General Meeting of Shareholders, GoTo appointed Catherine Hindra Sutjahyo as Vice President, Director and Deputy CEO, Hans Patuwo as President of On-Demand Services, and Sudhanshu Raheja as President of GoTo Financial.

GoTo reaffirms its 2025 adjusted EBITDA guidance of Rp1.4–1.6 trillion and remains confident in meeting full-year targets.

PHOTO: GOTO

This article was created with AI assistance.