PT GoTo Gojek Tokopedia Tbk reported record financial results for the fourth quarter and full year 2025 (11/03).

Adjusted EBITDA reached Rp2 trillion, exceeding the company’s guidance of Rp1.8–1.9 trillion. GoTo set 2026 adjusted EBITDA guidance at Rp3.2–3.4 trillion, representing a 59–69% increase year-on-year.

Hans Patuwo, GoTo Group CEO, said: “We delivered strong results in the fourth quarter and full year, as 2025 core GTV increased 49% year-on-year and adjusted EBITDA reached Rp2 trillion, exceeding our guidance. As this momentum continues, we have set 2026 adjusted EBITDA guidance at Rp3.2–3.4 trillion.”

Strong Growth in Core GTV and User Engagement

Group core Gross Transaction Value (GTV) grew 57% YoY to Rp124 trillion in Q4 and 49% to Rp400 trillion for the full year.

Total GTV reached Rp212 trillion in Q4, up 47% YoY, and Rp686 trillion for the full year. Annual Transacting Users increased 24% YoY to 66 million, supporting a net revenue increase of 19% in Q4 to Rp5 trillion and 24% for the full year to Rp18.3 trillion.

Fintech and On-Demand Services Achieve Record Profitability

The Financial Technology segment recorded adjusted EBITDA of Rp226 billion in Q4 and Rp497 billion for 2025, driven by growth in payments and lending.

Core GTV in fintech rose 62% YoY in Q4 to Rp116.3 trillion and 54% for the full year. Monthly Transacting Users reached 26.2 million in Q4, while Annual Transacting Users grew 36% to 57 million.

On-Demand Services posted adjusted EBITDA of Rp415 billion in Q4, up 55% YoY, and Rp1.4 trillion for the full year, up 105% YoY.

Net revenue increased 10% in Q4 to Rp3.4 trillion and 16% for 2025. The growth reflects improved product mix, higher advertising revenues, and controlled incentive spending.

Hans Patuwo added, “Continued earnings growth is expected across our Fintech and On-Demand Services businesses throughout 2026. Within On-Demand Services, we anticipate stronger topline growth in the second half of the year as we expand capabilities to better serve the mass market.”

Mobility and Delivery Units Maintain Strong Performance

Mobility GTV grew 2% YoY in Q4 to Rp6.5 trillion and 7% for the full year. Net revenue increased 15% YoY in both periods, while adjusted EBITDA rose 22% in Q4 and 18% for the year.

Delivery GTV increased 5% YoY in Q4 to Rp11.2 trillion and 8% for the full year. Net revenue rose 8% in Q4 and 16% for 2025. Adjusted EBITDA for delivery surged 123% in Q4 and 383% for the full year.

ESG Initiatives and 2026 Outlook

GoTo continued efforts in sustainability and social programs. The company provided social security for top-performing driver-partners, expanded scholarships through the GoTo Merah Putih Foundation, and exceeded the 10,000 Electric Vehicles target for driver-partners.

Offices implemented waste management programs, and BISINDO training workshops were launched for employees.

For 2026, GoTo expects Group adjusted EBITDA of Rp3.2–3.4 trillion, Fintech EBITDA of Rp1.4–1.5 trillion, and On-Demand Services EBITDA of Rp1.7–1.8 trillion, subject to market conditions.

CFO Simon Ho noted, “Our results reflect continued success in top-line expansion and bottom-line improvement, underpinned by increased net revenue, cost discipline, and positive operating leverage.”

PHOTO: GOTO

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