PT GoTo Gojek Tokopedia Tbk (GOTO) has affirmed that the company\nrecorded positive financial performance for two consecutive quarters,\nwith a net profit of Rp607.48 billion during the first half of 2026.<\/p>\n
As a result, the company considers MSCI Inc.\u2019s decision to be purely\ntechnical in nature, following GOTO\u2019s share price reaching its lowest\nlevel of Rp50 and subsequent low trading volume, rather than being\ncaused by the company\u2019s performance.<\/p>\n
\u201cWe note MSCI\u2019s decision regarding GOTO\u2019s exclusion from its equity\nindex, and we recognise that this is unwelcome news for many of our\nshareholders,\u201d said GoTo Head of Corporate Affairs Audrey Petriny in an\nofficial statement in Jakarta on Thursday.<\/p>\n
Audrey assured that the company will continue to maintain\ncommunication with MSCI Inc., while remaining focused on managing the\nbusiness to create added value for all shareholders.<\/p>\n
During the first half of 2026, GOTO posted a net profit of Rp607.48\nbillion, reversing from a net loss of Rp580.01 billion in the same\nperiod the previous year.<\/p>\n
The Group\u2019s adjusted EBITDA increased to reach Rp1 trillion for the\nfirst time, and remains on track to achieve the company\u2019s annual\nperformance guidance of Rp3.2\u20133.4 trillion in adjusted Group EBITDA.<\/p>\n
The company\u2019s net profit was supported by net revenue reaching\nRp10.99 trillion in the first half of 2026, growing 28.45 percent year\non year (yoy) compared to revenue of Rp8.55 trillion in the same period\nthe previous year.<\/p>\n
On the balance sheet side, the company\u2019s total assets reached Rp47.47\ntrillion as of 30 June 2026, while the cumulative total of liabilities\nand equity reached Rp47.47 trillion as of 30 June 2026.<\/p>\n
For information, through the MSCI Equity Indexes August 2026 Index\nReview, MSCI removed two Indonesian stocks from the MSCI Global Standard\nIndex, one of which was PT GoTo Gojek Tokopedia Tbk (GOTO).<\/p>\n
The changes will take effect at the close of trading on the Indonesia\nStock Exchange (IDX) on 31 August 2026 and become effective on 1\nSeptember 2026.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/goto-affirms-positive-financial-performance-calls-msci-review-purely-technical-1786600429", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }