GoTo Affirms Positive Financial Performance, Calls MSCI Review Purely Technical
PT GoTo Gojek Tokopedia Tbk (GOTO) has affirmed that the company recorded positive financial performance for two consecutive quarters, with a net profit of Rp607.48 billion during the first half of 2026.
As a result, the company considers MSCI Inc.’s decision to be purely technical in nature, following GOTO’s share price reaching its lowest level of Rp50 and subsequent low trading volume, rather than being caused by the company’s performance.
“We note MSCI’s decision regarding GOTO’s exclusion from its equity index, and we recognise that this is unwelcome news for many of our shareholders,” said GoTo Head of Corporate Affairs Audrey Petriny in an official statement in Jakarta on Thursday.
Audrey assured that the company will continue to maintain communication with MSCI Inc., while remaining focused on managing the business to create added value for all shareholders.
During the first half of 2026, GOTO posted a net profit of Rp607.48 billion, reversing from a net loss of Rp580.01 billion in the same period the previous year.
The Group’s adjusted EBITDA increased to reach Rp1 trillion for the first time, and remains on track to achieve the company’s annual performance guidance of Rp3.2–3.4 trillion in adjusted Group EBITDA.
The company’s net profit was supported by net revenue reaching Rp10.99 trillion in the first half of 2026, growing 28.45 percent year on year (yoy) compared to revenue of Rp8.55 trillion in the same period the previous year.
On the balance sheet side, the company’s total assets reached Rp47.47 trillion as of 30 June 2026, while the cumulative total of liabilities and equity reached Rp47.47 trillion as of 30 June 2026.
For information, through the MSCI Equity Indexes August 2026 Index Review, MSCI removed two Indonesian stocks from the MSCI Global Standard Index, one of which was PT GoTo Gojek Tokopedia Tbk (GOTO).
The changes will take effect at the close of trading on the Indonesia Stock Exchange (IDX) on 31 August 2026 and become effective on 1 September 2026.