GOTO Announces Rp3.5 Trillion Share Buyback Plan
PT GoTo Gojek Tokopedia Tbk (GOTO) plans to carry out a share repurchase, or buyback, with a maximum value of Rp3.5 trillion. The company announced this in a disclosure of information to shareholders issued on 11 May 2026.
Management explained that this corporate action will first seek approval from shareholders at an Extraordinary General Meeting of Shareholders (EGMS) scheduled for 18 June 2026. If approved, the buyback will be conducted over a 12-month period, from 19 June 2026 to 18 June 2027.
In the document, GOTO’s management stated that the funds for the buyback will come entirely from the company’s internal cash and not from public offerings or loans. The total funds prepared amount to Rp3.5 trillion, including transaction costs and intermediary services.
The company stated that the number of shares to be repurchased will not exceed 10% of the issued and paid-up capital, including treasury shares currently held by the company. As of 30 April 2026, GOTO recorded ownership of 39.29 billion treasury shares, equivalent to 3.30% of the total issued and paid-up capital.
Management explained that the buyback is intended to provide flexibility in capital management and to optimise the company’s capital structure. Additionally, this step is expected to make GOTO’s share price better reflect the company’s fundamental value.
“Through the Share Repurchase, the Company hopes that the Company’s share price performance can reflect the true fundamental value of the Company,” management wrote in the disclosure of information, quoted on Tuesday (12 May 2026).
In addition, GOTO aims to have greater flexibility and better options in managing capital and maximising better returns for shareholders. However, the implementation of the buyback will remain in accordance with the provisions of POJK 29/2023.
For the execution of the buyback in the market, GoTo has appointed PT Ciptadana Sekuritas Asia as the party to purchase shares through trading on the Indonesia Stock Exchange during the buyback period.