GOTO: MSCI Removal Not Linked to Company Performance

PT GoTo Gojek Tokopedia Tbk (GOTO) has provided clarification regarding MSCI’s decision to remove its shares from the MSCI Global Standard Index. Based on the results of the August 2026 Index Review, management emphasised that the move was technical in nature and did not reflect the company’s fundamental condition or operational performance.

Head of Corporate Affairs GoTo, Audrey Petriny, explained that the exclusion was a consequence of the company’s share price position, which had briefly touched a low of Rp50, accompanied by low trading volume. While acknowledging the news might be unpleasant for shareholders, she stressed it was purely an index technicality. “This decision is purely technical and not caused by the company’s performance,” Audrey stated in an official release on Thursday (13/8).

Amidst these global index dynamics, GoTo is actually showing a strong recovery trend. In the second quarter of 2026, the company maintained its positive momentum by recording a net profit for two consecutive quarters. According to the latest financial report data, GoTo posted a net profit of Rp252 billion. The company’s net revenue in the same period reached Rp5.7 trillion. Furthermore, the group’s adjusted EBITDA made history by surpassing the Rp1 trillion mark for the first time. This significant EBITDA achievement keeps the company on track to meet its annual 2026 performance guidance. GoTo is targeting an adjusted group EBITDA in the range of Rp3.2 trillion to Rp3.4 trillion by the end of this year.