GoTo Posts Net Profit for Two Consecutive Quarters, Demonstrating Ecosystem Strength

Indonesian technology company PT GoTo Gojek Tokopedia Tbk (GOTO) has released its financial report for the first half of 2026, covering the period up to June. The company recorded a net profit attributable to owners of the parent entity of Rp607 billion, reversing a loss of Rp580 billion in the first half of 2025. This achievement means the company, which houses the on-demand service Gojek and fintech GoPay, has now posted a net profit for two consecutive quarters, following a net profit of Rp258 billion in the first quarter. During the first half of 2026, GoTo’s net revenue reached Rp10.99 trillion, a 28.4% increase from Rp8.56 trillion in the same period last year. The largest revenue contributor was delivery services at Rp3.2 trillion, up 16.5%, followed by service fees at Rp3.15 trillion, up 14.9%, and lending income at Rp2.71 trillion, a 65% surge. Other revenue streams included e-commerce service fees from PT Tokopedia amounting to Rp551 billion, up 32.3%, and advertising revenue of Rp254 billion, up 8%. Other income reached Rp1.13 trillion, soaring 46.5% compared to the first half of the previous year. GoTo also recorded an operating profit of Rp782 billion, a turnaround from an operating loss of Rp172 billion. In terms of assets, GoTo reported a 3.8% increase compared to December 2025, reaching Rp47.47 trillion, with cash and cash equivalents of Rp23 trillion.