GoTo Records Adjusted EBITDA of Rp2 Trillion in 2025, Exceeds Annual Target
Jakarta — PT GoTo Gojek Tokopedia Tbk (GOTO) successfully recorded adjusted EBITDA of Rp2 trillion in 2025.
This achievement surpassed the company’s previously issued guidance range of Rp1.8–1.9 trillion. For the fourth quarter specifically, the group’s adjusted EBITDA surged 106% to Rp672 billion, compared with Rp326 billion in the fourth quarter of 2024.
Based on a press statement released on 11 March, GoTo Group’s net revenue for the full year grew 24% year-on-year to Rp18.3 trillion on a proforma basis. This growth was driven by a 24% increase in Annual Transacting Users to 66 million across the entire ecosystem.
On an actual basis, GoTo Group’s net revenue increased 15% to Rp18.32 trillion, from Rp15.89 trillion in the previous year. For the fourth quarter alone, GoTo’s net revenue rose 19% to Rp5.03 trillion from Rp4.23 trillion in the fourth quarter of 2024.
GoTo Chief Executive Officer Hans Patuwo stated that profit growth is expected to continue across all business lines in Financial Technology and On-Demand Services throughout 2026.
“For the On-Demand Services unit, we anticipate stronger revenue growth in the second half of this year as our capacity to serve the mass market segment improves,” he said in a press statement on 11 March 2026.
“To achieve this, we will continue to focus on providing real solutions aligned with consumer needs, whether in the affluent or mass market segments, whilst continuously investing in core capabilities that enable us to deliver these solutions,” he added.
GoTo Group Chief Financial Officer Simon Ho further noted that the company’s performance reflects sustained success in driving top-line revenue growth and improving bottom-line profitability.
“We have set another record for adjusted Group EBITDA, supported by increased net revenue, cost discipline, and positive operating leverage,” he said.
Throughout the previous year, GoTo achieved positive adjusted free cash flow of Rp966 billion for the full year 2025.
Nevertheless, GoTo still recorded a current period loss of Rp1.50 trillion, a reduction of 73% from the current period loss of Rp5.47 trillion in 2024. For the fourth quarter specifically, current period losses were cut by 45% to Rp505 billion, compared with a loss of Rp926 billion in the fourth quarter of 2024. Net loss attributable to the owners of the parent entity was reduced by 77% to Rp1.19 trillion.
“We have also recorded improvements in positive adjusted free cash flow, a clear indication of strengthened business fundamentals and effective capital allocation. This full-year performance provides a solid foundation for sustained growth and profitability as we execute our strategy throughout 2026,” Simon said.
For GoTo Financial (GTF), core Gross Transaction Value (GTV) increased 54% to Rp370 trillion, supported by strong performance in the consumer payments segment, user growth, and transaction increases. The fintech business unit achieved a record of over 600 million monthly transactions in December 2025, rising 76% year-on-year with the addition of new features.
GTF net revenue surged 62% year-on-year to Rp5.8 trillion, underpinned by expansion of the outstanding loan book value and growth in payment transactions. GTF loan revenue also soared 95% year-on-year to Rp3.8 trillion, driven by an increase in outstanding consumer loan value to Rp8.8 trillion, or up 68% year-on-year.
For the On-Demand Service operated by Gojek, GTV rose 7.5% to Rp66.5 trillion. Gojek net revenue also increased 16% year-on-year to Rp12.6 trillion, supported by product mix optimisation, higher advertising revenue, and disciplined incentive spending.
Previously, the company also distributed Hari Raya Bonuses (BHR) ahead of Eid 2026 to approximately 400,000 eligible partners.
As of 31 December 2025, the company held cash, cash equivalents, and short-term deposits totalling Rp22.1 trillion.