GoTo Records Revenue of Rp 18.3 Trillion with 15 Per Cent Growth Throughout 2025
Jakarta — PT GoTo Gojek Tokopedia Tbk (GoTo) recorded revenue growth of 15 per cent throughout 2025, reaching Rp 18.3 trillion compared to Rp 15.8 trillion in 2024.
On-demand services (ODS) revenue through the delivery business increased 8.1 per cent in 2025 to Rp 5.78 trillion from Rp 5.34 trillion previously, whilst service fee revenue reached Rp 5.69 trillion.
Tokopedia’s service fee revenue amounted to Rp 820 billion in 2025, up 32 per cent from Rp 622 billion in the previous year.
On the operational front, GoTo reported an 83 per cent improvement in operating losses. The company recorded operating losses of Rp 378 billion in 2025, compared to operating losses of Rp 2.24 trillion in 2024.
The reduction in losses was reflected in net losses for the year, which fell to Rp 1.5 trillion, a 72 per cent decline from the 2024 net loss of Rp 5.46 trillion.
Net losses attributable to the parent company owners totalled Rp 1.18 trillion, successfully reduced by 77 per cent year-on-year, accompanied by a 10 per cent decrease in general and administrative expenses.
As of December 2025, the company’s total assets stood at Rp 45.76 trillion. Cash and cash equivalents were recorded at Rp 21.76 trillion, an increase from Rp 19.18 trillion in 2024.
The group’s adjusted EBITDA for 2025 was Rp 1.8–1.9 trillion, and the company has set guidance for 2026 of Rp 3.2–3.4 trillion, a 59–69 per cent increase.
“Continuing this momentum, we have set adjusted EBITDA guidance for 2026 in the range of Rp 3.2–3.4 trillion,” said Hans in an official statement on Wednesday, 11 March 2026.
Hans anticipates that company profitability will continue to grow in 2026, driven by the Financial Technology and On-Demand Services businesses.
“Profitability is expected to continue across all business lines in Financial Technology and On-Demand Services throughout 2026,” he said.
“For the On-Demand Services business unit, we expect stronger revenue growth in the second half of this year as we improve our ability to serve the mass market segment better,” he added.
GoTo’s Group Chief Financial Officer Simon Ho added that the company’s performance reflects continued success in driving revenue growth and improving profitability.
“We have again set a record for adjusted group EBITDA, supported by increased net revenue, cost discipline, and positive operating leverage,” Simon explained.
“We have also recorded an increase in adjusted positive free cash flow, a clear indication of strengthening business fundamentals and effective capital allocation,” he continued.
He stated that this full-year performance also serves as a solid foundation for sustainable growth and profitability as the company focuses on executing its strategy in 2026.