GOTO Targets EBITDA of Rp 3.4 Trillion by 2026, What Are the Stock Prospects?

PT GoTo Gojek Tokopedia Tbk recorded adjusted group EBITDA of Rp 2 trillion throughout 2025, exceeding the company’s previous target range of Rp 1.8-1.9 trillion.

The company has subsequently set performance improvement targets for 2026. GOTO is targeting adjusted group EBITDA in the range of Rp 3.2-3.4 trillion, supported by the performance of two main business units.

The Financial Technology (fintech) unit is projected to record adjusted EBITDA of approximately Rp 1.4-1.5 trillion. Kafi Ananta, an analyst at BRI Danareksa Securities, views the target as ambitious yet still realistic and attainable.

The recent improvement in operational performance over several quarters is seen as providing a strong foundation for the company. The ecosystem encompasses transportation and delivery services in the On Demand Services (ODS) segment, as well as digital financial services through fintech.

“The ODS segment continues to show margin improvements and the fintech business is also developing rapidly with increasingly better monetisation rates, featuring expansive lending operations whilst maintaining good asset quality,” Ananta stated.

He also highlighted improvements in the company’s cash flow position, signalling strengthening financial health as the company works towards its ambitious 2026 targets.