Domestic technology giant PT GoTo Gojek Tokopedia Tbk (GOTO) recorded another positive performance in the second quarter of 2026. The publicly-traded company successfully posted a net profit of Rp252 billion, continuing the positive trend from the previous quarter, which saw a profit of Rp171 billion. This achievement underscores the company's strong business fundamentals amid a competitive digital market dynamic.
Unlike previous periods, the main growth engine this time shifted to the digital financial services (fintech) sector. Through GoPay, GoTo's fintech division recorded profit levels that surpassed the transportation and delivery (on-demand services) business line for the first time. The group's adjusted EBITDA also jumped 137 percent year-on-year, crossing the Rp1 trillion mark for the first time.
This increase in fintech performance was reflected in a 447 percent surge in adjusted EBITDA to Rp481 billion. Growth was driven by the monthly active user (MTU) base, which has now reached 28.8 million customers, generating a total of 2.4 billion transactions. In addition, GoPay's digital lending business recorded a 58 percent growth in its portfolio to Rp11 trillion, with credit risk management remaining secure.
Meanwhile, on-demand business lines like Gojek continued to show stable performance, recording net revenues of Rp3.6 trillion and adjusted EBITDA of Rp464 billion. GoTo's management is currently anticipating the impact of the implementation of the Ministry of Transportation's new regulation regarding an 8 percent application commission cap, which took effect in July 2026. Nevertheless, management remains optimistic that the full-year group adjusted EBITDA target in the range of Rp3.2 to Rp3.4 trillion can still be achieved.
In addition to operational performance, GoTo's annual transacting user (ATU) base also grew by 19 percent to reach 71 million users. As part of strategic steps to strengthen its capital structure, GoTo plans to carry out a corporate action to cancel more than 32 billion treasury shares, or equivalent to 2.7 percent of total outstanding shares, which will be proposed in the upcoming Extraordinary General Meeting of Shareholders (EGMS).
