Management of PT GoTo Gojek Tokopedia Tbk. (GOTO) stated its respect for the strategic decision taken by TikTok as the controlling shareholder of Tokopedia. The internal reorganization step, which includes lay-offs (PHK), is ensured not to shake GOTO's operational stability or financial fundamentals.
GoTo Corporate Secretary, R.A. Koesoemohadiani, emphasized that the financial and non-financial impact of this policy remains on a very limited scale. This stability is maintained thanks to the deconsolidation scheme applied since the beginning of the year, positioning Tokopedia as a separate entity from its parent's financial consolidation.
Since January 2024, GoTo's ownership in Tokopedia has been diluted to 24.99 percent. Based on the provisions of Financial Accounting Standards (PSAK) 228, GoTo accounts for the investment using the equity method. This mechanism acts as a buffer so that net profit and loss fluctuations arising from Tokopedia's internal policies do not directly weigh on the company's core performance.
Furthermore, management guarantees that the revenue stream from e-commerce service fees received by GoTo from Tokopedia will continue as normal in accordance with previously agreed commercial agreements. With these considerations, GoTo affirmed that it will not take specific intervention steps regarding this restructuring process.
Currently, GoTo chooses to remain focused on developing its core business lines and maintaining its investment portfolio. The company also confirmed there are no plans for sudden changes or corporate actions regarding its shareholding status in PT Tokopedia in the near future.
