PT GoTo Gojek Tokopedia Tbk (GoTo), Indonesia’s largest digital ecosystem, has confirmed its 2025 adjusted EBITDA target of Rp 1.4 trillion ($86.89 million) to Rp 1.6 trillion and says it is on track to meet its full-year goals.
The firm said in a statement on Thursday that it has set new records for group core gross transaction value (GTV), net revenue, EBITDA, and adjusted EBITDA, demonstrating the firm’s strong execution and the resilience of its integrated ecosystem.
According to the statement, GoTo maintained strong momentum in its topline, with group core GTV hitting Rp 89.8 trillion, a 43 percent year on year increase.
GoTo’s total gross transaction value (GTV) rose 26% from last year to Rp 152.9 trillion, while net revenue grew 23% to Rp 4.3 trillion.
Its adjusted EBITDA reached Rp 427 billion, up Rp 491 billion from last year. EBITDA was positive for the third quarter in a row at Rp 292 billion, an improvement of Rp 874 billion year on year.
These gains came from higher revenue and better cost control.
For the first time, profit from operations turned positive at Rp 21 billion, and the company cut its net loss by 77% to Rp 222 billion. Adjusted operating cash flow was also positive at Rp 313 billion, showing strong business performance.
GoTo has a strong cash position, with Rp 18.2 trillion ($1.1 billion) in cash, cash equivalents, and short-term deposits as of June 30, 2025.
The company expects to keep growing and stay profitable by using the strength of its ecosystem and is confident it will meet its targets.
“In the second quarter, we set new records, as group core GTV, net revenue1, EBITDA and adjusted EBITDA all reached new highs,
“Our investments in technology infrastructure, including our successful cloud migration, combined with rapid progress in our artificial intelligence (AI) strategy, have removed bottlenecks and position us well for future growth,” said Patrick Walujo, GoTo Group Chief Executive Officer.
“We remain firmly on track to meet our guidance as we seek to create a sustainable, customer-centric, technology business that supports the livelihoods of countless driver-partners and merchants across Indonesia,” he added.
Meanwhile, Simon Ho, GoTo Group Chief Financial Officer, said the firm’s second-quarter results underscore the strength of its operating model and the disciplined execution of its strategy.
“We delivered record group adjusted EBITDA of Rp 427 billion and positive adjusted operating cash flow of Rp 313 billion, supported by meaningful top-line growth and improved cost efficiency across the ecosystem,
“As we scale, we’re unlocking operating leverage and applying strict financial discipline to sustain profitability, while driving long-term shareholder value,” he added.
The company’s financial technology division posted a record adjusted EBITDA of Rp 88 billion, up Rp 256 billion from last year, thanks to more user activity and successful partnerships.
Its on-demand services also hit a record adjusted EBITDA of Rp 328 billion, up 264% year on year, driven by better ecosystem integration, premium services, and creating more value for merchants.
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