Indonesia's GoTo Group Surpasses EBITDA Targets with $118M in 2025, Projects Explosive 2026 Growth

Indonesian tech powerhouse GoTo Group, the parent of Gojek and Tokopedia, announced an adjusted EBITDA of Rp2 trillion ($118 million) for 2025, beating its guidance of Rp1.8-1.9 trillion.

The fourth quarter of 2025 marked the company's strongest performance yet, with adjusted EBITDA reaching Rp672 billion.

Impressive Growth Across Key Metrics

Full-year core gross transaction value (GTV) climbed to Rp400 trillion, reflecting a robust 49 percent year-on-year increase.

In Q4 alone, core GTV surged 57 percent year-on-year to Rp124 trillion, underscoring accelerating momentum.

Net revenue for the full year rose 24 percent to Rp18.3 trillion, while Q4 revenue grew 19 percent to Rp5 trillion.

Annual transacting users expanded 24 percent to 66 million, highlighting GoTo's expanding reach in Indonesia's digital economy.

Path to Profitability in Core Segments

The financial technology segment achieved adjusted EBITDA of Rp497 billion for 2025, a turnaround from a Rp467 billion loss in 2024.

The on-demand services segment delivered Rp1.4 trillion in full-year adjusted EBITDA, more than doubling from the previous year.

GoTo's journey since the 2021 merger of Gojek and Tokopedia has transformed it from pandemic-era losses to sustained profitability.

CEO Hans Patuwo projected 2026 adjusted EBITDA between Rp3.2 trillion and Rp3.4 trillion, signaling 59-69 percent growth.

This performance positions GoTo Group as a leader in Southeast Asia's tech recovery, with potential to dominate ride-hailing and e-commerce markets.