PT GoTo Gojek Tokopedia (GOTO) investor relations material

Executive summary

• Achieved second consecutive quarter of net profit, with net income of IDR 252 billion in 2Q26, up 47% quarter-on-quarter, and net profit attributable to owners for H1 2026 was Rp607,491 million, reversing a prior year loss.

• Adjusted EBITDA more than doubled year-on-year, surpassing IDR 1 trillion for the first time, up 137% year-on-year.

• Core GTV surged 83% to IDR 164 trillion, and group net revenue grew 31% year-on-year to IDR 5.7 trillion.

• Annual transacting users reached 71 million, up 19% year-on-year.

• The Group exceeded its 2025 profitability guidance, driven by revenue growth, improved operating leverage, and strategic partnerships in e-commerce.

Financial highlights

• Net revenue for H1 2026 reached Rp10,994,113 million, up 28.5% year-on-year, with gross profit of Rp781,884 million.

• Group GTV reached IDR 271.4 trillion, up 78% year-on-year.

• Adjusted EBITDA increased 137% year-on-year to just over IDR 1 trillion.

• Cash and cash equivalents rose to Rp23,464,625 million at June 2026, with adjusted free cash flow for 2Q26 at IDR 809 billion.

• Net cash provided by operating activities was Rp1,724,410 million, a significant improvement from the prior year.

Outlook and guidance

• Full-year group adjusted EBITDA guidance maintained at IDR 3.2–3.4 trillion.

• Fintech segment guidance raised to IDR 1.7–1.8 trillion; on-demand services guidance lowered to IDR 1.4–1.5 trillion due to the 8% commission cap.

• Management remains confident in long-term growth, citing strong ecosystem engagement and ongoing investments in infrastructure and AI.

• Strategic focus includes expanding fintech user base, growing the loan book, and enhancing operational efficiency.

• Expect continued net profit and positive operating profit for the remainder of the year, barring external impacts.