GOTO – 9M25 beat, profitability turn confirmed

GOTO – 9M25 beat, profitability turn confirmed GoTo Gojek Tokopedia (GOTO) delivered its first adjusted pre-tax profit of IDR62 bn in 3Q25, supported by record adjusted EBITDA of IDR516 bn (+20.8% qoq, +276% yoy) and positive free cash flow of IDR247 bn, resulting a higher FY25 EBITDA guidance upgrade to IDR1.8–1.9 tn (from IDR1.4–1.6 tn). FinTech remained the key profitability driver with net revenue +55% yoy to IDR1.5 tn, underpinned by +76% yoy loan growth to IDR7.6 tn. On-Demand Services also posted strong leverage with EBITDA of IDR336 bn (+115% yoy), reflecting strong margins. With IDR18 tn cash on hand and further cloud-migration savings, GOTO’s profitability turnaround is seen to be structural and sustainable. (Source : Company)