GoTo Swings to H1 2026 Profit, Revenue Up 28%

Gotrade News - GoTo, the Indonesian technology group behind Southeast Asia's leading ride-hailing, e-commerce, and fintech super-app, posted a first-half 2026 net profit of Rp607.48 billion (roughly US$37 million), reversing a Rp580.01 billion net loss a year earlier. According to ANTARA News, GOTO's H1 2026 profit came alongside net revenue of Rp10.99 trillion, up 28.45% year-on-year from Rp8.55 trillion, per GoTo's official disclosure to the Indonesia Stock Exchange (IDX). For international readers, GoTo runs Gojek (ride-hailing and delivery), Tokopedia (e-commerce), and GoPay (payments and lending), making it Indonesia's answer to the regional super-app model that peers like Grab (GRAB) and Sea (SE) pursue across the region.

The result marks GoTo's first back-to-back profitable half, a milestone the company held even as it absorbed a new 8% application commission on Gojek two-wheeler rides and kept its full-year adjusted EBITDA guidance intact.

Key Takeaways

• GoTo swung to a Rp607.48 billion H1 2026 net profit from a Rp580.01 billion loss a year earlier.
• Net revenue rose 28.45% to Rp10.99 trillion, with adjusted Group EBITDA topping Rp1 trillion for the first time.
• A new 8% ride-hailing commission trimmed On-Demand guidance, but full-year Group EBITDA guidance held at Rp3.2 to 3.4 trillion.

Adjusted Group EBITDA more than doubled year-on-year and exceeded Rp1 trillion for the first time, according to ANTARA News. Operating profit turned positive at Rp781.88 billion, reversing a Rp171.60 billion operating loss, as reported by Kompas. "We recorded net profit for two consecutive quarters, with adjusted Group EBITDA more than doubling year-on-year and exceeding Rp1 trillion for the first time," said Group CEO Hans Patuwo. Total assets stood at Rp47.47 trillion as of June 30, 2026.

Revenue by Segment

Growth was broad across the group's business lines, per GoTo's IDX disclosure. Delivery Services revenue rose 16.48% to Rp3.2 trillion, while Service Fees reached Rp3.15 trillion. Lending was the standout, with loans disbursed up 64.67% year-on-year to Rp2.7 trillion, supporting a fintech segment strong enough to prompt a guidance upgrade. Tokopedia e-commerce service fees climbed 32.3% to Rp550.72 billion, advertising added Rp254.45 billion, and other revenue contributed Rp1.12 trillion.

8% Commission Trims On-Demand Guidance

A new 8% application commission on Gojek two-wheeler rides took effect July 1, 2026 under Indonesia's Ministry of Transportation Decision No. 532/2026, according to ANTARA News. The regulatory change is a familiar pressure point for on-demand platforms globally, echoing the commission and gig-economy debates that have shaped margins at operators like Uber (UBER). GoTo responded by lowering On-Demand Services guidance to Rp1.4 to 1.5 trillion, from Rp1.7 to 1.8 trillion previously, while raising Fintech guidance to Rp1.7 to 1.8 trillion, from Rp1.4 to 1.5 trillion. Crucially, the offsetting moves left the group's headline full-year adjusted Group EBITDA guidance unchanged at Rp3.2 to 3.4 trillion.

The reshuffle underscores a strategic tilt toward fintech, where surging lending volume is picking up the slack from regulated on-demand economics. For investors tracking the Southeast Asian digital economy, GoTo's back-to-back profitability signals that the region's super-app model can reach sustainable earnings even under tightening local regulation.

Sources:

• GoTo posts Rp607.5 billion net profit in H1 2026 (ANTARA News)
• GOTO posts Rp607 billion profit, revenue up 28 percent (Kompas)