PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has reaffirmed its 2025 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance of Rp1.4 trillion ($86.89 million)- Rp 1.6 trillion and remains on track to meet full-year targets.

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.

The group’s total GTV climbed to Rp 152.9 trillion, up 26 percent year on year, while net revenue grew 23 percent year on year to Rp 4.3 trillion.

Meanwhile, its adjusted EBITDA reached Rp 427 billion, an improvement of Rp 491 billion year on year.

Its EBITDA was also positive for the third consecutive quarter, reaching Rp 292 billion, an improvement of Rp 874 billion year on year.

These improvements resulted from stronger revenue performance and better cost management.

Its profit from operations1 also turned positive for the first time at Rp 21 billion as the group reduced its net loss by 77 percent year on year to Rp 222 billion.

The company also delivered positive adjusted operating cash flow10 of Rp313 billion, demonstrating the strength of its strategy and sustained momentum in the business.

It also maintains a solid cash position and balance sheet. As of June 30, 2025, it had Rp 18.2 trillion ($1.1 billion), in cash, cash equivalents and short-term deposits.

GoTo expects continued growth and profitability, leveraging the value of its unique ecosystem. It also remains confident in meeting 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 firm’s financial Technology achieved record adjusted EBITDA of Rp 88 billion, up Rp 256 billion year on year, driven by rising user engagement, and successful partnerships.

Its on-demand services also delivered record adjusted EBITDA of Rp 328 billion, up 264 percent year on year as the business focused on ecosystem integration, premium offerings, and merchant value creation.

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