PT GoTo Gojek Tokopedia Tbk, the largest digital ecosystem in Indonesia, announced Tuesday its 2025 first quarter financial results. The Company reached record adjusted EBITDA in its Fintech and On-Demand Services units, as well as sustained year-on-year (y-o-y) core gross transaction value (GTV) growth, highlighting GoTo’s strong product mix and strategic execution across its integrated ecosystem.

Group core GTV grew by 54 percent y-o-y to Rp83.2 trillion ($4.96 billion) , while Group GTV increased 24 percent y-o-y to Rp144.6 trillion. Net revenue increased by 37 percent y-o-y to Rp4.2 trillion. Group adjusted EBITDA remained strong at Rp393 billion versus a loss in 1Q24.

These results represent a strong baseline for the rest of the year that demonstrates the strength of GoTo’s
ecosystem and its ability to successfully navigate a changing market environment.

Patrick Walujo, GoTo Group CEO, said, “We’ve started the year with strong momentum, delivering another record-breaking and profitable quarter. This reflects the disciplined execution of our strategy and the strength
of our ecosystem model. We continue to optimize our customer base to include a strong cross-section of high
spending, premium users whose engagement is consistently resilient, providing greater stability to our
business.”

“At the same time, we’re enhancing our offerings across all segments — driven by continued product innovation and investments in technology — to deliver better experiences and fuel broader expansion. Together, these efforts extend our reach, improve profitability, and position us for long-term growth.”

Simon Ho, GoTo Group CFO, said, “We delivered continued growth and improved profitability across our business even though the month of Ramadan — a period when growth typically slows at the Group level — took place entirely within the first quarter this year. Our lending business continues to serve as a growth driver, with outstanding consumer loans increasing 108 percent year-on-year. In On-Demand Services, we posted our third consecutive quarter of margin improvement, while GTV improved 17 percent year on year. This strong start demonstrates the strength of our business and our ability to navigate macroeconomic challenges. We anticipate continued growth for the remainder of 2025 and remain confident that we can reach our full-year adjusted EBITDA target of Rp1.4 trillion to Rp1.6 trillion.”

On its company’s outlook, GoTo said it is on track for continuing growth and profitability, harnessing the value of its unique ecosystem. By tailoring its products for different demographics and user preferences while using its platform to deliver more targeted services across its user base, the Company expects to reach more people across Indonesia more efficiently.

GoTo currently expects full-year 2025 group adjusted EBITDA to be between Rp1.4 trillion and Rp1.6 trillion.
This outlook is based on current market conditions and reflects the Company’s preliminary estimates, which are all subject to various uncertainties and risks.

These include increasing market competition, which is expected to continue over future quarters, as well as cost inflation, macroeconomic conditions and other variables, the company added.

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