Jakarta, October 29, 2026 – PT GoTo Gojek Tokopedia Tbk (“the Company” or “GoTo Group”, IDX: GOTO), the parent company of Gojek and GoPay, today reported a third consecutive quarter of net profit¹, achieved amid a challenging period.

During the quarter, net profit reached Rp441 billion, compared with a net loss of Rp255 billion a year earlier, while Core GTV⁵ increased by 89% YoY to Rp194 trillion, and net revenue increased by 17% YoY to Rp5.6 trillion.

Hans Patuwo, GoTo Group CEO, said: “In the third quarter of 2026, we delivered another quarter of net profit, our third in a row. We are also raising our adjusted EBITDA guidance for 2026 to Rp3.5-3.7 trillion. These results came during a challenging few months. It was the first full quarter since the 8% commission cap was applied to GoRide, and the impact has been significant.”

“The Company remains focused on operational discipline and capital allocation. We have undertaken two initiatives to return further value to shareholders. First, we will cancel 32 billion treasury shares, as recently approved at our EGMS. This will reduce the number of shares outstanding by 2.7% and increase the ownership percentage of existing shareholders. Second, we continue to buy back our shares, as we see significant value in our stock.”

“We will continue to keep our business fundamentals healthy. A healthy business allows us to keep growing and to support everyone in our ecosystem, including millions of driver-partners. We continue to expand our Partner Appreciation Program, so that more driver-partners and their families can benefit, from BPJS health and employment cover to scholarships and fully funded Umrah pilgrimages.”

Key Highlights

GoTo Group

• Net profit reached Rp441 billion in the quarter, a third consecutive quarter of net profit, as operating income reached Rp351 billion. 
• Annual Transacting Users (ATUs)⁹ grew 16% YoY to 72.5 million.
• Core GTV grew 89% YoY to Rp194 trillion.
• Net revenue rose 17% YoY to Rp5.6 trillion.
• Group adjusted EBITDA³ increased by 84% YoY to Rp950 billion, after absorbing the first full quarter of the 8% commission cap on two-wheel transport¹⁰.
• Group adjusted free cash flow¹² increased by 389% YoY to Rp1,209 billion.
• E-commerce service fee from Tokopedia reached Rp235 billion.
• Full-year adjusted EBITDA guidance raised to Rp3.5-3.7 trillion, from Rp3.2-3.4 trillion previously
  • Fintech guidance raised to Rp1.9-2.0 trillion, from Rp1.7-1.8 trillion previously.
  • ODS guidance range widened to Rp1.4-1.6 trillion, from Rp1.4-1.5 trillion previously, allowing for future regulations, including implementing regulations for delivery services from the Ministry of Communication and Digital Affairs.
  • This reflects the continued outperformance of Fintech and early signs of growth in On-demand Services.
• At GoTo’s Extraordinary General Meeting of Shareholders on October 14, 2026, shareholders approved the cancellation of 32 billion treasury shares, representing approximately 2.7% of shares outstanding. The shares will be formally cancelled within the next 2-3 months after completion of the required regulatory process, increasing ownership percentage for every shareholder.

• Additionally, since the Indonesia Stock Exchange’s removal of the Rp50 floor price on September 28, 2026, GoTo has bought back almost 3% of the Company’s total stock, deploying Rp985 billion to purchase 36 billion shares as of Oct 29, 2026. Rp2.5 trillion remains available under its current buyback authorisation, which runs through to June 2027. 
  

On-demand Services (Gojek)

• Completed orders¹¹ grew 9% YoY, driven by the Company’s strategy to increase its reach in the mass market, while GTV2,7 grew slower, by 1% YoY to Rp16.9 trillion. This is due to the lower order values of mass market products, combined with changes to GoRide pricing following the implementation of the 8% commission cap.
• Adjusted EBITDA4 rose 3% YoY to Rp347 billion, even after absorbing the first full quarter of the new commission rate on GoRide, on net revenue of Rp3.3 trillion.
• In Mobility, completed orders grew 10% YoY on higher frequency as mass market initiatives started scaling up, while adjusted EBITDA was Rp159 billion, down 16% YoY, with margin at 2.5%, down 50 basis points. The decline was due to the 8% commission cap.
• The impact of the 8% commission cap on GoRide stood at approximately Rp150 billion for the quarter, which is in line with the Rp300 billion full-year guidance given in July. Performance in GoRide, which turned adjusted EBITDA negative in July, has improved and is trending towards break-even. 
• In Delivery, completed orders grew 7% YoY while adjusted EBITDA rose 20% YoY to Rp227 billion, and margin expanded 33 basis points to 2.1%, as mass market scaling brought more frequent, smaller orders.
• The Presidential Regulation on the protection of the digital platform-based transport ecosystem, which was made available in October, formalises the 8% commission cap on two-wheel transport and classifies driver-partners as micro-entrepreneurs. For delivery services, the Company awaits implementing regulations from the Ministry of Communication and Digital Affairs.

Fintech (GoPay)

• Monthly Transacting Users (MTUs)⁸ reached 30.4 million, up 26% YoY, while transactions grew faster at 86% YoY to 2.8 billion, indicating deepening engagement. Core GTV rose 96% YoY to Rp187 trillion.
• Adjusted EBITDA reached Rp550 billion, up 304% YoY, as net revenue grew 49% YoY to Rp2.3 trillion, and the business continued to benefit from operating leverage.
• Deepening customer engagement also drove lending growth, with loans outstanding principal6 up 51% YoY to Rp12 trillion.
• As indicated last quarter, the Company pre-emptively tightened credit for its highest-risk cohorts in the second quarter, which limited the deterioration in credit quality in the third quarter. The Company remains focused on lending carefully and responsibly to users within its ecosystem, while the short tenor of its loans allows underwriting to be adjusted quickly as conditions change. 

2026 Company Outlook

GoTo is raising its full-year adjusted EBITDA guidance to Rp3.5-3.7 trillion, from Rp3.2-3.4 trillion previously.

The Company is raising Fintech guidance to Rp1.9-2.0 trillion, from Rp1.7-1.8 trillion, and widening the On-demand Services guidance range to Rp1.4-1.6 trillion, from Rp1.4-1.5 trillion, reflecting continued performance while allowing for future regulations relating to the 8% commission cap. 

This outlook reflects the Company's preliminary estimates as per current market conditions and remains subject to various risks including competition, cost inflation, macroeconomic uncertainty and other variables which are beyond the Company’s control.

GoTo is the largest digital ecosystem in Indonesia. GoTo's mission is to 'empower progress' by offering technology infrastructure and solutions that help everyone to access and thrive in the digital economy.
The GoTo ecosystem provides a wide range of services, including mobility, delivery, payments, financial services, and technology solutions for merchants. The ecosystem also provides e-commerce services through Tokopedia and banking services through its partnership with Bank Jago.

Forward-Looking Statements 
This document may contain forward-looking information or forward-looking statements including, but not limited to discussions of strategy, future plans and indicative financial performance (collectively, “forward-looking information”). Forward-looking information is based on the management’s current expectations, estimates, projections, and assumptions. While considered reasonable, these are subject to significant risks and uncertainties, including business, economic, competitive and other factors. Forward-looking information is not a guarantee of future performance, and undue reliance should not be placed on them as a basis for making any investment decision as they involve known and unknown risks, uncertainties and other factors (including the risks and uncertainties in GoTo’s consolidated financial statements and Management’s Discussion and Analysis available on the GoTo website), that may cause the actual or future results to differ materially from those expressed or implied by such forward-looking information. Any estimates, investment strategies or views expressed in this document are based upon current market conditions, and/or data and information provided by unaffiliated third parties, and are subject to change without notice. GoTo Group has not independently verified any information obtained from third-party sources, which may impact the accuracy of the assumptions made and conclusions drawn. Except as required by law, GoTo Group disclaims any obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise. Readers are cautioned not to put undue reliance on this forward-looking information, which should not be viewed, in and of itself, as any basis for making any investment decision.

Non-IFAS Financial Measures
GoTo Group uses a number of non-Indonesian Financial Accounting Standards (IFAS) financial measures including adjusted EBITDA and adjusted free cash flow, to understand and evaluate GoTo Group’s core operating performance. However, the definitions of GoTo Group’s non-IFAS financial measures may be different from those used by other companies, and therefore, may not be comparable. Furthermore, these non-IFAS financial measures have certain limitations in that they do not include the impact of certain expenses that are reflected in GoTo Group’s consolidated financial statements that are necessary to run GoTo Group’s business. Thus, these non-IFAS financial measures should be considered in addition to, not as substitutes for, or in isolation from, measures prepared in accordance with IFAS. 

Non-IFAS measurements are not intended to replace the presentation of GoTo Group’s financial results in accordance with IFAS. Rather, GoTo Group believes that the presentation of adjusted EBITDA and adjusted free cash flow provide additional information to investors to facilitate the comparison of past and present results, excluding those items that GoTo Group does not believe are indicative of GoTo Group’s ongoing operations due to their size and/or nature. Adjusted EBITDA and adjusted free cash flow presented herein may not be comparable to similarly entitled measures presented by other companies, who may use and define this measure differently. Accordingly, these non-IFAS measures should not be compared to those presented by other companies.

Consolidated Financial Information
GoTo Group has furnished the results of the three months ended September 30, 2026, June 30, 2026, March 31, 2026, December 31, 2025, and September 30, 2025, which have been prepared by and are the responsibility of management. The consolidated financial information for the three months ended September 30, 2026, June 30, 2026, March 31, 2026, December 31, 2025, and September 30, 2025, have not been audited, reviewed, examined, or had any procedures applied. Accordingly, there are no opinions or any other form of assurance expressed with respect to any and all consolidated financial information for the three months ended September 30, 2026, June 30, 2026, March 31, 2026, December 31, 2025, and September 30, 2025, presented in this document.

1. Profit for the period (including non-controlling interests). Profit for the period attributable to owners of the parent stood at Rp557 billion in 3Q26 and Rp1.16 trillion in 9M26 compared to a loss of Rp196 billion in 3Q25 and Rp776 billion in 9M25.

2. GTV means gross transaction value, an operating measure representing:

   1. the sum of the value of the transactions from On-demand Services and any additional fees such as tolls and tips.

   2. the sum of the total payments volume, or TPV processed through GoTo’s Financial Technology platform.

   3. the exclusion of inter-Company transactions between entities within the Company that are eliminated upon consolidation.

3. GoTo Group calculates the adjusted EBITDA, a non-IFAS financial measure, beginning with profit/(loss) before income tax and adjusting for (i) depreciation and amortization expenses; (ii) finance income; (iii) interest expenses; (iv) loss on impairment of assets of disposal group classified as held for sale; (v) loss on impairment of investment in associates and joint ventures; (vi) loss on impairment of goodwill; (vii) fair value adjustment of financial instruments; (viii) loss on impairment of intangible and fixed assets; (ix) share-based compensation cost; (x) foreign exchange loss/(gain), net; (xi) share of net (profits)/losses in associates and joint ventures; (xii) (gain)/loss on divestment and dilution of investments, net; (xiii) dividend income; and (xiv) non-recurring items.

4. Segment-specific adjusted EBITDA represents adjusted EBITDA for each segment and includes all revenue and costs directly attributable to the segment and allocated corporate cost.

5. Core GTV means GTV excluding merchant payment gateway GTV in Financial Technology.

6. Loans outstanding principal, or Loan book, includes both on and off balance sheet loans outstanding principal. Off-balance sheet loans represent loans originated by GoTo’s Financial Technology segment but funded through loan channelling arrangements with channelling partners. Loans outstanding principal includes both consumer and merchant lending books.

7. Within On-demand Services, Mobility includes the Company’s two-wheel and four-wheel online transportation businesses. Delivery includes online food delivery, on-demand logistics, and quick commerce businesses.

8. Financial Technology MTU means average unique Monthly Transacting Users who are using Financial Technology Services, on-platform or off-platform, over the stated period.

9. Annual Transacting Users (ATU) means the number of unique users who are using On-demand Services products, or Financial Technology Services, on-platform or off-platform, over the past twelve months as of the end of stated period. 

10. On July 1, 2026, a new commission structure came into effect based on the Minister of Transportation Decree No. 532 of 2026, covering Gojek’s two-wheel transportation business.

11. A transaction that has been successfully fulfilled or delivered to the user or destination.

12. Adjusted free cash flow is calculated starting with net cash generated from operating activities after adjusting for net financing and lending disbursed to users, and proceeds from users net of payments to merchants, service providers and lenders, and less cash flows related to capital expenditures.