GOTO CFO says positive net income not too far away

GOTO CFO says positive net income not too far away

Indonesian tech giant GoTo, parent company of Gojek and Tokopedia, has made significant strides in reducing its losses and improving financial performance in the first half of 2025. The company reported a substantial 73.6% decrease in losses to 742 billion rupiah, compared to 2.81 trillion rupiah in the same period last year [1]. This impressive turnaround can be attributed to a 10.7% year-on-year increase in net revenue to 8.56 trillion rupiah, along with a 7.7% decrease in expenses to 8.73 trillion rupiah [1].

GoTo's Chief Financial Officer, Simon Ho, recently stated that the company's positive adjusted EBITDA of 820 billion rupiah in H1 2025 and a positive adjusted operating cash flow of 313 billion rupiah underscore the strength of its operating model and disciplined strategy execution [1]. The company's core GTV (Gross Transaction Value) also surged by 43% year-over-year to 89.8 trillion rupiah, indicating robust growth in its key revenue streams [1].

In addition to financial performance, GoTo has been investing heavily in technology infrastructure and AI strategies. The successful completion of a complex cloud migration project in Q2 2025 is expected to cut annual cloud spending by more than 50% while improving agility and time-to-market for new features [1]. Furthermore, the establishment of new tech hubs in China is anticipated to accelerate the company's product roadmap and enhance engineering capabilities [1].

While GoTo has yet to achieve positive net income, the company's recent financial performance and strategic initiatives suggest that profitability is within reach in the near future. Simon Ho expressed confidence in the company's ability to meet its full-year 2025 group adjusted EBITDA guidance of 1.4–1.6 trillion rupiah, assuming current market conditions [1].

References:
[1] https://www.dealstreetasia.com/stories/goto-earnings-452892