GoTo Group has reported its first-ever net profit of Rp171 billion for the first quarter of 2026, driven largely by growth in its financial services and consumer lending businesses.

The Indonesian tech company reversed a net loss of Rp367 billion from the same period last year, while net revenue rose 26% year-on-year to Rp5.3 trillion.

The company’s fintech division was a major contributor to the GoTo Q1 2026 earnings performance.

Monthly transacting users for financial services increased 33% year-on-year to 27.5 million, driving more than two billion transactions during the quarter.

Fintech net revenue climbed 58% year-on-year to Rp1.9 trillion, supported by growth in outstanding consumer loans and steady payment transaction volumes.

GoPay drives loan expansion

The GoPay app accelerated growth in outstanding loan principal, which rose 59% year-on-year to Rp9.9 trillion.

The company said credit quality remained stable despite rapid loan growth, attributing this to its data-driven risk management capabilities.

“Achieving net profit for the first time in our history is a big moment for GoTo that demonstrates our business model is working,”

said Hans Patuwo, Chief Executive Officer, GoTo Group.

He added that the company would continue investing in products and business capabilities to support long-term growth.

Beyond fintech, GoTo reported 4% year-on-year growth in on-demand services gross transaction value.

The company also generated Rp288 billion in ecommerce service fees from Tokopedia.

Group adjusted EBITDA rose 131% year-on-year to Rp907 billion, while the company also recorded positive adjusted free cash flow of Rp1.3 trillion.

GoTo maintained its full-year adjusted EBITDA guidance of Rp3.2 trillion to Rp3.4 trillion, citing expectations of continued growth and improving profitability throughout 2026.

Featured image credit: Edited by Fintech News Indonesia, based on image by sweetmaroonstudio via Magnific