GoTo has reported a net profit of Rp252 billion for the second quarter of 2026.
Its digital financial services division out-earned the on-demand transport business for the first time, as GoTo adjusted its outlook following a new ride-hailing commission cap.
The parent company of Gojek and GoPay recorded a 31% year-on-year increase in net revenue to Rp5.7 trillion, while group adjusted EBITDA rose 137% to surpass Rp1 trillion.
Within the group, the fintech division led growth, with adjusted EBITDA rising 447% year-on-year to Rp481 billion and net revenue increasing 53% to over Rp2 trillion.
The performance pushed fintech profitability above the on-demand services division, which recorded adjusted EBITDA of Rp464 billion.
Stronger customer engagement supported lending growth, with outstanding loan principal rising 58% year-on-year to Rp11 trillion.
GoTo said credit quality remained stable, with steady delinquency and non-performing loan ratios. GoPay’s monthly transacting users also grew 29% to 28.8 million.
“Our fintech business continues to do well, with its profitability now exceeding that of our On-demand Services business for the first time, reflecting the strength and balance of our ecosystem,”
said Hans Patuwo, CEO of GoTo Group.
The change in the company’s profit mix follows the implementation of a new 8% commission cap on Gojek’s two-wheel transportation business under the Minister of Transportation Decree No. 532 of 2026.
Following the regulatory change, GoTo lowered its full-year adjusted EBITDA guidance for on-demand services to between Rp1.4 trillion and Rp1.5 trillion.
Meanwhile, the company raised its full-year adjusted EBITDA guidance for the fintech division to between Rp1.7 trillion and Rp1.8 trillion, citing continued outperformance.
GoTo maintained its overall full-year adjusted EBITDA guidance at Rp3.2 trillion to Rp3.4 trillion.
The company also announced plans to cancel over 32 billion treasury shares, representing approximately 2.7% of shares outstanding, subject to shareholder approval.
Featured image credit: Edited by Fintech News Indonesia, based on image by TheRainstep via Magnific
