PT Goto Gojek Tokopedia Tbk (FRA:CK8)

Q1 2026 GoTo Gojek Tokopedia PT Tbk Earnings Call Transcript

Apr 28, 2026 / 10:59 AM GMT

Release Date Price: €0.0025

Transcript

Key Points

Positve

PT Goto Gojek Tokopedia Tbk (GTOFF) achieved a net profit for the first time, with a net income of 171 billion rupiah, marking a significant turnaround from a net loss of 367 billion rupiah in the same period last year.
The company experienced a 22% increase in its annual transacting user base, reaching 69 million users.
Core Gross Transaction Value (GTV) rose by 65% year-on-year, indicating strong growth in transaction volumes.
The fintech business showed robust growth, with adjusted EBITDA increasing by 674% year-on-year, driven by a 58% growth in net revenue.
PT Goto Gojek Tokopedia Tbk (GTOFF) maintained a low Non-Performing Loan (NPL) ratio below 1%, demonstrating effective credit risk management.

Negative

Growth in the mass market segment is not meeting expectations, particularly in the mobility sector, which experienced negative growth.
The company faces ongoing macroeconomic uncertainties, including potential impacts from high oil prices and inflationary pressures.
Despite achieving profitability, PT Goto Gojek Tokopedia Tbk (GTOFF) chose to maintain conservative guidance due to global uncertainties.
The on-demand services segment saw only a 4% year-on-year growth in GTV, which is below the company's targets.
Competition in the digital wallet and food delivery spaces remains intense, with challenges from competitors like Shopee Food.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GOTO.JK - GoTo Gojek Tokopedia PT Tbk
Q1 2026 GoTo Gojek Tokopedia PT Tbk Earnings Call
Apr 28, 2026 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone. This is Joel Ellis, Head of Investor Relations.

Welcome to the PT's GOTO GOJEC Tokopedia TBK First Quarter 2026 Earnings Conference.

Please be advised that today's conference is being recorded.

On today's call, Hans Patuo, our President, Director and Group CEO, and Simon Ho, Group CFO, will deliver prepared remarks.

Following their commentary, we will open up the call for questions and be joined by Catherine Himgre-Suchayo, our Deputy CEO and Vice President Director, and Sudhanshu Raheja, our Group COO, along with members of GOTU's Board of Directors.

We would like to highlight that the information presented today has been prepared solely based on unaudited,

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