PT Goto Gojek Tokopedia Tbk (FRA:CK8)

Q2 2026 GoTo Gojek Tokopedia PT Tbk Earnings Call Transcript

Jul 29, 2026 / 12:00 PM GMT

Release Date Price: €0.0015

Transcript

Key Points

Positve

PT Goto Gojek Tokopedia Tbk (GTOFF) reported a net income of Rs 252 billion in Q2 2026, marking the second consecutive quarter of net profit with a 47% increase quarter-on-quarter.
Adjusted EBITDA more than doubled year-on-year, exceeding RMB1 trillion for the first time, indicating strong operational efficiency.
Annual transacting users increased by 19% year-on-year, reaching 71 million, showcasing robust user growth.
Fintech services achieved profitability, with adjusted EBITDA surpassing that of on-demand services for the first time.
The company maintained its full-year group adjusted EBITDA guidance, reflecting confidence in its financial outlook despite regulatory changes.

Negative

The introduction of an 8% commission cap on two-wheel passenger transportation services led to an adverse adjusted EBITDA impact of approximately RMB300 billion.
The company's share price has been at the RP52 floor for almost three months, reflecting market challenges and regulatory impacts.
Margins for the two-wheel transportation business deteriorated due to the new commission cap, impacting unit economics negatively.
The Indonesian equity market has been challenging, with a 30% decline year-to-date, affecting overall investor sentiment.
Macroeconomic headwinds, including inflation and interest rate hikes, pose risks to consumer confidence and spending, potentially impacting future growth.

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

GOTO.JK - GoTo Gojek Tokopedia PT Tbk
Q2 2026 GoTo Gojek Tokopedia PT Tbk Earnings Call
Jul 29, 2026 / 12:00PM 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 GOTO GOJEC Tokopedia TBK Second 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 Chief Executive Officer, and Simon Ho, Group Chief Financial Officer, will deliver prepared remarks. Following their commentary, we will open up the call for questions and be joined by Catherine Himdrasochayo, our Deputy Chief Executive Officer and Vice President Director, and Sugaju Rahedja, our Group Chief Operating Officer, along with members of GOTU's Board of Directors.

We would like to highlight that the

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