Pt Goto Gojek Tokopedia Tbk · IDX:GOTO

Pt Goto Gojek Tokopedia Tbk — GoTo Gojek Tokopedia PT — Q1 2026 Earnings Presentation

31 slides from Pt Goto Gojek Tokopedia Tbk's earnings presentation, Apr 28, 2026

  1. Slide 1: 1Q 2026 Results

    1Q 2026 Results April 2026

  2. Slide 2: Disclaimer & Cautionary Statements

    Disclaimer & Cautionary Statements Forward-Looking Statements This document may contain forward-looking information or forward-looking statements including, but not limited to discussions of strategy, future plans and indicative financial performance (collectively, “forward-looking information”). Fo

  3. Slide 3: Key Strategic Focus; Financial and Operating Highlights; Reconciliations; Appendix

    Key Strategic Focus Financial and Operating Highlights Non-IFAS Reconciliations Appendix 3

  4. Slide 4: First-Ever Net Profit

    First-Ever Net Profit IDR 171 Billion 4

  5. Slide 5: Maintaining our FY26 Guidance

    Maintaining our FY26 Guidance FY26 Group Adjusted EBITDA1 IDR 3.2-3.4 Trillion FY26 ODS IDR 1.7-1.8 FY26 Fintech IDR 1.4-1.5 Adjusted EBITDA1 Adjusted EBITDA1 Trillion Trillion 1 For the definition of operating and financial metrics, please refer to the Appendix 5

  6. Slide 6: Group: Strong Start Toward Achieving Full-Year Adj. EBITDA Guidance

    Group: Strong Start Toward Achieving Full-Year Adj. EBITDA Guidance Group Adjusted EBITDA1,2 (IDR billions) +131% YoY 907 +131% YoY Growth 672 516 427 393 Group 326 Annual Transacting Users1 152 69m Users (102) (64) +22% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 YoY Growth 1 For the definition of

  7. Slide 7: Expanding Scale and Engagement Drive Strong Top-Line Momentum

    Expanding Scale and Engagement Drive Strong Top-Line Momentum Group Core GTV1 Group Net Revenue2 (IDR trillions) (IDR trillions) +65% +26% YoY Growth YoY Growth 138 124 5.3 5.0 4.7 103 4.2 4.2 4.3 3.9 90 83 3.5 79 72 3.1 63 54 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 1Q24 2Q24 3Q24 4Q24 1Q25 2Q2

  8. Slide 8: Fintech: Continued Rapid Growth in Profitability

    Fintech: Continued Rapid Growth in Profitability Fintech Adjusted EBITDA1 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 (IDR billions) +674% YoY +674% 364 YoY Growth 226 136 88 47 14 (65) (168) (248) 1 For the definition of operating and financial metrics, please refer to the Appendix 8

  9. Slide 9: Scaling Up Top-Line Growth

    Scaling Up Top-Line Growth Fintech Core GTV1 Fintech Net Revenue (IDR trillions) (IDR trillions) +72% +58% YoY Growth YoY Growth 1.9 130.6 116.3 1.7 1.5 95.3 1.4 1.2 82.2 1.2 76.1 71.6 0.99 64.6 56.2 0.77 48.4 0.64 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25

  10. Slide 10: Continued GoPay App Success Drives Users and Transactions Growth

    Continued GoPay App Success Drives Users and Transactions Growth Fintech Fintech Monthly Transacting Users1 Transactions (in billions) +33% +84% (millions of users) YoY Growth 27.5 26.2 24.2 +84% 2.0 22.4 20.2 20.6 18.8 17.4 15.8 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 1Q26 1 For the defin

  11. Slide 11: Strong User Growth and Engagement Drive Accelerated Lending

    Strong User Growth and Engagement Drive Accelerated Lending Loan Book 9.9 1,2 Total Loans Outstanding 9.1 +59% (IDR trillions) YoY Growth 8.0 7.0 6.2 5.7 4.7 3.8 3.1 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 1 While previous quarters reported only consumer loans, current and historical figures ha

  12. Slide 12: Stable Portfolio Quality with Low NPLs

    Stable Portfolio Quality with Low NPLs in IDR trillions Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Current 5.53 6.21 6.94 7.88 8.49 Loan Aging Schedule1 Overdue: 1-30 days past due 0.16 0.20 0.24 0.25 0.28 31-90 days past due 0.24 0.24 0.28 0.36 0.40 >90 days past due 0.08 0.05 0.06 0.08 0.07 Total 6.01 6.7

  13. Slide 13: On-Demand Services: Adjusted EBITDA Grows 40% to 439 Billion Rupiah

    On-Demand Services: Adjusted EBITDA Grows 40% to 439 Billion Rupiah +40% YoY 1 439 ODS Adjusted EBITDA 415 (IDR billions) 336 +40% 314 328 YoY Growth 267 166 156 90 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 1.2% 0.6% 0.9% 1.6% 2.0% 2.0% 2.0% 2.3% 2.7% As % of GTV 1 For the definition of operating

  14. Slide 14: 12% Net Revenue Expansion and 4% GTV Growth

    12% Net Revenue Expansion and 4% GTV Growth ODS GTV1 ODS Net Revenue2 (IDR trillions) (IDR trillions) +4% +12% YoY Growth YoY Growth 17.1 17.7 3.4 16.3 16.4 16.7 16.3 3.4 15.7 3.2 15.1 3.1 3.0 3.0 2.9 13.4 2.6 2.3 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1

  15. Slide 15: Developing Products and Services that Help Our Customers

    Developing Products and Services that Help Our Customers Two Groups of Consumers Affluent Mass Market Driver-Partners Speed Cost-Effective Convenience Predictability Merchants Build Capabilities to serve our Customers 15

  16. Slide 16: Progressing well in the Affluent Segment

    Progressing well in the Affluent Segment Continued Growth in our Very High-Spending1 Cohort Driven by our Premium Products, such as Food Express +18% +84% Very Food Express High-Spending1 Completed Users YoY Orders YoY 1 Very High Spending Users are users who spend more than 2.5 million Rupiah per m

  17. Slide 17: Enhancing Tech Capabilities

    Enhancing Tech Capabilities Cloud Migration COMPLETED AI Transformation ON PROGRESS Cloud Cost Driving Down Cost to Serve Cost to process each transaction >60% YoY Increasing Conversion % of active users transacted across per transaction our apps each month 17

  18. Slide 18: Key Strategic Focus

    Key Strategic Focus Financial and Operating Highlights Non-IFAS Reconciliations Appendix 18

  19. Slide 19: 1Q26 Group Key Operating Metrics

    1Q26 Group Key Operating Metrics Group GTV1 Group Net Revenue Group Adjusted EBITDA1 IDR trillions IDR trillions IDR billions +63% +26% +131% Year on Year Year on Year Year on Year 907 236.3 5.3 5.0 211.7 4.7 4.2 4.3 672 176.5 152.9 Core GTV1 516 144.6 +65% 427 YoY 393 Core GTV Core GTV 137.7 Core G

  20. Slide 20: 1Q26 Fintech Key Operating Metrics

    1Q26 Fintech Key Operating Metrics Fintech GTV1 Fintech Net Revenue Fintech Adjusted EBITDA1 IDR trillions IDR trillions IDR billions +66% +58% +674% Year on Year Year on Year Year on Year 230.2 1.9 364 205.0 1.7 170.0 1.5 146.3 Core GTV1 1.4 138.4 1.2 226 +72% Core GTV YoY Core GTV 130.6 116.3 136

  21. Slide 21: 1Q26 On-Demand Services Key Operating Metrics

    1Q26 On-Demand Services Key Operating Metrics ODS GTV1 ODS Net Revenue ODS Adjusted EBITDA1 IDR trillions IDR trillions IDR billions +4% +12% +40% Year on Year Year on Year Year on Year 3.4 3.4 439 16.7 17.7 3.2 415 15.7 16.4 16.3 3.0 3.0 328 336 314 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26

  22. Slide 22: 1Q26 On-Demand Services Mobility and Delivery

    1Q26 On-Demand Services Mobility GTV1 Net Revenue Adjusted EBITDA1,2 IDR trillions IDR trillions IDR billions -3% +8% +26% Year on Year Year on Year Year on Year 6.3 6.5 0.86 275 280 5.9 6.0 0.80 0.81 5.7 0.75 0.73 222 183 190 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q2

  23. Slide 23: Financial Updates

    Financial Updates E-commerce Adj. Free Service Fee1 Cash Flow3 (IDR billions) IDR 1.3 Trillion IDR 288 Billion or or USD 74 Million2 288 USD 17 Million2 1Q 2026 1Q 2026 217 211 199 193 Cash Balance4 IDR 23.0 Trillion or USD 1.4 Billion2 As of end of March 2026 1Q25 2Q25 3Q25 4Q25 1Q26 1 Excluding VA

  24. Slide 24: Non-IFAS Reconciliations

    Key Strategic Focus Financial and Operating Highlights Non-IFAS Reconciliations Appendix 24

  25. Slide 25: Group Adjusted EBITDA reconciliation

    Group For Three Months Ended Adjusted 2026 Mar 31 2025 EBITDA Profit/(loss) before income tax 347 (272) reconciliation Add/(Deduct): Finance income (151) (156) Interest expenses 186 118 In IDR Billions, unless otherwise stated Foreign exchange gain, net (61) (109) Share of net losses/(profits) in as

  26. Slide 26: Segment Adjusted EBITDA reconciliation

    Segment For Three Months Ended Mar 31, 2026 Adjusted On-demand services Financial technology eCommerce Corporate cost Total consolidated EBITDA Segment profit/(loss) from operations 357 130 256 (325) 418 reconciliation Add/(Deduct): Depreciation and amortization expenses 48 134 0 13 195 In IDR Billi

  27. Slide 27: Adjusted Free Cash Flow

    Adjusted For Three Months Ended Mar 31 Free Cash 2026 2025 Flow Net cash generated from operating activities 1,062 301 Add/(Deduct): In IDR Billions, Financing and lending disbursed to users, net 756 532 unless otherwise stated Proceeds from users net-off with payments to merchants, service provider

  28. Slide 28: Appendix

    Key Strategic Focus Financial and Operating Highlights Non-IFAS Reconciliations Appendix 28

  29. Slide 29: Key Result in 1Q26

    Key Result in Group 1Q25 2Q25 3Q25 4Q25 1Q26 YoY 1Q26 GTV¹ Core GTV¹ 144,560 83,221 152,873 89,759 176,484 102,845 211,732 124,022 236,316 137,685 63% 65% Net Revenue 4,231 4,328 4,736 5,027 5,341 26% In IDR Billions, Adjusted EBITDA¹ 393 427 516 672 907 131% unless otherwise stated Financial Techno

  30. Slide 30: Appendix: Non-IFAS Measures

    Appendix Non-IFAS Measures ● Adjusted EBITDA is calculated beginning with profit/(loss) before income tax and adjusting for (i) depreciation and amortization expenses; (ii) finance income; (iii) interest expenses; (iv) loss on impairment of assets of disposal group classified as held for sale; (v) l

  31. Slide 31: Go Together, Go Far

    Go Together, Go Far

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