JAKARTA, Thekabarnews.com—PT GoTo Gojek Tokopedia Tbk (GOTO) reported a net profit of Rp257.94 billion in the first quarter of 2026. This marks the company’s first profit since its establishment.

The milestone is momentous for one of Indonesia’s biggest software companies. It has been struggling with years of losses and has gone through harsh restructuring to boost operational efficiency and long-term profitability.

The company’s profit in the first quarter was a stark contrast to the same period in 2025. At that time, it had a net loss of Rp367 billion.

It credited the positive performance to robust revenue growth and increased operational rigor throughout GOTO’s main business sectors.

For the first quarter of 2026, the company’s net revenues increased by 26 percent year-on-year, reaching Rp 5.34 trillion. This is up from Rp 4.23 trillion in the same period last year.

This comes as it monetizes its wider digital ecosystem better, including ride-hailing, food delivery, e-commerce, and financial services. GOTO said adjusted EBITDA rose 131 percent to Rp907 billion, and net profit also rose.

The excellent EBITDA performance is a steady development toward the company’s full-year 2026 adjusted EBITDA guidance of Rp3.2 trillion to Rp3.4 trillion.

This is a giant milestone for GOTO. In particular, this figure is important for financial observers due to the tough competition in Southeast Asia’s innovation and platform economy.

The company has spent the last two years concentrating on cost reduction, consolidation, and margin improvement. It prioritized these over growth at the expense of profitability.

This strategic decision appears to be yielding benefits. The first time profitability is not symbolic. Moreover, it is a sign of increased financial discipline and a more sustainable growth plan.

The turnaround story of GOTO has been widely watched by investors. This is especially true because shareholders urged the company to cut its losses and improve its long-term economic fundamentals.

The company’s strong earnings might also help restore investor confidence in Indonesia’s broader digital economy sector. For years, concerns about profitability plagued this sector, even though it experienced rapid user growth.

As one of the largest listed IT companies in the country, GOTO’s financial recovery is likely to have a significant impact. This will affect the region’s startup and public market scene.

GOTO Management said the priority going forward will be sustainable profitability while also investing in innovation and retaining customers.

Today’s findings suggest that GOTO is entering a new phase that is less about survival and more about building financial strength over the long term.

The company’s first net profit is a powerful signal. It shows that scale and profitability can coexist in Indonesia’s fast-moving IT digital economy.

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