Indonesia's GoTo posts first full-year underlying profit, eyes strong growth for 2025

Reuters

Wed, Mar 12, 2025, 3:19 AM 1 min read

(Reuters) -Indonesia's biggest tech steadfast PT GoTo Gojek Tokopedia connected Wednesday forecast a crisp summation successful its underlying net for 2025, portion besides reporting its archetypal full-year underlying nett for past year.

GoTo, which offers ride-hailing, nutrient deliveries, logistics and fiscal services, forecast halfway earnings, oregon adjusted EBITDA, of betwixt 1.4 trillion rupiah and 1.6 trillion rupiah ($85.16 cardinal and $97.32 million) for the existent year.

It swung to an underlying nett of 327 cardinal rupiah for 2024, from a nonaccomplishment of 3.670 trillion rupiah past year.

The firm's fiscal exertion segment, whose net jumped 70% past year, is expected to grow further successful 2025 arsenic the idiosyncratic basal for its GoPay app and its indebtedness publication grows, the institution said.

($1 = 16,440.0000 rupiah)

(Reporting by Aaditya Govind Rao successful Bengaluru; Editing by Shailesh Kuber)