GGTKY Q1 2026 Earnings

Call Details

• Call Title: Goto Gojek Q1 2026 Earnings Call
• Date: April 28, 2026 at 12:00 PM UTC
• Management Team:
  • Joel Ellis (Head of Investor Relations)
  • Hans Patuwo (President Director and Group CEO)
  • Simon Ho (Group CFO)
  • Catherine Hindra Sutjahyo (Deputy CEO and Vice President Director)
  • Sudhanshu Reheja (Group COO)

Call Summary

Financial Performance

• GoTo reported net income of R171 billion in Q1 2026, reversing a net loss of R367 billion in Q1 2025.
• Adjusted EBITDA for the quarter was R907 billion, which represents 131% year-on-year growth.
• Consolidated net revenue grew 26% year-on-year to R5.3 trillion, or $314 million at the disclosed exchange rate.
• FinTech net revenue increased 58% year-on-year to R1.9 trillion, and FinTech adjusted EBITDA reached R364 billion, up 674% year-on-year.
• On-demand services net revenue rose 12% year-on-year to R3.4 trillion, while on-demand adjusted EBITDA increased 40% year-on-year to R439 billion.
• Adjusted free cash flow was R1.3 trillion in Q1 2026, and cash, cash equivalents and short-term deposits totaled R23 trillion, or $1.4 billion.

Guidance

• Full-year adjusted EBITDA guidance was maintained at R3.2 to R3.4 trillion despite Q1 adjusted EBITDA already at R907 billion.
• Management stated they are being conservative on guidance due to global macro and geopolitical uncertainty, particularly in the Middle East and oil price volatility.
• CFO expressed confidence that if global conflict does not become overly prolonged, GoTo could achieve or exceed the current adjusted EBITDA guidance.
• No new quantitative guidance was provided for GTV, loan book growth, or mobility/delivery volumes for the remainder of 2026.
• Management explicitly declined to provide specific loan book growth guidance for 2026 and said they will provide updates when macro conditions permit.
• Management indicated potential tactical support to growth (e.g., temporary incentive spending) may be used zone-by-zone but emphasized the objective of sustainable, profitable growth.