GGTKY Q3 2025 Earnings

Call Details

• Call Title: Goto Gojek Q3 2025 Earnings Call
• Date: October 29, 2025 at 12:00 PM UTC
• Management Team:
  • Patrick Walujo (President Director and Group CEO)
  • Simon Ho (Group CFO)
  • Catherine Hindra Sutjahyo (Deputy CEO and Vice President Director)
  • Hans Patuwo (Group Chief Operating Officer and President of On Demand Services)
  • Sudhanshu Raheja (President of Financial Technology Services)
  • Joel Ellis (Head of Investor Relations)

Call Summary

Financial Performance

• Adjusted pre-tax profit reached 62 billion rupiah (approximately $3.7M), the first time the group generated a positive adjusted pre-tax result.
• Adjusted EBITDA was 516 billion rupiah (approximately $30.9M), representing an increase of 239% year-on-year.
• Adjusted free cash flow was 247 billion rupiah (approximately $14.8M) for the quarter, defined as adjusted operating cash flow less capital expenditures.
• Group net revenue grew 21% year-on-year to 4.7 trillion rupiah (approximately $284M).
• FinTech net revenue grew 55% year-on-year to 1.5 trillion rupiah (approximately $92M) and fintech adjusted EBITDA was 136 billion rupiah (approximately $8.2M).
• On-demand services net revenue grew 10% year-on-year to 3.2 trillion rupiah (approximately $192M) while ODS adjusted EBITDA was 336 billion rupiah (approximately $20.1M).
• Core GTV grew 43% year-on-year to 102.8 trillion rupiah (approximately $6.2B) for the group.
• As of September 30, 2025, the group held 18 trillion rupiah (approximately $1.1B) in cash, cash equivalents, and short-term deposits.

Guidance

• Full-year adjusted EBITDA guidance was raised from a prior range of 1.4–1.6 trillion rupiah to a new range of 1.8–1.9 trillion rupiah (approximately $108M–$113M).
• Both major business units, FinTech and On-Demand Services, were stated to be on track to comfortably exceed their individual guidance communicated in prior quarters.
• The company expects Q3 to represent a bottom for on-demand services GTV and expects improvements beginning in Q4 and continuing into 2026.
• The consumer loan book is on track to exceed a prior full-year target of at least 8 trillion rupiah (approximately $480M).
• No consolidated guidance on net revenue or core GTV trajectory for full year 2026 was provided on the call.
• No explicit numeric targets were provided for take rate, cost per incremental trip, or CAC payback in the updated guidance.