Jakarta. Indonesian tech conglomerate GoTo Gojek Tokopedia (GOTO) reported a pre-tax profit of Rp 62 billion ($3.4 million) in the third quarter of 2025, marking its first profit since the company’s formation.

GoTo was established through the merger of ride-hailing firm Gojek and e-commerce platform Tokopedia, creating Indonesia’s largest digital ecosystem spanning on-demand services, payments, and online retail.

The results signal a significant milestone for GoTo, which has undergone multiple restructuring and cost-efficiency measures since its 2021 merger to improve financial resilience and operational synergy.

Following the positive result, the company raised its adjusted EBITDA guidance for 2025 from Rp 1.4–1.6 trillion to Rp 1.8–1.9 trillion, citing stronger performance across its key business segments.

GoTo’s net revenue for the third quarter reached Rp 4.74 trillion, up 21 percent year on year from Rp 3.93 trillion. For the first nine months of 2025, net revenue rose 14 percent to Rp 13.3 trillion.

Group CEO Patrick Walujo said the company continues to deliver growth while improving profitability, aligning with its long-term vision to become a world-class technology platform.

“Through this momentum, we are raising our full-year adjusted group EBITDA guidance, reaffirming our confidence in our ability to generate sustainable growth and long-term value for all stakeholders,” Patrick said in a statement on Wednesday.