The financial technology arm of PT GoTo Gojek Tokopedia (GOTO) posted robust growth in the third quarter of 2025, marking a significant turnaround in profitability and reinforcing its position as one of Indonesia’s leading digital finance platforms.

Operating under GoTo Financial (GTF), which oversees payment and lending services through GoPay, the fintech segment recorded Rp1.54 trillion (US$93.3 million) in net revenue, up 55 percent year-on-year (YoY).

Core Gross Transaction Value (GTV) rose 48 percent YoY to Rp95.3 trillion (US$5.78 billion) while adjusted EBITDA swung to a positive Rp136 billion (US$8.24 million) from a Rp65 billion (US$4.1 million) loss in the same period last year.

The turnaround marks a crucial step for GoTo as it seeks to solidify its footing in Indonesia’s increasingly competitive fintech landscape while advancing its long-term vision of a fully integrated digital economy platform.

The strong performance was driven by rapid expansion in both digital payments and consumer lending.

GoPay processed over 500 million transactions per month as of September 2025, up 54 percent YoY, while its monthly transacting users (MTU) reached 24 million, representing 29 percent growth.

Meanwhile, GoPay’s lending products, GoPay Pinjam and GoPay Later, recorded a 76 percent surge in total disbursements, reaching Rp7.6 trillion. The company noted that GoPay is now focusing on two core user segments: the affluent market, where spending is driven by travel and digital entertainment, and the mass market, which benefits from fee-free transfers and widespread QRIS payment adoption.

The fintech division’s strong showing also boosted GoTo Group’s overall profitability.

In the third quarter, GoTo reported an adjusted Group EBITDA of Rp516 billion, representing a 239 percent increase YoY, while adjusted pre-tax profit turned positive at Rp62 billion, the first in the company’s history.

GoTo said the milestone underscores its successful push toward financial discipline, operational efficiency, and revenue diversification within its digital financial ecosystem.

“Our fintech business continues to deliver scalable growth and sustainable margins. GoPay’s deep integration into daily consumer transactions is strengthening GoTo’s path to profitability,” the company stated in its report.