GOTO REACHES PROFITABILITY MILESTONE

The profitability milestone represents a major turning point for GoTo, which has long competed with regional rival Grab Holdings in Southeast Asia's mobility and delivery markets. The company's path to net income reflects a strategic shift toward operational efficiency. Cost reduction initiatives have targeted overhead expenses and streamlined service offerings across GoTo's ride-hailing and food delivery divisions. GoTo's first net income comes as the company continues navigating a competitive landscape marked by regulatory pressures and changing consumer behavior in key markets. The result provides momentum for the Jakarta-listed company as it pursues growth opportunities while maintaining financial discipline. The achievement signals that GoTo's business model can generate profits at scale, a critical validation for investors concerned about the sustainability of its dual-platform strategy in Indonesia and other Southeast Asian markets.