GoTo cancels 32 billion treasury shares. IDR 26.7 trillion values GoTo Gojek Tokopedia stock

Published on 10/16/2026 at 10:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shareholders approved it on October 14, 2026. GoTo Gojek Tokopedia stock posted IDR 5.65 trillion in second-quarter revenue, up 31.00 percent.

Capital action and earnings context

GoTo canceled 32 billion treasury shares after the October 14, 2026 shareholder vote.
Second-quarter 2026 revenue reached IDR 5.65 trillion, up 31.00 percent year over year.
GoTo's market capitalization stood at IDR 26.7 trillion on October 16, 2026.
Analyst consensus was IDR 68.00 per share from 29 analysts on October 8, 2026.

GoTo, ID1000166903, Illustration mit AI erstellt.

GoTo Gojek Tokopedia (ISIN ID1000166903) secured shareholder approval to cancel 32 billion treasury shares at its October 14, 2026 extraordinary meeting, according to Tempo. The action represents 2.70 percent of outstanding shares, while GoTo's market capitalization stood at IDR 26.7 trillion on October 16, 2026.

Why the share cancellation matters

The canceled treasury shares came from buybacks conducted between June 12, 2024 and June 11, 2025. Tempo reported that shareholders also accepted Catherine Hindra Sutjahyo's resignation as deputy CEO and approved a reshaped board led by CEO Hans Patuwo.

The share count reduction can lift each remaining holder's proportional ownership and may increase earnings per share if net income stays constant. That is a structural effect, not a forecast of profit. GoTo's last quoted price was IDR 25.00 on the IDX on October 16, 2026 at 3:46 p.m. WIB, inside its IDR 23.00 to IDR 73.00 52-week range.

What does the latest quarter add?

GoTo reported IDR 5.65 trillion of revenue in the second quarter of 2026, up 31.00 percent from the same quarter a year earlier. The company also recorded adjusted group EBITDA of IDR 1.00 trillion for the quarter and guided to IDR 3.20 trillion to IDR 3.40 trillion for full-year 2026, according to Dagens Aktie.

That combination gives the cancellation a measurable earnings context. Revenue growth was accompanied by positive adjusted EBITDA, but the full-year guidance range remains the more important benchmark for judging whether the improvement extends beyond one quarter.

Three recent corporate steps

On October 1, 2026, GoTo was reported with IDR 28.00 per share and full-year adjusted EBITDA guidance of IDR 3.20 trillion to IDR 3.40 trillion by ChatNews.id. On October 8, 2026, Bloomberg Technoz reported a consensus target of IDR 68.00 from 29 analysts, with Citi at IDR 80.00 and Macquarie at IDR 48.00. On October 14, 2026, shareholders approved the cancellation of 32 billion treasury shares, the latest of the three events.

The timetable has one fixed date

The October 14, 2026 extraordinary meeting is the latest dated corporate milestone in the company record. The next investor test is the conversion of the second-quarter operating progress into full-year delivery, measured against the IDR 3.20 trillion to IDR 3.40 trillion adjusted EBITDA guidance.

Stock stays tied to execution

GoTo combines a 31.00 percent second-quarter revenue increase with a capital action that reduces the share count. The investment case therefore turns on whether adjusted EBITDA reaches the full-year range while the reshaped board executes its plan.

GoTo's last quoted price was IDR 25.00 on the IDX on October 16, 2026 at 3:46 p.m. WIB, and its market capitalization was IDR 26.7 trillion on that date.

Market context: Market report IDX Composite.

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