GOTO Announces Rp3.5 Trillion Buyback to Boost Shareholder Value

• GOTO plans a Rp3.5 trillion buyback to strengthen capital management and shareholder value.

• GOTO’s buyback will not exceed 10% of its issued and paid-up capital, supported by sufficient financial resources.

By Emirsyah Kevin Mecca, Attala Sabian Andhika, Maria Ella Risandra Puruhita, Nashwah Putri Az-Zahra

May 15 2026, at 16:30 GMT+7

GOTO announced a Rp3.5 trillion share buyback funded entirely by internal cash reserves. The company will seek shareholder approval during its Extraordinary General Meeting of Shareholders scheduled for (06/18).

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If approved, the buyback program will begin on (06/19) and continue until 2027, giving the company a maximum period of 12 months to execute the repurchase.

As of March 2026, GOTO held Rp22.7 trillion in cash and cash equivalents, an amount management considers sufficient to support the buyback program without disrupting operations and liquidity. The share buyback aims to provide greater flexibility in capital management, including optimizing its capital structure.

GOTO Illustration | Source: CNBC Indonesia

According to GOTO management, "The share buyback is also expected to support the potential for better returns for shareholders in the future.” They also expect the program to support a share price that appropriately reflects its true fundamental value while enhancing potential long-term returns for shareholders.

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Following its first-ever net profit in March 2026, GOTO recorded basic earnings per share (EPS) of Rp0.24. The company was listed on the Indonesia Stock Exchange in 2022 with an Initial Public Offering (IPO) price of Rp338 per share, raising around Rp13.5 trillion through its IPO.

However, since its market debut, GOTO shares have never traded above the Rp400 level. As of April 2026, GOTO’s free float stood at 71.3%, with Andre Soelistyo, Kevin Bryan Aluwi, William Tanuwijaya, and Melissa Siska Juminto among its controlling shareholders and beneficial owners.

GOTO Announces Buyback | Source: IDX Channel

The company stated that the total number of shares to be repurchased will not exceed 10% of its issued and paid-up capital, including existing treasury shares currently held by the company. As of (04/30), GOTO held approximately Rp39.29 billion treasury shares, equivalent to 3.3% of the company’s issued and paid-up capital.

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The company also stated that the buyback will not significantly affect revenue, as its working capital and cash reserves remain sufficient to support the corporate action.

To execute the buyback program, GOTO appointed PT Ciptadana Sekuritas Asia to conduct share repurchases through trading activities on the Indonesia Stock Exchange throughout the buyback period. The implementation of the share buyback will remain in accordance with the provisions outlined under POJK Regulation No. 29/2023.

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Sources:

Bloomberg Technoz

CNBC Indonesia

IDN Financials