Indonesia's GoTo sees 2026 earnings growth, but watching oil price volatility: CFO

Core Insights - The company is optimistic about its financial performance in 2026, expecting adjusted EBITDA to increase by over 60% year-on-year to between 3.2 trillion and 3.4 trillion rupiah [2] - The company acknowledges the current market volatility, particularly concerning oil prices, which could impact its guidance if the situation worsens [3][4] - The fintech sector is growing rapidly, with a significant increase in consumer loans and a low non-performing loan (NPL) ratio of about 0.7% [7][9] Financial Performance - The company reported a record adjusted EBITDA of 2 trillion rupiah (approximately 120 million USD) for 2025, exceeding previous guidance [2] - The user base grew by 30% in 2025, indicating strong demand and market penetration potential in Indonesia [9] - The loan book has expanded by 70%, reaching around half a billion USD, showcasing robust growth in the fintech segment [9] Market Conditions - The company is closely monitoring oil prices and geopolitical events, particularly in the Middle East, as these factors introduce uncertainty into the global economy [3][4] - Conversations with ride-hailing partners indicate concerns about potential fuel price hikes affecting margins, highlighting the sensitivity of the business to external economic factors [5][6] Strategic Direction - The company is not necessarily pivoting entirely to fintech but is developing two engines of growth: ride-hailing and fintech services [10] - The fintech business is expected to contribute significantly to profitability, potentially equaling the adjusted EBITDA from on-demand services in the near future [8][9]