Jakarta -
There is talk of a business merger or merger between PT GoTo Gojek Tokopedia Tbk (GOTO) and Grab. This news was revealed by Minister of State Secretary Prasetyo Hadi, Friday (10/11/2025).
In the merger discourse, the Government opened up the possibility of involvement by the Investment Management Agency (BPI) Daya Anagata Nusantara (Danantara). However, there is no further explanation regarding Danantara’s future role in this project.
Responding to this, GOTO’s Legal Director and Group Corporate Secretary, R. A Koesoemohadiani, emphasized that there has been no decision to merge with Grab. He also ensured that every GOTO step was carried out in accordance with the law.
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“Until now there has been no decision or agreement regarding this matter. Every step taken by GoTo will always comply with the laws and regulations that apply to public companies, while still prioritizing the creation of long-term value for shareholders and safeguarding the best interests of driver partners, MSME partners, customers and all stakeholders,” said Koesoemohadiani in his written statement, Monday (10/11/2025).
He explained that his party welcomed the government’s efforts to strengthen the national digital ecosystem. The Company is also committed to supporting and complying with government regulations to build an efficient, fair and sustainable industry.
Currently GOTO is in the strongest position in recent years. This is supported by the company’s strategic plan and sustainable progress in profitability.
For your information, GoTo managed to record an adjusted profit before tax for the first time of IDR 62 billion. Profit before tax is calculated using the current period’s loss as a basis, adding income tax expense, and the net loss portion of PT Tokopedia.
Through this achievement, GoTo raised its 2025 adjusted EBITDA guidance from IDR 1.4-1.6 trillion to IDR 1.8-1.9 trillion reflecting strong performance across all main segments.
“We are very grateful for this achievement and grateful for the support and trust of driver partners, MSME partners and consumers throughout Indonesia which made this achievement possible. The company’s current focus remains on execution so that it can achieve strategic targets to create long-term value for shareholders and the entire GOTO ecosystem,” he said.
Danantara Merger and Involvement Discourse
Previously, the Minister of State Secretary, Prasetyo Hadi m, revealed the big talk about the GOTO-Grab merger. This merger was previously discussed because both of them control the online transportation market share in Indonesia.
“Yes. That’s the plan,” said Prasetyo at the Presidential Palace Complex, Central Jakarta, Friday (7/11/2025).
However, when asked whether the merger was carried out using a merger or acquisition scheme from one of the parties, Prasetyo admitted that there had been no decision yet. He also admitted that he had not set a target for completing the merger.
On the other hand, Prasetyo said Danantara would likely be involved in the merger project. Even so, he was reluctant to explain further what Danantara would do in the process.
He emphasized that this merger project will not create a monopoly. Prasetyo said that the corporate action was carried out so that the company could run optimally with healthy competition.
“The aim is nothing else. The aim is for everyone so that this company continues to run. After all, this company is a service that creates quite a large workforce of our brothers and sisters who are partners. And now we realize that motorbike taxis are economic heroes, driving the economy. So the main aim is in that direction,” he concluded.
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