That means profit and loss has improved 41 percent in the past year, making the company’s cash flow healthier.
GoTo’s cash position and balance sheet remain solid with Rp26.7 trillion in cash and credit facilities of around Rp4.65 trillion.
“We are optimistic that we will achieve positive operational cash flow without additional external funding,” he said.
BCA Sekuritas analyst, Fahkrul Arifin, assessed that GoTo’s efforts have been seen since the second quarter of 2022.
GoTo has consistently minimized expenses and driven increased monetization through tariff adjustments, and launched new products with higher margins.
“This first quarter performance is a good footing and turn around momentum for GoTo in accelerating profitability,” he said.
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