GOTO - PT. GoTo Gojek Tokopedia Tbk

Rp 55

+4 (+8,00%)

JAKARTA – Shareholders of  PT GoTo Gojek Tokopedia Tbk (GOTO) agreed upon the allocation of IDR 32 trillion worth of budget to repurchase the issued shares (buyback). GOTO was seen at IDR 53 per share, already down 620.75% from the closing position during its debut day on the stock market, at IDR 382 per share, on April 11, 2022.

Based on IDNFinancials data today (12/6), the shares reportedly reached 1.20 trillion with controlling shareholders owning 5.42% of the shares, and non-controllers dominate another 94.58%.

Outstanding shares (free float shares) clock up to 940.13 billion with 354,557 shareholders. The ultimate beneficial shareholders are Andre Soelistyo (0.56%), Kevin Bryan Aluwi (0.27%), Melissa Siska Juminto (0.09%), and William Tanuwijaya (1.05%), all of which owns series A and B shares.

In Extraordinary General Meeting of Shareholders yesterday (11/6), shareholders also approved the resignation of Andre Soelistyo as Commissioner of GOTO, as well as the grant of series B shares and multiple voting shares (MVS) to Patrick Sugito Walujo, President Director of GOTO.

In December 2023, this issuer reported revenue of IDR 14.78 trillion, up from IDR 11.34 trillion seen in 2022. However, its loss doubled to IDR 90.63 trillion, swelling from the previous IDR 40.40 trillion.

In Q1 2024, its current assets were recorded at IDR 29.06 trillion, including cash and cash equivalent of IDR 20.31 trillion. Then, its total equity was IDR 35.16 trillion, with total liabilities and equity of IDR 47.73 trillion. Its loss, thankfully, was only IDR 937.10 billion, a significant improvement from a loss of IDR 3.89 trillion in Q1 2023. (LK/ZH)