GoTo Gojek Tokopedia Tbk. (GOTO) Announces Rp3.5 Trillion Share Buyback Program
JAKARTA — Technology issuer PT GoTo Gojek Tokopedia Tbk. (GOTO) has revealed plans for a significant share buyback program, allocating Rp3.5 trillion over the next year. This strategic move aims to enhance shareholder value and optimize capital management for the company.
In a filing with the Indonesia Stock Exchange (IDX), GOTO announced that the share repurchase will take place over a period not exceeding 12 months, commencing from the date of the Extraordinary General Meeting of Shareholders (EGMS) that approved the buyback on June 19, 2026, and concluding on June 18, 2027. The total allocated fund for this buyback initiative is capped at Rp3.5 trillion.
The company further clarified that the number of shares to be repurchased will not exceed 10% of GOTO’s issued and paid-up capital, including treasury shares currently held. As of April 30, 2026, GOTO’s treasury shares amounted to 39.29 billion, representing 3.30% of its total issued and paid-up capital.
GOTO outlined several key reasons behind this buyback decision. Primarily, the program is designed to provide GOTO with greater flexibility in capital management, including the optimization of its capital structure. Furthermore, the company anticipates that the share buyback will enable the stock price to more accurately reflect its true fundamental value. This initiative is also expected to bolster the potential for improved returns for shareholders in the future.
Earlier this year, GOTO’s President Director and Chief Executive Officer (CEO), Hans Patuwo, mentioned that the company had already spent a total of US$140 million on buybacks since the beginning of 2024. He emphasized GOTO’s commitment to maintaining a comfortable and relatively high cash level to ensure flexibility in seizing emerging opportunities and responding to competitive pressures.
Complementing this, GOTO’s Director and Chief Financial Officer (CFO), Simon Ho, stated that the company currently holds approximately US$1.4 billion in gross cash. He expressed confidence in the strengthening fundamentals of GOTO’s core business, highlighting the continuous improvement in its adjusted free cash flow.
“As the company becomes increasingly profitable and generates larger cash flows, we aim to systematically and sustainably return capital to shareholders through share buybacks,” Simon Ho remarked. “Therefore, we are actively reviewing a broader capital allocation strategy to drive long-term value creation for our shareholders.” He also indicated that share buyback activities in the coming quarters could surpass those of previous periods.
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Summary
PT GoTo Gojek Tokopedia Tbk. (GOTO) has announced a significant share buyback program valued at Rp3.5 trillion to enhance shareholder value and optimize capital management. Scheduled to run for 12 months starting June 2026, the program will cover up to 10% of the company’s issued and paid-up capital. This initiative aims to ensure the stock price more accurately reflects GOTO’s fundamental value while providing greater flexibility in managing its capital structure.
The company currently maintains a strong financial position with approximately US$1.4 billion in gross cash and improving adjusted free cash flow. Management emphasized that this robust cash level allows GOTO to systematically return capital to shareholders while remaining competitive in the market. This buyback plan follows a previous expenditure of US$140 million on similar initiatives already conducted throughout 2024.