Indonesia's biggest tech firm PT GoTo Gojek Tokopedia on Wednesday posted its first full-year underlying profit, driven by strong growth in its financial technology segment.

The chief executive of Indonesian tech giant GoTo has not ruled out merging with rival Grab as he revealed the company’s first annual profit on Wednesday. GoTo, which runs the Gojek ride-hailing service and is part-owner of ecommerce platform Tokopedia,

GoTo, which offers ride-hailing, food deliveries, logistics and financial services, forecast core earnings, or adjusted EBITDA, of between 1.4 trillion rupiah and 1.6 trillion rupiah ($85.16 million and $97.

GoTo, which offers ride hailing, food deliveries, logistics and financial services, also forecast a surge in its core earnings, or adjusted EBITDA, the company's key measure of profitability. "We saw a significant increase in our user numbers throughout the year and expect this to continue into 2025,