Jakarta, IDN Times – PT GoTo Gojek Tokopedia Tbk (GOTO) is set to initiate a share buyback program starting in mid-2026. The execution of this plan is scheduled to take place within a 12-month window following the Extraordinary General Meeting of Shareholders (EGMS) approval, specifically running from June 19, 2026, to June 18, 2027.
The company intends to repurchase a maximum of 10 percent of its issued and paid-up capital, a figure that includes the treasury shares currently held by the company. As of April 30, 2026, GoTo’s treasury stock stood at 39,290,078,403 shares, equivalent to 3.30 percent of its total issued and paid-up capital.
GoTo Allocates Rp3.5 Trillion for Buyback
According to an information disclosure released on Tuesday, May 12, 2026, the buyback will be funded entirely through the company’s internal cash reserves. GoTo has earmarked a maximum of Rp3.5 trillion for this initiative. This budget encompasses all associated transaction costs, brokerage fees, and other expenses related to the share repurchase process.
GoTo has explicitly stated that the funds utilized for this buyback are not derived from public offering proceeds, nor are they sourced from any form of loans or debt obligations. This ensures that the capital allocation remains robust and independent of external financial liabilities.
Strategic Objectives Behind the Buyback
The company has outlined several key considerations and strategic goals for embarking on this share buyback program. First and foremost, the move aims to provide the company with greater flexibility in capital management, allowing for the optimization of its overall capital structure.
Secondly, GoTo anticipates that the buyback will help the company’s share price better reflect its true fundamental value. Finally, the company believes this program will ultimately support the potential for enhanced value returns for shareholders in the long term.
Buyback Execution Methods
The share repurchase will be conducted through the Indonesia Stock Exchange (IDX) as well as off-exchange transactions. For repurchases executed via the IDX, GoTo has officially appointed PT Ciptadana Sekuritas Asia to facilitate the process throughout the designated buyback period.
In related developments, the state-owned investment management agency, Danantara, recently acquired a portion of GOTO shares. GoTo Corporate Secretary, RA Koesoemohadiani, confirmed that Danantara’s acquisition through an IDX transaction represented less than 1 percent of the company’s total issued shares. This activity has garnered significant attention, prompting discussions in the House of Representatives (DPR) regarding the nature of Danantara’s investment and the broader implications for the company’s stock.
Summary
PT GoTo Gojek Tokopedia Tbk (GOTO) has announced a share buyback program scheduled to run from June 19, 2026, to June 18, 2027. The company plans to allocate a maximum of Rp3.5 trillion from its internal cash reserves to repurchase up to 10 percent of its issued and paid-up capital. This initiative will be executed through both the Indonesia Stock Exchange, with the assistance of PT Ciptadana Sekuritas Asia, and off-exchange transactions.
The strategic move is intended to provide greater flexibility in capital management, align the share price with the company’s fundamental value, and enhance long-term shareholder returns. GoTo emphasized that the funding is sourced independently without utilizing public offering proceeds or debt. The announcement coincides with recent interest from the state-owned investment agency, Danantara, which acquired a minority stake in the company.
