Indonesia's leading tech firm, PT GoTo Gojek Tokopedia, has announced its first full-year underlying profit, signaling a positive outlook as it forecasts a sharp increase in earnings for 2025. The company reported a narrowing of its losses to $334 million in 2024, with fourth-quarter losses reduced to $56 million. GoTo's adjusted EBITDA has surged, reflecting its confidence amid intensifying competition from rivals like Grab. The firm also indicated that it remains open to a potential merger with Grab, aiming to strengthen its market position in the ride-hailing and food delivery sectors.