GoTo-backed Indonesia-listed digital bank Bank Jago more than doubled its profit in 2025, as stronger lending growth and higher fee income boosted earnings.
Bank Jago reported a net profit after tax of 276 billion rupiah ($16.3 million) for the full year 2025, a 115% increase from the previous year’s 129 billion rupiah ($7.62 million) in 2024. In Q4 2025, it recorded a net profit after tax of 77 billion rupiah ($4.55 million), up 79% from 43 billion rupiah ($2.5 million) a year earlier. This marked the bank’s highest quarterly profit for the year.
The bank attributed the improvement to sustained growth in its lending and funding base, as well as higher interest income.
The improvement in profitability was supported by a surge in interest-based earnings. Net interest income climbed 59% year-on-year to 2.47 trillion rupiah, while fee-based income rose 57% to 455 billion rupiah, bringing total operating income to about 2.9 trillion rupiah in 2025.
The bank also maintained steady financial indicators, reporting a net interest margin of 8.4% for the year, while return on assets stood at 1.1%. Its non-performing loan ratio remained relatively low at 0.6%, though slightly higher from 0.2% a year earlier.
“We are seeing a strong relationship between customer growth and the increase in deposits. This reflects that more customers are trusting and using Bank Jago’s products and services as part of managing their finances,” Bank Jago CEO Arief Harris Tandjung said in a statement on Thursday.
Bank Jago’s balance sheet continued to expand alongside its earnings growth. Customer deposits rose 38% year-on-year to 25.9 trillion rupiah ($1.53 billion), while loan balances increased by the same pace to 24.3 trillion rupiah ($1.43 billion) at the end of 2025 from 17.7 trillion rupiah ($1 billion) previously.
The loan growth was supported by multiple strategic initiatives, including digital ecosystem players, multifinance companies, and other financial institutions. The bank has also rolled out direct application-based lending through the Jago Dana Cepat product.
Bank Jago reported 18.2 million KYC-verified customers in 2025, up from 15.3 million a year earlier. Of the total, around 14.2 million are funding consumers using the Jago app and its sharia unit.
Looking ahead, the bank has been rolling out new product features, including biometric authentication for transactions and expanded foreign currency services linked to its Visa card, while securing a $100-million syndicated term loan facility arranged by UOB Ltd, Singapore, as sole coordinator in December 2025 to diversify its funding base.
