Mynt Inc., parent company of GCash, reported record revenue and net income in the third quarter of 2026, as growth in payments and lending helped offset market headwinds.
The company generated P24 billion in adjusted revenue in the three months to September, up 16.6 percent year on year. Nine-month revenue rose 12.2 percent to P67.1 billion, accelerating from 9.8 percent growth in the first half.
Net income for January to September increased 17.4 percent to P16.5 billion, compared with 7.3 percent growth in the first six months. The nine-month net income margin stood at 24.5 percent.
The results follow Mynt’s Philippine Stock Exchange debut, after an IPO that could raise P60.9 billion if the overallotment option is fully exercised. The offering was the country’s largest IPO and Southeast Asia’s biggest since 2021, according to Dealogic. Mynt debuted as the exchange’s seventh-largest listed company by market capitalization.
Growth was supported by a larger, more active customer base. GCash averaged 42.1 million monthly active users in the third quarter, up 9.7 percent year on year. Daily average transactions reached 64.4 million in the first nine months, a 16 percent increase.
Payment Solutions processed P15.1 trillion in gross transaction value during the period, up 23.1 percent. CreditTech’s loan portfolio expanded 43.3 percent to P79.3 billion, with 7.8 million active borrowers. Its non-performing loan ratio was 4.8 percent at end-September, unchanged from the previous quarter.
“We believe the success of our business is rooted in our vision of Finance for All. From the onset, we set out to solve everyday pain points that Filipinos experience, from streamlining payment transactions to providing access to fair lending. The same vision has proven that there is good business in doing good,” Mynt Chief Financial Officer Evelyn Ng said.
She said the company sees further growth opportunities in payments and lending, adding that its PSE listing would allow more Filipinos to share in its growth.
Operating expenses rose in line with revenue, while seasonally higher costs and most one-off IPO expenses are expected to be booked in the fourth quarter.
The results underscore demand for digital financial services, but the sustainability of lending growth and asset quality will remain important tests as Mynt expands.
