GCash parent Mynt reports higher revenue, net income in 9M 2026

Detailed summary

Mynt, the parent of Philippine fintech giant GCash, reported higher revenue and net income in the first nine months of this year, buoyed by stronger growth in payments and…

Mynt, the parent of Philippine fintech giant GCash, reported higher revenue and net income in the first nine months of this year, buoyed by stronger growth in payments and lending.

In a statement, Mynt said its net income increased 17.4% year-on-year to 16.5 billion pesos (about $260 million) for the nine months ended September 30, 2026.

Revenue also rose 12.2% to 67.1 billion pesos during the period, accelerating from the 9.8% growth recorded in the first half of the year, Mynt said.

Its third-quarter revenue reached a record 24 billion pesos, up 16.6% from a year earlier, while nine-month earnings growth also accelerated from the 7.3% expansion reported in the first six months.

Mynt said its monthly active users reached 42.1 million in the third quarter, up 9.7% year on year. The platform processed an average of 64.4 million transactions daily during the first nine months, representing a 16% increase from the same period last year.

Its Payment Solutions business recorded 15.1 trillion pesos in gross transaction value (GTV) for the nine-month period, an increase of 23.1% year on year, supported by user growth and higher transaction activity.

The company’s CreditTech business also expanded, with its loan portfolio growing 43.3% to 79.3 billion pesos as of September 30. Active borrowers reached 7.8 million, reflecting increased credit utilisation.

Despite the rapid expansion of its lending portfolio, Mynt maintained its non-performing loan ratio at 4.8% as of end-September, broadly unchanged from the previous quarter.

Evelyn Ng, Mynt’s chief financial officer, said the company’s growth was underpinned by its strategy of expanding access to digital payments and lending services.

Opening of the article, excerpted from DealStreetAsia. To read the rest, open the article on the publisher's site.