Mynt posts P16.5-B profit in first nine months

Mynt Inc., the parent company of GCash, reported a 17.4 percent increase in net income to P16.5 billion in the first nine months of 2026, as revenue growth accelerated alongside rising user activity and lending operations.

Revenue climbed 12.2 percent year-on-year to P67.1 billion for the period ending 30 September, faster than the 9.8 percent growth recorded in the first half. Net income growth also accelerated from 7.3 percent in the first six months.

For the third quarter alone, Mynt posted record revenue of P24 billion, up 16.6 percent from the same period last year. Quarterly net income also reached an all-time high, although the company did not disclose the amount in its announcement.

Good business in doing good

“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.

“While our business has scaled, there remain significant opportunities in both payments and lending. Now that we are listed on the Philippine Stock Exchange, we’re excited to share our growth with all Filipinos,” she added.

Monthly active GCash users reach 42.1M

Monthly active GCash users reached 42.1 million in the third quarter, up 9.7 percent year-on-year. The app processed an average of 64.4 million daily transactions during the first nine months, a 16 percent increase.

Mynt’s nine-month net income margin stood at 24.5 percent. Its IPO, which debuted on the Philippine Stock Exchange, is expected to raise up to P60.9 billion if the overallotment option is fully exercised, making it the largest Philippine IPO to date and the biggest in Southeast Asia since 2021.