On a November day in 2026, the company that runs the GCash app, now a listed firm on the Philippine Stock Exchange, set down its nine-month accounts: P16.5 billion in net income, up 17.4%, and P67.1 billion in revenue, up 12.2%. The numbers tell a story of momentum gathering through the year, with the third quarter carrying the average upward as millions of Filipinos send payments and borrow through a phone screen. Whether that quickening is the start of a durable stride or a single strong season is the question the coming quarters will answer.
GCash Parent Mynt Reports P16.5B Nine-Month Profit as Revenue and Lending Growth Accelerate
On a November day in 2026, the company that runs the GCash app, now a listed firm on the Philippine Stock Exchange, set down its nine-month accounts: P16.5 billion in net income, up 17.4%, and P67.1 billion in revenue, up 12.2%. The numbers tell a story of momentum gathering through the year, with the third quarter carrying the average upward as millions of Filipinos send payments and borrow through a phone screen. Whether that quickening is the start of a durable stride or a single strong season is the question the coming quarters will answer.
Mynt Inc., the company behind GCash, has reported net income of P16.5 billion for the first nine months of 2026, up 17.4% from a year earlier. The figures arrive as the firm marks its debut as a listed company on the Philippine Stock Exchange, a moment that puts its growth in full public view.
Revenue reached P67.1 billion, up 12.2%, and the pace picked up after a slower first half. Growth in net income followed the same path, rising from 7.3% in the first six months to the higher figure for the full nine. The third quarter stood out on its own, with a record P24 billion in revenue and an all-time high for quarterly profit, though the profit amount was not disclosed.
The people using the app are growing too. Monthly active users reached 42.1 million in the third quarter, and the platform handled an average of 64.4 million transactions a day, up 16%. Chief Financial Officer Evelyn Ng tied the results to the company's mission of Finance for All, saying the business had shown that serving everyday Filipinos could also be good business.
The listing itself may raise up to P60.9 billion, which would be the largest initial public offering in Philippine history. What comes next is whether the third quarter's momentum in payments and lending holds, and the company's next results will show whether it does.
Mynt Inc., the company behind the GCash app, reported net income of P16.5 billion for the first nine months of 2026, a 17.4% increase over the same period a year earlier. The figures cover the period ending 30 September and came as the company marks its arrival as a listed firm on the Philippine Stock Exchange.
Revenue for the nine months rose 12.2% year-on-year to P67.1 billion. That is a faster pace than the 9.8% growth the company recorded in the first half, so the third quarter pulled the average up. Net income growth followed the same pattern, speeding up from 7.3% in the first six months to the 17.4% now reported for nine.
The third quarter on its own was the strongest the company has posted. Revenue came to P24 billion, up 16.6% from the same quarter last year, a record. Mynt said quarterly net income also reached an all-time high, but its announcement did not give the amount, so the size of that quarterly record cannot be checked from what was disclosed.
Usage figures point the same way. Monthly active GCash users reached 42.1 million in the third quarter, up 9.7% from a year earlier. Across the first nine months, the app handled an average of 64.4 million transactions a day, a 16% increase. Mynt's net income margin for the nine months stood at 24.5%.
The company credited both payments and lending for the results. Chief Financial Officer Evelyn Ng framed the performance around the firm's stated mission of Finance for All, saying Mynt set out to address everyday frustrations Filipinos face, from making payments more streamlined to offering access to fair lending. In her words, the approach has shown there is good business in doing good.
Ng also said significant opportunities remain in both payments and lending even after the business has scaled. She added that, now that Mynt is listed on the Philippine Stock Exchange, the company is excited to share its growth with all Filipinos.
The listing itself is large. Mynt's initial public offering is expected to raise up to P60.9 billion if the overallotment option is fully exercised. That would make it the largest IPO in Philippine history and the biggest in Southeast Asia since 2021.
What to watch next is whether the third quarter's acceleration holds. Revenue growth has picked up through the year, and the company now reports to public shareholders, so upcoming results will show whether lending and payments keep expanding at this pace.
Möchten Sie die ganze Geschichte?
Das Original lesen bei Daily Tribune ↗
Business