GCash parent firm posts faster growth after record IPO

Mynt, the parent company of GCash, posted stronger revenue and net income growth in the first nine months of 2026, building on the momentum of its record-breaking initial public offering (IPO).

The company reported a 12.2-percent year-on-year increase in revenue to ₱67.1 billion, accelerating from the 9.8-percent growth recorded in the first half.

Net income climbed 17.4 percent to ₱16.5 billion, more than double the 7.3-percent expansion posted in the first six months.

Third-quarter revenue reached a record ₱24 billion, representing a 16.6-percent increase from the same period last year. Mynt attributed the growth to continued user expansion, wider adoption of digital payments and the increasing reach of its credit services.

Mynt Chief Financial Officer Evelyn Ng said the company’s performance reflected its commitment to making financial services accessible to more Filipinos, adding that significant growth opportunities remain in payments and lending.

Mynt’s monthly active users reached 42.1 million in the third quarter, up 9.7 percent from a year earlier. Daily average transactions also rose 16 percent to 64.4 million, while the gross transaction value of its Payment Solutions business reached ₱15.1 trillion.

The group’s credit technology unit likewise sustained its expansion, with its total loan portfolio jumping 43.3 percent to ₱79.3 billion across 7.8 million active borrowers.

Despite the portfolio’s growth, the unit maintained a non-performing loan ratio of 4.8 percent.

The latest results followed Mynt’s blockbuster stock market debut under the ticker symbol GCASH on the Philippine Stock Exchange. The offering was described as the largest IPO in Philippine history and the biggest in Southeast Asia since 2021.