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.
“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,” Ng said.
The financial results come shortly after Mynt’s debut on the Philippine Stock Exchange under the ticker GCASH, following what the company described as the largest IPO in Philippine history, with Mynt raising approximately 60.9 billion pesos.
Mynt is backed by Globe, Ayala Corp, and China’s Ant International. It operates GCash through G-Xchange and offers lending products through Fuse Financing.
