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GCash Parent Mynt Posts $261 Million Net Income in First Nine Months of 2026, Up 17.4%

By Faizal

12 Nov 2026

GCash Parent Mynt Posts $261 Million Net Income in First Nine Months of 2026, Up 17.4%

Mynt, the parent company of Philippine digital financial services platform GCash, reported a 17.4% year-on-year increase in net income for the first nine months of 2026, reaching ₱16.5 billion (approximately $261 million). The growth reflects stronger activity across its digital payments and lending businesses.

The company announced its results on November 9, reporting that earnings growth accelerated compared with the 7.3% increase recorded during the first half of the year.

Revenue and User Activity Continue to Grow

Mynt's adjusted revenue rose 12.2% year-on-year to ₱67.1 billion for the nine months ended September 30. Third-quarter adjusted revenue reached ₱24 billion, increasing 16.6% from the same period last year and marking a record quarterly performance.

GCash also recorded growth in user engagement. Its monthly active user base reached 42.1 million in the third quarter, up 9.7% year-on-year. Daily average transactions increased 16% to 64.4 million during the first nine months.

The company's Payment Solutions business generated ₱15.1 trillion in gross transaction value, representing a 23.1% annual increase.

Lending Business Supports Expansion

Mynt's lending operations also contributed to its growth. Its total loan portfolio expanded 43.3% year-on-year to ₱79.3 billion as of September 30, while active borrowers reached 7.8 million.

Despite the expansion in lending, the company reported a non-performing loan ratio of 4.8%, broadly unchanged from the previous quarter.

Growth Follows Major Stock Market Listing

The financial results come shortly after Mynt's listing on the Philippine Stock Exchange under the ticker GCASH. Its public offering had a potential total size of ₱60.9 billion, making it the largest initial public offering in Philippine market history, according to the company.

With rising transaction volumes, a growing user base and expanding lending operations, Mynt is continuing to strengthen its position in the Philippines' digital financial services market.

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Written by

Faizal

Faizal is an experienced content creator and writer with a strong focus on business trends, economic developments, and emerging opportunities across the Gulf region. His work reflects a keen understanding of evolving markets, industry dynamics, and the factors shaping the region’s business landscape. With a research-driven approach, Faizal transforms complex market developments into clear, informative, and actionable insights for professionals, entrepreneurs, and business leaders. His content aims to provide valuable perspectives on key economic trends and developments influencing businesses across the Gulf.