Mynt (GCASH) investor relations material

Executive summary

• 9M2026 reported revenue was PHP67.36bn, up 12.5% YoY; adjusted revenue was PHP67.08bn, up 12.2%. Net income rose 17.4% to PHP16.45bn.

• Q3 reported revenue grew 16.5% to PHP24.09bn and net income rose 43.3% to PHP5.63bn; Credit Tech led growth as Payment Solutions returned to YoY growth.

• Q3 MAUs reached 42.1m, up 9.7%; 9M payments GTV rose 23.1% to PHP15.15tn, while the Credit Tech loan portfolio grew 43.3% to PHP79.28bn.

Financial highlights

• Reported 9M revenue was PHP67.36bn, up 12.5% YoY; adjusted revenue was PHP67.08bn, up 12.2%, excluding the cost of over-the-air prepaid load.

• Net income increased 17.4% to PHP16.45bn for 9M and 43.3% to PHP5.63bn in Q3; 9M net income margin was 24.5%.

• Adjusted Q3 revenue was PHP24.05bn, up 16.6%; adjusted gross profit rose 9.3% to PHP48.63bn for 9M.

• Operating profit rose 3.5% to PHP16.86bn for 9M and 31.4% to PHP5.58bn in Q3; EBITDA increased 5.2% to PHP17.54bn and 31.5% to PHP5.78bn, respectively.

• 9M costs and expenses grew 15.9% to PHP50.50bn, driven by higher credit-loss provisions, compensation, platform maintenance and contracted services.

Outlook and guidance

• Q4 net income margin is expected in the high teens, reflecting seasonal costs and one-time IPO expenses; FY2026 margin is expected to be similar to FY2025.

• No specific quantitative growth guidance was given; the stated aspiration is Rule of 40, combining revenue growth and net income margin of at least 40%.

• Credit growth will be balanced against profitability and asset quality; NPL may rise as lending expands but is expected to remain manageable.

• PHP47.4bn of short-term credit facilities, operating cash flows, retained earnings, IPO proceeds and bank facilities were expected to fund working capital and planned capex for the next 12 months.