GoTyme Bank narrows 2025 net loss to P2.95B

GOTYME BANK Corp. narrowed its net loss in 2025, mainly driven by higher interest earnings as its loan book continued to expand.

The digital bank booked a net loss of P2.95 billion last year, improving from the P3.44-billion loss in 2024, its audited financial statement showed.

Its pre-provision net interest income surged by 260.22% year on year to P2.59 billion from P719.45 million. This came as interest income jumped to P3.57 billion from P1.32 billion, mainly driven by higher interest earnings from loans and receivables. Meanwhile, interest expense rose by 62.43% to P980.91 million from P603.89 million.

Net interest margin was at 7.27%, up from 3.58% in 2024.

GoTyme Bank’s other income likewise climbed by 106.02% to P1.16 billion last year from P564 million in 2024, chiefly backed by a 100.92% increase in its fee and commission income to P972.27 million from P483.92 million.

Net foreign exchange gains likewise rose by 99.91% to P158.2 million from P79.14 million, while miscellaneous income jumped to P32.34 million from P1.36 million.

Meanwhile, operating expenses increased by 25.79% to P5.597 billion last year from P4.45 billion in 2024, with its technology costs rising to P1.77 billion from P1.36 billion.

“Technology costs… consist mostly of platform and service charges billed by Tyme Pte. Ltd., a shareholder, to the bank as part of the Master Service Agreement. In addition, this also includes software license and subscriptions used by the bank.”

GoTyme Bank also set aside P855.65 million in loan loss provisions in 2025, surging from just P101.57 million a year prior.

Net loans receivables stood at P5.14 billion as of end-2025, up 105.52% year on year from P2.5 billion.

This was mostly made up of salary loans, which climbed by 119.59% to P7.898 billion from P3.596 billion.

“The bank’s salary loans also include loans purchased from a related party. Other loans mainly pertain to MoreTyme, a buy-now-pay-later product and Merchant Cash Advance, a loan product offered to micro, small, and medium enterprises,” it said..

On the funding side, total deposits were at P43.52 billion in 2025, rising by 71.1% from P25.43 billion in the previous year.

Those in peso savings accounts totaled P43.203 billion, while placements in US dollar time deposit accounts stood at P315.36 million.

Total assets grew by 67.47% to P50.18 billion at the end of last year from P29.96 billion in 2024.

Total capital funds were at P3.5 billion, increasing by 110.38% from P1.66 billion in the previous year.

Its common equity Tier 1 (CET1) ratio was at 22.47% last year, up from 21.63% in 2024. Its total capital adequacy ratio (CAR) also rose to 23.37% from 21.92%. Both are above the minimum CET1 ratio of 6% and CAR of 10% required by the central bank.

GoTyme Bank President and Chief Executive Officer Nathaniel C. Clarke earlier said he expects the bank to turn profitable by mid-2027, driven by continued customer growth and ahead of expected entrants in the Philippine digital banking market.

However, he said they are cautious on their growth prospects for this year as the Middle East war has sent global markets into a tailspin.

GoTyme Bank is a partnership between the Gokongwei group and Singapore-based Tyme Group. It began commercial operations in October 2022 and is one of the six digital banks licensed by the Bangko Sentral ng Pilipinas. — A.M.C. Sy