Maya announced it achieved net income profitability in the first quarter of 2025, building on the strong financial momentum established in December 2024. The company also saw accelerated topline growth in Q1 2025. It is due to revenue growth exceeding 100% in the full year 2024 compared to 2023.

Since launching its digital bank in 2022, Maya’s net revenues have increased over fivefold, culminating in achieving profitability in December 2024. This milestone reflects consistent growth across digital banking, payments, and lending.

The robust performance in profitability growth for Maya in Q1 2025 was primarily driven by significant lending activity and continued dominance in deposits and payments. Loan disbursals for the quarter reached nearly PHP 28 billion, contributing to cumulative disbursements of PHP 120 billion.

The company also maintained a strong loan-to-deposit ratio of 51.1%. Maya further strengthened its position in digital banking, ending the quarter with PHP 43.6 billion in total deposits. It is approximately double that of the next largest digital bank.

This highlights the strong trust customers place in Maya and its capacity for credit expansion. Asset quality remains sound, with a non-performing loan ratio of just 3.8%, significantly below the industry average.

Maya is also expanding its merchant business. Currently, they are processing over PHP 1 trillion in payments in 2024 and are recognised by Visa as the top acquirer for merchant transaction volume.

Shailesh Baidwan, Maya Group President and Maya Bank Co-Founder, commented, “We are proud to deliver strong growth across all our products, continued scaling of our integrated ecosystem, and achieving net income profitability in Q1 2025.”

With a strong start to 2025, Maya will continue accelerating its ecosystem growth. The company will continue to expand its credit portfolio, enhance merchant offerings, and grow its consumer platform to further democratise finance in the Philippines.