Peppermint Innovation’s Revenue Soars 171% as QRPh Payment Pilot Triples Transaction Volume

Revenue Growth Driven by Bizmoto and QRPh Payment Pilot

Peppermint Innovation Ltd (ASX:PIL) marked a significant leap in commercial momentum during the June quarter, with group revenue soaring 171% quarter-on-quarter to $3 million. This surge was chiefly attributable to a 577% increase in revenue from Peppermint Bizmoto Inc. (PBI), underscoring the company’s pivot towards scalable, transaction-led income streams.

The highlight was the successful pilot of Peppermint’s QRPh Person-to-Merchant (P2M) payment processing platform. Monthly transaction values processed through the pilot jumped from over 50 million in May to more than 150 million in June, providing crucial operational validation ahead of a full commercial rollout. This tripling of transaction volume signals strong market acceptance and operational readiness for the next phase of Peppermint’s payments platform expansion.

Expanding the Digital Payments Ecosystem in Philippine Cooperatives

Registered users on the Pinoy Coop Mobile (PCM) platform increased to 68,828 across 199 cooperatives, continuing to build Peppermint’s foothold within the Philippine cooperative sector. This growth was supported by a 22% rise in wallet prefunding to 257.8 million and an increase in digital payment activity via InstaPay and PESONet transfers to 290.4 million.

Higher member engagement and transaction activity underpin Peppermint’s strategy to broaden its regulated payments ecosystem beyond cooperative wallets. The company is leveraging partnerships with Operators of Payment Systems (OPS) and Network Aggregators to extend merchant acceptance and transaction volumes efficiently, rather than onboarding merchants directly. This partner-led model aims to unlock recurring transaction-based revenue streams while scaling the commercial footprint.

Technology Upgrades to Support Scalability and Security

Alongside commercial progress, Peppermint continued investing in its technology platform, migrating Bizmoto Core to Amazon Web Services (AWS) and transitioning key components from PHP to an enterprise-grade Java architecture. These upgrades are designed to enhance system resilience, scalability, and performance as transaction volumes increase.

Security remains a priority, with ongoing enhancements to cloud infrastructure and compliance frameworks to meet the demands expected of a regulated payments provider. These foundational improvements are critical to sustaining long-term growth and operational stability.

ASX Reinstatement Process Advances Amid Commercial Execution

Peppermint is progressing its application for reinstatement to trading on the ASX, focusing on demonstrating tangible commercial execution and operational readiness. The company continues to work constructively with the exchange and anticipates providing further updates as the process unfolds.

Cash flow for the quarter showed net operating outflows of $643,000, with a total cash balance of $1.39 million, including $879,000 held in restricted safeguarding accounts. Unrestricted cash available stood at $430,000. Management expects a significant improvement in operating cash flows starting in Q3 2026 and remains open to additional capital raising initiatives to support ongoing operations and growth.