Tonik is PH’s first standalone digital bank to hit profitability

Tonik Digital Bank reported on Tuesday that it was the first standalone digital bank in the local market to hit profitability after a strong performance in the first three months of 2026.

Photo from Tonik PH

Strong Q1 operations

The company, which holds a digital banking license from the Bangko Sentral ng Pilipinas, has booked consolidated positive cash net income in the January to March period.

However, the figures were not disclosed.

Its regulated bank subsidiary, Tonik Digital Bank, Inc., also achieved IFRS profitability during the period.

As of April 2026, the group boasts the following:

• Loan portfolio: USD 110 million
• Annualized revenue run-rate: more than USD 60M, with 99 percent from lending
• NIM / Lending RAROC: 51 percent / 25 percent — the highest in the banking market
• Loan-to-deposit ratio: 82 percent, claimed the highest among Philippine digital banks

Profitability in digital banking is a function of what you choose not to do. We chose not to chase users as a vanity metric. We chose not to build deposits we couldn’t deploy. We built a credit bank—with the best unit economics in the market and let the income statement follow, its founder and CEO Greg Krasnov said in a statement.

Krasnov said that with these robust operating results, Tonik Digital Bank is the sector’s “growth leader today.”