Pine Labs' wholly-owned subsidiary, BrokenTusk Technologies (Setu), has completed the acquisition of a 100% stake in Agya Technologies for a cash consideration of INR 13.90 crore. Agya Technologies is an RBI-authorized NBFC-Account Aggregator (NBFC-AA), providing a strategic infrastructure for financial data sharing. Setu previously held a 25.40% stake, and this move consolidates Agya as a step-down subsidiary. Although the target entity has reported nil turnover for the last three years, the acquisition is a strategic play to control the data layer in the fintech ecosystem.

• Acquisition of 100% stake in Agya Technologies for a total cash consideration of INR 13.90 crore.
• Target entity holds a specialized RBI license to operate as an NBFC-Account Aggregator.
• Stake increased from an initial 25.40% to full ownership via subsidiary BrokenTusk Technologies (Setu).
• Agya Technologies reported zero turnover for FY23, FY24, and FY25, indicating an early-stage or infrastructure-led acquisition.
• The transaction received formal RBI approval on January 16, 2026, and was completed on February 20, 2026.

Pine Labs has announced a strategic collaboration with OpenAI to integrate advanced AI models into its merchant ecosystem, targeting India's $1.5 trillion fintech market. The partnership aims to transition from traditional transaction processing to 'Agentic Commerce,' where AI agents autonomously manage financial workflows like supplier negotiations and settlement optimization. This move leverages India's massive digital payment volume of over 180 billion annual transactions. By opening this AI-native stack to third-party developers, Pine Labs seeks to solidify its position as a core infrastructure provider for the next generation of autonomous finance.

• Strategic collaboration with OpenAI to embed advanced reasoning models into Pine Labs' merchant stack.
• Targets the Indian fintech ecosystem projected to reach a $1.5 trillion valuation by 2026.
• Leverages India's digital payment infrastructure which processes over 180 billion transactions annually.
• Enables autonomous financial actions including self-negotiating supplier terms and optimizing cross-border settlements.
• Opening the agentic stack to third-party developers to foster an ecosystem of AI-native fintech applications.

Pine Labs Limited has announced that shareholders have approved four key resolutions via postal ballot, including amendments to the 2025 ESOP Scheme and the creation of charges on company assets. The ESOP-related resolutions received approximately 87.4% support, while the appointment of a Secretarial Auditor and asset charge creation received near-unanimous approval at 99.99%. These results grant the company the authority to extend stock options to subsidiary employees and leverage its immovable and movable properties for financial purposes. The resolutions are deemed passed as of February 13, 2026.

• Ratification and amendment of the Pine Labs ESOP Plan 2025 approved with 87.40% votes in favour.
• Extension of ESOP benefits to subsidiary employees secured 87.41% approval from voting shareholders.
• Creation of charges and mortgages on company properties under Section 180(1)(a) passed with 99.99% support.
• The voting process saw a high turnout of approximately 87% of the total 1.14 billion eligible shares.

Pine Labs reported a strong Q3 FY2026 performance with revenue reaching ₹744 Crores, representing a 24% year-on-year growth. The company achieved an adjusted EBITDA of ₹171 Crores and a Profit After Tax (PAT) of ₹42 Crores, maintaining a healthy contribution margin of ₹551 Crores. Management highlighted significant technological milestones, including 21% of code now being written by AI and the launch of the 'Bharat Yatra' national mobility card. The company continues to dominate the Indian market, serving the top five banks and major retailers while expanding its international presence to 20 countries.

• Revenue grew 24% YoY to ₹744 Crores with a contribution margin of ₹551 Crores.
• Adjusted EBITDA stood at ₹171 Crores, while PAT reached ₹42 Crores despite labor law impacts.
• AI integration has reached a level where 21% of all company code is now AI-generated, improving operational efficiency.
• International business, particularly in Malaysia, is growing at a robust 40% YoY rate.
• Achieved zero downtime across all payment platforms during the high-volume Q3 festive season.

Pine Labs has secured a strategic partnership with Pan Asia Bank, one of Sri Lanka's largest listed banks, to deploy its API-first 'Credit+' card management platform. This end-to-end solution will manage the entire credit card lifecycle, including issuance, billing, and settlement, replacing legacy systems. This marks Pine Labs' second major banking client win in Sri Lanka within a few months, demonstrating strong regional momentum. The deal highlights the company's successful pivot into high-margin fintech infrastructure services for financial institutions.

• Partnership with Pan Asia Bank, a leading listed financial entity in Sri Lanka
• Deployment of 'Credit+' platform for end-to-end credit card issuance and processing
• Second major banking client acquisition in the Sri Lankan market within a short timeframe
• Cloud-native, API-first architecture enables real-time authorization and scalable configurations
• Expansion strengthens Pine Labs' footprint across international markets including SE Asia and Middle East

Pine Labs reported a robust Q3 FY26 performance, achieving its highest-ever quarterly revenue of ₹744 Cr, a 24% YoY increase. The company successfully turned profitable with a Profit After Tax (PAT) of ₹42 Cr, compared to a loss of ₹57 Cr in the same period last year. Adjusted EBITDA surged 59% YoY to ₹171 Cr, with margins expanding by 500 bps to 23% due to strong operating leverage and disciplined cost management. The growth was primarily driven by the Issuing, Affordability, and Online payments segments, alongside a rising international revenue mix now at 15%.

• Revenue from operations increased 24% YoY to ₹744 Cr, supported by a 29% growth in Platform GTV to ₹4.5 lakh Cr.
• Turned profitable with a PAT of ₹42 Cr; excluding an exceptional labor code charge, normalized PAT stood at ₹52 Cr.
• Adjusted EBITDA margin expanded significantly to 23% from 18% YoY, demonstrating high flow-through from incremental margins.
• Employee costs as a percentage of revenue improved to 31% from 42% YoY, reflecting enhanced operational efficiency.
• International revenue contribution rose to 15%, fueled by expansion in Singapore, the Middle East, and Southeast Asia.

Pine Labs has secured a strategic partnership with Pan Asia Bank (PABC), one of Sri Lanka's largest listed entities, to deploy its API-first 'Credit+' card management platform. This expansion coincides with strong Q3 FY26 financial results, where revenue grew 24% YoY to ₹744 Cr and PAT reached ₹42 Cr. This is the company's second major banking client win in Sri Lanka within a few months, demonstrating successful international scaling of its fintech infrastructure. The move highlights a shift towards high-margin, cloud-native software services for financial institutions.

• Q3 FY26 revenue grew 24% YoY to ₹744 Cr with a PAT of ₹42 Cr.
• Adjusted EBITDA increased 59% YoY to ₹171 Cr, reflecting a 5%+ margin expansion.
• Partnership with Pan Asia Bank for end-to-end credit card issuance, billing, and settlement.
• Second major banking client acquisition in the Sri Lankan market within a short span.
• Deployment of 'Credit+' platform, a cloud-native and API-first fintech infrastructure solution.

Pine Labs Limited delivered a strong performance in Q3 FY26, reporting a standalone profit after tax of ₹56.63 crore, a significant turnaround from a loss of ₹2.50 crore in the preceding quarter. Revenue from operations increased by 26% sequentially to ₹548.40 crore, up from ₹435.00 crore in Q2 FY26. For the nine-month period ended December 2025, the company turned profitable with a standalone PAT of ₹82.59 crore compared to a loss of ₹15.33 crore in the previous year. This growth is supported by a steady increase in total income, which reached ₹598.82 crore for the quarter.

• Standalone Revenue from Operations grew 26% QoQ to ₹548.40 crore from ₹435.00 crore.
• Standalone PAT turned positive at ₹56.63 crore vs a loss of ₹2.50 crore in Q2 FY26.
• Nine-month standalone profit reached ₹82.59 crore, reversing a ₹15.33 crore loss YoY.
• Total standalone income for Q3 FY26 reached ₹598.82 crore, up from ₹456.17 crore in Q2.
• Employee benefit expenses remained stable at ₹188.80 crore compared to ₹190.34 crore in the previous quarter.

Pine Labs reported a strong financial performance for Q3 FY26, achieving a standalone net profit of ₹56.63 crore, a significant turnaround from a loss of ₹2.50 crore in the previous quarter. Revenue from operations grew by 26% sequentially to ₹548.40 crore, driven by increased transaction and related activities. On a year-on-year basis, the net profit saw a substantial jump from ₹15.33 crore in Q3 FY25. While standalone operations are robust, the consolidated entity remains slightly impacted by subsidiaries which contributed a net loss of ₹9.23 crore for the quarter.

• Standalone Revenue from operations increased to ₹548.40 crore in Q3 FY26 from ₹435.00 crore in Q2 FY26.
• Net Profit for the quarter stood at ₹56.63 crore, compared to ₹15.33 crore in the same quarter last year.
• The company successfully turned around from a standalone loss of ₹2.50 crore in the preceding quarter.
• Nine-month (9M FY26) standalone revenue reached ₹1,410.67 crore, up from ₹1,181.60 crore in 9M FY25.
• An exceptional item expense of ₹10.82 crore was recorded during the quarter, yet the company maintained strong profitability.

Pine Labs has entered a strategic partnership with Wio Bank, the Middle East's leading digital financial platform, to deploy its 'Credit+' modular acquiring platform. This collaboration will modernize Wio Bank's infrastructure, enabling faster merchant onboarding and real-time settlement capabilities without legacy tech dependencies. The partnership leverages Pine Labs' API-first, cloud-native architecture to scale acquiring volumes in the high-growth UAE market. This move reinforces Pine Labs' international expansion strategy and validates its fintech stack among major global financial institutions.

• Wio Bank to deploy Pine Labs' 'Credit+' modular, API-first platform for core acquiring operations.
• Partnership enables real-time settlement and seamless multi-mode payment acceptance for UAE merchants.
• Wio Bank is backed by major UAE strategic investors including ADQ, Alpha Dhabi, e&, and First Abu Dhabi Bank (FAB).
• The collaboration targets the UAE's rapid transition toward a cashless economy through cloud-native microservices.
• Pine Labs continues to expand its global footprint across Malaysia, Philippines, UAE, Singapore, and the USA.