OPay Limited's Revenue Hits $467M in H1 2026

OPay Limited reported a revenue of $467.06 million for the first half of 2026, as disclosed in its October 9 registration statement with the US Securities and Exchange Commission. This marks a significant increase from $21.71 million in profit during the same period in 2025.

Lending income surged by 167.9 percent to $236.12 million, surpassing payment-related services which generated $130.55 million, thus accounting for 50.6 percent of total revenue. The company noted a 210.3 percent increase in expected credit-loss expenses, totaling $118.36 million, which represented 25.3 percent of revenue.

OPay also wrote off $113.15 million in loans deemed uncollectible, a 520.5 percent rise from the first half of 2025. As of June 30, $113.80 million in loans were overdue, although the overdue share decreased from 34.2 percent at the end of December 2025.

The company attributed its growth in lending income to increased volumes and a broader borrower base, while also tightening consumer lending standards.