String Metaverse Q2FY26 revenue jumps 213%, profit surges 229% YoY in H1FY26

String Metaverse, India’s first publicly listed Web3 infrastructure and gaming company, announced excellent financial results for the second quarter and half-year ending September 30, 2025, marking a period of exceptional growth, operational scalability and ecosystem expansion.

Financial highlights (consolidated)

String Metaverse’s consolidated total revenue increased by 165.41 percent year-on-year ₹233.27 crore in the second quarter of FY2026 ₹87.89 crore in the corresponding quarter of the previous financial year. After-tax profit for the period increased by 220.59 percent. ₹21.64 crore onwards ₹6.75 crore in the same quarter last year. EBITDA increased by 223 percent ₹25.83 crore onwards ₹8 crore.

In the first half of the financial year 2025-26 (Y1FY26), the company’s revenue increased by 213.49 percent year-on-year. ₹432.34 crore onwards ₹137.91 crore in the corresponding period last year. PAT increased by 229.18 percent on an annual basis ₹39.93 crore onwards ₹12.13 crore.

Cash EBIT ₹47.65 crore for FY26 saw an increase of 226.20 per cent year-on-year, indicating improved liquidity and efficiency. In the first half of the year, EBITDA margin increased from 2.48 percent to 7.50 percent.

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Operational highlights

The company’s gaming ecosystem has seen healthy growth. The active user base grew from 4 million to 4.7 million (17.5 percent quarter-on-quarter) thanks to the successful launches of IdleMine 3.0, String Drive, String Tetris and Rabbit 9x.

Now fully integrated into all String platforms, $IDLE Token recorded $50 million in transaction volume and processed 1 million on-chain transactions in the second quarter alone.

The company has deployed Solana validation nodes, which have processed over $80 million in DeFi transaction volume. String Fintech HK Ltd achieved $920 million in recurring trading volume across Deribit and Binance.

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In the high-performance computing (HPC) infrastructure segment, the company has deployed advanced colocation servers in LD-4 (Deribit), TY-4 (Binance), and TY-4 (Hyperliquid); these servers power real-time trading, ultra-low-latency execution, and high-frequency strategies across String’s global network.

“FY26 marks the strongest quarter in our company’s history. Our integrated ecosystem spanning gaming, DeFi and high-performance computing continues to scale exponentially. The combination of community engagement, token integration and infrastructure depth positions String Metaverse as the operating system of the internet finance system,” said Ganesh Meenavalli, Managing Director of String Metaverse.

“Our growth is not just financial, but also structural. With the $IDLE token now becoming the default payment layer on our gaming platforms, and validator nodes and HFT servers living in three global hubs, we are redefining how digital assets and financial infrastructure converge,” Meenavalli said.

About String Metaverse Ltd (BSE: META) String Metaverse Ltd is a global Web3 infrastructure and gaming hub building the Internet Financial System Operating System that connects blockchain, gaming, AI and high-frequency trading ecosystems.

The company powers scalable digital economies with programmable money rails, verification nodes, and DeFi liquidity networks through its subsidiaries in Hong Kong, UAE, India, Singapore, and Canada.

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