String Metaverse Ltd, formerly known as Bio Green Papers Limited and India’s first listed Web3 infrastructure and gaming company, has announced its financial results for Q1 FY26, showcasing an exceptional performance with revenue of ₹199.14 crore and profit after tax (PAT) of ₹18.29 crore. This marks an impressive 298% increase in revenue and a 240% jump in net profit compared to the corresponding quarter of the previous year.

The Hyderabad-based tech innovator, listed on the BSE with the ticker META | 534535, continues to deliver high-margin, tech-driven growth by focusing on decentralized infrastructure, gaming monetization, and digital finance rails across global markets.

Strong Financial Performance Reflects Business Model Scalability

The company’s Q1 FY26 financials are as follows:

• Revenue: ₹199.14 Crore

• Net Profit (PAT): ₹18.29 Crore

• PAT Margin: 9.19%

• Operating EBITDA: ₹21.83 Crore

This performance represents revenue growth of 298% and net profit expansion of 240% year-over-year, signaling strong operating leverage and increased scalability of its decentralized platforms.

The company attributed this breakout performance to its multi-pronged strategy, combining blockchain validation, Web3 gaming, and crypto-powered fintech services.

Blockchain Node Infrastructure Expands with Recurring Yields

A major revenue driver was the activation of blockchain validator nodes for networks such as Solana and Hyperliquid, under its tech subsidiary String DePIN & AI Ltd, based in Ras Al Khaimah. These nodes generate protocol-based on-chain yields, offering recurring and predictable income from the fast-growing decentralized computing space.

This move aligns with the company's long-term strategy to support foundational layers of the Web3 ecosystem, enhancing decentralization while maintaining revenue consistency.

Fintech Innovations Power Global Revenue Streams

In the fintech space, String Metaverse has expanded its services across North America and Asia, including the rollout of virtual debit cards linked to crypto wallets. The company’s Money Services Business (MSB) license in Canada allows it to issue digital cards in over 100 countries, in collaboration with Visa, Mastercard, and UnionPay.

These cards enable crypto-to-fiat conversion, real-time payments, and international usability, creating a bridge between traditional banking and decentralized finance (DeFi).

The management stated that the fintech vertical is rapidly growing, supported by its infrastructure-first model and user-centric design principles, and expects continued scaling through enterprise partnerships and licensing expansion.

Web3 Gaming Engagement Surges with Monetization Boost

One of the most exciting verticals for String Metaverse is its Web3 gaming and RTB (real-time bidding) advertising platform, which recorded a surge in user engagement and monetization. The company has launched a real-time ad exchange in Singapore that facilitates in-game monetization via ads and in-app purchases.

Through these decentralized gaming ecosystems, the company has tapped into a large and expanding base of digital users, particularly in South Asia and Southeast Asia, generating significant revenue through gamified advertising and digital asset transactions.

This complements the company’s strategy to monetize user attention in the gaming economy, while also scaling programmable financial layers for gaming tokens and microtransactions.

Global Footprint Strengthens Execution Velocity

String Metaverse now has operations and strategic hubs in:

• India (Hyderabad, Mumbai)

• Hong Kong

• Singapore

• Dubai

• Toronto

• Ras Al Khaimah

This global presence enables faster execution of product rollouts, regulatory licensing, and integration with international financial systems. The company’s real-time infrastructure allows it to launch and test services across multiple geographies simultaneously, enhancing its competitive edge in the Web3 space.

Management Commentary Reflects Confidence in Growth Trajectory

Santosh A, Director at String Metaverse Ltd, shared:

“The Q1 FY26 financial performance is not just about growth — it reflects operating leverage across global units. We’re unlocking scalable revenue from gaming, payments, and decentralized compute infrastructure, while remaining focused on compounding long-term value.”

He added that the company’s vision of borderless, interoperable, and transparent digital infrastructure is increasingly being validated by strong financial performance and growing enterprise partnerships.

Outlook: Momentum Continues in Coming Quarters

With upcoming enterprise collaborations, licensing approvals, and node expansions, the company expects revenue and profit to continue accelerating over the next few quarters.

The leadership remains committed to building a transparent, yield-oriented, and interoperable financial system driven by Web3 technologies, aiming to become a leading player in the programmable finance space globally.

About String Metaverse Ltd

String Metaverse Ltd is India’s first BSE-listed Web3 infrastructure and gaming company, formerly known as Bio Green Papers Limited. The company operates across critical segments of the Internet Financial System, including:

• Blockchain validation nodes (Solana, Hyperliquid, DePIN)

• Global fintech services including digital wallets and crypto debit cards

• Real-time bidding (RTB) ad exchanges for Web3 gaming

• Decentralized liquidity infrastructure for DeFi and CeFi markets

With millions of users and strategic partners worldwide, String Metaverse continues to build the backbone of next-generation digital finance and gaming ecosystems.

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