EarningsQ4 2025 Earnings Report
MX:863N Q4 2025 EPS Results
Actual EPS-$1.15
Consensus EPS―
Beat/Miss―
One Year Ago EPS$0.24
MX:863N Q4 2025 Revenue Results
Actual Revenue$672.35M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+16.89%
Earnings Announcement Details
QuarterQ4 2025
Date03/31/2026
TimeBefore Open
Conference CallTuesday, March 31, 2026
MX:863N Upcoming Earnings
OSL Group Limited's next earnings date is estimated for March 30, 2027, based on past reporting schedules.
Q4 2025 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q4 2025 Earnings Slide Deck
No slide deck is available for this earnings event.
Q4 2025 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted major growth milestones: transaction volume up 201%, cash revenue (non-IFRS) up ~150% to HKD 534.1M, a majority stablecoin mix (60%), a strengthened global footprint with 50+ licenses, integration of Banxa and product launches (BizPay, USDGO), and a USD 500M capital raise — all pointing to strong execution and scale momentum. Key risks include an ongoing adjusted operating loss (below HKD 300M), higher operating and one-off M&A/licensing costs, and continued crypto market volatility. Management frames regulatory complexity as a competitive moat but the net-reporting basis and remaining geographic gaps require investor normalization when benchmarking peers.Company Guidance
Record Transaction Volume Growth
Total transaction volume increased by 201% year-over-year to over HKD 200 billion in 2025, reflecting strong platform traction and higher throughput.
Substantial Cash Revenue Expansion (Non-IFRS Income)
Adjusted non-IFRS income (operating cash revenue) rose to HKD 534.1 million, representing approximately 150% year-over-year growth, validating the shift to a stablecoin-centric business model.
Stablecoin Adoption and Product Suite
Stablecoins accounted for roughly 60% of transaction volume. Key product launches and integrations include OSL BizPay (stablecoin payments), StableHub (0 slippage stablecoin conversion), USDGO (compliance-first stablecoin in partnership with Anchorage), and Banxa on/off-ramp capabilities.
Global Licensing, Connectivity and Scale
Management reported over 50 licenses/registrations across 11 jurisdictions, expanded global connectivity (support for 30+ fiat currencies, integrations with 80+ blockchain networks / references to 100+ networks and ~200 digital assets in presentations), pay-in/payout coverage in 150+ countries, and reach to ~1.5 billion users via enterprise partners.
Significant Capital Raise and Strategic M&A
Raised an aggregate of USD 500 million via two equity financings (USD 300M in Sept 2025 and USD 200M in Feb 2026). Completed strategic acquisitions including Banxa and regional targets (Japan, Italy, Indonesia) to accelerate on/off-ramp and licensing footprint.
Market Recognition and Index Inclusion
Included in KPMG China Fintech 50 and CMBC World Top Fintech Companies 2025 (only Hong Kong-based in that list). Added to the Hang Seng Composite Index and the FTSE All Cap Index for the first time and maintained inclusion in MSCI Index since 2024.
International Revenue Mix Growing
Management stated overseas operations materially increased: CEO cited overseas contributing 67% of total IFRS income, while the CFO noted overseas operations account for roughly 76% of reported income, indicating a sizable and growing international revenue base.
MX:863N Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed