Catenaa, Friday, September 05, 2025- Hong Kong-listed crypto exchange OSL Group reported a 58 percent rise in first-half revenue to HK$195.4 million ($25.1 million) in 2025, driven by organic growth and strategic acquisitions, the company said Thursday.
Despite the revenue increase, OSL’s loss from continuing operations more than doubled to HK$20.3 million ($2.6 million) from HK$9.6 million ($1.2 million) a year earlier, largely due to expanding its global workforce to 568 employees, up from 167 in 2024.
The company completed key acquisitions, including Japanese exchange CoinBest in February and a 90 percent stake in Indonesian platform Evergreen Crest in June for $15 million, supporting its international growth strategy.
OSL also launched OSL Pay in April 2025, generating HK$55.9 million ($7.2 million) in the first half, representing 29 percent of total revenue, offering crypto on-and-off ramp services to global clients.
CEO Kevin Cui said the company achieved substantial gains in core business revenue and platform transaction volumes while maintaining the largest ETF custodial assets market share in Hong Kong, highlighting continued investor trust in OSL’s compliant digital asset services.
OSL shares rose 6.6 percent Friday in Hong Kong, despite a 5.2 percent drop over the past month. Year-to-date, the stock has surged 114.3 percent.
