Osl Group Limited · HKEX:863
Osl — FY2025 Earnings Presentation
28 slides from Osl's earnings presentation, Apr 1, 2026
Slide 1: 2025 Annual Results Presentation
2025 Annual Results Presentation OSL Group (HKEX: 863) 1 April 2026
Slide 2: Disclaimer
Disclaimer The information contained in this document is for general informational purposes only and does not constitute an offer, solicitation, invitation or recommendation to subscribe for or purchase any securities, or other products or to provide any investment advice or service of any kind. Thi
Slide 3: Table of Contents
Table of Contents Section 1 The OSL Opportunity Section 2 Business Highlights Section 3 Financial and Operational Updates Notes: 3
Slide 4: The OSL Opportunity
Section 1 The OSL Opportunity Notes:
Slide 5: Make Money Move As Freely As Information
Global Stablecoin Payment and Trading Platform Make Money Move As Freely As Information Open The future of finance should be Open to all Secure Security is non-negotiable Licensed Being Licensed is how we validate trust in our platform 5
Slide 6: Global Stablecoin Payment and Trading Platform
Global Stablecoin Payment and Trading Platform Building the Next Generation of Stablecoin Financial Market Infrastructure to Enable Seamless Exchange of Value 1st HKD 201.2B 2 HKD 534.1M 50+ Licenses First-mover advantage Triple-digit growth Record-high revenue Validate trust First Licensed Virtual
Slide 7: Once-in-a-Generation Opportunity
Once-in-a-Generation Opportunity: New Paradigm for Financial Market Infrastructure – From Traditional Finance to Programmable Economy Fiat-based Financial Stablecoin Financial Market Infrastructure Market Infrastructure SWIFT Infrastructure Decentralized Network traditional rail since 1973 >T+2 to T
Slide 8: Capturing Stablecoin and AI Megatrends
Capturing Stablecoin and AI Megatrends A Multi-Trillion Dollar Market Opportunity in Global B2B Settlement and Agentic Payment Massive Stablecoins Market Opportunities AI Agentic Payment Market Opportunities Size of Global Stablecoin Market1 Machine-to-Machine Transactions (USD$B) 2,250.9 Numbers of
Slide 9: OSL Evolution: From Digital Asset Exchange to Global Stablecoin Platform
OSL Evolution: From Digital Asset Exchange to Global Stablecoin Payment and Trading Platform 2024 & Before 2025 2026 onwards Global HK-Based Multi-Market Stablecoin Digital Asset Digital Asset Payment and Exchange Platform Trading Platform • Trusted and compliant digital asset trading • Expansion in
Slide 10: Next Generation Financial Market Infrastructure for Stablecoin and AI
Next Generation Financial Market Infrastructure for Stablecoin and AI Make Money Move As Freely As Information – Any Currency, Any Where, Any Time and Any Size Product Stack B2B Instant Cross-Border One-Stop On/Off-Ramp Solution Local Exchange & Compliance Payment (Stripe of Stablecoin) Last-Mile De
Slide 11: Four Core Platform Capabilities
Four Core Platform Capabilities Global Global Instant Deep Connectivity Licenses Settlement Liquidity Support 30+ fiat currencies 50+ licenses and Enable machine-speed Aggregate liquidity across Connect 30+ banks & registrations efficiency partners and regions payment network 11 jurisdic
Slide 12: Our Growth Strategies
Our Growth Strategies 1 Broaden Stablecoin Product Offerings • Expand stablecoin solutions to enhance capital efficiency for enterprises and institutional clients across global payment and treasury workflows • Accelerate USDGO adoption across diversified use cases 2 Further Invest in Next-Gen Financ
Slide 13: Business Highlights
Section 2 Business Highlights Notes:
Slide 14: OSL Group: Key Achievements Over the Past Year
OSL Group: Key Achievements Over the Past Year Significant Progress Across Global and Product Expansion 1 OSL Evolution - From Digital Asset Exchange to Global Stablecoin Payment and Trading Platform 2 Became Market Leader in the Stablecoin Industry in Asia 3 Accelerated Global Expansion Through Str
Slide 15: OSL Evolution: From Digital Asset Exchange to Global Stablecoin Platform
1 OSL Evolution: From Digital Asset Exchange to Global Stablecoin Payment and Trading Platform 2024 & Before 2025 2026 onwards Global HK-Based Multi-Market Stablecoin Digital Asset Digital Asset Payment and Exchange Platform Trading Platform • Trusted and compliant digital asset trading • Expansion
Slide 16: Became Market Leader in the Stablecoin Industry in Asia
2 Became Market Leader in the Stablecoin Industry in Asia OSL Already Processed 60% Stablecoin Volume in 2025 with Expanding Stablecoin Product Suites Stablecoin OSL’s New Transaction Volume Stablecoin Solutions Simplifying money movement Seamlessly integrate crypto-fiat powered by stablecoins excha
Slide 17: Accelerated Global Expansion Through Strategic M&A
3 Accelerated Global Expansion Through Strategic M&A Global M&A Has Secured OSL a Massive Regulatory Moat Across Key Jurisdictions Broadest Global Regulatory Footprint Among Listed Peers Our Footprint Strategically Spans Asia, Europe, and the US 50+ 11 84% 82% Digital Asset and Payment Major Jurisdi
Slide 18: Scaled Connectivity Between Fiat and Digital Asset
4 Scaled Connectivity Between Fiat and Digital Asset Delivering Best-In-Class Fiat On-Ramp Capabilities To Global Developers, Wallets, DeFi, and On-Chain Community Through A Single API Connection Leading Global On/Off-ramp Infrastructure Provider Licensed European Digital Asset Service Provider On/o
Slide 19: Capitalized for Market Dominance
5 Capitalized for Market Dominance Leveraging Strategic Investors Backing to Capture Market Shares through All Market Conditions Confidence by Transactions Top-Tier Investors Highlights Use of Proceeds The largest equity financing round in Asia’s Diverse Investor Base fintech (ex-Japan, India) secto
Slide 20: Financial and Operational Updates
Section 3 Financial and Operational Updates Notes:
Slide 21: Key Highlights in FY2025
Key Highlights in FY2025 Adjusted IFRS Total Transaction Stablecoin non-IFRS Income1 Income Volume Transaction Volume HKD 534.1m HKD 488.8m HKD 201.2bn 60% +150.1% +30.4% +200.7% % of Transaction YoY Growth YoY Growth YoY Growth Volume Core Drivers Product Innovation & Technology & Market Expansion
Slide 22: OSL's Revenue Recognition Model
OSL’s Revenue Recognition Model Comparing OSL's Net Basis (IFRS 9) vs Peers' Gross Basis (IFRS 15) OSL (Net Basis) Peers (Gross Basis) IFRS 9 “Financial Instruments” IFRS 15 - Principal Trading Transaction Value $ 1,000 Transaction Value $ 1,000 Cost of Sales $ 970 Cost of Sales $ 970 Reported IFRS
Slide 23: Diversifying Revenue & Scaling Globally
Diversifying Revenue & Scaling Globally Driving Sustainable Financial Growth Through Stablecoin-centric Business and International Expansion Adjusted Non-IFRS IFRS Income Transaction Volume Income(1) by Regions by Coin Types (in HKD million) (in HKD million) (in HKD billion) 2.5x 488.8 488.8 488.8 2
Slide 24: Navigating Volatility with Resilient Growth
Navigating Volatility with Resilient Growth Delivering Strong, Sustained Transaction Volume Growth Despite Downward Trends In Broader Crypto Asset Prices (in USD) (in HKD) 130,000 90000 M 120,000 80000 M 110,000 70000 M 100,000 60000 M 90,000 50000 M 80,000 40000 M 70,000 30000 M 60,000 20000 M 50,0
Slide 25: Strategic Infrastructure Investments
Strategic Infrastructure Investments Accelerating Global Market Entry to Build High-Velocity, Regulated Payment Rails Staff and Related Costs(1) IT Costs (in HKDm) (in HKDm) 102.0 218.0 33.0 2024 2025 2024 2025 % of Adjusted Revenue % of Adjusted Revenue 102% 98.9% 15.5% 19.1% Legal & Professional f
Slide 26: Adjusted Non-IFRS Income and Operating Results
Adjusted Non-IFRS Income and Operating Results For the Years Ended 31 December 2024 and 2025 (in HKD ‘000) 2024 2025 Continuing operations IFRS income 374,747 488,773 Add back: Net fair value loss on digital assets 480 18,270 Net (gain) / loss of digital assets used in facilitation of digital assets
Slide 27: Q&A
OSL Q&A
Slide 28: Contact Us
Contact Us Address 39/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong IR Email Website ir@osl.com https://group.osl.com/contact-ir/ Socials LinkedIn Telegram X YouTube