OSL Group (863) investor relations material

Executive summary

• Achieved global leadership in B2B stablecoin payment infrastructure, with total transaction volume up 241.3% YoY to HK$172.0 billion and revenue up 65.8% YoY to HK$55,812.6 million for 1H2026, driven by payment business expansion and Banxa acquisition.

• USDGO stablecoin scaled to over US$1.2 billion in circulation within six months, becoming the sixth-largest compliant stablecoin globally, with a 24x increase since February 2026.

• Operates in 11 jurisdictions with over 50 licenses, integrating with 70 banks and payment providers, and recognized in major indices for fintech innovation.

• Launched OSL AgentPay as a settlement layer for AI-driven agentic payments and deepened institutional partnerships worldwide.

• Net loss from continuing operations increased to HK$860.9 million, mainly due to digital asset fair value losses and increased operating expenses from global expansion.

Financial highlights

• Revenue: HK$55,812.6 million, up 65.8% YoY; payment revenue HK$49,083.1 million (+69.3% YoY), trading revenue HK$6,707.8 million (+46.4% YoY), platform revenue HK$21.7 million (down from HK$92.3 million YoY).

• Adjusted non-IFRS income: HK$330.9 million, up 75.5% YoY, excluding HK$200.0 million net fair value loss on digital assets.

• Cash and cash equivalents stood at HK$1,438.4 million (net of client liabilities) as of June 2026; house coin position HK$1,320 million.

• Cost of digital assets sold: HK$55,681.8 million, up 66.4% YoY, in line with revenue growth.

• Basic and diluted loss per share from continuing operations was HK$0.98 (1H2025: HK$0.03).

Outlook and guidance

• Six-pronged growth strategy: broaden stablecoin offerings, drive USDGO adoption, invest in infrastructure, embrace AI-driven agentic economy, enhance operational efficiency, and pursue global M&A, especially in high-growth emerging markets.

• Focus on converting built capacity into transaction volume, leveraging operational scale for profitability, and scaling OSL AgentPay for AI-driven commerce.

• Cost discipline to be maintained through automation and AI integration, aiming for long-term profitability.

• Expectation of further growth as market conditions normalize and trading activity recovers.