OFA Group (OFAL) Registration Filing summary

Company overview and business model

• Provides architectural design, fit-out, project management, and application services in Hong Kong, with expansion plans for the US and Asia-Pacific markets.

• Integrates AI and digital tools (e.g., Houzz, proprietary QikBIM platform) to enhance design efficiency and compliance.

• Launched a digital asset strategy, accepting and investing in cryptocurrencies (BTC, SOL, SUI) and exploring blockchain-based mortgage solutions.

• Operates as a holding company in the Cayman Islands with a wholly owned Hong Kong subsidiary; no PRC operations or VIE structure.

Financial performance and metrics

• FY2025 revenue: $202,007 (down 61.9% YoY); net loss: $714,680 (vs. $93,197 loss in FY2024).

• Gross profit margin improved to 43.9% in FY2025 from 33.0% in FY2024, driven by higher-margin services.

• Cash and equivalents as of March 31, 2025: $31,950; positive working capital of $93,229.

• Outstanding bank borrowings: $473,566 at 3.0% interest; no material off-balance sheet arrangements.

Use of proceeds and capital allocation

• May receive up to $100 million (expandable to $200 million) from equity facility with Atsion; 80% of net proceeds contractually allocated to cryptocurrency purchases, 20% for general corporate purposes.

• Digital asset purchases executed via regulated exchanges and managed by third-party asset manager; Bitwise Asset Management engaged as strategic advisor.