OSL hits profitability with HK$55m return

The HKEX listed exchange benefitted from surging crypto prices, and is looking at overseas markets and payment expansion.

Digital assets firm OSL Group reported 2024 revenue of HK$374.7 million $48.2 million, up 78.6% from the previous year. This helped OSL make HK$54.8 million in profit, a turnaround from a loss of HK$249.8 million the year before, helping the firm achieve profitability for the first time.

The firm’s digital assets markets business contributed revenue of HK$283 million in 2024, mainly from over the counter OTC trading, request for quotation RFQ and exchange businesses while revenue from the digital assets technology infrastructure business reached HK$92 million, driven by Software-as-a-Service SaaS offerings.

According to a disclosure to the Hong Kong Stock...

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