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OSL Group Limited
(0863)
OSL Group Limited (0863) vs. iShares MSCI Hong Kong ETF (EWH)
OSL Group Limited Business Overview & Revenue Model
OSL Group Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 446.39M | 374.75M | 209.84M | 71.48M | 324.34M | 243.74M |
| Gross Profit | 121.50M | 181.86M | 192.24M | 70.17M | 299.77M | 196.48M |
| EBITDA | 94.60M | 82.83M | -185.82M | -486.24M | -262.47M | -182.67M |
| Net Income | 25.43M | 47.65M | -263.86M | -541.04M | -375.68M | -278.75M |
Balance Sheet | ||||||
| Total Assets | 2.12B | 1.86B | 1.44B | 2.51B | 5.28B | 4.04B |
| Cash, Cash Equivalents and Short-Term Investments | 459.21M | 812.41M | 218.66M | 1.01B | 954.52M | 414.01M |
| Total Debt | 157.89M | 58.82M | 17.35M | 139.75M | 275.18M | 757.18M |
| Total Liabilities | 977.61M | 579.37M | 1.05B | 1.85B | 4.09B | 3.88B |
| Stockholders Equity | 1.15B | 1.29B | 411.74M | 672.10M | 1.19B | 169.27M |
Cash Flow | ||||||
| Free Cash Flow | -285.62M | -322.81M | -686.40M | 169.23M | -461.98M | -51.46M |
| Operating Cash Flow | -273.90M | -319.76M | -686.40M | 171.07M | -415.34M | -42.13M |
| Investing Cash Flow | -21.50M | 3.19M | 6.30M | 14.96M | -104.32M | -8.60M |
| Financing Cash Flow | -12.27M | 695.90M | -80.94M | -124.50M | 1.06B | 251.18M |
OSL Group Limited Technical Analysis
OSL Group Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$8.07B | 18.52 | 6.90% | 3.47% | -17.90% | 56.67% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | HK$5.65B | 18.33 | 3.62% | ― | -28.46% | -13.25% | |
61 Neutral | HK$13.32B | 423.23 | 4.01% | ― | 115.40% | ― | |
59 Neutral | HK$12.19B | 54.69 | 8.42% | ― | 22.86% | 5105.88% | |
52 Neutral | HK$9.50B | -5.70 | -55.81% | ― | -34.07% | -29.27% | |
43 Neutral | HK$5.83B | -87.43 | -1.31% | 3.10% | -17.48% | 83.80% |
OSL Group Limited Corporate Events
OSL Group Limited has implemented its 2025 Share Award Scheme with a grant of 5,428,770 awarded shares to 154 eligible participants, including directors, subsidiary directors, service provider consultants, and employees, in a move aimed at incentivising and aligning key stakeholders with the company’s longer-term objectives. The award allocation spans senior leadership and operational staff, as well as external service providers supporting technology, global expansion, business development, and professional support, indicating a broad-based equity incentive strategy designed to support business growth, talent retention, and the strengthening of operational capabilities across the group.
The most recent analyst rating on (HK:0863) stock is a Hold with a HK$20.00 price target. To see the full list of analyst forecasts on OSL Group Limited stock, see the HK:0863 Stock Forecast page.
OSL Group Limited has entered into a placing and top-up subscription arrangement under its general mandate, whereby an existing shareholder (the Vendor) will sell a tranche of existing shares to at least six placees at HK$14.90 per share, and then subscribe for an equivalent number of new shares at the same price. Assuming the placing is fully executed, the shares involved will represent about 13.2% of the company’s current issued share capital, and about 11.6% of the enlarged share capital following completion of the top-up subscription, generating expected gross proceeds of approximately HK$1.56 billion and estimated net proceeds of about HK$1.55 billion for the company. The transaction, which is being arranged on a best-effort basis by a sole placing agent and remains subject to conditions precedent, is designed to raise substantial new equity capital while maintaining the Vendor’s stake, with potential implications for shareholder dilution, capital structure, and the company’s financial flexibility once completed.
The most recent analyst rating on (HK:0863) stock is a Buy with a HK$19.00 price target. To see the full list of analyst forecasts on OSL Group Limited stock, see the HK:0863 Stock Forecast page.
OSL Group Limited has granted a total of 5,428,770 awarded shares under its 2025 Share Award Scheme to 154 eligible participants, including directors, subsidiary directors, 30 external service provider consultants and 117 employees. The allocation, which includes notable grants to the company’s chairman, executive directors and chief executive officer, as well as a substantial pool for service providers involved in technology, global expansion and business development, is designed to align the interests of key internal and external contributors with the group’s long-term growth and operational objectives, and may help reinforce talent retention and strengthen strategic execution across its core business functions.
The most recent analyst rating on (HK:0863) stock is a Buy with a HK$19.00 price target. To see the full list of analyst forecasts on OSL Group Limited stock, see the HK:0863 Stock Forecast page.
OSL Group has issued a profit warning, guiding for a net loss from continuing operations of HK$370 million to HK$430 million for 2025, reversing from a profit of about HK$55 million a year earlier, as it ramps up strategic global expansion and absorbs market-related valuation losses on its digital asset holdings. Despite the headline loss, the group reports strong operational momentum, with IFRS income from its digital assets and blockchain platform business expected to rise 20%–41% and adjusted non-IFRS income projected to surge 129%–166%, driven by higher transaction volumes, growing demand for regulated digital asset services, and new products such as OSL Pay, while one-off professional and licensing costs and non-cash fair value losses weigh on reported earnings.
The most recent analyst rating on (HK:0863) stock is a Buy with a HK$18.50 price target. To see the full list of analyst forecasts on OSL Group Limited stock, see the HK:0863 Stock Forecast page.
OSL Group Limited has obtained shareholder approval at its extraordinary general meeting on 21 January 2026 to revoke its previous general mandate to issue new shares and to grant a fresh general mandate authorising the board to allot, issue and deal with additional shares. The resolution was passed by poll with approximately 91.76% of votes in favour, clearing a key procedural hurdle that restores flexibility for the directors to raise capital or undertake corporate actions involving new share issuance, which may influence the company’s future funding strategy and capital structure.
The most recent analyst rating on (HK:0863) stock is a Hold with a HK$20.00 price target. To see the full list of analyst forecasts on BC Technology Group Limited stock, see the HK:0863 Stock Forecast page.
OSL Group Limited has strengthened its board with the appointment of Ms. Ko Kit Man Liza as an independent non-executive director effective 15 January 2026, reflecting its focus on bringing in seasoned capital markets and compliance expertise. Ko, currently CFO of MingMed Biotechnology and a former vice president in the Listing Division of the Hong Kong Stock Exchange, will receive annual remuneration of HK$700,000 and has been confirmed as independent under Hong Kong listing rules.
The appointment coincides with the resignation of independent non-executive director Mr. Yang Huan, who is stepping down to devote more time to personal commitments, and triggers a reshuffle of key board committees: Yang has ceased to serve on the audit, nomination and remuneration committees, while Ko has been named to all three. The changes signal continuity in OSL’s governance structure and committee coverage despite the board transition, aiming to maintain robust oversight of financial reporting, board appointments and executive pay for shareholders and other stakeholders.
The most recent analyst rating on (HK:0863) stock is a Hold with a HK$19.00 price target. To see the full list of analyst forecasts on BC Technology Group Limited stock, see the HK:0863 Stock Forecast page.
OSL Group Limited has announced an updated composition of its board of directors effective 15 January 2026, naming Lawrence Lee Kam Hung as non-executive chairman and confirming Cui Song as chief executive officer alongside three other executive directors and three independent non-executive directors. The company has also detailed the allocation of directors across its key board committees, with specific chairmanships and memberships assigned for the audit, nomination, remuneration and risk management committees, underscoring a structured governance framework likely aimed at strengthening oversight and aligning with corporate governance best practices for shareholders and other stakeholders.
The most recent analyst rating on (HK:0863) stock is a Hold with a HK$19.00 price target. To see the full list of analyst forecasts on BC Technology Group Limited stock, see the HK:0863 Stock Forecast page.
OSL Group Limited has completed its previously announced major transaction to acquire Banxa, following satisfaction or waiver of all conditions under the arrangement agreement. The deal, finalized on 2 January 2026, results in Banxa becoming an indirect wholly owned subsidiary of OSL, consolidating Banxa’s operations under the group and potentially strengthening OSL’s capabilities and scale in its digital asset and financial technology businesses, with expected implications for its competitive positioning and growth strategy in the sector.
The most recent analyst rating on (HK:0863) stock is a Hold with a HK$19.00 price target. To see the full list of analyst forecasts on BC Technology Group Limited stock, see the HK:0863 Stock Forecast page.
OSL Group Limited has called an extraordinary general meeting for 21 January 2026 in Hong Kong to seek shareholder approval for a new general mandate allowing its directors to issue up to 20% of the company’s existing share capital. The proposal would revoke the existing mandate granted at the June 2025 annual meeting and replace it with fresh authority for the board to allot, issue and deal in new shares and convertible securities, excluding rights issues, employee share schemes, scrip dividends and existing convertible instruments. If approved, the renewed mandate would give OSL greater flexibility to raise capital and pursue strategic transactions during the mandate period, potentially supporting its expansion plans in the digital asset sector but also implying possible equity dilution for existing shareholders.
The most recent analyst rating on (HK:0863) stock is a Hold with a HK$19.00 price target. To see the full list of analyst forecasts on BC Technology Group Limited stock, see the HK:0863 Stock Forecast page.
OSL Group Limited has announced a one-month extension of the outside date for its proposed acquisition of Banxa to accommodate additional time needed for fulfilling or waiving regulatory and other conditions outlined in the arrangement agreement. While the extension suggests ongoing commitment to the acquisition, the company has highlighted that the completion of the transaction remains uncertain, advising caution for stakeholders.
The most recent analyst rating on (HK:0863) stock is a Hold with a HK$19.00 price target. To see the full list of analyst forecasts on BC Technology Group Limited stock, see the HK:0863 Stock Forecast page.