HashKey Holdings reported HK$342.5 million in income for the primary half of 2026, a rise of 20.6% from the identical interval a yr earlier. Its unaudited interim outcomes launched on August 27 additionally present that the corporate’s non-IFRS adjusted loss narrowed 21% to HK$314.8 million.
Buying and selling providers produced most income
Transaction-facilitation income rose 38.6% to HK$267.9 million, accounting for a lot of the group’s reported gross sales. Whole platform buying and selling quantity elevated 31.8% to HK$282.2 billion, whereas institutional buyer quantity climbed 58.8% to HK$231.5 billion.
Institutional exercise represented 82% of platform quantity in the course of the reporting interval. Gross revenue elevated 12.5% to HK$207.5 million, whereas the corporate stated its gross margin improved sequentially to 60.6% from the second half of 2025.
Tokenized belongings expanded quicker than the core group
HashKey reported HK$2.68 billion in complete worth locked throughout on-chain real-world belongings, up 167.8% yr over yr. The corporate cited a tokenized Hong Kong real-estate mission and a regulated silver token amongst merchandise delivered in the course of the interval.
The group has continued including externally managed tokenized funds, together with plans to distribute Franklin Templeton’s OnChain US Authorities Liquidity Fund. Its alternate enterprise has additionally strengthened banking entry by means of a JPMorgan-approved account association.
Adjusted loss stays bigger than income
Though the adjusted loss improved from HK$398.3 million a yr earlier, it remained near the scale of first-half income. HashKey defines the non-IFRS measure by excluding share-based funds, sure preferred-share curiosity and a few digital-asset valuation modifications.
The exclusions imply adjusted loss shouldn’t be handled as equal to statutory internet earnings. HashKey additionally reported HK$5.94 billion in belongings beneath administration and HK$38.84 million in asset-management income. Future profitability will depend upon whether or not rising institutional quantity and tokenization income can outpace working and growth prices.
The corporate can be pursuing regional growth. It signed a framework settlement in July to accumulate Singapore’s APEX alternate, which holds alternate and clearing-house licences, and beforehand invested in a Vietnamese trading-platform enterprise. These transactions might broaden HashKey’s regulated footprint, however their integration prices and execution dangers can’t be evaluated from first-half buying and selling development alone. They may even have an effect on future profitability. Outcomes stay unsure.
