Futu: Completed approximately $160 million US depositary share repurchase

BlockBeats News, May 23 — Futu Holdings announced today that, as of May 23, 2026, the company has repurchased approximately $160 million worth of American Depositary Shares (corresponding to Class A ordinary shares) under the share repurchase plan announced on November 18, 2025. Based on market conditions, the company may continue to execute repurchases from time to time in accordance with the existing share repurchase plan.

BlockBeats reported yesterday that after the China Securities Regulatory Commission (CSRC) proposed a penalty of about 1.85 billion RMB (approximately $271 million) for Futu’s cross-border business activities, market attention has focused on its profitability and actual pressure levels. Futu Holdings’ 2025 financial report shows that the company achieved total revenue of HKD 22.85B for the year, a year-on-year increase of 68.1%; Non-GAAP net profit reached HKD 11.65B (about $1.49 billion), a year-on-year increase of 101.9%.

Based on profit scale, the proposed penalty amount accounts for approximately 18% of Futu’s Non-GAAP net profit in 2025. Market analysis suggests that, given current profitability, Futu has the capacity to bear the relevant fines, but stricter regulation of cross-border business activities may have a sustained impact on the industry’s future business models.