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Futu Completes $160 Million ADS Buyback

AirdropBlackHole
On May 23, Futu Holdings announced that as of May 23, 2026, the company has repurchased approximately $160 million worth of American Depositary Shares (corresponding to the company's Class A ordinary shares) under the share repurchase plan announced on November 18, 2025. Depending on market conditions, the company may continue to execute buybacks under the existing share repurchase plan from time to time. BlockBeats reported yesterday that after the China Securities Regulatory Commission proposed a penalty of approximately 1.85 billion RMB (about $271 million) against Futu for its related cross-border business activities, the market is paying attention to its profitability and actual pressure levels. Futu Holdings' 2025 financial report shows that the company achieved total revenue of HKD 22.847 billion for the year, a year-on-year increase of 68.1%; Non-GAAP net profit reached HKD 11.645 billion (approximately $1.49 billion), a year-on-year increase of 101.9%. Based on profit scale calculations, the proposed penalty amount is approximately 18% of Futu's 2025 Non-GAAP net profit. Market analysts believe that given the current profitability, Futu has the capacity to bear the related fines, but the tightening of cross-border business regulations may have a lasting impact on the industry's future business models.
FUTU-27.71%
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