Victory Securities (Holdings) forecasts a pre-tax profit of approximately HK$4,704 million to HK$5,179 million for the first half of 2025, ending June 30. The company also expects a net profit ranging from HK$4,072 million to HK$4,548 million. This financial turnaround is driven by a substantial increase in client portfolio value and a remarkable 2,000% year-on-year growth in revenue from virtual asset-related derivatives.