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OFX Group Limited (ASX:OFX)

ALERT: Price-sensitive ASX Announcement for OFX
Current share price for OFX : $0.830 0.01 (1.22%)+
Announcement
Release
27 Oct 2025 8:30AM
Price at Release
$0.820
Full Release
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Summary
OFX Group Limited's 2Q26 trading update highlights the launch of 80 new products and the ongoing migration to the New Client Platform, which is enhancing client engagement and activity. Despite the progress, macroeconomic uncertainties have led to an 8.8% decrease in Net Operating Income compared to 1Q26, with the Corporate segment particularly affected. The update also outlines continued strategic developments and anticipates the release of half-year results for FY26 on 11 November 2025.
Key Points
  • OFX Group Limited provided a 2Q26 Trading Update for the financial year ending 31 March 2026.
  • OFX launched 80 new products, features, or services in 2Q26 including Quickbooks two-way sync and Pay by card.
  • The New Client Platform (NCP) migration for Corporate clients is progressing well with significant client engagement.
  • Net Operating Income (NOI) decreased by 8.8% compared to 1Q26 due to macroeconomic uncertainties.
  • Corporate segment experienced a decline in revenue impacted by lower transaction volumes.
  • The migration to OFX 2.0 and the NCP has resulted in improved client activity and engagement.
  • The company's half-year results for FY26 are scheduled to be released on 11 November 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.