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OFX Group Limited (ASX:OFX)

ALERT: Price-sensitive ASX Announcement for OFX
Current share price for OFX : $0.555 0.045 (8.82%)+
Announcement
Release
23 Apr 2026 8:20AM
Price at Release
$0.510
Full Release
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Summary
OFX Group Limited has provided a trading update for the fourth quarter of the financial year ending 31 March 2026, highlighting significant progress in its 2.0 transition. The company successfully migrated most of its Corporate clients to the New Client Platform (NCP) across major markets, with remaining migrations expected by 1Q27. During 4Q26, while Net Operating Income (NOI) saw a decline due to a soft February, non-FX revenues increased significantly. There was a notable increase in clients adopting multiple products, especially in Australia. OFX is focusing on growing Corporate Active Clients and stabilizing the Consumer segment to drive NOI growth in FY27. Additionally, OFX has been involved in a Strategic Review with interest from multiple parties, though no binding outcomes have been guaranteed. The company plans to release full FY26 results on May 19, 2026.
Key Points
  • Successful NCP migration across major markets, remaining clients to migrate in 1Q27.
  • Non-FX revenue up 177.4% year over year with strong March momentum.
  • Corporate clients adopting multiple products increased significantly.
  • 4Q26 NOI decline primarily due to a soft February.
  • Strategic Review underway with interest from multiple parties.
  • OFX targets NOI growth in FY27 by expanding Corporate Active Clients.
  • Full FY26 results to be announced on May 19, 2026.
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.