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OFX Group Limited (ASX:OFX)

ALERT: Price-sensitive ASX Announcement for OFX
Current share price for OFX : $0.550 -0.005 (-0.90%)+
Announcement
Release
19 May 2026 8:20AM
Price at Release
$0.555
Full Release
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Summary
OFX Group Limited reported FY26 results, highlighting a challenging operating environment with an 8.1% decrease in Fee and Trading Income to $203.9 million. Despite a decline in Net Operating Income by 8.5% to $196.6 million, the company made significant progress on its OFX 2.0 strategy, rolling out its New Client Platform for Corporate clients with 91% migration in major markets. The firm saw growth in Non-FX revenue and Corporate New Transacting Clients. However, Underlying EBITDA fell by 56.4% to $25.2 million due to increased investment and a rise in bad debts. OFX's strategic review is ongoing with updates expected by June 2026, aiming for NOI growth and a return to positive operating leverage in FY27.
Key Points
  • Net Operating Income decreased by 8.5% to $196.6 million.
  • Underlying EBITDA fell by 56.4% to $25.2 million.
  • OFX 2.0 strategy rollout with 91% client migration in major markets.
  • Non-FX revenue increased by 12.1%.
  • Corporate New Transacting Clients grew by 8.3%.
  • Ongoing strategic review with updates expected by June 2026.
  • Targeting NOI growth and positive operating leverage in FY27.
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.