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OFX Group Limited (ASX:OFX)

ALERT: Price-sensitive ASX Announcement for OFX
Current share price for OFX : $0.515 -0.055 (-9.65%)+
Announcement
Release
11 Nov 2025 8:22AM
Price at Release
$0.570
Full Release
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Summary
OFX Group Limited reported its 1H26 results for the six months ending 30 September 2025. The company faced a challenging macroeconomic environment, resulting in a 4.7% decrease in Fee and Trading Income to $109.1 million and a 5.6% decline in Net Operating Income to $105.0 million compared to the previous corresponding period. Despite a decrease in revenue, the company observed an increase in transaction volumes and a significant rise in Enterprise revenue by 46.7%. OFX's OFX 2.0 strategy is being rolled out globally, with a refreshed client platform and go-to-market strategy, aiming to enhance client acquisition and engagement. By the end of 1H26, the company had migrated 39% of its existing Corporate Active Clients to the new client platform, with plans to complete this migration by 2H26. OFX continues to maintain healthy cash flow, generating $16.5 million in net cash from operating activities, and has executed a share buy-back program. Looking forward, OFX targets further growth in Net Operating Income and plans to complete its client migration and continue its strategic investments.
Key Points
  • OFX Group Limited announced results for 1H26 ending 30 September 2025.
  • Fee and Trading Income decreased by 4.7% to $109.1 million.
  • Net Operating Income fell by 5.6% to $105.0 million.
  • Enterprise revenue increased by 46.7%.
  • OFX is executing its OFX 2.0 strategy with a global platform rollout.
  • Client migration to the new platform is progressing well, with 39% completed by 1H26.
  • The company generated $16.5 million in net cash from operating activities.
  • OFX has initiated a share buy-back program.
  • Outlook includes further Net Operating Income growth and completion of client migration.
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.