FY25 Appendix 4E
| Stock | OFX Group Ltd (OFX.ASX) |
|---|---|
| Release Time | 20 May 2025, 9:22 a.m. |
| Price Sensitive | Yes |
OFX Group Ltd Reports FY25 Results
- Revenue down 3.39% to $221.9 million
- Underlying net profit down 18.2% to $27.7 million
- Statutory net profit down 20.6% to $24.9 million
- No dividends paid in current or prior period
- On-market share buyback program renewed and completed
OFX Group Ltd has released its Appendix 4E for the financial year ended 31 March 2025. The company reported a 3.39% decrease in revenue from ordinary activities to $221.9 million, compared to $229.7 million in the prior year. Underlying net profit for the period attributable to members of the parent (before non-controlling interest) was down 18.2% to $27.7 million, from $33.8 million in the previous year. Statutory net profit for the period attributable to members of the parent (before non-controlling interest) declined 20.6% to $24.9 million, down from $31.3 million in the prior year. The company did not pay any dividends in the current or prior period. On 23 May 2023, the company announced an on-market share buyback program, which was renewed on 21 May 2024. The renewed program was completed on 19 May 2025, with a total of 9,218,924 ordinary shares bought back during the current period, at a total cost of $13.7 million. The total buyback since inception is 17,787,430 ordinary shares.