• Net Operating Income up 11.3% vs 4Q25
• Active clients in Corporate down 1.6% vs 4Q25
• Global NCP rollout progressing well, with strong early traction in new markets
• New on-market share buy-back program to commence after AGM

OFX Group Ltd ('OFX' or 'the Group') has provided a trading update for the first quarter of the financial year ending 31 March 2026 (1Q26). Net Operating Income (NOI) rose 11.3% compared to 4Q25, reflecting a stronger performance in more stable market conditions and good execution as the New Client Platform (NCP) rollout gathers momentum. NOI growth was supported by a 15.7% increase in Group cross currency average transaction values, offset by a 6.3% reduction in Group cross currency transaction volumes. NOI fell 3.0% compared to the prior corresponding period. Active clients in the Corporate segment were down 1.6% compared to 4Q25, with the lowest lapse rate in five quarters in Australia, where ~40% of Corporate clients have been migrated onto the NCP as at 30 June 2025. Consumer revenue was up 2.4% compared to 4Q25, but down 9.1% compared to the prior corresponding period, on lower transaction volumes and higher average transaction values, consistent with FY25. Enterprise revenue was up 42.3% compared to 4Q25, and also grew 33.5% compared to the prior corresponding period, as positive momentum in the segment continues. The global NCP rollout is progressing well, with migration of existing Australian Corporate clients expected to be substantially complete in 2Q26. NCP went live in Canada in April and in EMEA in June for new clients, attracting strong early traction, with conversion of prospects to clients improving post launch. In light of the return to more stable market conditions, the board will initiate a new on-market share buy-back program, which will commence after the AGM.

The CEO stated that the company is 'well positioned to grow non-FX revenues and look forward to updating the market on our progress'.