• New go-to-market initiative drives 15.6% growth in Corporate (ex OLS) New Transacting Clients vs 1Q26
• New Client Platform now live in all major markets, with 39.2% of existing Corporate clients migrated
• Delivered 80 new products, features and services on NCP in 2Q26

OFX Group Ltd ('OFX') provided a trading update for the second quarter of the financial year ending 31 March 2026 (2Q26). The highlights of the transition to OFX 2.0 include a 15.6% growth in Corporate (ex OLS) New Transacting Clients (NTCs) compared to 1Q26 and a 25.6% increase compared to the prior corresponding period (PCP), with positive momentum across all geographies. The New Client Platform (NCP) is now live in all of OFX's major markets, and the migration of Corporate clients to the NCP is on track and generating healthy engagement. OFX delivered 80 new products, features and services on the NCP in 2Q26.Net Operating Income (NOI) was down 8.8% compared to 1Q26, impacted by ongoing macroeconomic uncertainty, which resulted in a 9.1% decline in Group cross currency Average Transaction Values (ATVs), partially offset by a 4.1% increase in transaction volumes. Corporate Active Clients declined 0.6% compared to 1Q26, but the rate of decline is slowing, driven by growth in NTCs and reactivations, especially in markets where a substantial proportion of Corporate clients have been migrated to the NCP. The High-Value Consumer segment was also affected by weak consumer confidence and lower volatility. Enterprise revenue for 2Q26 was $3.3m, up 8.8% compared to 1Q26 and up 55.7% compared to PCP, continuing its strong growth momentum. Bad debts for 1H26 are higher than expected at $3.2m due to a small number of incidents in the North American Corporate segment.The refreshed go-to-market strategy is driving stronger acquisition onto the NCP in markets where it has gone live. The migration of existing Corporate clients to NCP is accelerating, with 39.2% of all existing global Corporate active clients now migrated to the new platform. Migrated cohorts are performing well, with higher FX revenue for the half relative to their pre-migration activity.

The global NCP migration is progressing very well and supports OFX's ability to grow active clients, NOI and EBITDA as seen by the activity of clients migrated.