• Statutory net profit after tax down 78% to $2.4 million
• Fee and trading income down 4.7% to $109.1 million
• Total expenses increased 8.7% to $105.5 million

OFX Group Limited reported a 78% decrease in statutory net profit after tax to $2.4 million for the half year ended 30 September 2025, compared to $10.7 million in the prior corresponding period. Fee and trading income declined 4.7% to $109.1 million, reflecting ongoing global macroeconomic uncertainty and subdued business confidence across key markets. Total expenses increased 8.7% to $105.5 million, largely due to higher employment and promotional costs to support the accelerated 2.0 strategy, as well as $3.2 million of higher-than-expected bad debts arising from a small number of incidents in the North American Corporate segment. The Group is actively pursuing recoveries and has strengthened its risk controls. The result also included a $1.1 million fair value gain on contingent consideration. The Group continued to execute on its mission to simplify financial operations for global businesses, with its 2.0 strategy providing a strong foundation for future revenue growth through the New Client Platform (NCP). The NCP is now live across all major markets, with Corporate client migration progressing to plan and generating healthy engagement.

The global roll-out of the NCP continues to deliver strong client engagement, with growth in new clients across all regions. At the end of 1H26, approximately 39% of existing Corporate clients had migrated to NCP, with migration completion expected through 2H26. The Group has completed a refresh of its High-value Consumer strategy, with migration of this segment to the NCP expected in FY27.