• OFX undertaking a Strategic Review to explore organic and inorganic opportunities to maximize shareholder value
• Good progress on 2.0 strategy with strong non-FX revenue growth, but 3Q FY26 NOI impacted by softer macroeconomic environment
• Resignation of Chief Financial Officer and commencement of executive search process

OFX Group Ltd ('OFX') today announced the commencement of a strategic review to explore a range of organic and inorganic options seeking to maximize value for shareholders. The Board believes the long-term value of OFX is not reflected in the current share price, noting the company's robust global infrastructure, strong cash generation, and growth prospects through its 2.0 strategy. While OFX continues to make good progress with the New Client Platform (NCP) rollout, the Board acknowledges that topline growth in the core business has remained subdued. OFX has appointed Goldman Sachs Australia as its financial advisor for the strategic review. The company also provided a trading update for 3Q FY26, highlighting 44% growth in non-FX revenue, on-track migration of existing clients to the NCP, and continued progress in its product delivery program. However, Net Operating Income (NOI) was down 4% sequentially and 11.7% year-over-year, impacted by a softer macroeconomic environment and lower FX volatility. The company expects 2H FY26 NOI to be lower than the prior corresponding period. Separately, OFX announced the resignation of its Chief Financial Officer, Ms. Selena Verth, after more than 8 years with the group. A search for a new CFO has commenced.

Given 3Q26 trading, OFX expects 2H26 NOI to be lower than the prior corresponding period. OFX will continue to provide quarterly performance updates and half- and full-year results announcements.