4Q26 Trading Update
| Stock | OFX Group Ltd (OFX.ASX) |
|---|---|
| Release Time | 23 Apr 2026, 8:20 a.m. |
| Price Sensitive | Yes |
OFX Reports 4Q26 Trading Update
- Successful completion of New Client Platform migration across major markets
- Non-FX revenue up 177.4% on PCP and 16.4% on 3Q26
- Clients with multiple products increased to 8.4%, with Australian adoption nearly doubling QoQ to 13.1%
OFX Group Ltd ('OFX') has provided a trading update for the fourth quarter of the financial year ending 31 March 2026 (4Q26). The key highlights include the successful completion of the New Client Platform ('NCP') migration across all major markets, with the remaining clients expected to migrate by the end of 1Q27. Non-FX revenue grew 177.4% on the prior corresponding period and 16.4% on 3Q26, with good momentum into FY27. The company also saw an increase in clients with multiple products, with 8.4% of all Corporate clients now using more than one OFX product. In Australia, this adoption has nearly doubled quarter-on-quarter to 13.1%, driven by the uptake of Cards and Subscriptions. Despite an unusually soft February, which weighed on the overall result, OFX is targeting a return to growth in Group Net Operating Income (NOI) in FY27, supported by stabilising the Consumer segment and growth in Corporate Active Clients. The company continues to make strong progress in its product delivery program, with the addition of more than 55 new features, including the launch of physical Corporate Cards in the US, UK, and EU, and further global accounting system integration enhancements. With respect to the Strategic Review announced in February 2026, OFX has received healthy interest from multiple parties and has taken a select number through to the next phase.
OFX is targeting growth in Group NOI and Corporate Active Clients in FY27. The expected NOI growth is based on stabilising Consumer revenue, and growth in Corporate active clients driving growth in Corporate revenue.
OFX is targeting growth in Group NOI and Corporate Active Clients in FY27. The expected NOI growth is based on stabilising Consumer revenue, and growth in Corporate active clients driving growth in Corporate revenue. Growth in Corporate active clients will be supported by lower lapse rates and the recent acceleration in new client acquisition.