OFX Group Ltd FY26 Results and Strategic Review Update
Key points
- FY26 Fee and Trading Income down 8.1% to $203.9 million
- Enterprise revenue up 23.5%, Corporate NTCs grew 8.3%
- OFX 2.0 strategy: New Client Platform migration 91% complete
- Outlook: Targeting higher Group NOI in FY27
- Strategic Review ongoing, expected update by June 2026
Full summary
OFX Group Ltd announced its FY26 results, showing Fee and Trading Income down 8.1% to $203.9 million due to a challenging operating environment. Corporate revenue declined 9.1%, while Enterprise revenue grew 23.5%. The global roll-out of OFX's New Client Platform is substantially complete, with 91% of major markets migrated. Non-FX revenue grew 12.1%, and Corporate NTCs increased by 8.3%. The company expects higher Group NOI in FY27, driven by growth in Corporate Active Clients and Enterprise segment. The Strategic Review is ongoing with an expected update by June 2026.
Guidance
OFX targets higher Group NOI in FY27, expecting growth in Corporate Active Clients and Enterprise segment.
Outlook
OFX expects higher Group NOI in FY27, driven by growth in Corporate Active Clients, stabilizing Consumer revenues, and continued growth in Enterprise. The company is targeting a return to positive operating leverage in FY27.
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