OFX Group Limited (ASX:OFX) Announces FY25 Results and Accelerated Platform Roll-Out
Financial Performance
OFX Group Limited (ASX:OFX) reported fee and trading income of $221.9 million for FY25, a decrease of 3.4% (down 1% on a constant currency basis) compared to the prior period. Corporate revenue declined by 4.3%, while enterprise revenue increased by 17%. Regional revenues fell across APAC, North America, and EMEA.
Investment in New Client Platform
The Group accelerated the global roll-out of its New Client Platform (NCP), initially launched to new Australian corporate clients in June 2024 and then gradually to existing Australian Corporate clients from
the second half. This rollout continues into the first quarter of FY26. NCP was also introduced to new
Canadian clients from April 2025.
OFX plans to make NCP available to all new corporate clients globally by the end of FY26.
Cash and Capital Management
OFX generated $72.5 million in net cash from operating activities and repaid $24.0 million of debt related to the acquisition of Firma. The company completed its share buy-back program, acquiring 9.2 million shares for $13.7 million, and may consider future buy-backs in FY26.
Outlook
Amid global economic uncertainty, OFX is not providing net operating income guidance for FY26. The Group focuses on growing NOI and expects its investment strategy to deliver over 15% annual NOI growth from FY28.
Executive Comments
Chief Executive Officer and Managing Director Skander Malcolm said: “We have a very attractive value proposition for SMEs globally, we know they are very willing and ready to switch providers, and our team is highly engaged and aligned on the opportunity. The core business generates strong cash flows which we will use to support a considerably higher growth profile.
“While our Underlying EBITDA margins will be lower in FY26 and FY27, the investment in an accelerated roll-out will generate strong and more sustainable returns as we grow our higher-margin non-FX revenue streams and the lifetime value of our Corporate client base. We are more confident than ever that this is the right course of action for the business in generating long-term value for shareholders.”
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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