OFX Group's Revenue Down in Fiscal Q2

MT Newswires Live

2025/10/27

OFX Group (ASX:OFX) said its revenue for the second quarter of fiscal year 2026 fell to AU$31.3 million, compared with AU$34.4 million in the year-ago period, according to a Monday Australian bourse filing.

Its net operating income in fiscal Q2 was down 8.8% compared to the fiscal first quarter, impacted by ongoing macroeconomic uncertainty. Bad debts for the fiscal first half are higher than expected at AU$3.2 million due to a small number of "incidents" in the North American Corporate segment.

The firm's new client program is now live in all of its major markets, and the migration of corporate clients to the new client program is on track.

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