OFX Group (ASX: OFX) — Company Overview, News & Financial Data
OFX Group specializes in foreign exchange and international money transfer solutions, providing competitive rates for users.
OFX Group
OFX Group is an Australian international money transfer and financial technology company providing cross-border payments, foreign exchange risk management, and spend management platform solutions. Founded in 1998 and headquartered in Sydney, the company serves individual, business, and enterprise clients across international markets. Its platform enables clients to send funds in over 30 currencies across more than 170 countries, issue corporate cards, manage multi-currency accounts, and automate accounts payable processes. Operating under regulatory licenses in regions including Australia, North America, Europe, and Asia-Pacific, the enterprise operates an international network supporting global transaction flows and commercial payment requirements.
Snapshot
Operations
Products and/or services of OFX Group
- International Payments and Wire Transfers: Global cross-border transfer services facilitating money transfers in over 30 currencies across more than 170 countries, enabling enterprise and small business customers to execute batch payments and international supplier settlements efficiently.
- Foreign Exchange and Hedging Solutions: Foreign exchange risk management tools including spot transfers, forward contracts, and limit orders that allow commercial and individual clients to lock in exchange rates and protect operating margins against currency volatility.
- Global Business Accounts: Multi-currency account infrastructure providing business clients with local account details in jurisdictions such as USD, CAD, EUR, and GBP to receive, hold, and disburse international funds without unnecessary conversion fees.
- Corporate Cards and Spend Management: Issuance of digital and physical corporate credit cards integrated with expense control controls, enabling real-time spending limits, multi-currency card settlements, receipt capture, and automated employee expense reimbursement workflows.
- Accounts Payable and Bill Automation: Automated accounts payable software utilizing artificial intelligence to parse vendor invoices, structure approval workflows, flag duplicate payments, and synchronize financial data directly with accounting software platforms like Xero and QuickBooks.
- Personal FX and Consumer Transfers: Consumer-focused international money transfer solutions offering competitive currency exchange rates, mobile applications, rate alerts, and customer service for individuals transferring personal capital, buying foreign real estate, or relocating internationally.
OFX Group executive team
- John Alexander MalcolmCEO, MD & Executive Director
- James Gladstone GeorgesonChief Financial Officer
- Adam ThomasChief Technology Officer
- Matthew GregorowskiInvestor Relations
- Adrian WongChief Legal Officer & Company Secretary
- Kate SvobodaChief People & Culture Officer
- Yung NgoChief Customer Officer
- Axel FreytagChief Commercial Officer of B2C
- Maeve McMahonChief Commercial Officer of B2B
- Joshua GoinesChief Growth Officer
Latest news about OFX Group
OFX Group revenue drops 15.5% to $92.2M
AustraliaOFX Group ends acquisition deal with Equals Group
AustraliaOFX Group detects unauthorized client data access
AustraliaOFX EBITDA plummets 56% amid tough FY26
AustraliaOFX completes platform migration amid mixed financial results
AustraliaOFX eyes sale amid strategic review and CFO exit
Australia
Recent announcements
What OFX Group (OFX) has told the market, newest first.
- Becoming a substantial holder
- Cybersecurity incidentPrice sensitive
- Ceasing to be a substantial holder
- Change of Director's Interest Notice
- Application for quotation of securities - OFX
- Notification of cessation of securities - OFX
Dividend history
Dividends per share paid by OFX Group, by financial year.
| Financial year | Interim | Final | Special | Total |
|---|---|---|---|---|
| FY2021 | A$0.0081 | — | — | A$0.0081 |
| FY2020 | A$0.0235 | A$0.0235 | — | A$0.0470 |
| FY2019 | A$0.0264 | A$0.0328 | — | A$0.0592 |
| FY2018 | A$0.0240 | A$0.0300 | — | A$0.0540 |
| FY2017 | A$0.0280 | A$0.0290 | — | A$0.0570 |
Key financials
Reported results for OFX Group, in AUD.
- Market cap
- 101.2M
- Revenue (TTM)
- 213M
- P/E ratio
- —
- EPS (diluted, TTM)
- 0.0
- Dividend yield
- —
- Profit margin
- -0.2%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 213M | 1.6M | -391K | |
| 8.3M | 27.9M | 24.9M | |
| 242.7M | 46.5M | 31.3M | |
| 228.9M | 49.3M | 31.4M |