OFX Group (ASX:OFX) has kicked off a formal strategic review, signaling that the company is exploring a range of options, including a potential sale.
The decision comes as the Board asserts that the current share price does not accurately reflect the firm's long-term value, despite its robust global infrastructure and strong cash generation.
To lead the process, OFX has appointed Goldman Sachs Australia as its financial advisor.
The move follows an uptick in "inbound inorganic interest"—industry speak for unsolicited takeover bids—from competitors and private equity players.
The review aims to weigh these external offers against the company's internal "2.0 strategy" and its ongoing roll-out of the new client platform.
While the group reported significant growth in non-FX revenue, the trading update for Q3 FY26 highlighted a challenging landscape.
Net operating income continues to be suppressed by a soft macroeconomic environment and "subdued" topline growth in its core business.
Adding to the period of transition, OFX also confirmed the resignation of its CFO, initiating an immediate executive search.