OFX Group Ltd. · ASX:OFX

OFX — H1 2027 Earnings Presentation

30 slides from OFX's earnings presentation, Nov 10, 2026

  1. Slide 1: 1H27 financial results & outlook

    1H27 financial rsonal use only results & outlook 10 November 2026 OFX Group Limited ACN 165 602 273

  2. Slide 2: Agenda

    Agenda rsonal use only 1. Overview 2. Performance update 3. 1H27 financials 4. FY27 priorities & outlook 5. Q&A 6. Appendices 2

  3. Slide 3: Overview

    rsonal use only Overview Skander Malcolm Chief Executive Officer and Managing Director 3

  4. Slide 4: Overview

    Overview rsonal use only Strategic delivery Returning to profitability Strategic review continuing Top line momentum Discussions continue with Equals on a non-exclusive Positive revenue growth (QoQ) delivered across the last two basis. quarters against backdrop of weak business and consumer confiden

  5. Slide 5: Performance update

    rsonal use only Performance update Skander Malcolm Chief Executive Officer and Managing Director 5

  6. Slide 6: Challenging trading conditions through 1H27; business momentum returning

    Challenging trading conditions through 1H27; business momentum returning rsonal use only Net Operating Income Underlying EBITDA ARPC $89.2m $4.0m $4.0k (15.0) % v PCP (72.4)% v PCP (4.0)% v PCP (2.7)% v 2H26 (62.6)% v 2H26 (1.7)% v 2H26 NOI margin Net Available Cash Non-FX Wallet revenue balances 64

  7. Slide 7: Ongoing softer macro environment impacting FX volumes

    Ongoing softer macro environment impacting FX volumes Fee and trading1 income linked to business confidence 1H27 Volatility3 in line with lower FY26 trend rsonal use only 1H27 Fee & trading income, $m Monthly Average 0.6 Ø 15 ~$15.5m 1H27 22.0 20.0 FY25: 80 days 18.0 0.0 FY26: 46 days 16.0 1H27: 26

  8. Slide 8: Corporate multi-product adoption driving stronger client retention

    Corporate multi-product adoption driving stronger client retention Multi-product adoption On an annual basis, On a quarterly basis6, continues to grow OFX Active Clients steady OFX Active Clients growing rsonal use only NCP Clients with >1 Non-FX Product1, % LTM Corporate Active Clients4, #k QTR Cor

  9. Slide 9: Multi-product FX clients deliver 2x revenue and 3x lower lapse rate

    Multi-product FX clients deliver 2x revenue and 3x lower lapse rate (v FX only) Multi-product FX2 clients’ ARPC is ~2x that of Multi-product FX clients are ~3x less likely to lapse in the FX only clients following quarter rsonal use only OFX only, Quarterly ARPC1, $k OFX only, Quarterly Inactive Cli

  10. Slide 10: Revenue sources scaling: annualised Non-FX is now $4m+, interest is $6m+

    Revenue sources scaling: annualised Non-FX is now $4m+, interest is $6m+ Non-FX revenue, $k +178.9% ~$1.6m rsonal use only • $1m Non-FX revenue in 1,020 2Q27 annualising to >70% Corporate Active Clients migrated $4.1m through 3Q26 778 • $1.6m 2Q27 interest 479 income on growing wallet balances, annu

  11. Slide 11: 1H27 financials

    rsonal use only 1H27 financials James Georgeson Chief Financial Officer 11

  12. Slide 12: A resilient business

    A resilient business Fee and trading income 1H26 2H26 1H27 V 1H26% • Fee and trading income down 15.5% v PCP, reflecting impact of subdued rsonal use only Turnover ($bn) 19.1 19.5 19.6 2.3% business confidence driving lower cross-currency activity and lower margins, partly offset by growth in Non-FX

  13. Slide 13: Underlying EBITDA impacted by lower trading, partially offset by lower costs

    Underlying EBITDA impacted by lower trading, partially offset by lower costs 1H27 Underlying EBITDA walk v PCP, $m 14.5 rsonal use only (8.6) 4.0 1.1 (6.8) 4.8 1.2 (2.6) (0.6) (0.7) 1.7 1H26 Underlying Volumes Margins Non-FX Treasury Fee & Interest Incremental Lower Other 1H27 EBITDA Revenue Commiss

  14. Slide 14: 1H27 cost actions positioning for stronger profitability in 2H27

    1H27 cost actions positioning for stronger profitability in 2H27 Underlying operating expenses, $m • Driven by employment expenses down 7.9% reflecting (5.9)% v PCP lower FTEs post cost actions (down 65 FTE) and lower performance incentives rsonal use only -5.9% Operating expenses 90.5 • $9.4m promo

  15. Slide 15: Investment phase peaked in 1H27, returning to cash generation in 2H27

    Investment phase peaked in 1H27, returning to cash generation in 2H27 Net Available Cash movement, $m • Net Cash Held $63.3m, down $8.3m v 2H26, Net Cash Held reflecting operating cash generation of $3.0m rsonal use only offset by continued investment in the platform, 49.6 3.0 $63.3m payment of leas

  16. Slide 16: FY27 priorities & outlook

    rsonal use only FY27 priorities & outlook Skander Malcolm Chief Executive Officer and Managing Director 16

  17. Slide 17: Strategic pivot complete, return to profitability underway

    Strategic pivot complete, return to profitability underway rsonal use only FY27 returning to positive FY28 continuing positive operating leverage operating leverage • 2H27 NOI growth 2-3% • FY28 NOI growth 3-5% • Assumes current macro conditions • Assumes similar macro conditions to FY27 • FY27 oper

  18. Slide 18: Q&A

    rsonal use only Q&A 18

  19. Slide 19: Appendices

    rsonal use only Appendices 19

  20. Slide 20: Performance was primarily impacted by lower volumes

    Performance was primarily impacted by lower volumes Active ATVs × Transactions = Turnover × Margin = Revenue ÷ Clients = ARPC rsonal use only Consumer $23.1k 161.3k $3.8bn 0.68% $26.2m 72.6k $0.7k +4.1% v PCP (13.0)% v PCP (6.4)% v PCP (0.06)bps v PCP (14.5)% v PCP (14.3)% v PCP (1.3)% v PCP Corpora

  21. Slide 21: B2B revenue up 1.5%, B2C revenue down 6.8% (v 2H26)

    B2B revenue up 1.5%, B2C revenue down 6.8% (v 2H26) B2B B2C Corporate Enterprise Consumer rsonal use only Revenue, $m Revenue, $m Revenue, $m (1.3)% 69.3 63.9 65.4 55.8 (6.8)% 55.0 +32.0% 34.5 33.5 30.6 28.1 26.2 6.5 6.9 5.1 5.3 4.4 1H25 2H25 1H26 2H26 1H27 1H25 2H25 1H26 2H26 1H27 1H25 2H25 1H26 2H

  22. Slide 22: Difference between annual LTM active clients & quarterly OFX active clients

    The difference between annual LTM active clients & quarterly OFX active clients Extract of slide 8 rsonal use only Number Component of Active Clients Trading period of clients (#’k) LTM Corporate Active Clients 27.9 12 months Firma and OLS Active Clients (7.6) (Oct-25 to Sep-26) LTM OFX Active Clien

  23. Slide 23: NOI margin

    NOI margin rsonal use only NOI margin1 NOI margin walk 0.72% 0.55% 0.68% 0.66% (0.05)% 0.64% 0.64% 0.02% 0.46% (0.03)% (0.01)% 0.59% (0.02)% 0.54% 0.55% 0.47% 0.46% 1H25 2H25 1H26 2H26 1H27 1H26 Increase Corporate Consumer Treasury, Interest 1H27 in same including pricing on Fee and on wallet NOI ma

  24. Slide 24: Intangible investment

    Intangible investment 28 10.6% 11.0 Intangible investment, $m 10.5 26 9.9% 10.0 rsonal use only 24 9.5 9.0 22 8.3% 8.4% 8.5 20 19.4 8.0 18.9 19.0 7.5 18 7.0 6.5 16 6.0 14 5.5 5.0 12 4.5 10 9.8 4.0 3.5 8 3.0 Product 6 2.5 Client experience 2.0 Risk, data & security 4 1.5 Payments 1.0 2 Firma 0.5 0 0.

  25. Slide 25: Metrics

    Metrics 2H26 Measure 1H25 2H25 1H26 2H26 1H27 V% V% Half year Half year Half year Half year Half year PCP 2H26 Corporate Turnover $bn 12.2 12.3 12.7 12.7 13.2 4.3% 4.0% Cross currency (A) $bn 10.2 10.2 10.1 9.3 8.9 (11.0)% (3.6)% Same currency $bn 2.0 2.0 2.6 3.4 4.2 62.0% 24.1% Total client revenue

  26. Slide 26: Income statement

    Income statement $m 1H25 2H25 1H26 2H26 1H27 V% V% Half year Half year Half year Half year Half year PCP 2H26 Fee and trading income 114.5 107.4 109.1 94.8 92.2 (15.5)% (2.7)% rsonal use only Net Operating Income 111.2 103.7 105.0 91.6 89.2 (15.0)% (2.7)% Employee expenses 57.4 50.9 61.5 53.7 56.7 (

  27. Slide 27: Balance sheet

    Balance sheet 31-Mar-25 30-Sep-25 31-Mar-26 30-Sep-26 Cash held for own use 51.0 47.1 49.6 36.6 Cash held for settlement of client liabilities 264.7 227.4 364.3 409.8 rsonal use only Deposits due from financial institutions 44.9 49.8 59.7 59.6 Derivative financial assets 33.1 36.7 32.8 28.0 Other as

  28. Slide 28: Restatements

    Restatements FY26 restatements are a result of adjustments made to forwards data upon migration and alignment to OFX 2.0 New Client Platform rsonal use only 1. Group Turnover ($bn) has been restated to include 2.0 forwards turnover. Turnover ($bn) Group Original Restated V 1H26 19.1 19.1 - 2H26 19.2

  29. Slide 29: Glossary

    Glossary • • rsonal use only Active Client: Number of clients that entered into a Transaction with OFX during the stated period, and OFX Active Clients: Clients that are not Online Sellers and not originated from the Firma acquisition if not stated, the preceding 12-month period • OLS: Online Seller

  30. Slide 30: Disclaimer

    rsonal use only The material contained in this document is a presentation of general information about OFX Group Limited (Company) and its activities current as at 10 November 2026. Material is provided in summary only and does not purport to be complete. The material contained in this document has

OFX Group — H1 2027 Earnings Presentation on 6ix