Slide 1: FY26 financial results & outlook
FY26 financial results & outlook 19 May 2026 OFX Group Limited ACN 165 602 273
Slide 2: Agenda
Agenda 1. Strategic review 2. Performance update and 2.0 transition 3. FY26 financials 4. FY27 priorities & outlook 5. Q&A 6. Appendices 2
Slide 3: Strategic review
Strategic review Skander Malcolm Chief Executive Officer and Managing Director 3
Slide 4: Our Mission: Simpler financial operations, helping businesses thrive globally
Our Mission: Simpler financial operations, helping businesses thrive globally The Opportunity: Unlocking a powerful multi-product platform: • TAM expansion for SMEs in core markets1 $34bn to $66bn2, • Target SMEs and Enterprise; Consumer TAM of US$10bn3 support Consumers • SMEs willing to switch for
Slide 5: A powerful modern platform as the central hub of financial operations
A powerful modern platform as the central hub of financial operations Corporate Cards FX risk (physical and virtual) management (Forward Contracts All-in-one global financial platform. + Limit orders) Global spend 2-way accounting management software integrations FX payments to Approval workflow 170
Slide 6: Exploring pathways to maximise shareholder value via strategic review
Exploring pathways to maximise shareholder value via strategic review Background to the strategic review Tightly controlled resources and timeline Increasing inbound inorganic interest Organic Inorganic May-26 Phase 2 underway Long term value not reflected in current share price • Multiple credible
Slide 7: Performance update and 2.0 transition
Performance update and 2.0 transition Skander Malcolm Chief Executive Officer and Managing Director 7
Slide 8: Executing OFX 2.0 strategy – transformation well advanced
Executing OFX 2.0 strategy – transformation well advanced FY24 FY24 FY25 FY26 FY26 FY27 FY27 Uplift platform Corporate client migration accelerated Consumer migration and deliver growth Market 2.0 Accelerated investment Refreshed Consumer updates Strategy launched plan strategy (Nov-23) (May-25) (No
Slide 9: NCP live in all major markets, OFX poised for growth with modern, scalable platform
NCP live in all major markets, OFX poised for growth with modern, scalable platform and AI capabilities FY26 key achievements Next phase of product evolution and growth • Technology transformation largely complete GTM Corporate migration across • NCP enables mass and rapid roll-out of new • Increase
Slide 10: FY26 performance impacted by lower client activity; FY27 set for growth
FY26 performance impacted by lower client activity; FY27 set for growth Net operating income Underlying EBITDA ARPC $196.6m $25.2m $4.0k (8.5)% v PCP (56.4)% v PCP (3.1)% v PCP NOI margin Net available cash Non-FX NCP wallet revenue balances 51bps $49.6m (5)bps v PCP (2.7)% v PCP $1.8m $232.9m 12.1%
Slide 11: Softer macro environment impacting FX volumes
Softer macro environment impacting FX volumes Fee and trading1 income linked to business confidence Volatility3 has declined by ~50% in FY26 v prior 2 years 0.6 Average LTM $17.0m FY24: 90 days 22.0 20.0 0.0 FY25: 80 days 18.0 FY26: 46 days 16.0 (0.6) Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25
Slide 12: Corporate Active Clients are stabilising, good new client growth
Corporate Active Clients are stabilising, good new client growth Corporate Active Clients, #’k Average revenue per Corporate client, $k Non-FX FX New Clients Existing Clients 32.0 (1.2) 4.4 (0.8) (3.7) 3.7 30.0 4.3 4.1 4.1 4.1 4.0% 0.7% 1.1% 10.0% 3.8 3.3 4.7% FY25 Firma(1) OLS(1) Net lapse NTCs FY2
Slide 13: Performance was primarily impacted by lower volumes
Performance was primarily impacted by lower volumes ATVs x Transactions = Turnover x Margin = Revenue ÷ Active = ARPC Clients Consumer $21.8k 357.0k $7.8bn 0.74% $58.6m 78.3k $0.7k +4.1% v PCP (12.0)% v PCP (8.4)% v PCP (0.05)bps v PCP (13.8)% v PCP (13.4)% v PCP (0.4)% v PCP Corporate $28.4k 672.4k
Slide 14: Non-FX growing well
Non-FX growing well Non-FX revenue, $k +177.4% ~1m+ 613 Mar 26 %V MoM +Strong 4Q Non-FX exit rate post early-quarter seasonality 526 31% 240 + 4Q interest income on NCP + Interest income on wallet balances ~$1m, 231 NCP wallet expected to grow as clients 366 balances take up wallets 138 57% 264 184
Slide 15: Early NCP behaviours indicate stronger engagement and retention
Early NCP behaviours indicate stronger engagement and retention Interest income from wallet growth Enhanced value proposition Strong growth in multi-product à margin opportunity à future ARPC growth à lower lapse rates NCP closing wallet balances, $m Corporate ARPC1,2 of clients on NCP, $k NCP Clien
Slide 16: FY26 financials
FY26 financials James Georgeson Chief Financial Officer 16
Slide 17: A healthy business with strong cash generation
A healthy business with strong cash generation FY25 FY26 V% Fee and trading income Turnover ($bn) 38.1 38.4 0.8% • Fee and trading income (8.1)% reflecting softer volumes, unpredictable macro environment, low business confidence and FX volatility impacting activity. Financial metrics ($m) Fee and tr
Slide 18: Underlying EBITDA impacted by NOI, 2.0 uplift and bad debts
Underlying EBITDA impacted by NOI, 2.0 uplift and bad debts Revenue impacted across all regions, APAC (7.6)%, North America (10.5)% and EMEA (9.7)% Incremental uplift $11.8m, to deliver 2.0 strategy • $7.4m Employment includes Sales, Growth and Technology 57.7 • $2.6m GTM enhancements and Non-FX pla
Slide 19: Operating expenses well managed in investment phase
Operating expenses well managed in investment phase Underlying operating expenses, $m • 702 FTEs as at end of March, includes average +15 9.1% ex Bad debts, +6.5% 6.3% v PCP Tech FTE through the year to support delivery of 2.0 Employment global launch and migration efforts. 171.5 expenses • Impact o
Slide 20: Focused on scale and value creation
Focused on scale and value creation Intangible investment, $m +1% 23.9 91% • Architectural efficiencies enabling scale: clients on NCP grew almost (4.9)m Corporate migration 14x while server costs increased across major only 2.7x 19.4 19.0 18.9 markets Product • Reactivated ‘Pay by Card’ 196 feature
Slide 21: Strong balance sheet with cash to support growth
Strong balance sheet with cash to support growth Net cash flows from operating activities, $m >100% Underlying EBITDA of $25.2m converting to net Operating cash cash flow from operating conversion activities of $26.7m 31.2 (1.8) 0.9 6.9 (4.5) 26.7 25.2 $71.6m $49.6m Net Cash Held Net Available Cash
Slide 22: FY27 priorities & outlook
FY27 priorities & outlook Skander Malcolm Chief Executive Officer and Managing Director 22
Slide 23: Return to growth in FY27, accelerate over the medium term
Return to growth in FY27, accelerate over the medium term Foundation set up for growth Return to operating leverage Strong, sustainable growth in FY27 over the medium term • Corporate portfolio and underlying drivers steady • Major markets largely migrated1 • Corporate Active Client and NOI • Corpor
Slide 24: Q&A
Q&A 24
Slide 25: Appendices
Orx ' Appendices
Slide 26: B2B revenue (6.9)%; B2C revenue down (13.8)% v PCP
B2B revenue (6.9)%; B2C revenue down (13.8)% v PCP B2B B2C Corporate Enterprise Consumer Revenue, $m Revenue, $m Revenue, $m (9.1)% +23.5% 139.3 133.2 121.2 (13.8)% 11.7 9.5 68.4 68.0 8.1 58.6 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 (9.1)% v PCP +23.5% v PCP (13.8)% v PCP • Australia (6.3)% US
Slide 27: Metrics
Metrics 1H25 2H25 1H26 2H26 FY25 FY26 Measure Half year Half year Half year Half year Full year Full year V% Corporate Turnover $bn 12.2 12.2 12.7 12.5 24.4 25.1 2.9% Cross currency $bn 10.2 10.2 10.0 9.0 20.4 19.1 (6.5)% Same currency $bn 2.0 2.1 2.6 3.4 4.0 6.1 49.8% Total Client Revenue $m 69.3 6
Slide 28: NOI margin
NOI margin NOI margin NOI margin walk 0.71% 0.69% 0.56% (0.02)% 0.67% (0.02)% 0.02% (0.03)% 0.51% 0.59% 0.56% 0.51% FY24 FY251 FY26 FY25 Lower Pricing Enterprise Same FY26 NOI margin NOI margin (ex same currency) Corporate on higher & Treasury currency forward Consumer volumes ATVs 1. FY25 NOI margi
Slide 29: Income statement
Income statement $m 1H25 2H25 1H26 2H26 FY25 FY26 V% Half year Half year Half year Half year Full year Full year Fee and trading Income 114.5 107.4 109.1 94.8 221.9 203.9 (8.1)% Net Operating Income 111.2 103.7 105.0 91.6 214.9 196.6 (8.5)% Employee expenses 57.4 50.9 61.5 53.7 108.4 115.2 6.3% Prom
Slide 30: Balance sheet
Balance sheet 30-Sep-24 31-Mar-25 30-Sep-25 31-Mar-26 Cash held for own use 34.8 51.0 47.1 49.6 Cash held for settlement of client liabilities 243.6 264.7 227.4 364.3 Deposits due from financial institutions 39.9 44.9 49.8 59.7 Derivative financial assets 39.9 33.1 36.7 32.8 Other assets 28.3 26.4 2
Slide 31: Glossary
Glossary • Active Client: Number of clients that entered into a Transaction with OFX during the stated period, and • Non-FX revenue: Gross Fee & Trading revenue including revenue from Cards, Pay by Card, if not stated, the preceding 12-month period Subscription and other payment fees. Excludes same
Slide 32: Important notice and disclaimer
The material contained in this document is a presentation of general information about OFX Group Limited (Company) and its activities current as at 19 May 2026. Material is provided in summary only and does not purport to be complete. The material contained in this document has been prepared without