OFX Group Limited (OFX) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you, Kayleigh, and thank you, everyone, for joining the call. As Kayleigh mentioned, I'm joined by Selina Virth, our Chief Financial Officer, and Matt Gregorowski from Sedalia & Co., who leads our investor relations program. Selina and I will take you through the pages, and then there will be time for Q&A. The presentation will cover six sections, our mission, performance update, the 2.0 transition, our financials, strategy execution, and our outlook, and then we'll have time for Q&A. So let's move to slide four in the pack. And I want to start the presentation by being focused on our mission, which is simpler financial operations, helping businesses thrive globally. I start here because we must be very clear with our investors, our employees, and our clients about what we're trying to do. It may sound obvious, but it matters a great deal as we navigate the transition from a company that did one job very well for both corporate and consumer clients, which was making cross-border payments, to becoming a company that does several jobs very well for our corporate clients to make their lives simpler and in turn help them thrive. We've laid out this strategy before and I'll revisit it today to ensure we are aligned on what guides our investments, our decisions and our pacing. So why this mission? Moving to slide five, this mission is built on a huge opportunity around US $66 billion of revenue and the fact that we are well prepared to capture it. Firstly, by expanding the number of jobs we can do for clients, we nearly double our TAN from US $34 billion to US $66 billion. Secondly, we often get questions from investors about competition. But the research we conducted and the evidence we see is that most of the opportunity sits with SMEs who work with banks. Dependin...