OFX Group Limited (OFX) Q4 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.354 Thank you, Cameron, and thank you, everyone, for joining the call. 00:00:03.354 -- 00:00:07.899 As Cameron mentioned, I'm joined by Selina Virth, our Chief Financial Officer, and Matt 00:00:07.899 -- 00:00:12.543 Gregorowski, who leads our Investor Relations Program with Mauro Sedali. 00:00:12.543 -- 00:00:17.468 Selina and I will take you through the pages, and then there'll be some time Q&A. 00:00:17.468 -- 00:00:22.453 The presentation will cover four things. Firstly, our fiscal year 24 results and the 00:00:22.453 -- 00:00:26.837 performance drivers. Secondly, our financials in more detail. 00:00:26.837 -- 00:00:31.958 Thirdly, the strategy for the larger OFX. including why and how we will 00:00:31.958 -- 00:00:37.485 be more valuable in the future. And finally, our fiscal year 25 and median term 00:00:37.485 -- 00:00:41.390 outlook. Let's move to slide four in the pack. 00:00:41.390 -- 00:00:45.194 Fiscal year 24 was a solid year financially. 00:00:45.194 -- 00:00:48.919 Our net operating income was $227.5 million 00:00:48.919 -- 00:00:53.086 at the lower end of our guidance range and up 6.3%. 00:00:53.086 -- 00:00:58.091 However, we were able to deliver underlying EBITDA of 64.6 million, 00:00:58.091 -- 00:01:03.476 which was in the middle of our guidance range, and up 8.2%, excluding the impact 00:01:03.476 -- 00:01:05.719 of our patron acquisition. 00:01:05.719 -- 00:01:10.784 It was a year that illustrated both the challenges and strengths of our business. 00:01:10.784 -- 00:01:15.308 Our challenge is to deliver net operating income growth regardless of the prevailing 00:01:15.308 -- 00:01:20.393 macroeconomic conditions, and our strength is that we have diversity in our global revenue 00:01:20.393 -- 00:01:25.510 streams ...