OFX Group Limited (OFX) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you, Mel, and thank you, everyone, for joining the call. As Mel mentioned, I'm joined by Selina Vernon, our Chief Financial Officer, and Matt Gregorowski, who leads our Investor Relations Program with Sedalia & Co. Selina and I will take you through the pages, and then there'll be time for Q&A. The presentation will cover three things, our fiscal year 25 results and the performance drivers, our financials in more detail, our strategy and our outlook, and then we'll do Q&A. Let's move to slide four in the pack. The business demonstrated resilience in what was a very unusual macroeconomic environment. The weak business confidence we saw in the first half continued through the second half with political instability and the prospect of tariffs later in the period adding to uncertainty. This meant that our results were below our expectations that we set out of the half year with net operating income of 214.9 million down 5.5% versus prior corresponding period and underlying EBITDA of 57.7 million down 10.7% versus PCP with an underlying EBITDA margin of 27%. The team worked very hard to drive the business leaders within our control while continuing to invest in creating a bold new company that supports our clients in many more areas than FX management. Our margins and cash flows remain very healthy, and we maintain very disciplined cost control, overall cash management and risk management. We finished fiscal year 25 with net cash held at 77.2 million, up 2.5 million from our first half, and that included repaying a further 24 million of outstanding debt through the year, as well as completing an extensive share buyback program, which Selena will cover later. Moving to slide five, we've always set up and run our effects in a sustainable way, which means keeping very ...