January 18, 2017 12:06 PM ET

Diversified Financial Services

Company Overview of OFX Group Limited

Company Overview

OFX Group Limited provides online international payments and foreign exchange services for consumer and business clients in Australia, New Zealand, Europe, North America, and Asia. The company offers international money transfer services, including single and recurring money transfer services; and foreign exchange services, including spot and forward transactions, and foreign exchange options. It offers its services under the brand names of OFX, UKForex, CanadianForex, USForex, NZForex, and ClearFX. The company was formerly known as OzForex Group Limited and changed its name to OFX Group Limited in September 2016. OFX Group Limited was founded in 1998 and is headquartered in Sydney, Australi...

60 Margaret Street

Level 19

Sydney, NSW 2000


Founded in 1998

270 Employees


61 2 8667 8000


61 2 8667 8080

Key Executives for OFX Group Limited

Chief Executive Officer, Managing Director and Director
Age: 47
Total Annual Compensation: A$419.1K
Chief Financial Officer and Head of Business Services
Total Annual Compensation: A$330.8K
Chief Operating Officer
Total Annual Compensation: A$152.2K
Chief Enterprise Officer
Total Annual Compensation: A$54.3K
Chief Risk Officer
Total Annual Compensation: A$43.1K
Compensation as of Fiscal Year 2016.

OFX Group Limited Key Developments

OFX Group Limited, H1 2017 Earnings Call, Nov 15, 2016

OFX Group Limited, H1 2017 Earnings Call, Nov 15, 2016

OFX Group Limited Announces Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Full Year of Fiscal 2017

OFX Group Limited announced earnings results for the six months ended September 30, 2016. For the period, the company reported turnover of $9.6 billion against $10.0 billion a year ago. Net operating income was $53.6 million against $53.6 million a year ago. Underlying EBTDA was $13.5 million against $18.1 million a year ago. Underlying NPAT was $9.7 million against $12.3 million a year ago. Statutory NPAT was $9.7 million against $11.2 million a year ago. Interest income was $680,000 against $843,000 a year ago. Net income was $52,912,000 against $52,798,000 a year ago. Profit attributable to ordinary equity holders of the company was $9,665,000 against $11,223,000 a year ago. Diluted earnings per share were 3.98 cents against 4.62 cents a year ago. Net cash flows from operating activities were $1,359,000 against $11,304,000 a year ago. Payments for property, plant and equipment was $764,000 against $1,629,000 a year ago. Payments for intangible assets were $1,953,000 against $639,000 a year ago. Statutory EBITDA was $12,809,000 against $15,678,000 a year ago. Underlying earnings per share was 4.03 cents against 5.13 cents a year ago. Combined with the revenue growth, the group expects to experience positive jaws with the second half margins expanding, resulting in a lower full year EBTDA, whilst NPAT is expected to be slightly up.

OFX Group Limited Declares Fully Franked Interim Dividend, Payable on January 4, 2017

The board of directors of OFX Group Limited declared fully paid interim dividend of AUD 0.02800000 cents per share, which will be payable on January 4, 2017 to the shareholders of record date on December 13, 2016 and ex-date is on December 12, 2016.

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Recent Private Companies Transactions

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