OFX Group Ltd. (AU:OFX) has released an update.
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OFX Group Limited has reported a strong financial performance for FY24, with a Net Operating Income (NOI) of $227.5M and an EBITDA of $64.6M, signaling steady growth and effective cost control despite macro-economic challenges. The company has made significant strides in the B2B sector, now comprising nearly 70% of its revenue, and has successfully integrated Paytron’s capabilities, enhancing its client platform with new features such as digital wallets and expense management tools. This strategic expansion positions OFX well for continued growth and differentiation in the market, as evidenced by its successful launch of a new client platform in Australia.
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