OFX Group Ltd. (AU:OFX) has released an update.
OFX Group Ltd has reported a lower than expected net operating income and EBITDA for the first half of fiscal year 2025, influenced by late shifts in the interest rate cycle and strong USD impacting corporate trading patterns. Despite these challenges, the company saw positive revenue growth from new corporate clients, especially in Australia, thanks to the successful rollout of its New Client Platform. OFX remains focused on its long-term growth strategy and expects positive income growth in the second half of the fiscal year.
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