OFX GROUP LIMITED — Earnings Release 2024

May 20, 2024

Appendix 4E For the financial year ended 31 March 2024

OFX Group Limited ABN 12 165 602 273

Results for announcement to the market

For the year ended 31 March 2024 (“current period”)

			Change from
			year ended
		31 March 2024	31 March 2023	31 March 2023
		$’000	%	$’000
Revenuefrom ordinary activities	Up	229,719	2.1%	225,0071
Underlying net profitfor the period attributable to
members of parent (before non-controlling interest)2	Down	33,818	(10.1%)	37,601
Statutory net profitfor the period attributable to
members of parent (before non-controlling interest)	Down	31,299	(0.4%)	31,411

The statutory net profit after tax for the year was $31.3 million, down 0.4% from $31.4 million in the prior year.

The Group achieved underlying net profit after tax (adjusted for the one-off impacts of one-off / non-operating expenses and non-operating income) of $33.8 million for the year. The underlying net profit was 10.1% lower than the $37.6 million in the prior year.

Dividend information

There were no dividends paid in the current or the prior period.

Share buy back

On 23 May 2023, the Company announced an on-market share buy-back program. The on-market share buy-back program was up to 10% of the Company’s fully paid ordinary shares and commenced on 7 June 2023. A total of 8,568,506 ordinary shares were bought back during the current period. The total amount paid for the buy-back during the period was $14.3m.

On 21 May 2024, the Company announced the renewal of the on-market share buy-back program to return capital to shareholders as part of the Company’s capital management program while also allowing for growth. The renewed onmarket share buy-back program will be up to 10% of the Company’s fully paid ordinary shares for a further 12-month period.

			rch 202431 March 2023	rch 202431 March 2023
		31 Ma	rch 202431 March 2023
			(cents)(cents)
	Net tangible assets persecurity321.2516.83

Other information requiring disclosure to comply with Listing Rule 4.3A is contained in, and should be read in conjunction with, the notes to the Consolidated Financial Statements and the Directors’ Report for the year ended 31 March 2024. Refer to Note 19 to the Consolidated Financial Statements for the details on acquisition of a subsidiary.

This report is based on the Consolidated Financial Statements which has been audited by KPMG.

The Annual General Meeting is to be held on Thursday 1st August 2024, the details of which will be disclosed to the ASX.

1 Comparative information has been restated to conform with presentation in the current period.

2 Refer to page 42 of the Annual Report for a reconciliation of underlying net profit after tax to statutory net profit after tax.

3 Assumes 237,917,873 shares on issue at 31 March 2024, 243,599,470 on issue at 31 March 2023.

OFX Group Limited 2024 Appendix 4E

This page has intentionally been left blank