OFX Group Ltd (ASX:OFX)
A$ 2.11 0.04 (1.93%) Market Cap: 506.68 Mil Enterprise Value: 187.76 Mil PE Ratio: 16.69 PB Ratio: 2.90 GF Score: 89/100
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Half Year 2024 OFX Group Ltd Earnings Call Transcript

Nov 13, 2023 / 11:00PM GMT
Release Date Price: A$1.53 (-1.29%)
Operator

Thank you for standing by, and welcome to the OFX Group Limited 1H '24 Results Call. (Operator Instructions) I would now like to hand the conference over to Mr. Skander Malcolm, CEO and Managing Director. Please go ahead.

John Alexander Malcolm
OFX Group Limited - CEO, MD & Executive Director

Thank you, Zach, and thank you, everyone, for joining the call. And as Zach mentioned, I'm joined by Selena Verth, our CFO; and Matt Gregorowski, who leads our Investor Relations program, Cidadel-MAGNUS. Selena and I will take you through the pages and then there'll be time for Q&A. The presentation will cover 4 things; half year result, what was achieved and what drove it; our financials in more detail; the strategy for the larger OFX, including why and how we'll be more valuable in the future and our fiscal year '24 outlook.

Let's move to Slide 4 in the pack. Our first half '24 was a good performance with turnover at $19.2 billion, down 3.5% versus prior year, net operating income or NOI at $115.1 million, up 9.4% and underlying EBITDA of $31.8 million,

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