OFX Group (OFX) investor relations material

Executive summary

• Entered into a Transaction Process Deed for a 100% cash acquisition by Alakazam Holdings Bidco Limited (Equals), valuing equity at $247 million and enterprise value at $233 million, with a 9.2x FY26 EV/EBITDA multiple.

• OFX Board intends to unanimously recommend the Scheme, subject to final due diligence, debt financing, and no superior proposal emerging.

• Equals granted 4 weeks exclusivity (potentially extendable) to finalize due diligence and financing.

Financial highlights

• Shareholders to receive $1.00 per share in cash, with possible adjustment up to $0.04 per share based on available cash at implementation.

• Offer represents a 108% premium to the undisturbed share price on 4 Feb 2026, 111% to 22 July 2026 close, and 82% to 3-month VWAP.

• 1Q27 Net Operating Income (NOI) was $43.9m, up 1.0% sequentially from 4Q26 but down 20.0% year-over-year.

• Corporate segment revenue was $26.6m, up 1.5% sequentially but down 21.9% year-over-year.

• Non-FX revenue rose 24.4% sequentially and 195.3% year-over-year, driven by card and subscription products.

Outlook and guidance

• Positive momentum in non-FX revenue and product adoption supports a return to Group NOI growth for FY27.

• Confident in ability to grow Corporate Active Clients in FY27, with improved onboarding and go-to-market strategy.