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Why Did OFX Group’s Profit Plunge 78% Despite New Growth Initiatives?
8:31am on Tuesday 11th of November, 2025 AEDT
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Financial Services
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Why Did OFX Group’s Profit Plunge 78% Despite New Growth Initiatives?
8:31am on Tuesday 11th of November, 2025 AEDT
Key Points
Statutory net profit down 78% to $2.4 million
Fee and trading income declined 4.7% to $109.1 million
Total expenses rose 8.7%, including $3.2 million in unexpected bad debts
New Client Platform migration progressing with strong client engagement
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