OFX Group Limited (ASX: OFX) has agreed to the terms of a proposed all-cash acquisition by UK-based payments company Equals, valuing the business at approximately AU$247 million. The offer of AU$1.00 per share represents a substantial premium to OFX’s pre-strategic review share price. The board plans to recommend the proposal, provided key conditions are satisfied, including successful due diligence, financing arrangements, no superior competing bid, and a favourable independent expert’s opinion.
At the same time, OFX reported a solid start to FY27, supported by ongoing execution of its OFX 2.0 strategy. The New Client Platform is now operational across all key markets, helping lift new corporate customer growth and accelerate adoption of multiple products. Non-FX revenue recorded strong growth, driven by increasing demand for card and subscription services. While net operating income remained below the previous corresponding period due to a tougher comparison base, improving transaction activity, stronger enterprise performance, and continued technology investment position the company for a return to overall revenue growth during FY27.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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OFX Secures Recommended Cash Takeover Proposal and Delivers Positive FY27 Start
OFX Group Limited (ASX: OFX) has agreed to the terms of a proposed all-cash acquisition by UK-based payments company Equals, valuing the business at approximately AU$247 million. The offer of AU$1.00 per share represents a substantial premium to OFX’s pre-strategic review share price. The board plans to recommend the proposal, provided key conditions are satisfied, including successful due diligence, financing arrangements, no superior competing bid, and a favourable independent expert’s opinion.
At the same time, OFX reported a solid start to FY27, supported by ongoing execution of its OFX 2.0 strategy. The New Client Platform is now operational across all key markets, helping lift new corporate customer growth and accelerate adoption of multiple products. Non-FX revenue recorded strong growth, driven by increasing demand for card and subscription services. While net operating income remained below the previous corresponding period due to a tougher comparison base, improving transaction activity, stronger enterprise performance, and continued technology investment position the company for a return to overall revenue growth during FY27.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au