OFX Group (ASX: OFX) says Paytron acquisition to help expand B2B client services.

Mon 24 Jul 23, 10:33 AM | Team Kalkine

Image source: LookerStudio@shutterstock

Highlights

Established in 1998, OFX Group Limited (ASX: OFX) is a Sydney-based company that offers international payment services to customers and business clients across 9 countries. The company complements its global digital platform with 24/7 client support.

For the financial year2023 (FY23), the company reported a 45.6% rise in NOI (Net Operating Income) over the previous corresponding period (pcp), 40.3% growth in underlying EBITDA and 25.6% growth in statutory net profit after tax. The results were underpinned by the acquisition of Firma, revenue growth across all regions and good margin management, the company said the integration of Firma exceeded the company’s expectations as it delivered more than 30% EPS (Earnings Per Share) accretion in year one.

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