OFX Group’s AGM Results and First Strike on Remuneration Report

An update from OFX Group Ltd. ( (AU:OFX) ) is now available.

OFX Group Limited announced the results of its 2025 Annual General Meeting, where all resolutions were passed as ordinary resolutions. However, the adoption of the Remuneration Report faced significant opposition, with over 25% of votes against it, marking a ‘first strike’ under the Corporations Act 2001. This outcome could have implications for the company’s governance and stakeholder relations, highlighting potential concerns among shareholders regarding executive compensation.

The most recent analyst rating on (AU:OFX) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on OFX Group Ltd. stock, see the AU:OFX Stock Forecast page.

More about OFX Group Ltd.

OFX Group Limited is a prominent player in the money transfer and financial operations industry, offering clients comprehensive solutions for real-time financial control and visibility across the globe. The company provides services such as global business accounts, money transfers, payments, corporate cards with spend management, and currency risk management solutions. With over 25 years of experience, OFX operates in more than 50 currencies across 180 countries, employing approximately 700 staff worldwide. Headquartered in Sydney, Australia, the company is listed on the ASX and holds licenses in around 50 jurisdictions.

Average Trading Volume: 1,235,604

Technical Sentiment Signal: Sell

Current Market Cap: A$190.7M

For an in-depth examination of OFX stock, go to TipRanks’ Overview page.