Half Year 2024 OFX Group Ltd Earnings Call Transcript
Thank you for standing by, and welcome to the OFX Group Limited 1H '24 Results Call. (Operator Instructions) I would now like to hand the conference over to Mr. Skander Malcolm, CEO and Managing Director. Please go ahead.
Thank you, Zach, and thank you, everyone, for joining the call. And as Zach mentioned, I'm joined by Selena Verth, our CFO; and Matt Gregorowski, who leads our Investor Relations program, Cidadel-MAGNUS. Selena and I will take you through the pages and then there'll be time for Q&A. The presentation will cover 4 things; half year result, what was achieved and what drove it; our financials in more detail; the strategy for the larger OFX, including why and how we'll be more valuable in the future and our fiscal year '24 outlook.
Let's move to Slide 4 in the pack. Our first half '24 was a good performance with turnover at $19.2 billion, down 3.5% versus prior year, net operating income or NOI at $115.1 million, up 9.4% and underlying EBITDA of $31.8 million,
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