InvestSMART

Findi Limited (ASX:FND)

ALERT: Price-sensitive ASX Announcement for FND
Current share price for FND : $0.405 -2.355 (-85.33%)+
Announcement
Release
21 Oct 2025 9:29AM
Price at Release
$2.760
Full Release
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Summary
Findi Limited has laid out strategic plans to expand its operations and transform into a comprehensive financial services provider. This includes the listing of TSI India on the Bombay Stock Exchange by FY27 and becoming a full-service payments bank. Despite facing delays due to ATM roll-outs, leading to a reduced EBITDA forecast, Findi projects increased operating revenue and EBITDA for FY26. The company is enhancing its capabilities through acquisitions, such as TCPSL and BankIT, and integrating green loyalty platforms like Sphere. Leadership changes are also underway, with new board members expected. The integration of BankIT and FindiPay was completed swiftly, despite initial disruptions, positioning Findi for robust growth, particularly through its expansive ATM and merchant networks.
Key Points
  • Findi Limited is planning to list TSI India on the Bombay Stock Exchange by FY27.
  • The company is focusing on becoming a full-service financial hub and integrated financial services company.
  • Findi forecasts operating revenue of A$100M – A$105M and Operating EBITDA of A$10M – A$12M for FY26.
  • There were significant delays in ATM roll-outs affecting BLA operations, leading to a reduced EBITDA forecast.
  • Findi acquired banking-grade loyalty and reward, ESG carbon offsetting solutions, and Sphere, a green loyalty platform.
  • Simon Vertullo will transition off the board, with new directors Stephen Benton and Tineyi Matanda joining.
  • The company is pursuing bolt-on expansions and integration of acquisitions like TCPSL and BankIT to enhance growth.
  • Findi's ecosystem supports a rapid Payments Bank launch with minimal investment.
  • Integration of BankIT and FindiPay was completed in 60 days, facing disruptions but stabilizing later.
  • Findi aims to leverage its extensive ATM and merchant network to expedite growth and profitability.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.