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Findi
(Sydney:FND)
Findi (FND) vs. S&P 500 (SPY)
Findi Business Overview & Revenue Model
Findi Financial Statement Overview
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 66.52M | 66.40M | 52.13M | 4.57M | 80.00K | 11.42M | Gross Profit |
| 39.93M | 15.79M | 10.11M | -149.00K | 25.00K | 8.75M | EBIT |
| 38.30M | 8.30M | 7.95M | -2.39M | -459.00K | 1.50M | EBITDA |
| 30.98M | 27.50M | 18.19M | -10.00K | -404.00K | -583.00K | Net Income Common Stockholders |
| 816.50K | 4.04M | 2.44M | -2.67M | 10.40M | 2.28M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.88M | 70.32M | 25.89M | 23.22M | 22.71M | 1.05M | Total Assets |
| 11.68M | 198.37M | 107.68M | 59.72M | 28.99M | 21.34M | Total Debt |
| 0.00 | 134.74M | 63.33M | 22.26M | 0.00 | 793.00K | Net Debt |
| -1.88M | 88.59M | 45.06M | 21.07M | -22.71M | -261.00K | Total Liabilities |
| 125.20K | 161.50M | 86.38M | 45.66M | 8.06M | 3.80M | Stockholders Equity |
| 11.56M | 36.52M | 21.64M | 14.83M | 20.92M | 17.54M |
| Cash Flow | Free Cash Flow | ||||
| 12.74M | 20.05M | -27.52M | -2.24M | -1.51M | 1.16M | Operating Cash Flow |
| 13.75M | 26.69M | 4.67M | -2.19M | -1.43M | 1.22M | Investing Cash Flow |
| -36.34M | -48.28M | -28.73M | -8.40M | 23.93M | -6.10M | Financing Cash Flow |
| 71.87M | 49.48M | 41.13M | -11.39M | -833.00K | 3.10M |
Findi Technical Analysis
Findi Peers Comparison
Findi Corporate Events
Findi Limited has issued 113,250 fully paid ordinary shares, as announced in a Section 708A Cleansing Notice. The company confirms compliance with relevant provisions of the Corporations Act and states there is no excluded information that would affect investors’ assessments of the company’s financial position or securities.
Findi Limited announced the quotation of 113,250 fully paid ordinary securities on the ASX, effective April 22, 2025. This move is part of a previously announced transaction, potentially impacting the company’s market presence and offering stakeholders an opportunity to engage with the newly issued securities.
Findi Limited has announced the quotation of 1,136,750 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code FND. This move is part of a previously announced transaction, marking a significant step in the company’s financial strategy and potentially enhancing its market presence.
Findi Limited successfully concluded its Share Purchase Plan, raising $4,547,000 and issuing 1,136,750 shares. The funds, along with an additional $453,000 from a placement, will support the deployment of ATMs under a new agreement with the State Bank of India, accelerate the rollout of White Label ATMs, and cover restructuring costs. The company is also preparing for an IPO in India, aiming to be the first Australian-owned company to achieve unicorn status there.
Norfolk Enchants Pty Ltd ATF Trojan Retirement Fund has adjusted its stake in Findi Limited, a company in which it holds a substantial interest. The change in voting power resulted from both on-market sales and a purchase via placement, leading to a slight decrease in their overall voting power from 13.32% to 11.05%. This adjustment reflects strategic financial maneuvers by Norfolk Enchants, impacting their influence within Findi Limited.
Findi Limited has completed the acquisition of BankIT Services Pvt. Ltd, adding approximately 130,000 merchants across India and expanding its reach to a total of around 200,000 merchants nationwide. This acquisition marks a significant milestone for Findi, enhancing its infrastructure and cross-selling opportunities while positioning it as the only Pan-Indian ATM operator with a comprehensive digital business. The transaction, valued at A$30 million, is expected to accelerate Findi’s strategic objectives and diversify its revenue streams as it prepares for the IPO of its subsidiary, TSI India, in 2026.
Findi Limited announced a change in the director’s interest, with Simon Vertullo adjusting his holdings in the company. The changes involved the sale of 98,750 ordinary shares and the acquisition of 500,000 ordinary shares through the exercise of options, reflecting a strategic reallocation of assets. This adjustment in holdings could impact the company’s market perception and shareholder confidence, as it indicates active management of investments by key stakeholders.
Findi Limited, a company listed on the Australian Securities Exchange under the ticker FND, has issued 500,000 fully paid ordinary shares. This issuance was completed without disclosure to investors, in compliance with the Corporations Act 2001, and there is no excluded information that investors would need to assess the company’s financial position or the rights attached to the securities.
Findi Limited, listed on the ASX under the ticker FND, has announced the issuance of 1,000,000 fully paid ordinary shares. This move, made without the need for disclosure to investors under part 6D.2 of the Corporations Act, indicates the company’s compliance with relevant financial regulations. The announcement suggests that Findi is maintaining transparency and adhering to legal requirements, which may reassure stakeholders about the company’s regulatory standing and operational integrity.
Findi Limited has announced a change in the director’s interest, specifically concerning Simon Vertullo’s holdings. The changes include the acquisition of 1,000,000 ordinary shares by Cloyne & Villamaina Pty Ltd atf The Sirius Trust through the exercise of options, and the sale of 303,064 ordinary shares on the market. This adjustment reflects a strategic realignment of shareholdings and options within the company, potentially impacting its market positioning and shareholder value.
Findi Limited has experienced a change in the interests of its substantial holder, Ilwella Pty Ltd, as of March 27, 2025. The voting power of Ilwella Pty Ltd in Findi Limited has decreased from 6.60% to 5.54%, reflecting a slight reduction in their stake. This change may impact the company’s shareholder dynamics and influence within the company, potentially affecting strategic decisions and stakeholder interests.
Findi Limited has announced a Share Purchase Plan (SPP) allowing eligible shareholders to purchase up to $30,000 worth of fully paid ordinary shares without incurring brokerage or transaction costs. The new shares will be issued on April 22, 2025, and will rank equally with existing shares, carrying the same voting rights and entitlements. This initiative is in line with ASIC regulations and aims to enhance shareholder value, although participants are advised to consider market risks and seek independent financial advice.
Findi Limited has issued 9,750,000 fully paid ordinary shares without disclosure to investors, in compliance with the Corporations Act 2001. This move is part of the company’s strategy to enhance its financial position and is expected to impact its market operations and stakeholder interests positively.
Findi Limited has announced the application for quotation of 9,750,000 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction, reflecting the company’s strategic efforts to enhance its market presence and potentially increase liquidity for its stakeholders.
Findi Limited is conducting an equity raising through a placement of new ordinary shares to sophisticated and professional investors. This move is part of the company’s strategy to strengthen its financial position and support future growth initiatives. The presentation accompanying the offer emphasizes the speculative and high-risk nature of investing in Findi shares, highlighting that potential investors should consider their own financial situations and seek appropriate advice before making investment decisions.
Findi Limited has announced a proposed issue of 1,250,000 ordinary fully paid securities under a securities purchase plan. The offer is set to close on April 11, 2025, with the issue date scheduled for April 22, 2025. This move is part of Findi’s strategy to raise capital, potentially enhancing its market position and providing opportunities for stakeholders.
Findi Limited has announced a new issuance of securities, proposing to issue 10 million fully paid ordinary shares. The proposed issue date is set for March 26, 2025, and the company has applied for these securities to be quoted on the ASX. This move is part of Findi’s strategic efforts to raise capital, potentially impacting its market positioning and providing opportunities for stakeholders.
Findi Limited has successfully completed a A$40 million institutional placement, attracting significant investment from existing and new institutional investors. This capital raising will support the restructuring of Piramal’s Compulsory Convertible Debentures (CCDs) and the deployment of additional ATMs under a new contract with the State Bank of India. The investment also facilitates the acceleration of the White Label ATM rollout and supports the planned IPO of TSI on the Bombay Stock Exchange in 2026. The placement reflects strong investor confidence in Findi’s growth strategy and positions the company to continue expanding its market presence.
Findi Limited, a company listed on the Australian Securities Exchange (ASX) under the ticker FND, has requested a trading halt on its securities. This halt is in anticipation of an upcoming announcement related to a capital raising effort. The trading halt is intended to help the company manage its continuous disclosure obligations and will remain in effect until the announcement is made or until the start of normal trading on March 20, 2025.
Findi Limited announced that the National Payments Corporation of India has approved an increase in ATM interchange fees, effective May 1, 2025. This change is expected to significantly boost Findi’s revenue, EBITDA, and NPAT, with anticipated impacts exceeding A$5.5 million in FY26 and A$10.0 million in FY27. The increase in fees will enhance Findi’s cash flow, allowing for further investment in capital expenditure and expansion of recent contract wins, thereby improving the company’s profitability and market position.
Findi Limited has requested a trading halt on its securities pending an announcement related to the positive impact of the Reserve Bank of India’s increase in interchange rates. This move is intended to help the company manage its continuous disclosure obligations and is expected to influence its market operations positively. The trading halt will remain until the announcement is made or normal trading resumes on March 18, 2025.
Findi Limited has completed the acquisition of Tata Communications Payment Solutions Ltd, marking a significant strategic milestone. This acquisition enhances Findi’s ATM network and payment capabilities, positioning the company to efficiently expand its operations and drive financial inclusion in India.
Findi Limited announced a significant upgrade to its contract with SBI, expected to impact its operations positively for the fiscal year 2025. This upgrade, alongside updates regarding TCPSL, positions Findi for enhanced industry competitiveness and potential growth, signaling positive implications for stakeholders.
Findi has secured a contract to deploy an additional 2,293 ATMs with the State Bank of India, promising significant revenue and EBITDA over a 10-year period. The company has appointed Rothschild & Co as its financial advisor for an upcoming Indian IPO in 2026. However, Findi’s FY25 revenue guidance has been reduced due to delays in the White Label ATM revenue commencement, following the acquisition of Tata Communications Payment Solutions Ltd. Despite these challenges, Findi maintains strong EBITDA performance, supported by its operational momentum and cost-control strategies.
Findi Limited, through its subsidiary Transaction Solutions International, has secured a contract with Union Bank of India to deploy 900 additional ATMs across India. This contract, valued at A$75 – A$80 million in revenue and A$33 – A$38 million in EBITDA over a 7+1 year period, reinforces Findi’s capabilities and strengthens its presence in the Indian market. The initiative will enhance Findi’s portfolio to include 8,900 brown label ATMs, supported by a capital expenditure of $12 million expected to yield an 18% IRR. This strategic move is anticipated to boost shareholder value and aligns with Findi’s broader strategy to deliver comprehensive financial services to India’s underbanked population.