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Findi
(Sydney:FND)
Findi (FND) vs. iShares MSCI Australia ETF (EWA)
Findi Business Overview & Revenue Model
Findi Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 91.99M | 61.06M | 62.84M | 52.13M | 4.57M | 80.00K |
| Gross Profit | 222.00K | 9.56M | 12.07M | 10.11M | -149.00K | 25.00K |
| EBITDA | 36.84M | 31.42M | 27.50M | 18.19M | -10.00K | -404.00K |
| Net Income | -33.20M | -12.48M | 4.01M | 2.44M | -1.52M | 10.40M |
Balance Sheet | ||||||
| Total Assets | 300.32M | 323.47M | 198.37M | 107.68M | 59.72M | 28.99M |
| Cash, Cash Equivalents and Short-Term Investments | 39.27M | 82.92M | 70.32M | 25.89M | 23.22M | 22.71M |
| Total Debt | 164.52M | 149.66M | 134.74M | 63.33M | 22.26M | 0.00 |
| Total Liabilities | 257.71M | 258.95M | 161.50M | 86.38M | 45.66M | 8.06M |
| Stockholders Equity | 42.62M | 64.52M | 36.52M | 21.64M | 14.83M | 20.92M |
Cash Flow | ||||||
| Free Cash Flow | -40.25M | 140.00K | 20.05M | -27.52M | -2.24M | -1.51M |
| Operating Cash Flow | 941.00K | 17.50M | 26.69M | 4.67M | -2.19M | -1.43M |
| Investing Cash Flow | -60.89M | -18.10M | -48.28M | -28.73M | -8.40M | 23.93M |
| Financing Cash Flow | 63.40M | 16.53M | 49.48M | 41.13M | -11.39M | -833.00K |
Findi Technical Analysis
Findi Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$119.01M | 16.95 | 19.30% | ― | 13.74% | 70.80% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | AU$557.27M | 30.24 | 8.20% | ― | 1.06% | -30.96% | |
53 Neutral | AU$304.01M | -103.13 | -19.83% | ― | 10.79% | 46.67% | |
50 Neutral | AU$26.27M | -5.48 | -60.86% | ― | 24.46% | 24.10% | |
42 Neutral | AU$116.19M | -2.89 | -74.16% | ― | 21.65% | -463300.00% | |
41 Neutral | AU$124.77M | -15.17 | -485.99% | ― | 88.69% | 46.39% |
Findi Corporate Events
Findi Limited has announced that director Jason Titman ceased to be a director on 12 January 2026, with this final director’s interest notice lodged in accordance with ASX Listing Rule 3.19A.3 and the Corporations Act. While Titman holds no Findi securities in his own name, he retains indirect interests through the JT Superannuation Fund and Online e-Commerce Solutions Pty Ltd ATF Online eCommerce Solutions Investment Trust, which collectively hold over 1.4 million ordinary shares and 1.6 million director options, including options transferred upon his resignation. The disclosure provides transparency for shareholders about ongoing equity exposure held by a departing board member and underscores Findi’s compliance with governance and reporting requirements for director interests.
The most recent analyst rating on (AU:FND) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi’s Indian subsidiary TSI has secured a binding term sheet for a strategic investment of up to INR 418 crore (approximately A$72 million) from Nova Global Opportunities Fund PCC, subject to due diligence and execution of definitive agreements. The funds, to be invested in multiple tranches with an initial INR 150 crore, will be used to support TSI’s capital expenditure and long-term working capital requirements in its brown-label and white-label ATM operations, with Nova Global expected to take a 25–27% fully diluted stake after the first tranche. Nova Global, backed by global investment manager Zinnia Group, has positioned the investment as medium to long term and does not plan to sell into TSI’s planned Bombay Stock Exchange IPO, which brokers previously indicated could value TSI at A$750 million to A$900 million, underscoring growing institutional confidence in TSI’s growth prospects and Findi’s strategic position in India’s financial services infrastructure.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$1.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has had the suspension of trading in its securities on the ASX lifted following the release of an announcement that its Indian subsidiary, Transaction Solutions International (India) Private Limited, has secured a strategic investment. The move restores liquidity to Findi’s shares and signals renewed confidence in the company’s Indian operations, with the strategic backing expected to support future growth and potentially strengthen its competitive position in the financial services and transaction solutions sector.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$1.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi’s Indian subsidiary TSI has secured a binding term sheet with Nova Global Opportunities Fund PCC for a strategic investment of up to INR 418 crore (about A$72 million), significantly bolstering its capital base to fund further growth. The funding, to be paid in tranches following final documentation and customary conditions, is earmarked primarily for completing TSI’s Brown Label ATM rollout, continuing its White Label ATM expansion and supporting long-term working capital, underpinning a new growth phase for Findi’s Indian operations. The deal is expected to strengthen TSI’s balance sheet, support rapid scaling of its ATM and digital businesses across India, and reinforce confidence in Findi’s long-term strategy and planned evolution toward a Payments Bank and listed Indian entity. In parallel, Findi has advanced a board renewal program, appointing experienced financial services and technology investors Stephen Benton and Tineyi Matanda as Non-Executive Directors following the retirement of two existing directors, a move aimed at enhancing governance, payments expertise and strategic oversight for the company’s next phase of expansion.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$1.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited announced that shareholders approved all resolutions at its extraordinary general meeting held on 29 December 2025, with each resolution passed by strong majorities on a poll. The meeting signed off on the creation of three new share classes, including Hold Back Shares and two tranches of Earn Out Shares, the issuance of consideration shares to sellers in relation to an acquisition, and the granting of options to related parties Stephen Benton and Tineyi Matanda, moves that collectively enable the company to complete its acquisition structure and align management incentives, potentially reshaping its capital structure and supporting future growth initiatives.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$1.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has told investors that negotiations over a strategic investment in the company are progressing positively, with documentation already executed for part of the transaction and a full market update expected before the end of the calendar year. The company’s securities will remain in suspension until the pending announcement is released to the ASX, underscoring the potential materiality of the investment deal for Findi’s capital structure and future strategic direction.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$1.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited, listed on the Australian Securities Exchange (ASX) under the ticker FND, has had its securities suspended from trading. Initially halted on December 1, 2025, at the company’s request, the suspension was extended as Findi was unable to provide a necessary announcement to lift the halt. The ASX has imposed a continued suspension under Listing Rule 17.3 until Findi complies with the relevant listing rules, ensuring that the company meets all necessary requirements for its securities to resume trading.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$1.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has requested an extension to its voluntary suspension of ordinary shares on the Australian Securities Exchange. This suspension is pending an announcement regarding a strategic investment, which is expected to be made before normal trading resumes on December 10, 2025. The extension is intended to help the company manage its continuous disclosure obligations.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$1.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited, listed on the Australian Securities Exchange under the ticker FND, has requested a voluntary suspension of its securities from quotation. This suspension is pending an announcement regarding a strategic investment into the company. The suspension is intended to help manage the company’s continuous disclosure obligations and will remain in place until either the announcement is made or normal trading resumes on December 8, 2025. This move indicates a significant development for Findi Limited, potentially impacting its market position and stakeholder interests.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$1.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited, listed on the Australian Securities Exchange (ASX) under the ticker FND, has requested a trading halt for its securities. This halt is in anticipation of a forthcoming announcement regarding a strategic investment into the company. The trading halt is intended to help Findi manage its continuous disclosure obligations and will remain in place until the announcement is made or normal trading resumes on December 3, 2025.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$1.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited reported a 51% increase in revenue for the first half of FY26, driven by the integration of acquisitions BankIT and TCPSL. Despite facing challenges such as delays in ATM deployments and one-off costs, the company is poised for a strong second half with a new funding facility and strategic shifts towards scalable business models. The company is building momentum towards an FY27 IPO, with a focus on expanding its digital capabilities and increasing market penetration in India.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$1.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited, an Australian company, has announced that its 2025 Extraordinary General Meeting will be held virtually on December 29, 2025. Shareholders are encouraged to participate by appointing proxies and voting on proposed resolutions. The company has provided details for virtual attendance and proxy submission, emphasizing the importance of shareholder engagement and flexibility in meeting arrangements.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$1.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has announced an Extraordinary General Meeting scheduled for December 29, 2025, to be held virtually. Shareholders are encouraged to submit their proxies early and can participate in the meeting online, where they will have the opportunity to ask questions and vote on proposed resolutions. This approach underscores Findi’s commitment to accessible shareholder engagement and reflects its adaptation to digital communication methods.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$1.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has reported significant growth in its White Label ATM franchise sales, doubling the number of franchises to 1,123 by the end of October 2025. This rapid expansion is supported by potential partnerships with large-scale channel partners in India, which could further accelerate their ATM footprint. Concurrently, Findi’s Bankit digital platform achieved a record annualized Gross Transaction Value of A$5.26 billion, reflecting strong consumer adoption of digital financial services. The platform’s merchant network also expanded, adding 2,244 new merchants in October. This dual growth in physical and digital channels underscores Findi’s strategy to enhance its presence in India’s financial services landscape, with the aim of becoming a Payments bank.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$2.00 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has announced a new issuance of securities, which includes 543,478 performance shares and 978,261 ordinary fully paid shares. This proposed issuance is set to take place on December 22, 2025, and is part of a placement or other type of issue. The announcement indicates Findi’s strategic move to potentially enhance its capital structure, which could impact its market positioning and stakeholder interests.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$2.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi has announced its acquisition of Sphere, which is expected to enhance its operational capabilities and strengthen its market position in the financial services industry. This strategic move is anticipated to have significant implications for the company’s operations and its stakeholders, potentially increasing its competitive edge in the market.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$2.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has announced a series of strategic initiatives to bolster its financial position and operational capabilities. The company has secured a new A$30 million debt facility to replace existing notes and unlock restricted cash, which will support its expansion plans in India, including the rollout of the BC Max branch program and the Brown Label ATM network. Additionally, Findi is set to acquire Sphere, a company specializing in bank-grade loyalty, rewards, and ESG technology, which will enhance its ecosystem and create new revenue opportunities. The acquisition will also strengthen Findi’s ESG credentials ahead of its planned Indian IPO. Despite facing some operational challenges in the first half of FY26, Findi expects a strong rebound in the second half, with significant growth in revenue and EBITDA projected.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$2.50 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.