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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 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$400.93M | 7.43 | 8.20% | ― | 1.06% | -30.96% | |
63 Neutral | AU$68.97M | 7.18 | 19.30% | ― | 13.74% | 70.80% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | AU$27.22M | 0.19 | 350.35% | ― | 24.46% | 24.10% | |
46 Neutral | AU$209.51M | -22.61 | -16.07% | ― | 10.79% | 46.67% | |
40 Underperform | AU$55.33M | -2.54 | -68.62% | ― | 21.65% | -463300.00% | |
40 Underperform | AU$82.43M | -11.79 | -162.45% | ― | 88.69% | 46.39% |
Findi Corporate Events
Findi Limited has called an online-only extraordinary general meeting for 20 April 2026, giving shareholders access to the notice of meeting and explanatory memorandum via its website and the ASX announcements platform. The company is shifting towards more digital shareholder engagement, encouraging electronic communications, advance online registration, early proxy voting and pre-submitted questions, which underscores an emphasis on governance, accessibility and broader participation in key corporate decisions.
The most recent analyst rating on (AU:FND) stock is a Hold with a A$0.84 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has called an extraordinary general meeting (EGM) of shareholders to be held virtually on 20 April 2026 at 10:00am AEST. Only shareholders registered by 7:00pm AEST on 18 April 2026 will be eligible to vote on the resolutions to be considered at the meeting.
The company is encouraging investors to use online facilities, including live webcast, real-time electronic voting and the ability to submit questions to directors. Shareholders may also vote by appointing proxies, reflecting Findi’s push to maintain strong shareholder engagement and governance through accessible, fully virtual meeting arrangements.
The most recent analyst rating on (AU:FND) stock is a Hold with a A$0.84 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has applied to the Australian Securities Exchange for the quotation of 13,683,113 new ordinary fully paid shares under its existing FND code. The securities were issued on March 13, 2026, as part of previously announced transactions, signalling an expansion of the company’s quoted share capital and a potential increase in market liquidity for its stock.
The application, lodged as a new announcement on March 19, 2026, formalises the process for these additional securities to commence trading on the ASX. While the release does not detail the use of proceeds or strategic rationale, the enlarged quoted float may broaden investor participation and could influence trading dynamics and valuation once the shares are admitted to quotation.
The most recent analyst rating on (AU:FND) stock is a Hold with a A$0.84 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has completed settlement of Tranche 1 of its A$25 million institutional placement, raising A$9 million through the issue of 13,390,613 new shares at A$0.70 each under its existing placement capacity. The funds will be used to refinance and optimise the balance sheet of its Indian subsidiary Transaction Solutions International, release cash, and materially reduce gross debt and interest costs.
The capital injection enables Findi to cancel the previously announced Nova transaction, thereby retaining a substantially higher ownership stake in TSI and positioning the company to immediately restart rollout programs with State Bank of India and Central Bank of India. Enhanced platform liquidity is expected to accelerate growth in BankIT and white-label transactions, strengthening TSI’s market share in India, while Tranche 2 of the placement remains subject to shareholder approval at a meeting scheduled for 20 April 2026.
The most recent analyst rating on (AU:FND) stock is a Hold with a A$0.84 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has released a second supplementary prospectus updating its ongoing capital raising tied to the acquisition of Sphere (For Good) Holdings Pty Ltd and related share issues. The document formalises changes to the offer timetable, reflects a recently completed A$25 million placement to institutional investors, and revises disclosures on share capital, pro forma financials, and key investment and engagement arrangements, signalling active balance-sheet reshaping to support its acquisition-led growth.
The company has extended the offer closing date to 19 March 2026 and adjusted the indicative schedule for issuing shares under the offer and the placement. These updates clarify conditions around the Sphere acquisition consideration, the structure of the offer, and the role of investors such as Nova Global and Taurus Capital, providing greater transparency to shareholders and prospective investors on dilution, timing and capital structure implications.
The most recent analyst rating on (AU:FND) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
S&P Dow Jones Indices has updated the results of its March 2026 quarterly review of the All Ordinaries index, reversing earlier decisions involving African Gold Limited and American Rare Earths Limited. African Gold will no longer be added, while American Rare Earths will remain in the index, effective prior to the open on March 23, 2026.
The rebalance introduces a broad slate of new constituents across sectors, including 4DMedical, Cettire, Calix, GemLife Communities Group, Southern Cross Media Group and multiple mining and resources companies. These changes expand exposure to healthcare technology, media, and especially energy transition and precious metals plays, potentially affecting index-tracking funds and signaling ongoing investor focus on Australian resources and growth-oriented names.
The most recent analyst rating on (AU:FND) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
S&P Dow Jones Indices has announced its March 2026 quarterly rebalance of the S&P/ASX index family, triggering constituent changes across the S&P/ASX 20, 50, 100, 200 and 300 indices effective before trading on March 23, 2026. The reshuffle, which includes the promotion of Northern Star Resources into the S&P/ASX 20 and multiple additions of resources and energy names across the broader indices, is set to reweight sector exposure and redirect index-tracking capital, with implications for liquidity, valuations and market visibility of both newly added and removed companies.
Adjustments to the S&P/ASX 50 and 100 feature entries such as Light & Wonder and several gold miners, while companies including Santos, Lendlease and various investment and technology groups are being removed. Further down the market-cap spectrum, the S&P/ASX 200 and 300 will see increased representation from resource, rare earth, metals and energy-transition stocks, signaling a continued tilt of Australian equity benchmarks toward commodities and critical minerals, shaping how passive and benchmark-aware investors allocate capital.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$0.66 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has notified the ASX of a proposed capital raising via a placement and related securities issue. The company plans to issue up to 35,714,286 new fully paid ordinary shares, alongside two new classes of options: 2,000,000 options exercisable at $0.90 expiring on 26 February 2029 and 1,000,000 options exercisable at $1.20 expiring on 25 April 2029.
The proposed issue date for these securities is 13 March 2026, subject to ASX processes and applicable listing rules. This capital raising will expand Findi’s share base and introduce new option classes, potentially providing additional funding flexibility and influencing future shareholder dilution and trading dynamics once the securities are quoted and issued.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$0.66 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has cancelled the extraordinary general meeting scheduled for 31 March 2026, which was to seek shareholder approval for a strategic investment by Nova Global Opportunities Fund in its Indian subsidiary. The company is no longer proceeding with the Nova investment on the previously proposed terms, although discussions for a revised strategic investment may continue in the future.
The decision follows Findi’s recently announced $25 million placement, which has changed its immediate funding and strategic needs. Findi plans to issue a new notice of extraordinary general meeting shortly in connection with this placement, signalling a shift in its capital-raising strategy and potentially its approach to partnering with institutional investors.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$0.66 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi has released an investor presentation outlining a strategic institutional investment and providing high‑level, summary information on its business, risks and assumptions for potential shareholders. The document emphasises that the material is general in nature, may be incomplete or subject to change, and should be considered alongside the company’s broader market disclosures, with investors urged to seek independent legal, tax and financial advice.
The company underscores that an investment in its shares is highly speculative and high risk, with no guarantees on returns, performance or tax outcomes. It also disclaims liability for inaccuracies or omissions, highlights the presence of forward‑looking information subject to numerous uncertainties, and stresses that neither Findi nor its advisers are obliged to update the presentation as conditions evolve.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$0.66 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has secured A$25 million in an institutional placement to sophisticated and institutional investors at A$0.70 per share, with the funds earmarked to refinance the balance sheet of Transaction Solutions International India and materially cut gross debt and interest costs. The deal enables Findi to abandon a previously proposed Nova transaction, increase its ownership of TSI to about 91%, unlock roughly A$33.25 million of restricted cash, and accelerate ATM rollout programs, BankIT transaction growth and preparations for a targeted Indian IPO, thereby strengthening its capital structure and growth trajectory in the Indian digital payments market.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$0.66 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has issued a supplementary prospectus to update investors on changes to its ongoing capital raising offer, primarily extending the offer’s closing date from 27 February 2026 to 16 March 2026. The revised timetable shifts the issuance of new shares to the same new date, while the company retains the right to further vary or withdraw the offer in line with regulatory requirements.
The document also updates the list of recent ASX announcements, including a trading halt requested while Findi undertakes a proposed capital raising and confirmation of its completed acquisition of Sphere. By formalising these timetable changes and additional disclosures, Findi aims to provide clearer visibility over its capital management and corporate actions as it seeks shareholder approvals and funding to support its growth strategy in the payments sector.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$0.66 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has requested a trading halt in its ordinary shares on the ASX, with the suspension to remain in place until either the start of normal trading on 2 March 2026 or the release of a pending announcement. The move is designed to help the company manage its continuous disclosure obligations while it finalizes details of a proposed capital raising, signaling potential upcoming changes to its capital structure and funding position.
ASX Compliance has granted the halt, confirming that trading in FND securities will stop prior to the market open on 26 February 2026 and resume once the capital-raising announcement is lodged or at the latest by 2 March 2026. The pause gives Findi time to complete and disclose its capital-raising plans in an orderly manner, which may affect existing shareholders through possible dilution and could influence the company’s financial flexibility and future growth initiatives.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$0.66 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited, an Australia-based public company registered in Melbourne under ACN 057 335 672, continues to operate under a conventional listed-company framework, using shareholder meetings and proxy mechanisms to manage corporate governance. The company increasingly relies on online channels for investor communication, hosting meeting materials on its website instead of standard mail.
The company has called an Extraordinary General Meeting for shareholders on 31 March 2026 in Southbank, Victoria, with both in-person attendance and proxy voting options available. Management is encouraging shareholders to vote via proxy ahead of the meeting, underscoring the importance of participation in upcoming resolutions and reinforcing its shift toward digital access and early voting for governance efficiency.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$0.66 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has called an Extraordinary General Meeting of shareholders for 10:00 a.m. AEDT on 31 March 2026, to be held as a physical gathering at its specified Southbank, Victoria venue. The company has published the meeting notice and related documents on its investor website and the ASX platform, and will send physical copies only to investors who have opted for hard-copy communications.
Shareholders are being urged to vote by proxy ahead of the meeting, with proxy forms due by 10:00 a.m. AEDT on 29 March 2026, and are encouraged to submit questions in advance by email. The company stresses the importance of reading the Notice of Meeting and Explanatory Memorandum in full, underscoring that these materials contain key information required for shareholders to make informed decisions on the resolutions to be considered.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$0.66 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Trading in Findi Limited (ASX: FND) securities on the Australian Securities Exchange is set to resume from the commencement of trading on Friday, 30 January 2026. The reinstatement to quotation follows ASX’s receipt of the company’s responses to prior query letters, signaling that compliance concerns have been addressed and allowing normal market trading in FND shares to recommence.
The most recent analyst rating on (AU:FND) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has responded to a fresh set of queries from ASX Compliance regarding the valuation assumptions underpinning the planned Indian IPO of its subsidiary TSI, detailing how it selected peer companies and valuation multiples. The company explained that its Indian brokers and investment banks initially identified more than 400 listed financial services firms, then narrowed this to those with fintech and payments business models most analogous to TSI’s intended digital-focused direction, while excluding certain peers whose models were not fintech or whose trading multiples were deemed too high and potentially overly optimistic. In determining an appropriate EV/EBITDA range of 15x to 19x for TSI, Findi said it deliberately adopted a conservative stance, noting this guidance represents a substantial discount to the average multiples of its selected peer group, reinforcing to investors and regulators that its IPO valuation expectations are set below broader market fintech benchmarks.
The most recent analyst rating on (AU:FND) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has appointed Tineyi Matanda as a director effective 12 January 2026, according to a disclosure lodged with the ASX. At the time of appointment, Matanda holds no direct or indirect interests in Findi securities, but the company has agreed, in connection with its Sphere acquisition, to issue shares and options to him or his nominee following completion of that transaction, signaling that his future equity alignment will be tied to the successful closing and integration of the deal.
The most recent analyst rating on (AU:FND) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has requested and been granted an immediate voluntary suspension of trading in its ordinary shares on the ASX, effective 19 January 2026, while it addresses queries from the exchange regarding the Nova Global Investment. The suspension, enacted under ASX Listing Rule 17.2, is intended to help the company manage its continuous disclosure obligations and will remain in place until the ASX is satisfied with Findi’s responses or an announcement on the matter is released, which the company expects to provide before the start of trading on 27 January 2026, temporarily limiting liquidity for shareholders and signalling heightened regulatory scrutiny of the Nova Global transaction.
The most recent analyst rating on (AU:FND) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has strengthened its governance framework by appointing experienced legal and compliance professionals Charly Duffy and Shelby Coleman as joint company secretaries. Duffy, a corporate and equity capital markets lawyer and founder of cdPlus Corporate Services, and Coleman, a governance and compliance specialist with a legal background, will oversee the company’s communications with the ASX on Listing Rule matters, replacing outgoing joint secretaries Justin Mouchacca and Nova Taylor and signalling a continued focus on regulatory compliance and board support.
The most recent analyst rating on (AU:FND) stock is a Sell with a A$0.96 price target. To see the full list of analyst forecasts on Findi stock, see the AU:FND Stock Forecast page.
Findi Limited has requested a trading halt on its ordinary shares listed on the ASX, with the halt to remain in place until either the start of normal trading on 19 January 2026 or the earlier release of an upcoming company announcement. The pause in trading is intended to help Findi manage its continuous disclosure obligations while it prepares an update to a prior announcement made on 15 January 2026, signaling that potentially price‑sensitive information is pending and that investors will have to wait for further details before trading resumes.
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 released a presentation outlining key information about the company and an upcoming pre-IPO equity investment opportunity, while stressing that the material is high-level, incomplete and intended only as general background for prospective investors. The company highlights that any investment in its shares should be regarded as highly speculative and high risk, urges readers to undertake their own due diligence and seek professional advice, and disclaims responsibility for the accuracy or completeness of the information provided, which may change without notice.
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 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.