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 9:26AM
Price at Release
$2.760
Full Release
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Summary
Findi Limited has announced a series of strategic initiatives including a new A$30 million debt facility aimed at replacing existing A$9.5 million notes and potentially releasing A$40 million of restricted cash, thereby enhancing its liquidity for expansion, particularly in India. The company also executed an agreement to acquire Sphere Holdings Pty Ltd, which will bring advanced loyalty, rewards, and ESG technologies, boosting Findi's capabilities. Two new board members were appointed, and FY26 guidance forecasts significant growth in revenue and EBITDA, marking a transformative year as the company prepares for an IPO in FY27.
Key Points
  • Findi Limited has arranged a new A$30 million debt facility.
  • The facility will replace existing A$9.5 million notes and potentially release A$40 million of restricted cash from TSI India’s balance sheet.
  • Findi Limited has executed an agreement to acquire Sphere Holdings Pty Ltd for up to A$6 million.
  • Sphere's acquisition will enhance Findi's technology with bank-grade loyalty, rewards, and ESG capabilities.
  • New board appointments include Stephen Benton and Tineyi Matanda.
  • FY26 guidance includes projected operating revenue of A$100-105 million and operating EBITDA of A$10-12 million.
  • The acquisition and integrations are part of the strategic plan towards a planned Indian IPO in FY27.
  • The new facility is subject to conditions typical for such transactions.
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.