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Findi Limited (ASX:FND)

ALERT: Price-sensitive ASX Announcement for FND
Current share price for FND : $0.405 -0.205 (-33.61%)+
Announcement
Release
21 May 2026 9:55AM
Price at Release
$0.610
Full Release
download
Summary
Findi Limited has provided an operational update for FY26, expecting operating revenue between A$83.0 and A$91.6 million, which is below the previous guidance. The FY26 operating EBITDA is also anticipated to be lower than the earlier guidance of A$10 to 12 million due to various factors including additional non-recurring costs and funding delays. A significant A$25 million equity raise was completed in May 2026 for working capital infusion, particularly benefiting the India operations. Post-FY26, operational improvements were reported, with notable growth in the Indian market. The company continues to progress towards its strategic goal of a 2027 Indian IPO and has appointed Shaun Lordan as the Chief Commercial Officer to further commercialize the integrated platform. Findi also plans to provide quarterly operating updates starting in July to keep shareholders informed.
Key Points
  • FY26 Operating Revenue expected between A$83.0 – A$91.6 million
  • FY26 Operating EBITDA below prior guidance of A$10 – 12 million
  • A$25 million equity raise completed for working capital infusion
  • Operational improvements seen in India post-FY26
  • Appointment of Shaun Lordan as Chief Commercial Officer
  • Strategic trajectory towards 2027 Indian IPO remains unchanged
  • Quarterly operating updates to be provided from July
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.