Findi Limited Provides FY25 Guidance and Market Update
FND (FND) Share Update July 2024 Wednesday 31st
Findi Limited Announces FY25 Guidance and Market Update
Findi Limited (ASX: FND), a fintech company driving India's digital banking revolution, has released its FY25 guidance and market update, projecting notable growth in revenue and EBITDA.
Instant Summary:
- Projected FY25 revenue: $80-90 million
- Projected FY25 EBITDA: $30-35 million
- Expansion of FindiPay into six new Indian states
- Deployment of 1,500-2,000 ATMs in FY25
- IPO of TSI India scheduled for late 2026
FY25 Revenue and EBITDA Guidance
Findi Limited has announced its financial projections for the fiscal year 2025, with expected revenue between $80-90 million and EBITDA ranging from $30-35 million. This growth is driven by strategic investments in ATM infrastructure and the expansion of FindiPay, the company's digital payment solution.
Expansion of FindiPay
FindiPay is set to expand into six new states in India, increasing its presence to twelve states and territories by March 2025. The company aims to acquire 3,000 merchants per month, projecting over 60,000 merchant locations by the end of FY25.
ATM Deployment and Market Opportunities
Findi plans to deploy 1,500-2,000 ATMs in FY25, with an additional 4,000 White Label ATMs (WLAs) budgeted for deployment by March 2025. The ongoing consolidation in the Indian ATM market presents further opportunities for growth.
IPO of TSI India
The IPO of Findi's subsidiary, TSI India, is on track for late 2026. The company has shortlisted lead brokers and plans to lodge its Securities and Exchange Board of India (SEBI) application in 2025, with approval anticipated by mid-2026.
Strategic Investments in People and Systems
Findi is making significant investments in its leadership team and enterprise systems. Nicholas Smedley, the current Chairman, will become Executive Chairman for a three-year term, overseeing the company's acquisition pipeline and the TSI India IPO.
The projected growth in revenue and EBITDA is likely to positively impact Findi's stock price as investors react to the company's strategic initiatives. The expansion of FindiPay and the deployment of additional ATMs will enhance the company's market presence and revenue streams.
Investor Reaction:
Analysts are expected to react positively to Findi's growth projections and strategic initiatives. The planned IPO of TSI India and the expansion of FindiPay are seen as key drivers of future growth, although some caution may be warranted due to the high-risk nature of the fintech sector.
Conclusion:
Investors should closely monitor Findi's progress in executing its strategic initiatives and consider the potential long-term benefits of the company's growth plans. The upcoming IPO of TSI India and the expansion of FindiPay represent significant opportunities for value creation.