• Findi Ltd delivered total revenues of $75.5m, EBITDA of $31.4m, and a net loss after tax of $12.5m
• Successful $40.8m capital raise to support expansion of subsidiary Transaction Solutions International (India) Pvt Ltd
• TSI exercised call option to buy back Compulsory Convertible Debentures issued to Indian investment group Piramal Alternatives

Findi Ltd (ASX: FND) has reported its preliminary results for the year ended 31 March 2025, delivering total revenues of $75.5m, revenue from ordinary activities (including interest income) of $66.5m, EBITDA of $31.4m, and a net loss after tax of $12.5m. These results represent a 0%, +15%, and -410% change respectively when compared to the previous year. During the year, the company successfully raised $40.8 million in capital to support the expansion of Transaction Solutions International (India) Pvt Ltd (TSI), Findi's majority owned subsidiary, and TSI's decision to exercise its call option over the Compulsory Convertible Debentures (CCDs) previously issued to Indian investment group Piramal Alternatives. On calling the option to buy back the CCDs, TSI chose to pay out a committed IRR of 18% to avoid TSI shareholders being diluted by the A$153.0 million (A$190.9 million post money) valuation in the original CCD agreement. This settlement equated to a one-off $17.2 million payment to Piramal in March 2025 and allowed new CCD terms to be negotiated. Piramal has agreed to invest the proceeds received upon the exercise of TSI's call option of Rs 2,000,000,000 (200 Crore) (A$36.31 million) in new CCDs (New CCDs) at an agreed INR 2,750 Crore (A$500.0 million) market valuation post-money for TSI ahead of TSI's intended listing on the Bombay Stock Exchange in 2026. The new CCDs are not subject to a coupon prior to 24 November 2026. Subsequent to the end of the 2025 financial year, Findi advised that further to its announcements on 20 March 2025, the company's SPP and additional placement has issued a total of 1,250,000 equivalent to $5m share value. The funds raised will be used for capex requirements for deploying the additional 2,293 ATMs under the new State Bank of India agreement, and Acceleration of the White Label ATM rollout post the TCPSL acquisition.