• New A$30m debt facility arranged to replace existing $9.5m notes, providing ability to further scale the facility and releasing up to A$40m of restricted cash from TSI India's balance sheet
• Proposed Acquisition of Sphere to add bank-grade loyalty, rewards and ESG technology to the Findi ecosystem
• Board renewal with high calibre appointments, including Stephen Benton and Tineyi Matanda

Findi Ltd (ASX: FND) has announced several key initiatives that strengthen its balance sheet, enhance its technology capabilities, and position the company for continued growth ahead of its planned Indian IPO in FY27. The company has secured non-binding indicative commitments for a new A$30 million note facility, which will replace the existing A$9.5 million loan notes. The new facility will enable the retirement of debt in India and unlock up to A$40 million of restricted cash currently held on the balance sheet of TSI India, strengthening liquidity and flexibility as Findi continues to scale operations across India. Findi has also executed a share sale agreement to acquire 100% of Sphere (For Good) Holdings Pty Ltd, a provider of bank-grade payments, loyalty, rewards and ESG functionality. The acquisition will accelerate cross-sell opportunities, create incremental transaction-based revenues, and strengthen Findi's ESG and loyalty credentials ahead of its planned Indian IPO. As part of the board renewal, Findi intends to appoint Stephen Benton, former CEO & Managing Director of EFTPOS Australia, and Tineyi Matanda, Investment Director at Salter Brothers, as new Non-Executive Directors. For FY26, Findi expects operating revenue of A$100-105 million (up 60% on FY25) and operating EBITDA of A$10-12 million (or A$18-20 million excluding non-recurring items), with a strong second half rebound expected.

For FY26, Findi expects operating revenue of A$100-105 million (up 60% on FY25) and operating EBITDA of A$10-12 million (or A$18-20 million excluding non-recurring items).

Findi remains on track for its planned FY27 IPO on the Bombay Stock Exchange and the progression toward Payments Bank status. The company expects the momentum building through the second half of FY26 to carry into FY27 and beyond, creating sustained value for shareholders.