• Record network reach, continued digital expansion and new funding facility
• Acquired Sphere to enhance monetisation across FindiBANKIT, Unatti and BC Maxx Centres
• Momentum building toward FY27 Indian IPO

Findi Limited (ASX: FND), a digital payments and financial services provider, has announced its financial results for the half year ended 30 September 2025 (1H26). The company achieved strong top-line growth, recording revenue from operations of A$46.4m, up 51% from 1H25. However, Operating EBITDA was impacted by non-recurring items, including delays in ATM deployments, additional direct cost provisions and one-off termination and legal costs. Excluding these non-recurring items, Underlying EBITDA for the half was A$8.2m. Findi completed the integration of TCPSL and BankIT, creating one of India's largest hybrid financial service networks with over 175,000 ATM and payment locations nationwide. The company's digital business now contributes approximately one-third of operating revenue, underpinning its evolution toward a full-service 'phygital' banking model. Subsequent to the reporting period, Findi announced the acquisition of Sphere, adding bank-grade loyalty, rewards and ESG technology to the Findi ecosystem, enhancing monetisation across its various business units. The company also secured non-binding commitments for an initial A$30m note facility, which replaces existing $9.5m notes and provides scalable funding headroom up to A$100m. This will allow Findi to release A$40m of restricted cash from its balance sheet to accelerate growth. Findi is reaffirming its previously stated FY26 guidance of revenue in the range of A$100-105 million and Operating EBITDA in the range of A$10-12 million (or underlying A$18-20 million excluding non-recurring items).

Revenue in the range of A$100-105 million and Operating EBITDA in the range of A$10-12 million (or underlying A$18-20 million excluding non-recurring items) for the financial year 2026.

Findi is now focused on completing the Brown Label ATM rollout, completing the re-set of the White Label ATM portfolio, and Digital GTV growth to maximise its quarterly Revenue and Operating EBITDA run rate as it progresses toward a planned IPO on the Bombay Stock Exchange in FY27.