Findi (FND) Trading update summary

FY26 financial guidance and performance

• FY26 operating revenue expected at A$83.0–91.6m, below prior guidance of A$100–105m, but up ~35% from FY25A (A$61.6m).

• Total revenue forecasted at A$87.8–96.8m, reflecting integration of acquisitions and scale-up of portfolios.

• Operating EBITDA anticipated below previous A$10–12m range, mainly due to delayed working capital and one-off costs.

• Adjusted operating EBITDA (after non-recurring items) expected at A$8–10m.

• Annualised costs cut by A$4.9m through realised synergies post-acquisitions.

Operational and strategic updates

• A$25m equity raise completed in May 2026, strengthening working capital for Indian subsidiary.

• Working capital infusion enabled recommencement of BLA roll-out, WLA optimisation, and BC Max merchant onboarding.

• April and May 2026 showed sequential improvements in India, with BankIT GTV and revenue up 45%+ month-on-month.

• WLA daily transaction volume up 10% month-on-month in April 2026; BC Max/Unnati centres continued onboarding momentum.

• Strategic trajectory toward FY27 Indian IPO and Payments Bank status remains unchanged.

Management and governance

• Shaun Lordan appointed Chief Commercial Officer, effective 1 June 2026, to drive platform commercialisation.

• Board and management strengthened to support integration and growth initiatives.

• Quarterly operating updates to commence from July 2026 for ongoing shareholder communication.