Findi Limited · ASX:FND
Findi — Corporate Update (October 2025)
32 slides from Findi's corporate update, Oct 21, 2025
Slide 1: Business update, FY26 guidance and Acquisition of Sphere
Business update, FY26 guidance and Acquisition of Sphere OCTOBER 2025 Findi is redefining financial access in India, bridging the gap between physical and digital banking to empower millions.
Slide 2: Important notice & disclaimer
Findi Group Investor Presentation 02 Important notice & disclaimer This presentation (Presentation) has been prepared by Findi Limited (Findi or the may have on Findi. This Presentation has been prepared without taking account DISCLAIMER Company) and is authorised for release by its Directors. You m
Slide 3: Overview
Findi Overview
Slide 4: What we do
Findi Group Investor Presentation 04 Founded in 2005, Findi bridges the gap between traditional and digital banking, offering Brown Label and White Label ATM solutions in addition to, inclusive financial services such as Domestic Money Transfer (DMT), Aadhaar Enabled Payment System (AePS), Micro ATM
Slide 5: Investment themes
Findi Group Investor 05 Presentation Investment themes Secular and Robust BLA Fast growing, Highly scalable Demonstrated Strong favourable business with last-mile digital and sustainable ability and execution track industry long-term banking franchise-led strong levers in record with tailwinds contr
Slide 6: Strategic horizon towards listing on Indian stock exchange
Findi Group Investor 06 Presentation Strategic horizon towards listing on Indian stock exchange INITIAL PUBLIC OFFERING We have made significant October-25 (TSI INDIA) strides in achieving our FND is HERE strategic objectives, moving us closer to Stage 3 of our DIGITAL GROWTH SEGMENT Strategic Horiz
Slide 7: Post IPO: Findi eligible to be a Payments Bank
Findi Group Investor 07 Presentation Post IPO : Findi eligible to be a Payments Bank In addition to providing shareholder liquidity, upon listing on the Bombay Stock Exchange TSI will be eligible to become a Pa yments Bank, providing significant growth opportunities. COMBINED ECOSYSTEM BENEFITS OF B
Slide 8: Executive Summary
Executive Summary
Slide 9: FY26 – a difficult but transformational year with strong growth ahead
Findi Group Investor 09 Presentation FY26 – a difficult but transformational year with strong growth ahead… Completed TCSPL acquisition in March 2025, increasing ATMs under management by >4,500, with ability to monetise an additional 6,750 warehoused ATMs Completed BankIT acquisition in April 2025 –
Slide 10: Recent acquisitions have significantly increased market penetration
Findi Group Investor 10 Presentation Recent acquisitions have significantly increased market penetration Findi has a network of over 175,000 ATM / payment locations 1 across all Indian States & Territories providing truly national coverage and deep market penetration. . FY25 MARKET PENETRATION (Pre
Slide 11: FY26 guidance – Operating Revenue and EBITDA
Findi Group Investor 11 Presentation FY26 guidance – Operating Revenue and EBITDA Revenue continues to grow strongly and is expected to exceed $100M this financial year, driven by recently acquired WLA and Digital business units. We have implemented improvement initiatives across the acquired TCSPL
Slide 12: FY26 guidance – Operating EBITDA
Findi Group Investor 12 Presentation FY26 guidance – Operating EBITDA FY26 operating EBITDA is expected to be ~$11.7M, compared to $20.6M 1 in the pcp. WLA and digital business units are expected to make modest contributions to EBITDA. BLA has been adversely impacted by funding and ATM roll -out del
Slide 13: Recovery underway
Findi Group Investor 13 Presentation Recovery underway The recovery is underway with the March 2026 forecast Operating Revenue annual run rate estimated to be ~$130M+ and the EBITDA annual run rate estimated to be ~$30M+. OPERATING REVENUE – EXIT RUN RATE EBITDA– EXIT RUN RATE Sept-25A1 annualised 1
Slide 14: FY26 guidance - by business unit 1H v 2H
Findi Group Investor 14 Presentation FY26 guidance - by business unit 1H v 2H Business acquisitions have now been integrated. One off expenses incurred in 1H26. All cost efficiencies have been identified and will be completely realised during 2H26. OPERATING REVENUE & EBITDA – FY25A & FY26E – 1H v 2
Slide 15: Acquisition of Sphere – 'Green' Loyalty and Rewards
Findi Group Investor 15 Presentation Acquisition of Sphere – ‘Green’ Loyalty and Rewards Sphere is an API platform that powers carbon features, loyalty/rewards and directed funding, deployable across banks, payment gateways and merchants. It is extendable to Findi ATMs and BankIT merchants and BC Ma
Slide 16: Board & funding updates
Findi Group Investor 16 Presentation Board & funding updates BOARD UPDATE FUNDING UPDATE Management and governance Note facility As we proceed towards a listing of TSI India on the Bombay Stock Exchange, we have Findi has secured non-binding commitments for an initial A$30M Note facility, with the r
Slide 17: Trading Update
Trading Update
Slide 18: FY26 Group Forecast
Findi Group Investor 18 Presentation FY26 Group Forecast Findi forecasts A$100M – A$105M in Operating Revenue and A$10 – A$12 million in Operating EBITDA for FY26. BLA delays and downtime have impacted the FY26 forecast. The delays are considered timing issues. Findi anticipates a return to normal r
Slide 19: FY26 Group Forecast by Business Unit
Findi Group Investor 19 Presentation FY26 Group Forecast by Business Unit Findi forecasts that c.53% of FY26F Operating Revenue will come form BLA, c.16% from WLA and c.31% from Digital; and that c.45% of FY26F Operating Revenue will be booked in 1H26. 1HFY26F EBITDA was adversely impacted by ATM ro
Slide 20: Key metrics by business unit
Findi Group Investor 20 Presentation Key metrics by business unit Recent acquisitions have enabled Findi to significantly expand its WLA and digital business units from effectively $0M in revenue to ~$20M (WLA) in FY26. Digital revenues are being driven by merchant acquisitions. Brown Label ATMs Mar
Slide 21: Brown Label | Trading Update
Findi Group Investor 21 Presentation Brown Label | Trading Update The BLA operations team have successfully installed 2,935 of the 4,219 SBI ATMs awarded under the direct contract announced to the market 30 October 2023: and 184 of the additional 638 CBI ATMs announced 2 October 2024. BLA PORTFOLIO
Slide 22: White Label | Trading Update
Findi Group Investor 22 Presentation White Label Label | Trading Update The profitability of the WLA portfolio is being monitored ATM by ATM, managed in clusters, the sales channels have been fully reactivated, and the FindiPay sales team have been redeployed to WLA sales. - 560 x WLA franchisee sal
Slide 23: Digital | Trading Update
Findi Group Investor 23 Presentation Digital | Trading Update BankIT has delivered immediate digital banking scale and additional infrastructure to accelerate Findi’s strategic objective of evolving into a fully fledged Payments Bank. INTEGRATION OVERVIEW GTV bounce back The BankIT acquisition settl
Slide 24: Digital | Unified banking centres
Findi Group Investor 24 Presentation Digital | Unified banking centres Building out Findi’s future payments bank branch network across India with Unified Banking Centres A NEW BANKING MODEL UBC ROLLOUT What is a UBC? A Unified Banking Centre are local banking hubs and offer Roll-out forecast: 500 UB
Slide 25: Corporate | Synergies
Findi Group Investor 25 Presentation Corporate | Synergies A$6 million in cost synergies are being realised and a further A$2 million identified. Full benefit of synergies to be realised by 4Q FY26. Operational synergies include: Administrative synergies include: • BLA ATMs available for redeploymen
Slide 26: Appendix 1
Appendix 1
Slide 27: 2025 Operating Revenue and Operating EBITDA
27 2025 Operating Revenue and Operating EBITDA FY25 Total Revenue to FY25 Revenue from Operations: FY25 EBITDA to FY25 Operating EBITDA: 75.5 (7.2) 61.1 (7.3) 3.7 31.4 (7.2) 20.6 A$75.5m A$61.1m (7.3) A$31.4m A$20.6m FY25A Other Extra FY25A FY25A Corporate Other Extra FY25A Total Income1 ordinary Op
Slide 28: Glossary of terms
ASX: FND 10 October 2025 Glossary of terms Term Definition 1H26 The six months ended 30 September 2025 Active Agent A digital agent who has transacted within the defined activity window (e.g., last X days). AePS (Aadhaar Enabled Payment System) Biometric- based payment system that enables banking tr
Slide 29: Glossary of terms
29 Glossary of terms Term Definition EBITDA Earnings Before Interest Tax Depreciation & Amortisation FindiPay Findi’s digital payments and merchant network platform. Franchise Model Capital- light model where independent operators (franchisees) fund ATM deposits and share in transaction revenue. GTV
Slide 30: Glossary of terms
30 Glossary of terms Term Definition RBI Reserve Bank of India Run Rate Annualised projection of current- period performance (Revenue or EBITDA) extrapolated to 12 months. SBI (State Bank of India) Major bank partner under the Brown Label ATM contracts. SURU / SURA Regions Semi- Urban / Rural Areas
Slide 31: Corporate structure
31 Corporate structure Findi Group Findi Limited TSI Group 100% 100% 76.88% Transaction Solutions 9.05% TSI Investments (Mauritius) Transaction Solutions International (Australia) Pty Pty Ltd International (India) Pvt Ltd Ltd Findi Ltd owns 85.93% of the TSI Group: • 76.88% direct holding via Transa
Slide 32: Email: investors@findi.co • Phone: +61 8 6444 1798
Email: investors@findi.co • Phone: +61 8 6444 1798 Level 4, 90 William Street, Melbourne 3000 Australia FINTECH DIGITAL PAYMENTS INNOVATION findiˌco