Findi (ASX:FND) reduced its fiscal 2025 earnings before interest, tax, depreciation, and amortization (EBITDA) guidance to a range of AU$30 million to AU$32 million from a previously expected range of AU$30 million to AU$35 million, according to a Monday filing with the Australian bourse.
The company also trimmed its fiscal 2025 revenue guidance to a range of AU$68 million to AU$70 million from the previously expected range of AU$80 million to AU$90 million as a result of the delay in obtaining a White Label Licence involving its acquisition of Tata's unit Indicash, the filing added. Analysts polled by FactSet expect revenue of AU$76 million.
In the same filing, the company said its unit, Transaction Solutions International, secured a seven-year agreement with the State Bank of India to deploy a further 2,293 ATMs.
The contract comes with a three-year extension and is estimated to deliver AU$125 million to AU$135 million in EBITDA in the extended contract period of 10 years, the filing added.
The company has appointed Rothschild & Co as financial adviser for the 2026 initial public offering of Findi India, the filing said.
Company shares rose past 4% in recent Monday trade.
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