Tiger Brokers

BUZZ-Australia's Findi gains on ATM agreement with State Bank of India

Reuters
Feb 17, 2025
BUZZ-Australia's Findi gains on ATM agreement with <a href="https://laohu8.com/S/SBKFF">State Bank of India</a>

** Shares of Australia's Findi FND.AX rise as much as 6.4% to A$4.850, their biggest intraday gain since February 10

** Fintech co secures agreement with State Bank of India SBI.NS for further deployment of 2,293 ATMs

** Contract expected to deliver revenue of A$250 mln ($158.93 mln) to A$270 mln ($171.64 mln) and EBITDA of A$125 - $135 mln over 10-yrs

** However, co revises down its FY25 EBITDA forecast to A$30 mln to A$32 mln vs previously announced forecast of A$30 mln to A$35 mln

** FY25 revenue expected to be in range of A$68 mln-A$70 mln vs previous guidance of A$80 mln-A$90 million

** Stock up 1.3%, including current session's moves

($1 = 1.5731 Australian dollars)

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeepSameer.Manekar@thomsonreuters.com;))

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