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

Findi

17/02/2025 24:23

** 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.DasaSundeepmailto:Sameer.Manekar@thomsonreuters.com;))