Ai likes it Findi Limited (ASX: FND) Financial Review (FY24)...

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Findi Limited (ASX: FND) Financial Review (FY24)
Financials:

• Revenue: $66.5 million, up 22.1% YoY
• EBITDA: $27.4 million, up 63% YoY (EBITDA margin: 41.2%)
• Net Profit After Tax (NPAT): $4.0 million, up 64% YoY
• Earnings Per Share (EPS): 10.28 cents, up 64% YoY
• Cash Flow: Strong, with operating cash flows of $26.7 million (up significantly from FY23)
• Net Debt / Cash: Improved, with net cash reserves of $37.6 million

Financial Review:

• Record financial performance across all key metrics.
• Strong growth in both core ATM business and FindiPay merchant network.
• Improved profitability with a significant increase in EBITDA margin.
• Strong cash flow generation, indicating a financially healthy company.

Company Growth (FY24)

• ATM Network: Successfully deployed over 2,550 ATMs for Central Bank of India (CBI).
• FindiPay: Onboarded over 17,000 new merchants, reaching a total of 25,967 merchants (201% growth YoY).
• Strategic Expansion: Secured in-principle approval for White Label ATMs, allowing for rebranding of existing ATMs.
• Growth Capital: Raised $37.6 million via convertible debentures to support growth initiatives..

Market Capitalization Estimate:

Based on the financials provided in the Annual Report and assuming a reasonable price-to-earnings (P/E) ratio, the market capitalization of Findi could be in the range of several hundred million dollars. However, this is just an estimate, and the actual market capitalization would depend on the current market sentiment and investor confidence in the company's future prospects.

Overall:

Findi Limited demonstrated impressive financial performance and company growth in FY24. The company is well-positioned for continued growth with its expansion plans and strong financial health.