Findi Limited announce it has received notice from the State Bank of India (SBI), that the contract for the supply of 3912 ATMs into several states in India has been extended to 31 December 2023 or until a new contract tender is awarded with new machines deployed. The contract was expected to cease at the end of December 2022 with a tender process to run for the replacement of the ATMs. SBI has elected to extend the existing contract for a further 12 months, with the tender process delayed accordingly. As a result of the 12-month contract extension, Findi's revenue guidance is that it expects to generate an additional AUD 8-10 million in revenue per quarter whilst the SBI contract is operational.

The Board have yet to determine the impact on EBITDA or EBITDA margin which will be reported in the near future.