Finexia Financial Group provided its earning guidance for the 2022 financial year. Given the backdrop of COVID-19, recent hostilities in the Ukraine, rising inflationary indicators, amongst other global challenges, financial markets are being viewed by most analysts as uncertain. As a result, your board considers it prudent to keep shareholders informed of Finexia's positive financial position, including anticipated Gross Revenue and EBIT for 2022.

Following on from a strong first half to 31 December 2021 (NPAT AUD 2.56 million), the second half is anticipated to be marginally restrained as a result of possible reduced equities trading volumes. In summary, Finexia's Executive estimates gross revenue of circa AUD 9.5 million for 2022 (AUD 5.9 million in 2021 > 61% increase on the previous corresponding period). Gross revenue of AUD 9.5 million is expected to result in EBIT of AUD 3.8 million for 2022.

This is a significant improvement on the previous year (EBIT AUD 1.093 million > 248% increase on the previous corresponding period). These estimates may be impacted by events outside of its control including an upward shift in domestic interest rates and a `risk off' background being played out in global investment markets as geopolitical aggression heightens in Ukraine. The Company's businesses have been unaffected to date, however, management continues to closely monitor any impacts and will advise the market accordingly.

The robust financial performance year to date and strong recurring revenue growth across the business units have further strengthened the group's cash position of AUD 4.6 million as disclosed in the half year accounts at 31 December 2021. It is anticipated that the Group's cash position will be utilised across a number of projects, investments and further debt reduction in the run to 30 June 2022.