JOHANNESBURG, July 09, 2025 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (NASDAQ:LSAK, JSE: LSK) ("Lesaka") today announced it will release fourth quarter and year-end 2025 results after the U.S. market close on September 3, 2025. Lesaka management will host a presentation webcast and conference call on September 4, 2025, at 8:00am EDT (2:00pm SAST), followed by a live question and answer session for analysts and investors. Webcast Registration Link to access the results webcast: https://www.corpcam.com/Le ...

Since my last write-up on Lesaka Technologies (NASDAQ: LSAK ), shares in the South Africa-based fintech firm, which at the time were in the midst of a post-earnings pullback, have since climbed back to higherAnalyst’s Disclosure:I/we have a beneficial long position in the shares of LSAK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relatio ...

Core Viewpoint - Lesaka Technologies, Inc. has announced the acquisition of Bank Zero Mutual Bank, aiming to enhance its fintech platform and banking capabilities, with a transaction value of up to ZAR 1,091 million ($61.4 million) [1][5][6] Group 1: Acquisition Details - Lesaka will acquire 100% of Bank Zero's issued ordinary shares, with Bank Zero shareholders expected to own approximately 12% of Lesaka's fully diluted shares post-transaction [1][5] - The acquisition consideration includes newly issued shares and up to ZAR 91 million ($5.1 million) in cash, based on an assumed share price of ZAR 88.26 ($4.97) [1][5] - The transaction is subject to customary closing conditions and regulatory approvals, including those from the South African Reserve Bank and Competition Commission [2] Group 2: Bank Zero Overview - Bank Zero is a South African digital bank founded in 2018, offering a zero-fee banking model and a secure app-driven platform [3][16] - As of April 2025, Bank Zero had a deposit base exceeding ZAR 400 million and over 40,000 funded accounts [3] Group 3: Strategic Rationale - The acquisition is a strategic move for Lesaka to build a vertically integrated fintech platform, combining Bank Zero's digital banking infrastructure with Lesaka's fintech capabilities [4][8] - Expected benefits include optimized balance sheets, reduced reliance on bank debt, and potential gross debt reduction of over ZAR 1.0 billion post-completion [4][6] Group 4: Leadership and Governance - Following the acquisition, key Bank Zero leaders, including Michael Jordaan and Yatin Narsai, will join Lesaka's board and continue in their current roles [9][10] - The transaction reflects a long-term strategic partnership aimed at enhancing customer service and operational efficiency [13]

Analyst’s Disclosure: I/we have a beneficial long position in the shares of LSAK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any i ...

Lesaka Technologies (LSAK) Q3 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Phillipe Welthagen - ED & Investor RelationsDan Smith - Group CFOSteven Heilbron - Head of Mergers, Acquisitions & Corporate DevelopmentLincoln Mali - CEO of Southern Africa & DirectorNaeem Kola - Group COOAli Mazanderani - Executive Chairman Phillipe Welthagen Welcome to Lusarcatec's webcast for the third quarter of fiscal twenty twenty five. As a reminder, the webcast is being recorded and the presentation can b ...

Lesaka Technologies (LSAK) Q3 2025 Earnings Call May 08, 2025 08:00 AM ET Speaker0 Welcome to Lusarcatec's webcast for the third quarter of fiscal twenty twenty five. As a reminder, the webcast is being recorded and the presentation can be accessed through the webcast link provided. Management will address any questions you may have at the end of the presentation. Participants, please enter your questions into the questions section of this webcast. The webcast link as well as our press release and investor ...

Group 1: Earnings Performance - Lesaka Technologies reported quarterly earnings of $0.04 per share, exceeding the Zacks Consensus Estimate of $0.02 per share, compared to a loss of $0.06 per share a year ago, representing an earnings surprise of 100% [1] - The company posted revenues of $135.67 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.36%, although this is a decline from year-ago revenues of $138.19 million [2] - Over the last four quarters, Lesaka Technologies has surpassed consensus EPS estimates just once, but has topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Lesaka Technologies shares have declined approximately 21.7% since the beginning of the year, in contrast to the S&P 500's decline of 4.7% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.05 on $131 million in revenues, and $0.12 on $553.36 million in revenues for the current fiscal year [7] Group 3: Industry Context - The Technology Services industry, to which Lesaka Technologies belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]

FY25 Q3 Results Presentation May 8, 2025 1 Safe harbor statement 2 The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements so long as such information is identified as forward-looking and is accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in the information. The use of words such as "may", "might", "will", "should", "expect", "plan", "anticipate ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from To Commission file number: 000-31203 LESAKA TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction (IRS Em ...

JOHANNESBURG, May 07, 2025 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the third quarter of fiscal 2025 ("Q3 2025"). Q3 2025 performance: (1) Average exchange rates applicable for the quarter for the purposes of translating our results of operations: ZAR 18.40 to $1 for Q3 2025, ZAR 18.88 to $1 for Q3 2024. The ZAR strengthened 2.5% against the U.S. dollar during Q3 2025 when compared to Q3 2024. Commenting on the results, Lesaka Chairman Ali Mazanderani ...