Core Viewpoint - Lesaka Technologies, Inc. reported its Q2 2025 financial results, highlighting a strong performance in revenue and adjusted EBITDA, while also reaffirming guidance for FY2025 and FY2026 [1][2]. Financial Performance - Revenue for Q2 2025 was $146.8 million (ZAR 2.6 billion), slightly up from $143.9 million (ZAR 2.7 billion) in Q2 2024 [4]. - Net Revenue, a non-GAAP measure, increased by 42% in ZAR to $77.1 million (ZAR 1.4 billion) compared to $51.7 million (ZAR 968.7 million) in Q2 2024 [4]. - Group Adjusted EBITDA for Q2 2025 was $11.8 million (ZAR 211.8 million), representing a 26% increase in ZAR from $9.0 million (ZAR 167.8 million) in Q2 2024 [4]. - The company reported a net loss of $32.1 million (ZAR 583.7 million) for Q2 2025, which included a non-operating, non-cash change in fair value of Mobikwik amounting to $26.6 million (ZAR 485.6 million) [4]. Guidance and Outlook - Lesaka reaffirmed its FY2025 guidance, expecting revenue between ZAR 10.0 billion and ZAR 11.0 billion, and net revenue between ZAR 5.2 billion and ZAR 5.6 billion [5]. - For FY2026, the company anticipates Group Adjusted EBITDA between ZAR 1.25 billion and ZAR 1.45 billion, which includes the impact of the Recharger acquisition expected to close in Q3 2025 [6]. Segment Performance - The Merchant Division reported a revenue decrease of 5% in ZAR to $115.8 million (ZAR 2.1 billion), while Net Revenue increased by 68% in ZAR to $47.7 million (ZAR 854.5 million) [4]. - The Consumer Division saw revenue and net revenue increase by 31% in ZAR to $22.9 million (ZAR 410.7 million), with Segment Adjusted EBITDA rising by 61% in ZAR to $4.3 million (ZAR 77.5 million) [4]. Currency Impact - The average exchange rate for Q2 2025 was ZAR 17.85 to $1, showing a 4.6% strengthening of the ZAR against the U.S. dollar compared to Q2 2024, where the rate was ZAR 18.71 to $1 [1].

JOHANNESBURG, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. ("Lesaka" or the "Company") (NASDAQ:LSAK, JSE: LSK)) today announced it will release second quarter 2025 results after the U.S. market close on February 5, 2025. Lesaka management will host a presentation webcast and conference call on February 6, 2025, at 8:00 a.m. Eastern Time ("EST"), which is 3:00 p.m. South Africa Standard Time ("SAST"), to review these results. Presentation webcast via Zoom:Link to access the results webcast: ht ...

Since last writing about Lesaka Technologies (NASDAQ: LSAK ) back in September , shares in South Africa-based fintech have continued to inch higher, even as market sentiment about investing in South Africa, which soared following the election of the "GovernmentAnalyst’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 (othe ...

JOHANNESBURG, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) (“Lesaka” or the “Company”) today announced that it has signed a definitive agreement to acquire 100% of the issued and outstanding ordinary shares of Recharger (Pty) Ltd (“Recharger”), a South African prepaid electricity submetering and payments business. The purchase consideration of ZAR 507 million ($28 million translated at the average exchange rate of $1: ZAR 18.06 as of November 18, 2024) will be paid ov ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...

Lesaka Technologies (LSAK) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this payments company would post a loss of $0.06 per share when it actually produced a loss of $0.08, delivering a surprise of -33.33%.Over the last four quarters, the compa ...

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 September 30, 2024 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) Florida 98-0171860 (State or oth ...

JOHANNESBURG, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the first quarter of fiscal 2025 (“Q1 2025”). Q1 2025 performance: Revenue of $145.5 million (ZAR 2.6 billion) was at the mid-point of our revenue guidance and compares to $136.1 million (ZAR 2.5 billion) in Q1 2024.Operating loss of $0.05 million (ZAR 0.3 million) compares to operating income of $0.2 million (ZAR 4.2 million) in Q1 2024. The current quarter includes $1.7 million (ZA ...

JOHANNESBURG, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. ("Lesaka" or the "Company") (NasdaqGS: LSAK; JSE: LSK) today announced it will release first quarter 2025 results after the U.S. market close on November 6, 2024. Lesaka management will host a presentation webcast and conference call on November 7, 2024, at 8:00 a.m. Eastern Time ("EST"), which is 3:00 p.m. South Africa Standard Time ("SAST"), to review these results. Presentation webcast via Zoom: Link to access the results webcast: ...

Acquisition Details - Lesaka Technologies completed the acquisition of Adumo RF (Pty) Ltd for a total purchase consideration of ZAR 1.67 billion ($96.2 million), settled through the issuance of 17,279,803 shares of Lesaka's common stock and a cash payment of ZAR 232.2 million ($13.4 million) [1] - The transaction implies a purchase price based on Lesaka's October 1, 2024, closing price of ZAR 83.05 per share on the Johannesburg Stock Exchange [1] - Lesaka also agreed to purchase 2,601,410 shares of its common stock for ZAR 207.2 million ($12.0 million) to provide cash liquidity to indirect Adumo shareholders, expected to complete in early October 2024 [5] Strategic Impact - The acquisition of Adumo, South Africa's largest independent payments processor, reinforces Lesaka's position as a consolidator in Southern African fintech [2] - The transaction enhances Lesaka's consumer and merchant market strengths, following the successful integration of Connect, Kazang, and Touchsides businesses [2] - The combined fintech platform will serve 1.7 million active consumers, 120,000 merchants, and process over ZAR 270 billion in throughput annually, including ZAR 45 billion in card transactions, ZAR 105 billion in VAS, and ZAR 120 billion in cash [3] - The acquisition broadens Lesaka's product offering and deepens penetration in both merchant and consumer segments, accelerating growth and providing opportunities for innovation and market expansion [4] Operational Integration - Adumo CEO Paul Kent joins Lesaka's executive leadership team, taking responsibility for the merchant pillar, while Crossfin CEO Dean Sparrow joins the board as a non-executive director [4] - The combined group will have over 3,300 employees operating in 5 countries: South Africa, Namibia, Botswana, Zambia, and Kenya [3] - Adumo's businesses, including Adumo Payments, Adumo ISV (GAAP), and Adumo Ventures, will integrate with Lesaka's existing operations, offering a holistic suite of products and services to merchants and consumers [6][7] Adumo Overview - Adumo is South Africa's largest independent payments processor with over 20 years of experience, serving approximately 23,000 active merchants across South Africa, Namibia, Botswana, and Kenya [6] - The company generates the majority of its revenue from per-transaction fees and SaaS subscription fees, employing approximately 950 employees as of June 30, 2024 [8] - Adumo's businesses include payment processing, integrated software solutions, and online commerce solutions, serving clients such as Anglo American, Coca-Cola, KFC, McDonald's, and Nando's [7] Lesaka Overview - Lesaka Technologies is a South African fintech company providing financial services and software to underserved consumers and merchants in Southern Africa [9] - The company offers a wide range of solutions, including transactional accounts, lending, insurance, cash management, card acceptance, supplier payments, software services, and bill payments [9] - Lesaka has a primary listing on NASDAQ (NasdaqGS: LSAK) and a secondary listing on the Johannesburg Stock Exchange (JSE: LSK) [10]