Financial Performance - Lesaka reported Q2 2025 revenue of $146.8 million (ZAR 2.6 billion), which is at the upper end of their revenue guidance and represents an increase from $143.9 million (ZAR 2.7 billion) in Q2 2024[5]. - Net Revenue for Q2 2025 was $77.1 million (ZAR 1.4 billion), a 42% increase in ZAR from $51.7 million (ZAR 968.7 million) in Q2 2024[5]. - Group Adjusted EBITDA for Q2 2025 was $11.8 million (ZAR 211.8 million), exceeding guidance and improving 26% in ZAR from $9.0 million (ZAR 167.8 million) in Q2 2024[5]. - The company expects FY2025 revenue guidance between ZAR 10.0 billion and ZAR 11.0 billion, with Net Revenue between ZAR 5.2 billion and ZAR 5.6 billion[6]. - For FY2026, Group Adjusted EBITDA is expected to be between ZAR 1.25 billion and ZAR 1.45 billion, including the impact of the acquisition of Recharger[7]. - Lesaka's Merchant Division Revenue decreased by 5% in ZAR to $115.8 million (ZAR 2.1 billion), while Consumer Division Revenue increased by 31% in ZAR to $22.9 million (ZAR 410.7 million)[5]. - Lesaka's net loss for Q2 2025 increased to $32.1 million (ZAR 583.7 million) compared to a net loss of $2.7 million (ZAR 50.8 million) in Q2 2024[5]. - The company reported a GAAP loss of $32,134,000 for the three months ended December 31, 2024, compared to a loss of $2,707,000 in the same period of 2023, indicating a significant increase in losses[26]. - The company's net revenue for the three months ended December 31, 2024, was $77,060,000, representing a 49% increase from $51,730,000 in the same period of 2023[30]. - Group Adjusted EBITDA for the six months ended December 31, 2024, was $21,173,000, up from $16,975,000 in the same period of 2023, reflecting a growth of approximately 25%[26]. - Merchant net revenue for the three months ended December 31, 2024, was $47,714,000, a 75% increase from $27,214,000 in the same period of 2023[30]. - For the six months ended December 31, 2024, Lesaka Technologies reported a net loss of $36,676,000 compared to a net loss of $8,358,000 for the same period in 2023, representing a significant increase in losses[32]. - Revenue for the six months ended December 31, 2024, was $292,364,000, up from $279,982,000 in 2023, indicating a growth of approximately 4.6% year-over-year[34]. - The company reported a net loss of $36,676,000 for the six months ended December 31, 2024, compared to a net loss of $8,358,000 for the same period in 2023[39]. Strategic Acquisitions - The acquisition of Adumo, which closed in October 2024, and the expected acquisition of Recharger in Q3 2025 are significant strategic moves for the company[6]. - The company incurred transaction costs of $684,000 related to acquisitions in the three months ended December 31, 2024[31]. - The company incurred transaction costs related to the Adumo acquisition amounting to $1,702,000 for the six months ended December 31, 2024[34]. Cash Flow and Investments - Cash flows from operating activities showed a net cash used of $13,302,000 for the six months ended December 31, 2024, compared to a net cash provided of $3,957,000 in 2023[36]. - The company reported capital expenditures of $10,283,000 for the six months ended December 31, 2024, compared to $5,007,000 in 2023, reflecting an increase in investment activities[36]. Balance Sheet and Equity - Total current assets increased to $211,365,000 in December 2024 from $187,696,000 in June 2024, representing a growth of 12.6%[38]. - Total assets reached $640,574,000 in December 2024, up from $558,450,000 in June 2024, indicating a 14.7% increase[38]. - Total liabilities increased to $351,580,000 in December 2024 from $303,164,000 in June 2024, reflecting a rise of 15.9%[38]. - Goodwill increased significantly to $200,760,000 in December 2024 from $138,551,000 in June 2024, a growth of 44.9%[38]. - Total equity rose to $200,037,000 in December 2024, compared to $175,857,000 in June 2024, marking a 13.8% increase[38]. - Additional paid-in capital increased to $421,950,000 in December 2024 from $343,639,000 in June 2024, a rise of 22.8%[38]. Operational Performance - Operating loss for the six months ended December 31, 2024, was $732,000, compared to an operating income of $2,501,000 in 2023, marking a decline in operational performance[34]. - The cost of goods sold and related expenses decreased from $221,756,000 in 2023 to $212,185,000 in 2024, reflecting a reduction of about 4.3%[34]. - The company experienced a change in fair value of equity securities resulting in a loss of $33,731,000 for the six months ended December 31, 2024, compared to no such loss in 2023[34]. - Stock-based compensation charges for the three months ended December 31, 2024, amounted to $2,644,000, compared to $1,804,000 in the same period of 2023[31]. - The indirect tax provision release contributed to a benefit of $196,000 in the three months ended December 31, 2024[31]. Shareholder Impact - Basic loss per share attributable to Lesaka shareholders was $0.51 for the six months ended December 31, 2024, compared to $0.13 in 2023, indicating a worsening loss per share[34]. - Headline loss per share for the three months ended December 31, 2024, was $(0.40), compared to $(0.09) in the prior year[39]. - The weighted average number of shares used to calculate basic loss per share increased to 79,753,000 in December 2024 from 63,805,000 in December 2023[40].

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: ...