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 ...

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Lesaka Technologies, Inc. (NASDAQ:LSAK) Q1 2025 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Ali Mazanderani - Executive Chairman Steven Heilbron - Head of Mergers and Acquisitions, and Corporate Development Lincoln Mali - CEO Southern Africa Dan Smith - Chief Financial Officer Naeem Kola - Chief Operating Officer Bronwyn Nielsen - The Nielsen Network Conference Call Participants Raj Sharma - B. Reily Securities Theo O’Neill - LHR Research Sven Thorsden - Anchor Securities Jarr ...

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 ...

Exhibit 99.1 Lesaka Q1 2025 Results: Lesaka continues building operational momentum achieving Revenue and Profitability guidance JOHANNESBURG, November 6, 2024 - 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) com ...

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]

Lesaka Technologies (LSAK) shares ended the last trading session 6.3% higher at $5.04. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.9% loss over the past four weeks. The stock is benefiting from the company's topline strength. LSAK has uplifted its devices from lower turnover sites and deployed them more profitably. This payments company is expected to post quarterly loss of $0.04 per share in its upcoming rep ...