Lesaka(US:LSAK)2025-11-05 21:12Financial Performance - Q1 FY2026 revenue reached $171.5 million (ZAR 3.0 billion), representing a 10% increase in ZAR year-on-year[8] - Net revenue for Q1 FY2026 was $86.6 million (ZAR 1.5 billion), up 45% in ZAR compared to Q1 FY2025[8] - Group Adjusted EBITDA for Q1 FY2026 was $15.3 million (ZAR 270.6 million), an increase of 61% in ZAR, meeting the guidance provided[8] - Adjusted earnings for Q1 FY2026 were $5.0 million (ZAR 87.3 million), reflecting a 150% increase in ZAR year-on-year[8] - The company's revenue for the three months ended September 30, 2025, was $171,448,000, an increase of 11.9% from $153,568,000 in the same period of 2024[23] - Group Adjusted EBITDA for the three months ended September 30, 2025, was $15,341,000, up from $9,363,000 in the same period of 2024, indicating a year-over-year increase of 63.5%[22] - The net revenue (non-GAAP) for the three months ended September 30, 2025, was $86,606,000, compared to $58,809,000 in the same period of 2024, reflecting a growth of 47.3%[23] Segment Performance - Merchant Segment revenue was $127.0 million (ZAR 2.2 billion), with net revenue of $44.4 million (ZAR 782.8 million), up 43% in ZAR[8] - Consumer Segment revenue increased to $30.6 million (ZAR 539.0 million), also up 43% in ZAR[8] - Enterprise Segment net revenue was $12.6 million (ZAR 221.6 million), marking a 19% increase in ZAR[8] Future Guidance - For Q2 FY2026, net revenue is expected to be between ZAR 1.575 billion and ZAR 1.725 billion[8] - Full FY2026 guidance includes net revenue between ZAR 6.4 billion and ZAR 6.9 billion, with Group Adjusted EBITDA between ZAR 1.25 billion and ZAR 1.45 billion[8] - Adjusted earnings per share for FY2026 is projected to be at least ZAR 4.60, indicating a year-on-year growth of greater than 100%[8] Loss and Expenses - Lesaka Technologies reported a GAAP net loss of $4,297,000 for the three months ended September 30, 2025, compared to a loss of $4,542,000 in the same period of 2024, representing a decrease of 5.4%[22] - The loss attributable to Lesaka for the year ended June 30, 2025, was $87,634,000, significantly higher than the loss of $17,440,000 for the year ended June 30, 2024[23] - The company reported a basic loss per share of $0.05 for the three months ended September 30, 2025, compared to a loss of $0.07 in the same period of 2024[24] - Lesaka's interest expense for the three months ended September 30, 2025, was $4,898,000, slightly down from $5,032,000 in the same period of 2024[26] - Headline loss per share for the three months ended September 30, 2025, was $0.05, unchanged from the previous year[34] Cash Flow and Assets - Cash flows from operating activities generated $8,923 in the latest quarter, a significant turnaround from a cash outflow of $4,137 in the prior year[28] - Total current assets decreased slightly to $240,544 as of September 30, 2025, from $243,923 as of June 30, 2025[30] - Finance loans receivable increased to $80,860, up from $74,110 in the previous quarter, indicating a 9.8% growth[30] - Inventory levels decreased to $18,957, down from $23,551 in the previous quarter, reflecting a 19.5% reduction[30] - Total liabilities decreased to $386,633 as of September 30, 2025, from $392,327 as of June 30, 2025, showing a 1.0% decline[30] - Cash, cash equivalents, and restricted cash at the end of the period totaled $72,284, down from $76,639 at the beginning of the period[28] Fair Value Adjustments - The company recognized a net gain of $59,828,000 on the change in fair value of equity securities for the year ended June 30, 2025[23] - The company reported a fair value adjustment related to financial liabilities of $(1) for the latest quarter, compared to a positive adjustment of $190 in the prior year[28] Share Information - The weighted average number of shares used to calculate net loss per share increased to 81,327, compared to 64,293 in the prior year, reflecting a 26.6% increase[34]