Lesaka(US:LSAK) Globenewswire·2025-09-29 20:10Core Insights - Lesaka Technologies, Inc. reported strong financial performance for FY2025, achieving profitability guidance and advancing strategic priorities, with expectations for continued momentum into FY2026 [5][8]. FY2025 Performance - Revenue for FY2025 reached $659.7 million (ZAR 12.0 billion), representing a 14% increase in ZAR year-on-year [7]. - Net Revenue, a non-GAAP measure, was $328.7 million (ZAR 5.3 billion), up 38% in ZAR [7]. - The company reported a net loss of $87.5 million (ZAR 1.6 billion), a significant increase of 386% in ZAR, primarily due to non-operating, non-cash charges [7]. - Group Adjusted EBITDA was $50.7 million (ZAR 922.2 million), reflecting a 33% increase in ZAR [7]. - Basic loss per share was $1.14 (ZAR 19.49), up 284% in ZAR [7]. - Adjusted earnings were $10.4 million (ZAR 186.2 million), up 263% in ZAR, with adjusted earnings per share of $0.13 (ZAR 2.29), up 187% in ZAR [7]. Q4 2025 Performance - For Q4 2025, revenue was $168.5 million (ZAR 3.1 billion), a 14% increase in ZAR [7]. - Net Revenue for Q4 was $82.0 million (ZAR 1.5 billion), up 47% in ZAR [7]. - The net loss for Q4 was $28.8 million (ZAR 515 million), an increase of 452% in ZAR [7]. - Group Adjusted EBITDA for Q4 was $16.7 million (ZAR 305.6 million), up 61% in ZAR [7]. Outlook for FY2026 - The company expects adjusted EBITDA growth of at least 35% for FY2026 and anticipates adjusted earnings per share to more than double to at least ZAR 4.60 from ZAR 2.29 in FY2025 [5][8]. - Revenue guidance for Q1 FY2026 is set at $659.7 million (ZAR 12.0 billion) and for FY2026, net revenue is projected between ZAR 6.4 billion and ZAR 6.9 billion [8][14]. Non-GAAP Measures - Lesaka utilizes non-GAAP measures such as Group Adjusted EBITDA, Net Revenue, and Adjusted earnings to provide a clearer picture of its financial performance, excluding certain charges and revenues [10][19]. - The company has not reconciled these non-GAAP measures to GAAP measures due to the unpredictability of certain items [9]. Business Model - Lesaka operates as a fintech company in South Africa, providing a range of financial services, including transaction processing, lending, and insurance, aimed at underserved consumers and merchants [22][23]. - The company’s integrated platform facilitates payments and enhances the digitization of commerce in its markets [22].