Core Insights - Lesaka Technologies, Inc. reported its Q1 2026 financial results, showing significant growth in various metrics compared to Q1 2025 [1][2]. Financial Performance - Revenue reached $171.5 million (ZAR 3.0 billion), an increase of 10% in ZAR [8]. - Net Revenue was $86.6 million (ZAR 1.5 billion), up 45% in ZAR [8]. - Operating Income improved to $0.4 million (ZAR 6.7 million) from a loss of $0.1 million (ZAR 0.3 million) [8]. - Net Loss was $4.3 million (ZAR 75.9 million), a 6% improvement in ZAR [8]. - Group Adjusted EBITDA was $15.3 million (ZAR 270.6 million), up 61% in ZAR [8]. - Basic loss per share improved to $0.05 (ZAR 0.93), a 26% improvement in ZAR [8]. - Adjusted earnings were $5.0 million (ZAR 87.3 million), up 150% in ZAR [8]. - Adjusted earnings per share increased to $0.06 (ZAR 1.07), up 97% in ZAR [8]. 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 reached $30.6 million (ZAR 539.0 million), also up 43% in ZAR [8]. - Enterprise Segment Revenue was $14.9 million (ZAR 261.9 million), with Net Revenue of $12.6 million (ZAR 221.6 million), up 19% in ZAR [8]. Guidance and Outlook - For Q2 FY2026, the company expects Net Revenue between ZAR 1.575 billion and ZAR 1.725 billion [9]. - Full Fiscal Year 2026 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 [9]. - The company anticipates positive Net Income Attributable to Lesaka and Adjusted earnings per share of at least ZAR 4.60, implying a year-on-year growth of greater than 100% [9]. Company Overview - Lesaka Technologies operates as a South African fintech company, providing financial services and software to underserved consumers and merchants in Southern Africa [22][23]. - The company offers a multiproduct platform that includes transactional accounts, lending, insurance, and merchant acquiring services [22].

Core Viewpoint - Lesaka Technologies, Inc. reported strong preliminary unaudited results for Q4 2025 and FY2025, highlighting significant growth in net revenue and adjusted EBITDA, despite a notable increase in net loss due to non-operating charges and transaction costs [1][5][8]. FY2025 Performance - Net Revenue reached $328.7 million (ZAR 5.3 billion), reflecting a 38% increase in ZAR year-on-year [8]. - Group Adjusted EBITDA was $50.7 million (ZAR 922.2 million), up 33% in ZAR, meeting the company's guidance [8]. - The net loss for FY2025 was $87.5 million (ZAR 1.6 billion), a 386% increase in ZAR, primarily due to a non-operating, non-cash charge of $49.3 million (ZAR 897.6 million) related to the sale of MobiKwik [8]. Q4 2025 Performance - For Q4 2025, net revenue was $82.0 million (ZAR 1.5 billion), a 47% increase in ZAR compared to Q4 2024 [8]. - Group Adjusted EBITDA for Q4 2025 was $16.7 million (ZAR 305.6 million), up 61% in ZAR [8]. - The basic loss per share for Q4 2025 was $0.35 (ZAR 6.33), a 338% increase in ZAR [8]. 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][9]. - FY2026 guidance includes net revenue expectations between ZAR 6.4 billion and ZAR 6.9 billion, with Group Adjusted EBITDA projected between ZAR 1.25 billion and ZAR 1.45 billion [9]. Restatement of Financial Results - The company announced a restatement of interim fiscal 2025 financial results due to a re-evaluation of revenue classification, which is expected to increase reported revenue but will not impact operating income or net loss [11][12]. - Previously provided FY2026 revenue guidance has been withdrawn in light of the restatement [12]. Non-GAAP Measures - Lesaka utilizes non-GAAP measures such as Net Revenue, Group Adjusted EBITDA, and Adjusted earnings to provide a clearer picture of its financial performance, excluding certain charges and revenue classifications [18][19][20].