JOHANNESBURG, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the first quarter of fiscal 2026 (“Q1 2026”). Q1 2026 performance1:All growth rates are year-on-year between Q1 FY2026 and Q1 FY2025. Revenue of $171.5 million (ZAR 3.0 billion) up 10% in ZAR.Net Revenue2 of $86.6 million (ZAR 1.5 billion), up 45% in ZAR.Operating Income of $0.4 million (ZAR 6.7 million), improved from a loss of $0.1 million (ZAR 0.3 million).Net Loss of $4.3 million ...

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 - Previously provided FY2026 revenue guidance has been withdrawn in light of the restatement [12].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].