Core Insights - Lesaka Technologies, Inc. reported its Q3 2025 financial results, reaffirming its full-year guidance for FY2025 and providing projections for FY2026, indicating a positive outlook for revenue and net income growth [2][3]. Financial Performance - Revenue for Q3 2025 was $135.7 million (ZAR 2.5 billion), slightly down from $138.2 million (ZAR 2.6 billion) in Q3 2024 [4]. - Net Revenue, a non-GAAP measure, increased by 43% in ZAR to $73.4 million (ZAR 1.4 billion) compared to $50.3 million (ZAR 950.6 million) in Q3 2024 [4]. - Operating income decreased to $0.6 million (ZAR 10.9 million) from $0.8 million (ZAR 15.0 million) in Q3 2024, impacted by $2.3 million (ZAR 42.3 million) in one-off transaction costs [4]. - The net loss for Q3 2025 was $22.1 million (ZAR 404.3 million), compared to a net loss of $4.0 million (ZAR 76.4 million) in Q3 2024, largely due to a non-cash charge related to the fair value of Mobikwik [4]. - Group Adjusted EBITDA improved by 29% in ZAR to $12.8 million (ZAR 236.8 million) from $9.7 million (ZAR 183.3 million) in Q3 2024 [4]. Guidance and Outlook - For FY2025, the company expects revenue between ZAR 10.0 billion and ZAR 11.0 billion, with net revenue between ZAR 5.2 billion and ZAR 5.6 billion [5]. - For FY2026, revenue is projected to be between ZAR 11.4 billion and ZAR 12.2 billion, with net revenue between ZAR 6.4 billion and ZAR 6.9 billion [5]. - The company anticipates a 23% growth in Net Revenue and a 42% growth in Group Adjusted EBITDA year-on-year for FY2026 [2][3]. Segment Performance - Merchant Division Revenue decreased by 10% in ZAR to $103 million (ZAR 1.9 billion), while Net Revenue increased by 58% in ZAR to $42.3 million (ZAR 782.2 million) [4]. - Consumer Division Revenue and Net Revenue increased by 32% in ZAR to $24.1 million (ZAR 445.8 million), with Segment Adjusted EBITDA rising by 65% in ZAR to $6.3 million (ZAR 117.1 million) [4].