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 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].

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].