Lesaka Tech Stock Price, News & Analysis

Lesaka Technologies (NASDAQ:LSAK) has announced the release of four detailed investor presentations ahead of its upcoming Investor Day scheduled for March 31, 2025, at 9:00am EDT. The presentations, now available on the company's investor relations website, cover:

• Lesaka Overview - detailing strategic vision, market opportunities, and competitive positioning
• Consumer Division - highlighting solutions and strategies for serving consumers
• Merchant Division - outlining approaches for various merchant customers
• Enterprise Division - focusing on solutions for enterprises and their ecosystems

The Investor Day will feature a live presentation by management discussing vision, recent performance, and outlook, followed by a Q&A session with analysts and investors. An archived version will be available post-event.

Lesaka Technologies (Nasdaq: LSAK; JSE: LSK) has completed the acquisition of Recharger for ZAR 507 million ($27 million). The purchase structure includes:

• ZAR 332 million ($18 million) in cash
• ZAR 175 million ($9 million) in Lesaka common stock

The deal is being settled in two tranches: The first tranche at closing comprises ZAR 153 million ($8 million) cash and 1,092,361 Lesaka shares valued at ZAR 98 million ($5 million). The second tranche, due March 3, 2026, will include ZAR 175 million ($9 million) cash and shares worth ZAR 75 million ($4 million). Additionally, Lesaka provided a ZAR 43 million ($2 million) loan to Recharger to repay an existing seller loan. This strategic acquisition marks Lesaka's entry into South Africa's private utilities space and enhances its Enterprise Division's alternative payment offerings.

Lesaka Technologies (Nasdaq: LSAK; JSE: LSK) has announced an upcoming Investor Day scheduled for March 31, 2025, from 9:00 AM to 11:00 AM EDT. The event will feature presentations from senior leadership covering:

• Strategic vision and market positioning
• Go-to-market strategies across Consumer, Merchant and Enterprise divisions
• Financial performance and outlook
• Live Q&A session for analysts and investors

The event will be accessible both virtually and in-person at Lesaka's Rosebank head office, with times scheduled for multiple time zones: 2:00-4:00 PM BST (London) and 3:00-5:00 PM SAST (Johannesburg). Virtual attendees can submit questions during the Q&A session. All presentation materials will be available on Lesaka's Investor Relations website before and after the event. Registration deadline is March 25, 2025.

Lesaka Technologies (NASDAQ: LSAK) has released its Q2 2025 financial results, reporting revenue of $146.8 million, up from $143.9 million in Q2 2024. Net Revenue increased 42% to $77.1 million. The company reported an operating income of $0.8 million, down from $2.3 million in Q2 2024.

The company's net loss increased to $32.1 million, primarily due to a $26.6 million non-cash change in fair value of Mobikwik. Group Adjusted EBITDA improved 26% to $11.8 million, exceeding guidance. The Merchant Division saw a 5% decrease in Revenue but a 68% increase in Net Revenue, while the Consumer Division reported 31% growth in both Revenue and Net Revenue.

Lesaka reaffirmed its FY2025 guidance and provided FY2026 Group Adjusted EBITDA guidance of ZAR 1.25-1.45 billion. The company has successfully delivered on profitability guidance for ten consecutive quarters.

Lesaka Technologies (NASDAQ: LSAK; JSE: LSK) has announced it will release its second quarter 2025 financial results after the U.S. market close on February 5, 2025. The company will host a presentation webcast and conference call on February 6, 2025, at 8:00 a.m. EST (3:00 p.m. SAST) to discuss the results.

Participants can join via Zoom webcast with live Q&A functionality or through conference call dial-in options available for both U.S. and South African audiences. A replay of the presentation will be available on Lesaka's investor relations website after the event.

Lesaka Technologies (Nasdaq: LSAK) has announced a definitive agreement to acquire Recharger, a South African prepaid electricity submetering and payments business, for ZAR 507 million ($28 million). The purchase will be completed in two tranches, combining ZAR 332 million ($18 million) in cash and ZAR 175 million ($10 million) in Lesaka common stock. Additionally, Lesaka will contribute ZAR 43 million ($2 million) at closing for Recharger's loan repayment. The transaction, expected at a 6.0x EV/EBITDA multiple, aims to expand Lesaka's presence in South Africa's private utilities sector and enhance its Enterprise pillar's alternative payment offerings. The acquisition is anticipated to close in Lesaka's third quarter of fiscal 2025.

Lesaka Technologies (Nasdaq: LSAK) shareholders have approved the creation of an Employee Share Ownership Plan (ESOP), allocating 3% of issued shares (worth approximately R215 million) to the Lesaka ESOP Trust. The plan, excluding executives and senior leadership, offers equal benefits to all qualifying employees regardless of position or demographics. The ESOP features a seven-year vesting period with dividend rights and potential capital appreciation benefits. The trust is structured as evergreen, allowing future employee inclusion, and will contribute to the company's BBBEE rating, with 87% of employees from designated groups. Implementation begins January 31, 2025, requiring a minimum two-year service qualification by December 31, 2024.

Lesaka Technologies (Nasdaq: LSAK) reported Q1 2025 results with revenue of $145.5 million, meeting mid-point guidance. The company recorded an operating loss of $0.05 million, including $1.7 million in one-off Adumo acquisition costs. Net loss improved 23% to $4.5 million, while Group Adjusted EBITDA grew 12% to $9.4 million. Consumer Division revenue increased 30% to $21.1 million, while Merchant Division revenue remained flat at $125.3 million. The company reaffirmed its FY 2025 guidance, projecting revenue of ZAR 10-11 billion and Group Adjusted EBITDA of ZAR 900 million to 1 billion, implying 37% year-on-year growth.

Lesaka Technologies, Inc. (NasdaqGS: LSAK; JSE: LSK) has announced it will release its first quarter 2025 results after the U.S. market close on November 6, 2024. The company will host a presentation webcast and conference call on November 7, 2024, at 8:00 a.m. Eastern Time (3:00 p.m. South Africa Standard Time) to review these results.

Investors can access the webcast via Zoom using the provided link. Participants using the webcast will be able to ask questions live. For those preferring a conference call, toll-free dial-in numbers for the US and South Africa are provided. However, participants using the conference call dial-in will not be able to ask questions. A replay of the results presentation webcast will be available on Lesaka's investor relations website after the event.