Lesaka Tech Stock Price, News & Analysis

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.

Lesaka Technologies (Nasdaq: LSAK; JSE: LSK) has completed its acquisition of Adumo RF, South Africa's largest independent payments processor. The transaction, valued at ZAR 1.67 billion ($96.2 million), was settled through the issuance of 17,279,803 Lesaka shares and a cash payment of ZAR 232.2 million ($13.4 million).

This acquisition strengthens Lesaka's position as a leading fintech in Southern Africa, enhancing its consumer and merchant markets. The combined entity will serve 1.7 million active consumers, 120,000 merchants, and process over ZAR 270 billion in annual throughput. The Group will operate in 5 countries with over 3,300 employees.

Adumo CEO Paul Kent joins Lesaka's executive team, while Crossfin CEO Dean Sparrow joins the board as a non-executive director. Lesaka has also agreed to purchase 2,601,410 of its own shares for ZAR 207.2 million ($12.0 million) to provide liquidity to certain indirect Adumo shareholders.

Lesaka Technologies (Nasdaq: LSAK; JSE: LSK) reported its FY 2024 results, achieving profitability guidance and providing higher guidance for FY 2025. Key highlights include:

- Revenue increased 11% to $564.2 million (ZAR 10.6 billion)
- Operating income improved to $3.6 million from a loss of $15.3 million in FY 2023
- Net loss improved 48% to $17.4 million
- Group Adjusted EBITDA increased 55% to $36.9 million
- Net debt to Group Adjusted EBITDA ratio improved to 2.5x from 4.5x

For FY 2025, Lesaka expects revenue between ZAR 10.0-11.0 billion and Group Adjusted EBITDA between ZAR 900 million to ZAR 1 billion, representing over 30% growth. The outlook includes the impact of the Adumo acquisition and excludes unannounced M&A.

Lesaka Technologies, Inc. (LSAK) announced significant leadership changes to align with its growth targets and position as a leading fintech in Southern Africa. Key executive appointments include:

1. Naeem Kola, current Group CFO, will become Group COO from October 1, 2024.

2. Dan Smith will be appointed as Group CFO and join the Board.

Board changes include the resignations of Javed Hamid, Chris Meyer, and Monde Nkosi. Dean Sparrow, Group CEO of Crossfin Technology Holdings, will join as an independent non-executive director upon completion of the Adumo acquisition.

These changes aim to strengthen Lesaka's executive capability and drive strategic and operational synergies as the company scales and pursues its ambition to become Southern Africa's leading fintech platform.