Every 10-K that Lesaka Tech (LSAK) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow LSAK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LSAK filings page.
Lesaka Technologies, Inc. (LSAK) reports on a year of integration and growth across its Merchant, Consumer and Enterprise fintech segments in Southern Africa, while addressing significant internal-control challenges. The company focuses on underserviced markets, offering payments, banking, lending, insurance and prepaid utilities in a single ecosystem.
As of June 30, 2026, Lesaka served approximately 132,000 merchants and 2.1 million active consumers, with strong growth in consumer cross-sell, lending and insurance, and expanding Enterprise bill-pay and prepaid electricity volumes. Net debt to Group Adjusted EBITDA improved from 2.9x to 1.9x, meeting a 2.0x deleveraging target.
Management advanced portfolio simplification, exiting loss-making and legacy businesses, and continued regulatory progress on the proposed Bank Zero acquisition, expected to reshape funding via customer deposits. However, multiple material weaknesses in internal control over financial reporting led to immaterial misstatements, restated prior quarters and ongoing remediation efforts, which may weigh on investor confidence.
Lesaka Technologies, Inc. files an amended annual report to add governance and executive compensation disclosures that were originally expected to come from its proxy statement. The amendment updates Part III only and leaves the prior financial and business disclosures unchanged.
The filing describes an 11‑member board with six independent directors and a committee structure covering audit, remuneration, nominating and governance, social and ethics, and capital allocation. It details leadership roles, including an Executive Chairman and a Lead Independent Director, and outlines the board’s approach to risk oversight.
Executive pay is heavily performance-based, combining salary, annual cash incentives and equity awards tied to share price and Group Adjusted EBITDA targets. In fiscal 2025, the CEO’s total compensation of $609,349 was about 64 times the estimated $9,601 median employee salary, while Group Adjusted EBITDA increased over the past three years despite a larger net loss driven by non‑recurring items.
Lesaka Technologies, Inc. reported full-year fiscal 2025 results showing revenue of $659.7 million, up from $564.2 million a year earlier, and a net loss attributable to Lesaka of $87.5 million for the year. The company held $76.5 million in cash and cash equivalents and reported total assets of $653.7 million against total liabilities of $392.3 million. Goodwill rose to $199.4 million and intangible assets to $139.2 million, while the company recorded an $18.9 million impairment and a $59.8 million charge for change in fair value of equity securities, both of which materially affected results. Management reclassified $11.8 million from long-term borrowings to the current portion. The company reports 83,673,097 shares outstanding (net of treasury) as of September 29, 2025 and disclosed aggregate market value of non-affiliate common stock of $288.5 million as of December 31, 2024.