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Profit swing as Lesaka (NASDAQ: LSAK) lifts 2026 EPS guidance

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8-K

Rhea-AI Filing Summary

Lesaka Technologies reported Q3 FY2026 results with profitability improving sharply and full-year Adjusted Earnings per Share guidance raised. Revenue was $183.1 million, roughly flat year-on-year, while Net Revenue rose to $96.4 million, up 16%. Group Adjusted EBITDA increased to $20.6 million, a 45% rise, and the company generated net income of $0.6 million versus a loss a year ago. Adjusted Earnings climbed to $9.1 million, with Adjusted EPS improving to $0.11 from $0.03, or ZAR 1.80 from ZAR 0.52. For FY2026, Lesaka now guides to Net Revenue between ZAR 6.2–6.5 billion, Group Adjusted EBITDA of ZAR 1.25–1.35 billion, positive Net Income attributable to Lesaka, and Adjusted EPS of ZAR 5.50–6.00, excluding the proposed Bank Zero acquisition and other potential deals.

Positive

  • Profitability inflection: Q3 FY2026 net income was $0.6 million versus a prior-year loss of $22.4 million, supported by a 45% increase in Group Adjusted EBITDA to $20.6 million.
  • Strong adjusted earnings growth: Adjusted Earnings rose to $9.1 million and Adjusted EPS to $0.11 (ZAR 1.80), up 247% year-on-year from $0.03 (ZAR 0.52).
  • Raised FY2026 guidance: Management now targets Net Revenue of ZAR 6.2–6.5 billion, Group Adjusted EBITDA of ZAR 1.25–1.35 billion, positive Net Income attributable to Lesaka, and Adjusted EPS of ZAR 5.50–6.00.

Negative

  • None.

Insights

Lesaka delivers a strong profitability swing and raises FY2026 adjusted EPS guidance.

Lesaka’s Q3 FY2026 shows a clear shift toward profitability. Net Revenue reached $96.4M, up 16% year-on-year, while Group Adjusted EBITDA rose 45% to $20.6M. The company moved from a prior-period loss to a modest net income of $0.6M.

Profitability metrics improved even more on an adjusted basis. Adjusted Earnings increased to $9.1M, and Adjusted EPS climbed to $0.11, up 247% from $0.03. Segment data show strong growth in Consumer and Enterprise EBITDA offsetting softer Merchant revenue trends.

Management raised full-year FY2026 guidance, now expecting Net Revenue of ZAR 6.2–6.5B, Group Adjusted EBITDA of ZAR 1.25–1.35B, positive Net Income attributable to Lesaka, and Adjusted EPS of ZAR 5.50–6.00. Guidance explicitly excludes the announced Bank Zero acquisition, so any closing would be incremental to these outlook figures.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Revenue $183.1M Q3 FY2026 revenue; YoY growth 0.2%
Net Revenue $96.4M Q3 FY2026 Net Revenue; up 16% year-on-year
Group Adjusted EBITDA $20.6M Q3 FY2026; 45% year-on-year increase
Net income $0.6M Q3 FY2026 net income versus $22.4M loss in Q3 FY2025
Adjusted Earnings $9.1M Q3 FY2026 Adjusted Earnings versus $2.5M in Q3 FY2025
Adjusted EPS $0.11 Q3 FY2026 Adjusted EPS; up from $0.03 (247% growth)
FY2026 Net Revenue guidance ZAR 6.2–6.5B Full-year 2026 Net Revenue outlook in rand
FY2026 Group Adjusted EBITDA guidance ZAR 1.25–1.35B Full-year 2026 Group Adjusted EBITDA outlook
Group Adjusted EBITDA financial
"We achieved Group Adjusted EBITDA growth of 45% and an Adjusted Earnings per Share of ZAR 1.80"
Group adjusted EBITDA is a company’s consolidated measure of operating profit that strips out interest, taxes, depreciation and amortization and also removes one‑time or unusual items to show recurring core earnings across the whole corporate group. Investors use it like a simplified engine check — it highlights underlying cash‑generating performance and comparability between periods or peers, but it is not a standardized accounting figure so the exact adjustments can vary.
Net Revenue financial
"For FY2026, the year ending June 30, 2026, we expect • Net Revenue between ZAR 6.2 billion and ZAR 6.5 billion."
Net revenue is the total amount of money a company earns from selling its products or services after subtracting any returns, discounts, or refunds. It shows how much actual income the company keeps from its sales. This figure is important because it reveals the true earnings from business activities, helping people understand how well the company is doing.
Adjusted earnings per share financial
"Adjusted earnings per share between ZAR 5.50 and ZAR 6.00."
Adjusted Earnings Per Share shows how much profit a company makes for each share of stock, but it removes unusual or one-time items like big expenses or gains. This helps investors see the company's true ongoing performance, making it easier to compare how well different companies are doing over time.
Non-GAAP measures regulatory
"U.S. securities laws require that when we publish any non-GAAP measures, we disclose the reason for using these non-GAAP measures"
Financial results that companies present using formulas or adjustments different from standard accounting rules (GAAP) to highlight what management considers the business’s ongoing performance. Investors care because these figures can make trends or profitability look clearer—like showing a car’s fuel efficiency after removing unusual trips—but they can also hide one‑time costs or aggressive assumptions, so comparing them with GAAP numbers helps judge reliability.
headline earnings (loss) per share financial
"The inclusion of HE(L)PS in this press release is a requirement of our listing on the JSE."
Headline earnings (loss) per share shows the profit or loss for each share after removing one‑off or unusual items (such as large asset sales, write‑downs or restructuring costs) so that underlying, repeatable business performance is clearer. Investors use it like checking a car’s fuel efficiency without one‑time repair costs: it offers a cleaner basis for comparing companies and periods, and can influence valuations, dividend expectations and buy/sell decisions.
equity-accounted investments financial
"loss on impairment/disposal of equity-accounted investments, impairment loss, loss from equity-accounted investments"
Revenue $183.1M +0.2% YoY
Net Revenue $96.4M +16% YoY
Group Adjusted EBITDA $20.6M +45% YoY
Net income $0.6M from $(22.4)M loss YoY
Adjusted EPS $0.11 +247% YoY (from $0.03)
Guidance

For FY2026, Lesaka expects Net Revenue of ZAR 6.2–6.5B, Group Adjusted EBITDA of ZAR 1.25–1.35B, positive Net Income attributable to Lesaka, and Adjusted EPS of ZAR 5.50–6.00, excluding the announced Bank Zero acquisition and any unannounced M&A.

Understanding 8-K Material Events →
false 2026-05-06 0001041514 Lesaka Technologies, Inc. 0001041514 2026-05-06 2026-05-06

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 6, 2026

LESAKA TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)

Florida 000-31203 98-0171860
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)

President Place, 4th Floor, Cnr.
Jan Smuts Avenue and Bolton Road
 Rosebank, Johannesburg, South Africa
(Address of principal executive offices) (ZIP Code)

Registrant’s telephone number, including area code: 011-27-11-343-2000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class   Trading Symbols   Name of each exchange on which registered
Common Shares   LSAK   NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

The following information is furnished pursuant to Item 2.02, "Results of Operations and Financial Condition".

On May 6, 2026, Lesaka Technologies, Inc., a Florida corporation (the "Company"), issued a press release setting forth its financial results for the third quarter ended March 31, 2026.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibits Description
99.1 Press Release, dated May 6, 2026, issued by Lesaka Technologies, Inc.
104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  LESAKA TECHNOLOGIES, INC.
     
Date: May 6, 2026 By: /s/ Dan Smith
  Name:  Dan Smith
  Title: Group Chief Financial Officer

Exhibit 99.1

Lesaka's Q3 FY2026 Results: Lesaka achieves the upper end of profitability guidance and raises its FY2026 full year Adjusted Earnings per Share guidance

JOHANNESBURG, May 6, 2026 - Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the third quarter of fiscal 2026 ("Q3 2026").

Q3 2026 performance1:

All growth rates are year-on-year between Q3 FY2026 and Q3 FY2025 in ZAR.

Group Level   USD 
(In thousands, except per
share data)		     ZAR 
(In thousands, except per
share data)		        
    Q3 FY26     Q3 FY25     Q3 FY26     Q3 FY25     YoY%  
Revenue   183,051     161,450     2,994,536     2,987,226     0.2%  
Net Revenue(2)   96,368     73,367     1,576,015     1,357,159     16%  
Operating Income(3)   4,085     366     65,013     7,188     804%  
Net Income (Loss)(3)   552     (22,353 )   8,383     (409,790 )   nm  
Group Adjusted EBITDA(2)(3)   20,612     12,594     337,071     233,026     45%  
Basic Earnings (Loss) per Share(3)   0.01     (0.28 )   0.17     (5.15 )   nm  
Adjusted Earnings(2)(3)   9,077     2,515     148,349     42,917     246%  
Adjusted Earnings per Share(2)(3)   0.11     0.03     1.80     0.52     247%  
                               
Segment Level   USD
(In thousands)		     ZAR
(In thousands)		        
    Q3 FY26     Q3 FY25     Q3 FY26     Q3 FY25     YoY%  
Merchant                              
Revenue   127,078     128,781     2,079,232     2,382,982     (13%)  
Net Revenue(2)   45,926     42,279     751,280     782,191     (4%)  
Segment Adjusted EBITDA(3)   9,228     7,900     151,116     146,121     3%  
Consumer                              
Revenue   38,323     24,096     626,514     445,845     41%  
Segment Adjusted EBITDA   13,015     6,333     212,537     117,144     81%  
Enterprise                              
Revenue   18,978     9,444     310,481     174,565     78%  
Net Revenue(2)   13,447     7,863     219,912     145,289     51%  
Segment Adjusted EBITDA   2,125     133     35,047     2,384     1,370%  

(1) Average exchange rates applicable for the purpose of translating our results of operations: ZAR 16.77 to $1 for Q3 2026, ZAR 18.40 to $1 for Q3 2025.

(2) Non-GAAP measure. Refer to Attachment A of press release for full reconciliation of non-GAAP measures.

(3) Revised Q3 FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.

Commenting on the results, Lesaka Chairman Ali Mazanderani said, "I am pleased to report another strong quarter for Lesaka as we continue to improve our profitability. We achieved Group Adjusted EBITDA growth of 45% and an Adjusted Earnings per Share of ZAR 1.80, up more than 200% year-on-year. We have built a diversified platform, with multiple levers of sustainable growth that positions us exceptionally well for the years to come."

Outlook: Full Fiscal Year 2026 ("FY 2026") guidance

While we report our financial results in USD, we measure our operating performance in ZAR, and as such we provide our guidance accordingly.

For FY2026, the year ending June 30, 2026, we expect:

  • Net Revenue between ZAR 6.2 billion and ZAR 6.5 billion.
  • Group Adjusted EBITDA between ZAR 1.25 billion and ZAR 1.35 billion.
  • Net Income Attributable to Lesaka to be positive.
  • Adjusted earnings per share between ZAR 5.50 and ZAR 6.00.

Our FY2026 guidance excludes the impact of the announced acquisition of Bank Zero (which is subject to regulatory approvals and other customary closing conditions) and any unannounced mergers and acquisitions that we may conclude.

Management has provided its outlook regarding Net Revenue, Group Adjusted EBITDA and Adjusted earnings per share, which are non-GAAP financial measures and excludes certain revenue and charges. Management has not reconciled these non-GAAP financial measures to the corresponding GAAP financial measures because guidance for the various reconciling items is not provided. Management is unable to provide guidance for these reconciling items because they cannot determine their probable significance, as certain items are outside of the control of Lesaka and cannot be reasonably predicted since these items could vary significantly from period to period. Accordingly, reconciliations to the corresponding GAAP financial measures are not available without unreasonable effort.

Earnings Presentation for Q3 FY2026 Results

Our earnings presentation will be posted to the Investor Relations page of our website prior to our earnings call.

Webcast Registration

Link to access the results webcast: https://www.corpcam.com/Lesaka07052026

Participants using the webcast will be able to submit questions during the live Question and Answer session. Link to conference call dial-in registration via Chorus Call: https://services.choruscall.it/DiamondPassRegistration/register?confirmationNumber=1737086&linkSecurityString=515af47c8

Dial in details and individual pin to be provided on registration. Participants using the conference call dial-in will be able to ask their questions during the live Question and Answer session

Following the presentation, an archived version of the webcast will be provided on Lesaka's Investor Relations website.

Use of Non-GAAP Measures

U.S. securities laws require that when we publish any non-GAAP measures, we disclose the reason for using these non-GAAP measures and provide reconciliations to the most directly comparable GAAP measures. The presentation of Group Adjusted EBITDA, Net Revenue, Adjusted Earnings, Adjusted Earnings per Share, and headline (loss) earnings per share are non-GAAP measures. Refer to Attachment A for a reconciliation of these non-GAAP measures.

Non-GAAP Measures

Group Adjusted EBITDA

Group Adjusted EBITDA is net income (loss) before interest, taxes, depreciation and amortization, adjusted for non-operational transactions (including loss on impairment/disposal of equity-accounted investments), impairment loss, loss from equity-accounted investments, stock-based compensation charges and once-off items. Once-off items represent non-recurring expense items, including costs related to acquisitions and transactions consummated or ultimately not pursued.

Net Revenue

Net revenue is a non-GAAP financial measure. Revenue is the financial measure calculated in accordance with GAAP that is most directly comparable to net revenue. We generate revenue from the provision of transaction-processing services through our various platforms and service offerings. We use these platforms to (a) sell prepaid airtime vouchers ("Pinned Airtime")  which was held as inventory, and (b) distribute pre-paid solutions including prepaid airtime vouchers (which we do not hold as inventory) ("Pinless Airtime"), prepaid electricity, gaming vouchers, and other products, to users of our platforms. We act as a principal when we sell Pinned Airtime that were held as inventory and record revenue and cost of sales on a gross basis when sold. We act as an agent in a transaction when we provide pre-paid solutions through our various platforms and services offerings because we do not control the good or service to be provided and we recognize revenue based on the amount that we are contractually entitled to receive for performing the distribution service on behalf of our customers using our platform. Our revenue under GAAP can fluctuate materially due to changes in the revenue mix between these revenue categories. Net Revenue is a non-GAAP measure and is calculated as revenue presented under GAAP less (i) the cost of Pinned Airtime sold by us, and (ii) commissions paid to third parties selling all other agency-based pre-paid solutions (including Pinless Airtime, electricity and other products) provided through our distribution channels. We believe that the use of Net Revenue is meaningful to users of financial information because it seeks to eliminate the impact of the change in the revenue mix from the revenue categories over the periods presented.

Adjusted earnings and Adjusted earnings per share

Adjusted earnings and Adjusted earnings per share is GAAP net income (loss) and income (loss) per share adjusted for the amortization of acquisition-related intangible assets (net of deferred taxes), stock-based compensation charges, and unusual non-recurring items, including costs related to acquisitions and transactions consummated or ultimately not pursued.

Adjusted earnings and Adjusted earnings per share for fiscal 2026 also includes adjustments related to the loss on impairment of equity-accounted investments, impairment loss, ATM exit expenses and impairments, reversal of allowance for doubtful loans receivable, Lesaka rebrand refresh expenses (net of tax), income recognized related to closure of legacy businesses (net of tax), changes in the fair value of equity securities (net of deferred tax), loss on disposal of equity securities, other income and intangible asset amortization, net related to non-controlling interests.

Adjusted earnings and Adjusted earnings per share for fiscal 2025 also includes adjustments related to changes in the fair value of equity securities (net of deferred tax), loss on disposal of equity-accounted investments and intangible asset amortization, net related to non-controlling interests.

Management believes that the Group Adjusted EBITDA, Adjusted earnings and Adjusted earnings per share metrics enhance its own evaluation, as well as an investor's understanding of our financial performance. Attachment A presents the reconciliation between GAAP net income (loss) attributable to Lesaka and these non-GAAP measures and the reconciliation between the basic weighted-average common shares outstanding and unvested restricted shares expected to vest under GAAP and the denominator used for Adjusted earnings per share.

Headline earnings (loss) per share ("HE(L)PS")

The inclusion of HE(L)PS in this press release is a requirement of our listing on the JSE. HE(L)PS basic and diluted is calculated using net income (loss) which has been determined based on GAAP. Accordingly, this may differ to the headline (loss) earnings per share calculation of other companies listed on the JSE as these companies may report their financial results under a different financial reporting framework, including, but not limited to, International Financial Reporting Standards.

HE(L)PS basic and diluted is calculated as GAAP net income (loss) adjusted for the loss on sale of equity-accounted investments, impairment losses related to our equity-accounted investments, change in fair value of equity securities, net, impairment losses and (profit) loss on sale of property, plant and equipment. Attachment C presents the reconciliation between our net income (loss) used to calculate earnings (loss) per share basic and diluted and HE(L)PS basic and diluted and the calculation of the denominator for headline diluted earnings (loss) per share.

About Lesaka Technologies, Inc. (www.lesakatech.com)

Lesaka operates a South African fintech company driven by a purpose to provide financial services, software and other business services to Southern Africa's underserviced consumers and merchants. We offer an integrated and holistic multiproduct platform that provides transactional accounts, lending, insurance, merchant acquiring, cash management, software and Alternative Digital Products ("ADP"). We provide targeted solutions and integrations to facilitate payments between consumers, merchants, and enterprises. By providing a full-service fintech platform in our connected ecosystem, we facilitate the digitization of commerce in our markets.

Lesaka has a primary listing on NASDAQ (NASDAQ:LSAK) and a secondary listing on the Johannesburg Stock Exchange (JSE: LSK). Visit www.lesakatech.com for additional information about Lesaka.

Forward-Looking Statements

This press release contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended. Such statements may be identified by their use of terms or phrases such as "expects," "estimates," "projects," "believes," "anticipates," "plans," "could," "would," "may," "will," "intends," "outlook," "focus," "seek," "potential," "mission," "continue," "goal," "target," "objective," derivations thereof, and similar terms and phrases. Forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, which could cause future events and actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. In this press release, statements relating to future financial results and future financing and business opportunities are forward-looking statements. Additional information concerning factors that could cause actual events or results to differ materially from those in any forward-looking statement is contained in our Form 10-K for the fiscal year ended June 30, 2025 and our Form 10-Q for the quarter ended March 31, 2026, as filed with the SEC, as well as other documents we have filed or will file with the SEC. We assume no obligation to update the information in this press release, to revise any forward-looking statements or to update the reasons actual results could differ materially from those anticipated in forward-looking statements.

Investor Relations and Media Relations Contacts:

Idris Dungarwalla

Email: idris.dungarwalla@lesakatech.com

Mobile: +44 786 225 4852

Akash Dowra

Email: akash.dowra@lesakatech.com

Mobile: +27 83 235 9750

Media Relations Contact:

Ian Harrison
Email: Ian@thenielsennetwork.com

Lesaka Technologies, Inc.

Attachment A

Reconciliation of GAAP income (loss) attributable to Lesaka to Group Adjusted EBITDA:

Three and nine months ended March 31, 2026 and 2025 and three months ended December 31, 2025

      Three months ended     Nine months ended
      March 31,     Dec 31,     March 31,
      2026     2025     2025     2026     2025
Income (Loss) attributable to Lesaka - GAAP(A)   $ 552     $ (22,353 )   $ 3,645     $ (461 )   $ (59,659 )
(Add) Less net (loss) income attributable to non-controlling interest     115       (20 )     14       246       (48 )
Net income (loss)     437       (22,333 )     3,631       (707 )     (59,611 )
Earnings from equity accounted investments     (56 )     (12 )     (110 )     (166 )     (89 )
Net income (loss) before earnings from equity-accounted investments     381       (22,345 )     3,521       (873 )     (59,700 )
Income tax expense (benefit)     1,503       (2,934 )     670       2,027       (9,268 )
Income (Loss) before income tax expense     1,884       (25,279 )     4,191       1,154       (68,968 )
Loss on disposal of equity securities     -       -       730       730       -  
Other income     -       -       (3,883 )     (3,883 )     -  
Change in fair value of equity securities     378       20,421       (2,971 )     (2,593 )     54,152  
Net loss on impairment/ disposal of equity-accounted investment     -       -       -       584       161  
Reversal of allowance for doubtful loans receivable     (1,500 )     -       -       (1,500 )     -  
Impairment loss (1)     1,916       -       -       1,916       -  
Unrealized loss (gain) FV for currency adjustments     181       (114 )     (133 )     (16 )     102  
Operating income (loss) after PPA amortization and net interest (non-GAAP)     2,859       (4,972 )     (2,066 )     (3,608 )     (14,553 )
PPA amortization (amortization of acquired intangible assets)      6,044       4,974       9,481       24,659       13,588  
Operating income (loss) before PPA amortization after net interest (non-GAAP)     8,903       2       7,415       21,051       (965 )
Interest expense (A)     4,477       5,869       4,591       14,081       17,251  
Interest income     (1,154 )     (645 )     (508 )     (2,201 )     (1,952 )
Operating income before PPA amortization and net interest (non-GAAP)     12,226       5,226       11,498       32,931       14,334  
Depreciation and amortization (excluding amortization of intangibles)     4,499       3,455       4,087       12,346       9,340  
Interest adjustment     -       (890 )     -       -       (2,478 )
Stock-based compensation charges     1,334       2,497       1,945       5,140       7,518  
Once-off items (refer below)     2,553       2,306       247       3,067       4,599  
Group Adjusted EBITDA - Non-GAAP(A)   $ 20,612     $ 12,594     $ 17,777     $ 53,484     $ 33,313  

(A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.

(1) Impairments excludes an amount of $0.7 million which is included in the caption exit of ATM business in the table below.

    Three months ended     Nine months ended
    March 31,     Dec 31,     March 31,
    2026     2025     2025     2026     2025
Once-off items comprises:                                      
Transaction costs $ 466     $ 1,084     $ 200     $ 839     $ 1,621  
Transaction costs related to Adumo, Recharger and Bank Zero acquisitions   144       1,222       47       285       3,174  
Lesaka brand refresh   984       -       -       984       -  
Exit of ATM business   1,599       -       -       1,599       -  
Indirect taxes provision release   (61 )     -       -       (61 )     (196 )
Income recognized related to closure of legacy businesses   (579 )     -       -       (579 )     -  
Total once-off items $ 2,553     $ 2,306     $ 247     $ 3,067     $ 4,599  

Once-off items are non-recurring in nature, however, certain items may be reported in multiple quarters. For instance, transaction costs include costs incurred related to acquisitions and transactions consummated or ultimately not pursued. The transactions can span multiple quarters, for instance in fiscal 2025 we incurred transaction costs related to the acquisition of Recharger over a number of quarters, and the transactions are generally non-recurring.

Exit of ATM business includes expenses incurred to exit our ATM business and the impairment of ATMs recorded in property, plant and equipment.

Rebrand relates to costs incurred related to Lesaka's new brand launched in November 2025, we expect that it will take the remainder of the 2026 calendar year to roll out the refreshed brand throughout the organization. These are non-recurring costs incurred as a necessary step in a set of strategic initiatives designed to create a "One Lesaka" identity for our customers and our employees.

Indirect tax provision release relates to the reversal of a non-recurring indirect tax provision created in fiscal 2023 which was resolved in fiscal 2025 following settlement of the matter with the tax authority.

Income recognized related to closure of legacy businesses represents (i) gains recognized related to the release of the foreign currency translation reserve on deconsolidation of a subsidiary and (ii) costs incurred related to subsidiaries which we are in the process of deregistering/ liquidation and therefore we consider these costs non-operational and ad hoc in nature.

Year ended June 30, 2025 and 2024

    Year ended
    June 30,
    2025     2024
  (in thousands)  
Net loss attributable to Lesaka (A) $ (88,741 )   $ (18,515 )
(Less) Add net (loss) income attributable to non-controlling interest   (130 )     -  
Loss attributable to Lesaka - GAAP $ (88,871 )   $ (18,515 )
(Earnings) Loss from equity accounted investments   (114 )     1,279  
Net loss before (earnings) loss from equity-accounted investments   (88,985 )     (17,236 )
Income tax (benefit) expense   (18,198 )     3,363  
Loss before income tax expense   (107,183 )     (13,873 )
Reversal of allowance for doubtful EMI loans receivable   -       (250 )
Net (gain) loss on disposal of equity-accounted investment   161       -  
Change in fair value of equity securities   59,828       -  
Impairment loss   18,863       -  
Unrealized (gain) loss FV for currency adjustments   23       (83 )
Operating loss after PPA amortization and net interest (non-GAAP)   (28,308 )     (14,206 )
PPA amortization (amortization of acquired intangible assets)    21,384       14,419  
Operating (loss) income before PPA amortization after net interest (non-GAAP)   (6,924 )     213  
Interest expense (A)   21,824       19,171  
Interest income   (2,596 )     (2,294 )
Operating (loss) income before PPA amortization and net interest (non-GAAP)   12,304       17,090  
Depreciation (excluding amortization of intangibles)   12,337       9,246  
Stock-based compensation charges   9,550       7,911  
Interest adjustment   (2,195 )     -  
Once-off items (refer below)   17,826       1,853  
Group Adjusted EBITDA - Non-GAAP(A) $ 49,822     $ 36,100  

(A) Revised to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.

Reconciliation of Revenue under GAAP to Net Revenue:

Three and nine months ended March 31, 2026 and 2025, and three months ended December 31, 2025

  Three months ended   Nine months ended  
  March 31,   Dec 31,   March 31,  
  2026   2025   2025   2026   2025
Revenue - GAAP $ 183,051     $ 161,450     $ 178,734     $ 533,233     $ 491,234  
Cost of prepaid airtime vouchers sold by us & commissions paid to third parties selling all other agency-based products   (86,683 )     (88,083 )     (85,331 )     (256,856 )     (281,998 )
Net Revenue (non-GAAP) $ 96,368     $ 73,367     $ 93,403     $ 276,377     $ 209,236  
Net Revenue / Revenue - GAAP   53%       45%       52%       52%       43%  
                                       
Merchant segment revenue (before eliminations) - GAAP $ 127,078     $ 128,781     $ 131,919     $ 385,947     $ 397,642  
Cost of prepaid airtime vouchers sold by us & commissions paid to third parties selling all other agency-based products   (81,152 )     (86,502 )     (83,205 )     (246,913 )     (277,192 )
Merchant Net Revenue (non-GAAP) $ 45,926     $ 42,279     $ 48,714     $ 139,034     $ 120,450  
                                       
Enterprise segment revenue (before eliminations) - GAAP $ 18,978     $ 9,444     $ 14,796     $ 48,627     $ 30,259  
Cost of prepaid airtime vouchers sold by us & commissions paid to third parties selling all other agency-based products   (5,531 )     (1,581 )     (2,126 )     (9,943 )     (4,806 )
Enterprise Net Revenue (non-GAAP) $ 13,447     $ 7,863     $ 12,670     $ 38,684     $ 25,453  

Reconciliation of GAAP net income (loss) and earnings (loss) per share, basic, to adjusted earnings and adjusted earnings per share, basic:

Three months ended March 31, 2026 and 2025

  Net income (loss)
(USD '000)		   E(L)PS, basic
(USD)		   Net income (loss)
(ZAR '000)		   E(L)PS, basic
(ZAR)
  2026   2025   2026   2025   2026   2025   2026     2025  
GAAP(A)   552       (22,353)       0.01       (0.28 )     8,383       (409,790 )     0.17       (5.15)  
                                                               
Change in fair value of equity securities, net   378       16,971                       6,043       310,636                  
Intangible asset amortization, net   4,412       3,631                       72,110       63,495                  
Stock-based compensation charge   1,334       2,497                       21,798       46,222                  
Transaction costs   610       2,306                       10,150       42,276                  
ATM exit expenses and impairments   1,599       -                       26,792       -                  
Amortization of intangible assets, net of tax - equity accounted investments   (94 )     (82 )                     (1,574 )     (1,503 )                
Release of valuation allowance related to deferred tax asset in EasyPay Financial Services   -       (455 )                     -       (8,419 )                
Income recognized related to closure of legacy businesses, net   (848 )     -                       (14,208 )     -                  
Reversal of allowance for doubtful loans receivable   (1,500 )     -                       (25,132 )     -                  
Lesaka rebrand refresh, net of tax   718       -                       11,885       -                  
Impairment loss (1)   1,916       -                       32,102       -                  
Adjusted(A)   9,077       2,515       0.11       0.03       148,349       42,917       1.80       0.52  

(A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.

    (1) Impairments excludes an amount of $0.7 million which is included in the caption ATM exit expenses and impairments.

Nine months ended March 31, 2026 and 2025

  Net (loss) income 
(USD '000)		   (L)EPS, basic
(USD)		   Net (loss) income 
(ZAR '000)		   (L)EPS, basic
(ZAR)
  2026   2025   2026   2025   2026   2025   2026   2025
GAAP (A)   (461 )     (59,659 )     (0.01 )     (0.82 )     (13,057 )     (1,085,800 )     (0.17 )     (14.79 )
                                                               
Change in fair value of equity securities, net   (2,593 )     43,618                       (43,957 )     796,257                  
Stock-based compensation charge   5,140       7,518                       87,819       136,313                  
Intangible asset amortization, net   18,001       9,919                       308,153       176,163                  
Transaction costs   1,124       4,795                       19,194       86,434                  
Other   (3,883 )     (196 )                     (65,353 )     (3,508 )                
Net loss on impairment/disposal of equity-accounted investment   584       161                       10,342       2,886                  
Intangible asset amortization, net related to non-controlling interest   (367 )     (166 )                     (6,296 )     (3,006 )                
Release of valuation allowance related to deferred tax asset in EasyPay Financial Services   -       (924 )                     -       (16,682 )                
ATM exit expenses and impairments   1,599       -                       26,792       -                  
Income recognized related to closure of legacy businesses, net   (848 )     -                       (14,208 )     -                  
Reversal of allowance for doubtful loans receivable   (1,500 )     -                       (25,132 )     -                  
Loss on disposal of equity securities   730       -                       12,286       -                  
Lesaka rebrand refresh, net of tax   718       -                       11,885       -                  
Impairment loss (1)   1,916       -                       32,102       -                  
Adjusted(A)   20,160       5,066       0.25       0.07       340,570       89,057       4.15       1.21  

(A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.

(1) Impairments excludes an amount of $0.7 million which is included in the caption ATM exit expenses and impairments.

Calculation of the denominator for Adjusted earnings per share

  Three months ended
March 31, 		  Nine months ended
March 31,
  2026   2025   2026   2025
    ('000)       ('000)  
Basic weighted-average common shares outstanding and unvested restricted shares expected to vest under GAAP   81,845       81,282       81,464       72,333  
In the money stock options   643       725       643       725  
Acquisition related shares   -       813       -       813  
Weighted average number of shares used to calculate Adjusted earnings per share   82,488       82,820       82,107       73,871  

Weighted average number of shares used to calculate Adjusted earnings per share represents basic weighted-average common shares outstanding and unvested restricted shares expected to vest plus the effect of stock options that are in the money at the reporting date and shares to be issued related to acquisitions.

Attachment B

Unaudited Condensed Consolidated Financial Statements

Our unaudited condensed consolidated Statements of Operations for the three and nine months ended March 31, 2026 and 2025 in ZAR are presented below. We have translated the results of operations information for the three and nine months ended March 31, 2026 and 2025, provided in the tables below using the actual average exchange rates per month between the USD and ZAR.

Unaudited Condensed Consolidated Statements of Operations
    Three months ended   Nine months ended
    March 31,   March 31,
    2026   2025   2026   2025
    (In thousands)     (In thousands)  
                                 
REVENUE   R 2,994,536     R 2,987,226     R 9,076,273     R 8,899,861  
                                 
EXPENSE                                
                                 
Cost of goods sold, IT processing, servicing and support (A)     2,027,838       2,167,948       6,219,138       6,649,460  
Selling, general and administration (A)     642,142       602,675       1,913,704       1,661,228  
Allowance for credit losses     40,953       31,135       158,310       103,669  
Depreciation and amortization     172,553       155,919       632,092       415,665  
Impairment loss     43,636       -       43,636       -  
Transaction costs related to Adumo, Recharger and Bank Zero acquisitions and certain compensation costs     2,401       22,361       4,968       56,809  
                                 
OPERATING INCOME     65,013       7,188       104,425       13,030  
CHANGE IN FAIR VALUE OF EQUITY SECURITIES     (6,043 )     (373,784 )     43,957       (988,494 )
OTHER INCOME     -       -       65,353       -  
LOSS ON IMPAIRMENT/DISPOSAL OF EQUITY-ACCOUNTED INVESTMENT     -       -       10,342       2,886  
LOSS ON DISPOSAL OF EQUITY SECURITIES     -       -       12,286       -  
REVERSAL OF ALLOWANCE FOR DOUBTFUL LOAN RECEIVABLE     (25,132 )     -       (25,132 )     -  
INTEREST INCOME     19,086       11,944       37,278       35,347  
INTEREST EXPENSE(A)     73,288       108,639       240,274       312,720  
                                 
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT)     29,900       (463,291 )     13,243       (1,255,723 )
                                 
INCOME TAX EXPENSE (BENEFIT)     24,310       (53,650 )     33,244       (169,202 )
                                 
NET INCOME (LOSS) BEFORE EARNINGS FROM EQUITY-ACCOUNTED INVESTMENTS     5,590       (409,641 )     (20,001 )     (1,086,521 )
                                 
EARNINGS FROM EQUITY-ACCOUNTED INVESTMENTS     938       220       2,789       1,586  
NET INCOME (LOSS)     6,528       (409,421 )     (17,212 )     (1,084,935 )
                                 
(ADD) LESS NET (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST     (1,855 )     369       (4,155 )     865  
NET INCOME (LOSS) ATTRIBUTABLE TO LESAKA   R 8,383     R (409,790 )   R (13,057 )   R (1,085,800 )
                                 
Net earnings (loss) per share, in South African Rands:                                
Basic earnings (loss) attributable to Lesaka shareholders   R 0.17     R (5.15 )   R (0.17 )   R (14.79 )
Diluted earnings (loss) attributable to Lesaka shareholders   R 0.17     R (5.15 )   R (0.17 )   R (14.79 )
                                 
Exchange rate $1: ZAR     16.7685       18.4021       17.1282       18.0393  

(A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.

Our unaudited condensed consolidated Statements of Cash Flows for the three and nine months ended March 31, 2026 and 2025 in ZAR are presented below. We have translated the cash flow information for the three and nine months ended March 31, 2026 and 2025, provided in the tables below using the actual average exchange rates per month between the USD and ZAR.

Unaudited Condensed Consolidated Statements of Cash Flows
  Three months ended   Nine months ended
  March 31,   March 31,
  2026   2025   2026   2025
  (In thousands)     (In thousands)  
Cash flows from operating activities                              
Net income (loss) (A) R 6,528     R (409,421 )   R (17,212 )   R (1,084,936 )
Depreciation and amortization   172,553       155,919       632,092       415,665  
Impairment loss   43,636       -       43,629       -  
Movement in allowance for doubtful accounts receivable   40,953       31,135       158,310       103,669  
Fair value adjustment related to financial liabilities   (3,275 )     1,940       (2,784 )     (2,808 )
Loss on disposal of equity securities   -       -       12,286       -  
Loss on impairment/disposal of equity-accounted investments   -       -       10,342       2,886  
Earnings from equity-accounted investments   (938 )     (220 )     (2,790 )     (1,586 )
Reversal of allowance for doubtful loans receivable   (25,132 )     -       (25,132 )     -  
Gain on deconsolidation of subsidiary   (14,208 )     -       (14,208 )     -  
Change in fair value of equity securities   6,043       373,784       (43,957 )     988,494  
Other income   -       -       (65,353 )     -  
Profit on disposal of property, plant and equipment   (3,040 )     (220 )     (4,037 )     (959 )
Movement in interest payable   (462 )     53,378       (1,062 )     117,328  
Facility fee amortized   1,504       1,533       4,386       3,989  
Stock-based compensation charge   21,798       46,222       87,819       136,313  
Dividends received from equity accounted investments   1,681       -       1,681       1,165  
Decrease (Increase) in accounts receivable   208,571       199,458       (21,723 )     120,835  
Increase in finance loans receivable   (9,543 )     (219,419 )     (516,570 )     (400,670 )
Decrease in inventory   120,658       172,817       143,626       78,066  
Increase (Decrease) in accounts payable and other payables (A)   29,956       (170,871 )     259,888       (322,498 )
                               
Deferred consideration due to seller of Recharger included in accounts payable and other payables   -       20,794       -       20,384  
Increase in taxes payable   20,498       18,712       23,041       29,404  
Decrease in deferred taxes   (9,877 )     (81,336 )     (77,436 )     (251,666 )
Net cash provided by (used in) operating activities   607,904       194,205       584,837       (46,924 )
Cash flows from investing activities                              
Capital expenditures   (55,871 )     (52,151 )     (193,225 )     (236,150 )
Proceeds from disposal of property, plant and equipment   (10,612 )     7,302       5,214       31,206  
Acquisition of intangible assets   (19,766 )     (30,907 )     (57,159 )     (41,687 )
Acquisitions, net of cash acquired   (180,233 )     (164,726 )     (186,040 )     (234,156 )
Cash disposed on disposal of subsidiary   -       -       (2,777 )     -  
Investment in equity securities   -       -       (4,208 )     -  
Proceeds from disposal of equity securities   -       -       50,000       -  
Net change in settlement assets   103,944       58,259       115,546       97,813  
Net cash used in investing activities   (162,538 )     (182,223 )     (272,649 )     (382,975 )
Cash flows from financing activities                              
Proceeds from bank overdraft   743,928       394,300       1,585,486       1,689,434  
Repayment of bank overdraft   (482,320 )     (932,884 )     (1,404,556 )     (1,569,781 )
Long-term borrowings utilized   11,480       3,249,662       81,470       3,495,887  
Repayment of long-term borrowings   (170,444 )     (2,485,653 )     (211,872 )     (2,730,300 )
Acquisition of non-controlling interests   (59,278 )     -       (59,278 )     -  
Acquisition of treasury stock   (640 )     (499 )     (5,201 )     (221,976 )
Proceeds from exercise of stock options   -       1,082       -       2,005  
Guarantee fee   -       (9,961 )     (575 )     (17,532 )
Dividends paid to non-controlling interest   -       (2,398 )     -       (7,744 )


Net change in settlement obligations   (98,170 )   (59,755 )   (104,952 )   (101,935 )
Net cash (used in) provided by financing activities   (55,445 )   153,894     (119,481 )   538,058  
Effect of exchange rate changes on cash   2,901     (4,365 )   (6,462 )   (1,438 )
                         
Net increase in cash, cash equivalents and restricted cash   392,821     161,511     186,244     106,722  
Cash, cash equivalents & restricted cash - beginning of period   1,154,179     1,143,653     1,360,756     1,198,442  
Cash, cash equivalents & restricted cash - end of period R 1,547,001   R 1,305,164   R 1,547,001   R 1,305,164  
Exchange rate $1: ZAR   16.7685     18.4021     17.1282     18.0393  

(A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.

Our unaudited condensed consolidated balance sheets as of March 31, 2026 and June 30, 2025 in ZAR are presented below. Amounts included in these balance sheets have been calculated using the $ amounts per our balance sheets presented in U.S. dollars and converted to ZAR using the exchange rates noted below.

Unaudited Condensed Consolidated Balance Sheets  
  March 31,   June 30,
  2026   2025
  (In thousands, except share data)  
ASSETS              
CURRENT ASSETS              
Cash and cash equivalents R 1,544,886     R 1,358,643  
Restricted cash   2,115       2,113  
Accounts receivable, net of allowance and other receivables   775,794       755,048  
Finance loans receivable, net   1,695,634       1,315,853  
Inventory   298,392       418,157  
Total current assets before settlement assets   4,316,821       3,849,814  
Settlement assets   365,578       481,136  
Total current assets   4,682,399       4,330,950  
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of - March: R1,100,437; June: R978,074 (Note 1)   763,275       797,644  
OPERATING LEASE RIGHT-OF-USE   143,448       172,068  
EQUITY-ACCOUNTED INVESTMENTS   4,042       3,533  
GOODWILL   3,532,856       3,540,338  
INTANGIBLE ASSETS, including integrated platform of- March: R1,253,095; June: R1,408,767   2,115,555       2,471,818  
DEFERRED INCOME TAXES   191,139       222,901  
OTHER LONG-TERM ASSETS   79,843       67,630  
TOTAL ASSETS   11,512,557       11,606,882  
               
LIABILITIES              
CURRENT LIABILITIES              
Short-term credit facilities   611,060       434,457  
Accounts payable   330,254       352,747  
Other payables(A)   1,359,939       1,350,032  
Operating lease liability - current   74,248       71,146  
Current portion of long-term borrowings   261,430       212,284  
Income taxes payable   43,051       24,858  
Total current liabilities before settlement obligations   2,679,982       2,445,524  
Settlement obligations   369,041       473,980  
Total current liabilities   3,049,023       2,919,504  
DEFERRED INCOME TAXES   497,069       602,281  
OPERATING LEASE LIABILITY - LONG TERM   100,430       108,823  
LONG-TERM BORROWINGS   3,176,693       3,352,450  
OTHER LONG-TERM LIABILITIES, including insurance policy liabilities   61,746       53,106  
TOTAL LIABILITIES   6,884,961       7,036,164  
               
TOTAL EQUITY AND REDEEMABLE COMMON STOCK(A) R 4,627,596     R 4,570,718  
               
Exchange rate $1: ZAR   17.0568       17.7554  

Note 1: In October 2025, the Company identified that it had understated its June 30, 2025, cost and accumulated depreciation by ZAR 114.5 million. The carrying value of property, plant and equipment reported as of June 30, 2025 was not impacted by the misstatement. Accumulated depreciation has been recast to increase the amount from ZAR 863,552 to ZAR 978,074.

    (A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.

Attachment C

Reconciliation of net income (loss) used to calculate earnings (loss) per share basic and diluted and headline earnings (loss) per share basic and diluted:

Three months ended March 31, 2026 and 2025

         2026       2025  
                 
Net income (loss) (USD'000)(A)   552       (22,353 )
Adjustments:              
  Change in fair value of equity securities, net   378       16,971  
  Income recognized related to closure of legacy businesses   (848 )     -  
  Impairment loss   2,604       -  
  Profit on sale of property, plant and equipment   (188 )     (12 )
  Tax effects on above   51       3  
                 
Net income (loss) used to calculate headline earnings (loss) (USD'000)(A)   2,549       (5,391 )
                 
Weighted average number of shares used to calculate net earnings (loss) per share basic earnings (loss) and headline earnings (loss) per share basic earnings (loss) ('000)   81,845       81,282  
                 
Weighted average number of shares used to calculate net earnings (loss) per share diluted earnings (loss) and headline earnings (loss) per share diluted earnings (loss) ('000)   82,024       81,282  
                 
Headline earnings (loss) per share:              
  Basic, in USD   0.03       (0.07 )
  Diluted, in USD   0.03       (0.07 )

    (A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.

Nine months ended March 31, 2026 and 2025

       2026       2025  
                 
Net loss (USD'000)(A)   (461 )     (59,659 )
Adjustments:              
  Loss on disposal of equity securities   730       -  
  Change in fair value of equity securities, net   (2,593 )     43,618  
  Net loss on impairment/disposal of equity-accounted investment   584       -  
  Income recognized related to closure of legacy businesses   (848 )     -  
  Impairment loss   2,604       -  
  Profit on sale of property, plant and equipment   (245 )     (53 )
  Tax effects on above   66       14  
                 
Net loss used to calculate headline loss (USD'000)(A)   (163 )     (16,080 )
                 
Weighted average number of shares used to calculate net loss per share basic loss and headline loss per share basic loss ('000)   81,464       72,333  
                 
Weighted average number of shares used to calculate net loss per share diluted loss and headline loss per share diluted loss ('000)   81,464       72,333  
                 
Headline loss per share:              
  Basic, in USD   -       (0.22 )
  Diluted, in USD   -       (0.22 )

    (A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.

Calculation of the denominator for headline diluted earnings (loss) per share

  Three months ended
March 31, 		  Nine months ended
March 31,
  2026   2025   2026   2025
    ('000)       ('000)  
Basic weighted-average common shares outstanding and unvested restricted shares expected to vest under GAAP   81,845       81,282       81,464       72,333  
Effect of dilutive securities under GAAP   179       -       -       -  
Denominator for headline diluted earnings (loss) per share   82,024       81,282       81,464       72,333  

Weighted average number of shares used to calculate headline diluted loss per share represents the denominator for basic weighted-average common shares outstanding and unvested restricted shares expected to vest plus the effect of dilutive securities under GAAP. We use this number of fully diluted shares outstanding to calculate headline diluted loss per share because we do not use the two-class method to calculate headline diluted loss per share.

Source: View Original Filing on SEC EDGAR

FAQ

How did Lesaka Technologies (LSAK) perform in Q3 FY2026?

Lesaka Technologies posted Q3 FY2026 revenue of $183.1 million, roughly flat year-on-year, but improved profitability. Net Revenue rose 16% to $96.4 million, and Group Adjusted EBITDA increased 45% to $20.6 million, resulting in net income of $0.6 million.

What were Lesaka Technologies (LSAK) Q3 FY2026 earnings per share?

In Q3 FY2026, Lesaka reported basic GAAP EPS of $0.01 versus a loss of $0.28 a year ago. Adjusted Earnings were $9.1 million, with Adjusted EPS of $0.11, up sharply from $0.03, reflecting significantly stronger underlying profitability.

What FY2026 guidance did Lesaka Technologies (LSAK) provide?

For FY2026, Lesaka expects Net Revenue between ZAR 6.2–6.5 billion and Group Adjusted EBITDA between ZAR 1.25–1.35 billion. Management also guides to positive Net Income attributable to Lesaka and Adjusted EPS in the range of ZAR 5.50–6.00.

How did Lesaka’s key non-GAAP metrics trend in Q3 FY2026?

Lesaka’s non-GAAP metrics strengthened meaningfully. Net Revenue rose 16% to $96.4 million, and Group Adjusted EBITDA increased 45% to $20.6 million. Adjusted Earnings reached $9.1 million, with Adjusted EPS up 247% year-on-year to $0.11.

Which segments drove Lesaka Technologies (LSAK) Q3 FY2026 growth?

Lesaka’s Consumer and Enterprise segments delivered strong growth, while Merchant softened. Consumer segment revenue grew 41% in ZAR and segment Adjusted EBITDA rose 81%. Enterprise revenue climbed 78% in ZAR, with segment Adjusted EBITDA increasing 1,370%, from a low base.

Does Lesaka’s FY2026 guidance include the Bank Zero acquisition?

Lesaka’s FY2026 guidance excludes the impact of its announced acquisition of Bank Zero. The outlook also omits any other unannounced mergers or acquisitions, which are subject to regulatory approvals and customary closing conditions before they could affect reported results.

What exchange rates did Lesaka use for Q3 FY2026 reporting?

For Q3 FY2026, Lesaka translated its South African results using an average exchange rate of ZAR 16.77 to $1, compared with ZAR 18.40 to $1 in Q3 FY2025. This affects the U.S. dollar presentation of revenue, earnings, and other financial metrics derived from rand figures.

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