Frank Geng's questions to Lesaka Technologies Inc (LSAK) leadership • Q4 2024
Question
Frank Geng of Briarwood Chase Management asked for more detail on the upcoming medium-term financial objectives for Q2 2025 and for clarification on the merchant division's normalized growth outlook, given several moving parts in the annual results.
Answer
Executive Ali Zaynalabidin Mazanderani stated that updated objectives, including new Gross Profit guidance, will be provided after the Adumo acquisition closes. He noted that the underlying FY25 guidance already implies a 30% YoY growth rate, exceeding previous targets. Executive Steven Heilbron added that the merchant division's normalized growth was 15% in FY24, driven by strong VAS and card throughput, and this organic rate is expected to continue.