's questions to Lesaka Technologies Inc (LSAK) leadership • Q2 2025
Question
An analyst asked for a breakdown of the drivers behind the FY'26 EBITDA guidance, specifically requesting the split between organic growth and contributions from recent acquisitions.
Answer
Executive Chairman Ali Zaynalabidin Mazanderani explained that the guidance from ZAR 950 million in FY'25 to ZAR 1.35 billion in FY'26 implies a 42% year-on-year increase. He stated that the underlying organic growth expectation is approximately 25% year-on-year, with the remainder attributable to the full-year impact of the Adumo and Recharger acquisitions. Mazanderani noted that this distinction is becoming artificial as the businesses integrate. Key organic growth drivers are the merchant acquiring and software products in the Merchant Division, and continued balanced growth across the Consumer Division's offerings.