Ross's questions to Lesaka Technologies Inc (LSAK) leadership • Q2 2025
Question
Ross asked about the Enterprise division's recent loss, the reasons for its current restructuring, and its expected future contribution to the group.
Answer
Naeem Kola, Head of the Enterprise Division, explained that FY'25 is a foundational year involving significant investment in technology and the strategic exit from unprofitable contracts, with the associated cost overhang impacting current results. He stressed the division is strategic and will become a material EBITDA contributor from FY'26 onwards. Kola expressed excitement for the Recharger acquisition, expected to close in March 2025, which adds 460,000 customer touchpoints and moves Lesaka up the electricity value chain.