Frank Geng

Jarred Houston

Frank

Rajiv Sharma

Ross

Sven

Theodore O'Neill

- Lesaka Technologies reported a strong financial year 2025, with **net revenue of R5.3 billion** and **EBITDA of R922 million**, meeting guidance. Adjusted earnings per share grew significantly to **R2.29** for FY2025 and **R0.99** for Q4 2025.  **[1041514_2138561_1]** **[1041514_2138561_2]** 
- The company completed significant acquisitions in FY2025, including **Adumo for R1.7 billion** and **Recharger for R507 million**, and announced the **R1.1 billion acquisition of BankZero** (pending regulatory approval).  **[1041514_2138561_1]**  It also sold its stake in MobiKwik for **R290 million**.  **[1041514_2138561_1]** **[1041514_2138561_2]** 
- Lesaka Technologies provided positive guidance for FY2026, expecting adjusted earnings per share to be **more than R4.60 per share**, representing an increase of over **100%** year-on-year from FY2025.  **[1041514_2138561_16]** 
- The net debt to group adjusted EBITDA ratio was **2.9 times** at year-end, with a target of less than 2 times.  **[1041514_2138561_1]** **[1041514_2138561_2]**  The company expects to reduce gross debt by approximately **R1 billion** post-BankZero acquisition.  **[1041514_2138561_15]**

Lesaka Technologies Reports Strong FY2025 Results and Provides FY2026 Guidance

- Lesaka Technologies reported strong financial performance for FY 2025, with **net revenue of ZAR 5.3 billion** and **EBITDA of ZAR 922 million**, leading to adjusted earnings per share of **ZAR 2.29**.  **[1041514_2138771_1]**  Q4 2025 also showed significant growth, with net revenue increasing **47% to ZAR 1.5 billion** and group adjusted EBITDA up **61% to ZAR 306 million**.  **[1041514_2138771_2]** 
- The company actively pursued strategic M&A, completing the acquisitions of **Adumo for ZAR 1.7 billion** and **Recharger for ZAR 507 million**, and announcing the **ZAR 1.1 billion acquisition of BankZero**, which is pending regulatory approval.  **[1041514_2138771_1]**  Lesaka also sold its stake in MobiKwik for **ZAR 290 million**.  **[1041514_2138771_1]** **[1041514_2138771_2]** 
- Lesaka's net debt to group adjusted EBITDA ratio increased to **2.9 times** at year-end, though annualizing Q4 adjusted EBITDA would bring it to **2.2 times**, approaching their target of less than 2 times.  **[1041514_2138771_1]** **[1041514_2138771_2]**  The BankZero acquisition is anticipated to reduce gross debt by approximately **ZAR 1 billion**.  **[1041514_2138771_15]** 
- For FY 2026, Lesaka Technologies reaffirmed its net revenue, group-adjusted EBITDA, and positive net income guidance, and introduced adjusted earnings per share guidance of **more than ZAR 4.60**, representing over **100% year-on-year growth**.  **[1041514_2138771_16]**  All three business pillars are expected to grow at least **20%**.  **[1041514_2138771_23]**

Lesaka Technologies Reports Strong Q4 and FY 2025 Financials, Announces Strategic Acquisitions, and Provides FY 2026 Guidance

- Lesaka Technologies reported strong **FY 2025** financial results, with **net revenue of R5.3 billion** and **EBITDA of R922 million**, and **adjusted earnings per share growing to R2.29**.  **[1041514_2138443_1]**  For **Q4 2025**, net revenue increased **47% to R1.5 billion** and group adjusted EBITDA grew **61% to R306 million**.  **[1041514_2138443_2]** 
- The company completed the **R1.7 billion acquisition of Adumo** in October 2024 and the **R507 million acquisition of Recharger** in March 2025, while also announcing the **R1.1 billion acquisition of BankZero** in June 2025, pending regulatory approval.  **[1041514_2138443_1]**  Lesaka also sold its stake in MobiKwik for **R290 million**.  **[1041514_2138443_1]** **[1041514_2138443_2]** 
- Lesaka's net debt to group adjusted EBITDA stood at **2.9 times** at year-end, with a medium-term target of less than **2 times**.  **[1041514_2138443_1]** **[1041514_2138443_4]**  The company expects annual capital expenditure to remain below **R400 million** in FY2026.  **[1041514_2138443_4]** 
- All three business divisions are projected to grow at least **20%** in FY2026.  **[1041514_2138443_23]**  In FY2025, the Consumer division's net revenue grew **35%** and EBITDA grew **83%**, while the Merchant division's net revenue increased **46%** and EBITDA grew **20%**.  **[1041514_2138443_1]** **[1041514_2138443_8]**

Lesaka Technologies Reports Strong FY 2025 Results Driven by Acquisitions and Growth Across Divisions

- Lesaka Technologies reported strong operational performance in **FY2025**, meeting profitability guidance despite a widened net loss of **$87.5 million** primarily due to one-off non-operating and non-cash charges.  **[1041514_f1cdc1783f9349e299a168af80719ead]** 
- The company projects a significant turnaround for **FY2026**, with adjusted earnings per share expected to **more than double** and net income anticipated to return to positive territory, supported by at least **35% growth in adjusted EBITDA**.  **[1041514_f1cdc1783f9349e299a168af80719ead]** 
- In the most recent quarter, Lesaka **beat EPS estimates** with **$0.05** versus the consensus **$0.04**, marking a **25% earnings surprise**, but revenues missed consensus by **37.41%**, declining to **$82 million** from **$146.05 million** year-over-year.  **[1041514_f1cdc1783f9349e299a168af80719ead]** 
- Lesaka announced its pending acquisition of **Bank Zero**, aiming to enhance its banking and fintech capabilities, though this deal is not yet included in the FY2026 projections.  **[1041514_f1cdc1783f9349e299a168af80719ead]**

LESAKA TECHNOLOGIES (LSAK)