Lesaka exceeds profit guidance, eyes doubled FY2026 earnings

Lesaka Technologies, Inc. reported a robust FY2025, with Group Adjusted EBITDA reaching $50.7 million, a 33% increase, meeting its guidance. Net Revenue grew by 38% to $328.7 million. Despite a Net Loss of $87.5 million, largely due to non-operating, non-cash charges, the company delivered adjusted earnings of $10.4 million, up 263%.

For FY2026, Lesaka projects Net Revenue between ZAR 6.4 billion and ZAR 6.9 billion, and Group Adjusted EBITDA between ZAR 1.25 billion and ZAR 1.45 billion, representing at least 35% growth. The company also introduced adjusted earnings per share guidance of at least ZAR 4.60, more than doubling the ZAR 2.29 per share reported this year.

The Merchant Division saw its Net Revenue increase by 46% to $202.3 million, with Segment Adjusted EBITDA up 20% to $36.2 million. The Consumer Division’s Net Revenue grew by 35% to $96.0 million, and its Segment Adjusted EBITDA surged by 83% to $23.9 million.