Lesaka Technologies, Inc.

NASDAQ•LSAK

CEO: Mr. Ali Zaynalabidin-Haeri Mazanderani

Sector: Technology

Industry: Software - Infrastructure

Listing Date: 1999-04-19

Lesaka Technologies, Inc. operates as a Fintech company, provides financial services solutions and software in Southern Africa. The company operates through two divisions, B2C Consumer and B2B Merchant Division. It operates a full-service platform that offers a range of solutions, including transactional accounts, lending, insurance, cash management, card acceptance, supplier payments, software services, and bill payments, as well as payment solutions and value added services. The company also engages in the sale of POS devices, SIM cards, and other consumables; and licenses of right to use certain technology developed by the company. It provides its services to formal and informal consumers, micro-merchants, merchants, and enterprise clients. The company was formerly known as Net 1 UEPS Technologies, Inc. and changed its name to Lesaka Technologies, Inc. in May 2022. Lesaka Technologies, Inc. was incorporated in 1997 and is headquartered in Johannesburg, South Africa.

Contact Information

4th Floor President Place, Cnr. Jan Smuts Avenue & Bolton Road Rosebank, Johannesburg, 2196, South Africa

27-11-343-2000

www.lesakatech.com

Market Cap

$413.71M

P/E (TTM)

-7.3

44.5

Dividend Yield

52W High

$5.10

52W Low

$3.39

52W Range

89%

Rank55Top 80.0%

2.6

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 2.6 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q2 2026 Data

Revenue

$178.73M+0.00%

4-Quarter Trend

EPS

$0.04+0.00%

4-Quarter Trend

FCF

-$15.85M+0.00%

4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Quarterly Net Income Profitability Net income attributable to Lesaka $3.65M versus $32.46M loss last year; operating income surged 293% to $2.15M.

Segment Revenue Growth Strong Consumer revenue grew 44% to $33.12M and Enterprise revenue increased 66% to $14.80M in USD terms.

Lending Portfolio Expansion Lending portfolio outstanding grew 106% to $1.46B for the six months ended December 31, 2025, showing strong uptake.

Group EBITDA Rises 54% Group Adjusted EBITDA reached $17.78M, marking a 54% increase compared to the prior period's $11.58M.

Risk Factors

Historical Tax Adjustments Risk Ongoing review of historical VAT treatment may lead to further adjustments, restatements, or additional tax payments.

Intangible Amortization Rising Depreciation and amortization expense increased 65% to $13.57M due to shorter useful lives for brand intangible assets.

Merchant Revenue Declines Merchant segment revenue decreased 9% to $131.92M, driven by lower prepaid airtime sales and margin compression.

Disclosure Controls Ineffective Management concluded disclosure controls and procedures were not effective as of December 31, 2025, due to remediation delays.

Outlook

New Brand Rollout Planned Lesaka launched a new brand in November 2025; full organizational rollout is planned throughout the 2026 calendar year.

Office Consolidation Underway Finalized new Johannesburg head office lease; similar consolidation exercises are underway for Durban and Cape Town hubs.

Bank Zero Acquisition Pending Bank Zero acquisition completion awaits final regulatory approvals from Prudential Authority and South African Reserve Bank.

Capital Spending Focused Expect capital spending primarily on acquisition of POS devices, vaults, computer software, and ATM infrastructure in 2026.

Peer Comparison

Revenue (TTM)

BKKT

$3.85B

+102.0%

RXT

$2.69B

-1.9%

LSAK

$743.30M

+21.1%

Gross Margin (Latest Quarter)

LAW

75.1%

+2.4pp

REKR

63.4%

+19.4pp

PAYS

56.3%

+0.7pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
RXT	$472.84M	-2.1	19.6%	117.3%
LSAK	$413.71M	-7.3	-19.5%	36.7%
NNDM	$379.95M	-1.4	-36.1%	4.9%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

3.4%

Moderate Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

50%

Cash Flow Needs Attention

Deep Research

Next earnings:May 5, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data