How did LSAK's Q3 2025 forecast compare to past trends?

**Lesaka Technologies' (LSAK) Q3 2025 forecast reflects an improvement in financial performance compared to past trends.** Here's an analysis based on the available data: 1. **Revenue Growth**: Lesaka's revenue for Q2 2025 was $146.8 million, an increase from $143.9 million in Q2 2024. This indicates a positive trend in revenue growth. 2. **Net Revenue Increase**: The net revenue for Q2 2025 was $77.1 million, marking a 42% increase from the previous year. This suggests a strong performance in terms of actual business income. 3. **Operating Income**: Although the operating income decreased to $0.8 million in Q2 2025, compared to $2.3 million in Q2 2024, the company's strategic moves, such as the acquisition of Recharger, suggest a long-term vision that could positively impact profitability in future quarters. 4. **Adjusted EBITDA**: The Group Adjusted EBITDA improved by 26% to $11.8 million, exceeding guidance. This is a positive indicator of improved operational efficiency and cash flow generation. 5. **Dividend Guidance**: Lesaka reaffirmed its FY2025 guidance and provided FY2026 Group Adjusted EBITDA guidance of ZAR 1.25-1.45 billion. The FY2026 guidance represents significant growth potential and management's confidence in operational scalability. In conclusion, while there are some fluctuations in specific financial metrics, such as operating income, the overall trend for Lesaka Technologies in Q3 2025 and beyond appears to be heading towards improvement. The company's strategic acquisitions, revenue growth, and positive adjustments in EBITDA suggest a promising outlook.