What is the revenue and EPS growth rate for Lesaka Technologies year over year?

What is the market's earnings forecast for Lesaka Technologies next quarter?

What were the key takeaways from Lesaka Technologies’s earnings call?

What is Lesaka Technologies's gross profit margin?

What were the key takeaways from Lesaka Technologies's earnings call?

What guidance did Lesaka Technologies's management provide for the next earnings period?

What is Lesaka Technologies's latest dividend and current dividend yield?

What factors drove the changes in Lesaka Technologies's revenue and profit?

- **Strategic Milestones**: Bank Zero deal approved; 'One Lesaka' brand launched to consolidate 3 divisions under a single platform.
- **Financial Strength**: Q2 net revenue up 16% YoY to ZAR 1.6 billion; adjusted EBITDA surges 47% to ZAR 304 million.
- **Consumer Dominance**: Active consumer base hits 2 million, with lending originations tripling to ZAR 1.2 billion.
- **Risk Management**: 78% of loans to repeat borrowers; USSD channel reduces credit risk and costs.
- **Leverage Reduction**: Targeting 2x debt/EBITDA by FY27 via Bank Zero deposits and organic cash flow.

**【Management Opening Remarks】**
- Received Competition Tribunal approval for the Bank Zero combination, with Prudential Authority approval pending.
- Launched the 'One Lesaka' brand consolidation, unifying operations under a single platform with a focus on underserved consumers and merchants.
- Group adjusted EBITDA grew 47% YoY to ZAR 304 million, driven by organic growth and accretive acquisitions.
- Exited Cell C stake and resolved legacy CPS contract, releasing ZAR 115 million in one-off benefits.

**【CFO Financial Commentary】**
- Q2 net revenue: ZAR 1.6 billion (16% YoY growth), with Consumer (+38%) and Enterprise (+67%) leading.
- Group adjusted EBITDA: ZAR 304 million (47% YoY), above midpoint of guidance.
- Adjusted EPS: ZAR 1.34 (6x YoY growth), reflecting operational efficiency and integration benefits.
- Leverage ratio: 2.5x, targeting 2x+ by FY27 through Bank Zero integration.

**【CEO Operational Review】**
- **Merchant Division**: ARPU down 10% YoY to ZAR 1,835 due to margin compression in ADP and acquiring. Active merchants: 130,000 (8% YoY), with 46% using multiple products.
- **Consumer Division**: Active base surpasses 2 million (21% YoY), with lending originations at ZAR 1.2 billion (88% YoY). ARPU: ZAR 91/month (15% YoY).
- **Enterprise Division**: ADP TPV: ZAR 11.9 billion (18% YoY), Utilities TPV: ZAR 465 million (15% YoY). In-house switch processing 40% of merchant acquiring volumes.

**【Q&A Highlights】**
- **Consumer Lending Growth**: Driven by medium-term loans (ZAR 4,000/9 months) and USSD channel adoption (8% of originations). Repeat borrowers: 78%.
- **Merchant ARPU Outlook**: Stabilization expected in FY27 as cross-sell of acquiring and software products gains traction.
- **Marketing Costs**: ZAR 50-75 million over next 2 quarters for One Lesaka rebranding, excluded from adjusted EBITDA.
- **Bank Zero Impact**: Potential ZAR 1 billion+ debt reduction and deposit base expansion post-integration.


Lesaka Technologies, Inc. (LSAK) Q2 2026 Earnings Call Transcript

- **Revenue & Profit Beat**: Q1 net revenue ZAR 1.53B (+45% YoY), EBITDA ZAR 271M (+61% YoY), EPS doubled to ZAR 1.07.
- **Consumer Dominance**: 1.9M active users (+24% YoY), ARPU ZAR 89 (+13%), lending originations ZAR 820M (+87% YoY).
- **Merchant Integration Success**: TPV ZAR 9.2B (+119% YoY), micro merchant cash TPV +75%, devices 88K (+64% YoY).
- **Strategic Moves**: Bank Zero acquisition on track, Cell C stake monetization, and 20% office consolidation reducing costs.

**【Management Opening Remarks】**
- **Revenue Growth**: Net revenue reached ZAR 1.53 billion (45% YoY), driven by Merchant (Adumo acquisition) and Consumer divisions. Group adjusted EBITDA rose 61% to ZAR 271 million, with adjusted EPS doubling to ZAR 1.07.
- **Financial Health**: Net debt/EBITDA improved to 2.5x (from 2.6x YoY), targeting 2x medium-term. Capital expenditure for FY26 expected below ZAR 400 million.

**【CEO Operational Update】**
- **Merchant Division**: TPV doubled to ZAR 9.2 billion, devices up 64% to 88,000. Micro merchant cash TPV grew 75%, offsetting small merchant churn. Merchant lending originations increased 21% to ZAR 201 million.
- **Consumer Division**: Active users reached 1.9 million (24% YoY), ARPU up 13% to ZAR 89. Lending originations doubled to ZAR 820 million, insurance premiums rose 38%.
- **Enterprise Division**: ADP TPV grew 13% to ZAR 11.9 billion, Utilities TPV up 21% to ZAR 396 million. Active meters increased 16% to 270,000.

**【CFO Financial Review】**
- **Cash Flow**: Operating cash flow ZAR 341 million, reinvested 36% in lending and 31% in net interest costs. Nonrecurring costs elevated group expenses to ZAR 64 million.
- **Balance Sheet**: Capital expenditure focused on Smart Safe expansion and software development. Bank Zero expected to reduce reliance on debt funding.

**【Q&A Highlights】**
- **Merchant Margin Volatility**: Seasonality and product mix drive 19-25% quarterly EBITDA margin range. Cross-sell rate >1 product per merchant, targeting higher attachment rates.
- **Bank Zero Progress**: Regulatory approval on track for FY26 close, enhancing consumer lending and digital banking capabilities.
- **Cell C IPO**: 5% stake valued at ZAR 50 million+ if listed, aligning with simplification strategy.
- **Consumer Growth Runway**: 14% market share vs. 20% Postbank migration rate, plus insurance expansion to non-Easy Pay customers.
- **FY26 EBITDA Guidance**: Q2 midpoint ZAR 300 million (42% YoY), with Q3/Q4 growth driven by organic expansion and Bank Zero integration.

Lesaka Technologies, Inc. (LSAK) Q1 2026 Earnings Call Transcript

- **Record growth**: FY 2025 adjusted EPS up 187% to ZAR 2.29, driven by 46% revenue growth and 83% Consumer EBITDA expansion. 
- **Strategic acquisitions**: ZAR 3.3 billion spent on Adumo, Recharger, and Bank Zero (pending), creating integrated fintech platform. 
- **Profitability targets**: FY 2026 >100% EPS growth, >ZAR 4.60 adjusted EPS, positive net income. 
- **Key risks**: ZAR 335 million goodwill impairment, macroeconomic stress on consumer loans (<6% loss ratio). 
- **Bank Zero impact**: Expected to reduce gross debt by ZAR 1 billion via deposit mobilization, accelerate merchant banking offering.

**【Executive Chairman Remarks】**
- FY 2025 net revenue: ZAR 5.3 billion (up 46% YoY), adjusted EBITDA: ZAR 922 million (up 187% YoY), adjusted EPS: ZAR 2.29 (up 187% YoY). 
- Key acquisitions: ZAR 1.7 billion Adumo (Oct 2024), ZAR 507 million Recharger (Mar 2025), ZAR 1.1 billion Bank Zero (pending regulatory approval). 
- Debt refinanced to ZAR 4 billion, net debt/EBITDA ratio 2.9x (target 2.0x). 
- Divestiture of MobiKwik for ZAR 290 million. 
- Merchant division EBITDA: ZAR 657 million (20% YoY), Consumer: ZAR 435 million (83% YoY), Enterprise: ZAR 24 million (down 54% YoY). 

**【CFO Financial Commentary】**
- Q4 2025 net revenue: ZAR 1.5 billion (47% YoY), adjusted EBITDA: ZAR 306 million (61% YoY), adjusted EPS: ZAR 0.99 (211% YoY). 
- Non-cash charges: ZAR 239 million transaction costs, ZAR 46 million accelerated amortization, ZAR 335 million goodwill impairment. 
- Operating cash flow: ZAR 370 million (Q4), net debt/EBITDA: 2.9x. 
- FY 2026 guidance: >100% EPS growth, >ZAR 4.60 adjusted EPS, positive net income. 

**【Merchant Division】**
- Acquired Adumo (23,000 merchants) and GAAP (9,600 hospitality sites), integrated under Lesaka brand. 
- Q4 2025 net revenue: ZAR 3 billion (46% YoY), EBITDA: ZAR 657 million (20% YoY). 
- Cross-sell opportunities: 10% GAAP software customers use acquiring, target 50%+ penetration. 
- Micro merchant vault deposits: ZAR 13.8 billion (92% YoY). 
- Operating margin improved to 23% (Q4) from 19% (Q3). 

**【Consumer Division】**
- Launched Bonngwe CRM platform, new loan product (max loan size +50%, terms +50%). 
- Q4 2025 net revenue: ZAR 1.7 billion (35% YoY), EBITDA: ZAR 435 million (83% YoY). 
- Active consumers: 166,000 (Q4), ARPU: ZAR 85/month. 
- 20% market share of Post Bank migrants, 40% loan penetration, 34% insurance penetration. 

**【Enterprise Division】**
- Acquired Recharger (utilities), integrated into Lesaka tech stack. 
- Q4 2025 net revenue: ZAR 190 million (60% ADP, 35% utilities), EBITDA: ZAR 11 million (excl. ZAR 17 million restructuring costs). 
- ADP billers: 620+ (incl. DStv, telcos), utilities meters: high double-digit margin. 
- FY 2026 target: >10% of group EBITDA. 

**【Q&A Highlights】**
- **Bank Zero**: Expected to close Q2 2026, will reduce gross debt by ZAR 1 billion via deposit mobilization. 
- **Competitive risk**: Nedbank/Ecoka focuses on narrow SME segment, Lesaka offers integrated solutions (acquiring + lending + software). 
- **Goodwill impairment**: ZAR 335 million due to CGU-specific valuations, no write-up allowed under IFRS. 
- **Regulatory environment**: ASAPP engagement positive, Reserve Bank moving to open payment system. 
- **Shoprite banking**: No direct threat, Lesaka focuses on underserved micro-merchant and grant beneficiary segments. 
- **Credit quality**: Consumer loan loss ratio <6%, merchant impairment <1.5%, no macro stress transmission.

Lesaka Technologies, Inc. (LSAK) Q4 2025 Earnings Call Transcript

- **Consumer Dominance**: Consumer division revenue up 32% YoY, ARPU at ZAR 106, and 13% market share in grant recipients.
- **Merchant Momentum**: Merchant net revenue +58% YoY, 81,000+ PoP processing ZAR 9.9 billion in throughput.
- **Enterprise Reset**: Recharger acquisition adds 500k meters, targeting >10% EBITDA contribution in FY26.
- **Financial Strength**: Group EBITDA of ZAR 237 million, debt refinanced to 10.7% cost, and 2.8x net debt ratio.
- **Future Guidance**: FY26 EBITDA target of ZAR 1.25-1.45 billion, with positive GAAP net income for first time.


**【CEO Summary Section】**
- Lesaka delivered Q3 FY25 revenue of ZAR 2.5 billion, net revenue of ZAR 1.36 billion, and Group adjusted EBITDA of ZAR 237 million, surpassing guidance across all metrics.
- Consumer division drove 32% year-on-year revenue growth to ZAR 446 million, with EPE account penetration reaching 45% for loans and 34% for insurance.
- Merchant division net revenue rose 58% to ZAR 782 million, supported by Adumo integration and double-digit growth in Kazang Pay.
- Enterprise division completed Recharger acquisition, contributing ZAR 100 million in utility payments throughput.
- Group debt restructure reduced cost of debt to 10.7% per annum, saving ZAR 52 million annually.

**【CFO Financial Commentary】**
- Fundamental earnings grew 98% YoY to ZAR 58 million, driven by Consumer division expansion and cost optimization.
- Cash generation from operations improved to ZAR 277 million, with net debt to Group adjusted EBITDA at 2.8x, within covenant limits.
- CapEx of ZAR 83 million focused on Smart Safe rollout, payment switch enhancements, and POS device expansion.

**【Merchant Division Performance】**
- Over 81,000 points of presence processed ZAR 9.9 billion in throughput, up 156% YoY.
- Software business (GAAP) ARPU of ZAR 3,360/month, with 70% annual recurring revenue.
- Merchant lending disbursed ZAR 332 million, up 52% YoY, with net loan book of ZAR 494 million.
- Alternative payments throughput grew 4% to ZAR 5.3 billion, with 57% YoY growth in supplier-enabled payments.

**【Consumer Division Highlights】**
- 1.5 million permanent SASSA grant customers, 17% YoY growth, capturing 13% market share.
- Micro loans capped at ZAR 4,000 with 54% YoY gross advances growth.
- Insurance policies reached 527,000, up 27% YoY, with 96% premium collection rate.
- ARPU increased to ZAR 106, up 12% QoQ, driven by cross-selling.

**【Enterprise Division Update】**
- Recharger acquisition added 500,000 registered meters, with 28% YoY vending throughput growth.
- Prism Switch processed 2 million transactions, enhancing internal transaction flows.
- Exiting legacy hardware businesses to focus on strategic technology products.

**【Q&A Key Takeaways】**
- Consumer market share gains continued into Q4, with ARPU growth outpacing account expansion.
- Merchant ADP growth underwhelmed at 4% YoY, but interventions expected to restore mid-teens growth.
- Enterprise EBITDA contribution to improve to >10% of Group adjusted EBITDA in FY26.
- Target Group adjusted EBITDA margin of 20% in FY26, trending toward 30% medium-term.


Lesaka Technologies, Inc. (LSAK) Q3 2025 Earnings Call Transcript

- **Revenue Growth & EBITDA Beat**: Q2 FY 2025 net revenue up 42% YoY to ZAR 5.2 billion, with adjusted EBITDA exceeding guidance at ZAR 212 million (+26% YoY). Merchant Division led with ZAR 854 million net revenue (+68% YoY).
- **Consumer Expansion**: Consumer ARPU rose 12% to ZAR 94, driven by 31% YoY revenue growth. Cross-sell initiatives achieved 43% loan penetration and 35% insurance penetration.
- **Enterprise Restructuring**: FY 2025 EBITDA guidance includes Recharger's ZAR 40 million contribution. Prism Switch and EasyPay bill payments (ZAR 8.3 billion) support long-term growth.
- **Debt Optimization**: Target net debt-to-EBITDA ratio of 2x, with MobiKwik monetization reducing gross debt to ZAR 1.8 billion.
- **Regulatory Tailwind**: SARB's proposed Banks Act exemption could unlock nonbank fintech growth, aligning with Lesaka's digital payments strategy.

**【CEO Summary Section】**
- Lesaka Technologies reported Q2 FY 2025 revenue of ZAR 2.6 billion, with net revenue up 42% YoY to ZAR 5.2 billion. The Merchant Division contributed ZAR 854 million in net revenue, driven by the Adumo acquisition. Consumer Division net revenue grew 31% YoY to ZAR 411 million, while the Enterprise Division retracted 29% due to restructuring costs.
- Group adjusted EBITDA rose 26% YoY to ZAR 212 million, exceeding guidance of ZAR 210 million. Merchant Division EBITDA increased 32% to ZAR 185 million, while Consumer EBITDA grew 61% to ZAR 77 million. Enterprise Division reported a loss of ZAR 0.5 million due to unprofitable contract exits.
- FY 2026 guidance includes group adjusted EBITDA of ZAR 1.25 billion to ZAR 1.45 billion, reflecting 42% YoY growth. The outlook emphasizes organic growth, market share expansion, and integration of acquisitions like Recharger (expected to contribute ZAR 40 million in FY 2025).

**【CFO Financial Commentary】**
- Gross debt stood at ZAR 3.8 billion, with plans to refinance to reduce net debt-to-EBITDA ratio to 2x. Cash generation from operations reached ZAR 269 million, supporting Adumo integration and Consumer loan book growth. MobiKwik's listing resulted in a ZAR 615 million non-cash write-down, impacting net loss of ZAR 584 million.
- Fundamental earnings increased 35% YoY to ZAR 23 million, driven by cost optimization and higher-margin product mix. Capital expenditures of ZAR 113 million focused on Merchant acquiring POS devices and Consumer cash vaults.

**【Merchant Division Performance】**
- Merchant acquiring throughput rose 71% YoY to ZAR 11.3 billion, with Kazang Pay contributing 19% growth. GAAP software solutions expanded to 9,705 sites, with ARPU of ZAR 3,300. Alternative digital payments saw 63% YoY growth in supplier-enabled platforms. Lending disbursements reached ZAR 178 million, including Adumo Capital's ZAR 39 million share.

**【Consumer Division Highlights】**
- Active EPE customer base grew 11% YoY to 1.6 million, with ARPU increasing 12% to ZAR 94. Loan originations rose 38% YoY to ZAR 617 million, while insurance gross premiums grew 38% to ZAR 97 million. Cross-sell initiatives achieved 43% loan penetration and 35% insurance penetration. Adumo Payouts added 200,000 cardholders with a load value of ZAR 170 million.

**【Enterprise Division Update】**
- Recharger acquisition (expected to close in Q3) will expand prepaid electricity sub-metering and voucher vending. Prism Switch, a secure data processing platform, saw 7% YoY growth in HSM unit sales. EasyPay bill payments increased 13% YoY to ZAR 8.3 billion, offsetting utility payment declines from contract exits.

**【Q&A Key Takeaways】**
- **Consumer Growth Sustainability**: Lincoln Mali emphasized 12% market share in grant beneficiaries, cross-sell opportunities (43% loan penetration, 35% insurance), and expansion beyond grants via Adumo Payouts. 
- **Debt Management**: Dan Smith outlined plans to reduce net debt-to-EBITDA to 2x through refinancing and MobiKwik monetization. Q2 cash outflows included ZAR 149 million for Consumer loans and ZAR 69 million for bulk VAS purchases.
- **Regulatory Outlook**: Ali Mazanderani highlighted SARB's proposed Banks Act exemption, enabling nonbank fintechs to bypass traditional banking gatekeepers and accelerate digitization.


Actual											-0.11	-0.22	-0.23	-0.24	-0.24	-0.18	-0.22	-0.13	-0.05	-0.09	-0.08	-0.01	-0.02	-0.115	-0.09	0.01	0.02	0.02	0.04	0.01	0.04	0.05	0.06	0.08
Forecast											-0.1	-0.08	-0.09	-0.1	-0.2	-0.16		-0.14	-0.09	-0.08	-0.08	-0.12	-0.06	-0.07	-0.08	-0.03	-0.025	-0.035	-0.04	0.01	0.02	0.04	0.03	0.04	0.07
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-10.00%	-175.00%	-155.56%	-140.00%	-20.00%	-12.50%	0.00%	+7.14%	+44.44%	-12.50%	0.00%	+91.67%	+66.67%	-64.29%	-12.50%	+133.33%	+180.00%	+157.14%	+200.00%	0.00%	+100.00%	+25.00%	+100.00%	+100.00%	0.00%

Actual	--	--	--	--	--	--	--	--	--	--	36.51M	25.98M	37.11M	32.30M	28.83M	34.52M	34.50M	31.11M	35.20M	121.79M	124.79M	136.07M	133.97M	133.10M	136.09M	143.89M	138.19M	146.05M	58.81M	146.80M	73.37M	82.00M	86.61M	93.40M	--
Forecast	--	--	--	--	--	--	--	--	--	--	45.99M	32.20M	30.10M	35.32M	32.92M	30.53M	--	34.90M	32.31M	92.20M	121.50M	128.91M	148.33M	129.54M	134.65M	144.45M	145.53M	149.30M	144.15M	65.28M	74.10M	81.22M	83.74M	91.30M	99.30M
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-20.61%	-19.32%	+23.30%	-8.53%	-12.43%	+13.07%	0.00%	-10.85%	+8.94%	+32.09%	+2.70%	+5.55%	-9.68%	+2.75%	+1.07%	-0.39%	-5.04%	-2.18%	-59.20%	+124.88%	-0.99%	+0.96%	+3.42%	+2.30%	0.00%

LSAK

LSAK fundamentals

LSAK Q3 2026 Earnings Preview

Earnings Call

You can ask Aime

LSAK

LSAK fundamentals

LSAK Q3 2026 Earnings Preview

Earnings Call

LSAK Earnings Call Summary for Q3/2026Upcoming8:00 AM on May 7, 2026

LSAK Earnings Call Summary for Q2/20268:00 AM on Feb 5, 2026

LSAK Earnings Call Summary for Q1/20268:00 AM on Nov 6, 2025

LSAK Earnings Call Summary for Q4/20258:00 AM on Sep 11, 2025

LSAK Earnings Call Summary for Q3/20258:00 AM on May 8, 2025

You can ask Aime