Lesaka Technologies Announces Strong Preliminary Results for FY2025
Lesaka Technologies, Inc. has shared an overview of its preliminary unaudited financial results, showcasing its progress and significant growth. The company reported a net revenue of $328.7 million, translating to an impressive 38% increase year-on-year when measured in South African Rand (ZAR).
Financial Performance Highlights
The financial results indicated several notable metrics that reflect Lesaka’s growing market presence and improved operational efficiency:
- Net Revenue reached $328.7 million (ZAR 5.3 billion), reflecting a 38% increase in ZAR.
- The company reported a net loss of $87.5 million (ZAR 1.6 billion), marking a substantial increase attributed primarily to a non-operating, non-cash charge regarding the fair value and sale of MobiKwik.
- Adjusted EBITDA stood at $50.7 million (ZAR 922.2 million), showcasing a rise of 33% in ZAR, fitting squarely within the company’s guidance for the year.
- Basic loss per share was reported at $1.14 (ZAR 19.49), a yearly increase of 284% in ZAR.
- Furthermore, adjusted earnings reached $10.4 million (ZAR 186.2 million), seeing an impressive rise of 263% in ZAR, with adjusted earnings per share at $0.13 (ZAR 2.29), a 187% year-on-year increase in ZAR.
Quarterly Results for Q4 2025
In its fourth quarter, Lesaka continued to demonstrate strong performance:
- Net Revenue reached $82.0 million (ZAR 1.5 billion), which is a 47% increase in ZAR compared to the prior year.
- The net loss for Q4 was $28.8 million (ZAR 515 million), reflecting a significant increase in losses due to several non-recurring costs.
- Adjusted EBITDA for Q4 came in at $16.7 million (ZAR 305.6 million), up 61% in ZAR.
- The basic loss per share for Q4 was $0.35 (ZAR 6.33), a 338% increase in ZAR.
- Adjusted earnings were reported at $4.4 million (ZAR 80.4 million), a 292% increase in ZAR, with adjusted earnings per share at $0.05 (ZAR 0.99), up 211% in ZAR.
Looking Ahead: FY2026 Guidance
Lesaka has set ambitious targets for FY2026, indicating a strong outlook:
- For Q1 FY2026, the company anticipates net revenue between ZAR 1.50 billion and ZAR 1.65 billion.
- Group Adjusted EBITDA for the quarter is expected in the range of ZAR 260 million to ZAR 300 million.
- For the full fiscal year 2026, projected net revenue is expected to reach between ZAR 6.4 billion and ZAR 6.9 billion.
- The Group Adjusted EBITDA for the year is anticipated to be between ZAR 1.25 billion and ZAR 1.45 billion.
- Lesaka aims for an adjusted earnings per share to exceed ZAR 4.60, double the previous year's adjusted earnings per share of ZAR 2.29.
Strategic Growth Initiatives
Lesaka’s leadership, including Chairman Ali Mazanderani, expressed optimism about sustaining momentum moving into FY2026. The company remains focused on executing its strategic initiatives, which include the Bank Zero acquisition, pending necessary regulatory approvals. The resilience shown during FY2025 is a testament to the team’s dedication to navigating complexities in the financial services sector.
Contact Information
For further details, stakeholders may reach out to the following contacts:
Investor Relations Contact:
Phillipe Welthagen
Email: phillipe.welthagen@lesakatech.com
Mobile: +27 84 512 5393
Media Relations Contact:
Ian Harrison
Email: Ian@thenielsennetwork.com
Frequently Asked Questions
What were the key financial highlights for Lesaka in FY2025?
Lesaka reported a net revenue of $328.7 million, with a notable increase in adjusted EBITDA and improved earnings growth.
What is the outlook for FY2026?
Lesaka has projected significant growth, expecting net revenue to exceed ZAR 6.4 billion and adjusted earnings per share to exceed ZAR 4.60.
How did Lesaka perform in Q4 2025?
In Q4, Lesaka achieved a net revenue of $82.0 million, with substantial year-on-year growth in adjusted EBITDA and adjusted earnings.
What are the non-GAAP financial measures mentioned?
Non-GAAP measures include metrics like adjusted EBITDA, which reflect the company's operational performance excluding certain non-core costs.
Who should stakeholders contact for more information?
For investor inquiries, you can contact Phillipe Welthagen via email, and for media inquiries, reach out to Ian Harrison.
