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LESAKA TECHNOLOGIES INC
LSAKCIK 0001041514NasdaqAcceleratedFunctions Related To Depository Banking, NecFloridaFY ends Jun 30
Period
FY 2025
Revenue
$659.70M
Net Income
$-87.50M
Total Assets
$653.71M
Equity
$165.59M
Shares Out
85.74M
Op. Cash Flow
$-9.12M
Business
Lesaka Technologies enables underserviced consumers and businesses in southern Africa to manage daily financial activities through a diversified ecosystem. The company offers specialized banking, credit, insurance and payout solutions to over 2 million consumers; payment acceptance and cash management solutions to over 125,000 merchants; and proprietary network capabilities to over 750 enterprises. Lesaka operates through three reportable segments—Consumer, Merchant, and Enterprise—across five countries including South Africa, Namibia, Botswana, Zambia, and Kenya, using on-the-ground sales teams and digital engagement to serve underserviced markets.
Summary from 10-K filed 2025-09-29
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| REVENUE (Note 16) | 660 | 564 | 528 | 223 | 131 | |
| Cost of goods sold, IT processing, servicing and support, exclusive of depreciation and amortization shown separately below | 487 | 443 | 418 | 168 | 96 | |
| Selling, general and administration, exclusive of depreciation and amortization shown separately below | 132 | 92 | 95 | 75 | 84 | |
| Depreciation and amortization | 34 | 24 | 24 | 8 | 4 | |
| Transaction costs related to Adumo, Recharger and Bank Zero acquisitions and certain compensation costs (Note 3) | 16 | 2 | 0 | — | — | |
| Impairment loss (Note 10) | 19 | 0 | 7 | 0 | 0 | |
| OPERATING (LOSS) INCOME | −27 | 4 | −15 | −40 | −54 | |
| CHANGE IN FAIR VALUE OF EQUITY SECURITIES (Note 6 and 9) | −60 | 0 | 0 | 0 | 49 | |
| LOSS ON DISPOSAL OF EQUITY-ACCOUNTED INVESTMENT (Note 9) | 161,000 | 0 | 205,000 | 376,000 | 13,000 | |
| REVERSAL OF ALLOWANCE FOR DOUBTFUL EMI DEBT RECEIVABLE (Note 9) | 0 | 250,000 | 0 | 0 | — | |
| INTEREST INCOME | 3 | 2 | 2 | 2 | 2 | |
| INTEREST EXPENSE | 21 | 19 | 19 | 6 | 3 | |
| LOSS BEFORE INCOME TAX (BENEFIT) | −106 | −13 | −32 | −40 | −6 | |
| INCOME TAX (BENEFIT) EXPENSE (Note 18) | −18 | 3 | −2 | 327,000 | 8 | |
| LOSS BEFORE EARNINGS (LOSS) FROM EQUITY-ACCOUNTED INVESTMENTS | −88 | −16 | −30 | −40 | −13 | |
| EARNINGS (LOSS) FROM EQUITY-ACCOUNTED INVESTMENTS (Note 9) | 114,000 | −1 | −5 | −4 | −25 | |
| NET LOSS FROM CONTINUING OPERATIONS | −88 | −17 | −35 | −44 | −38 | |
| ADD NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST | 130,000 | 0 | 0 | — | 0 | |
| NET LOSS ATTRIBUTABLE TO LESAKA | −88 | −17 | −35 | −44 | −38 | |
| Basic loss attributable to Lesaka shareholders | −1.14 | −0.27 | −0.56 | −0.75 | −0.67 | |
| Diluted loss attributable to Lesaka shareholders | −1.14 | −0.27 | −0.56 | −0.75 | −0.67 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 77 | 59 | 35 | 44 | 199 | |
| Restricted cash related to ATM funding and short-term credit facilities (Note 12) | 119,000 | 7 | 23 | 61 | 25 | |
| Accounts receivable, net and other receivables (Note 4) | 43 | 37 | 26 | 29 | 27 | |
| Finance loans receivable, net (Note 4) | 74 | 44 | 37 | 34 | 21 | |
| Inventory (Note 5) | 24 | 18 | 27 | 34 | 22 | |
| Total current assets before settlement assets | 217 | 165 | 148 | 202 | 294 | |
| Settlement assets | 27 | 23 | 15 | 16 | 466,000 | |
| Total current assets | 244 | 188 | 164 | 218 | 294 | |
| PROPERTY, PLANT AND EQUIPMENT, NET (Note 7) | 45 | 32 | 27 | 25 | 7 | |
| OPERATING LEASE RIGHT-OF-USE (Note 8) | 10 | 7 | 5 | 7 | 5 | |
| EQUITY-ACCOUNTED INVESTMENTS (Note 9) | 199,000 | 206,000 | 3 | 6 | 10 | |
| GOODWILL (Note 10) | 199 | 139 | 134 | 163 | 29 | |
| INTANGIBLE ASSETS, NET (Note 10) | 139 | 111 | 122 | 157 | 357,000 | |
| DEFERRED TAX ASSETS, NET | 13 | 3 | 10 | 4 | 622,000 | |
| OTHER LONG-TERM ASSETS, including equity securities (Note 9 and 11) | 4 | 78 | 78 | 78 | 82 | |
| TOTAL ASSETS | 654 | 558 | 542 | 657 | 428 | |
| Short-term credit facilities for ATM funding (Note 12) | 0 | 7 | 23 | 51 | 14 | |
| Short-term credit facilities (Note 12) | 24 | 9 | 9 | 15 | 0 | |
| Accounts payable | 20 | 17 | 12 | 19 | 7 | |
| Other payables (Note 13) | 72 | 56 | 36 | 34 | 28 | |
| Operating lease liability - current (Note 8) | 4 | 2 | 2 | 2 | 3 | |
| Current portion of long-term borrowings (Note 12) | 12 | 16 | 4 | 142 | 0 | |
| Income taxes payable | 1 | 654,000 | 1 | 2 | 256,000 | |
| Total current liabilities before settlement obligations | 134 | 108 | 87 | 131 | 52 | |
| Settlement obligations | 27 | 22 | 15 | 15 | 466,000 | |
| Total current liabilities | 160 | 130 | 102 | 146 | 52 | |
| DEFERRED TAX LIABILITIES, NET | 34 | 38 | 47 | 54 | 10 | |
| OPERATING LEASE LIABILITY - LONG TERM (Note 8) | 6 | 5 | 3 | 5 | 2 | |
| LONG-TERM BORROWINGS (Note 12) | 189 | 127 | 129 | 135 | 0 | |
| OTHER LONG-TERM LIABILITIES, including insurance policy liabilities (Note 11) | 3 | 3 | 2 | 2 | 3 | |
| TOTAL LIABILITIES | 392 | 303 | 283 | 342 | 67 | |
| REDEEMABLE COMMON STOCK (Note 14) | 89 | 79 | 79 | 79 | 85 | |
| COMMON STOCK (Note 14) Authorized: 200,000,000 with $0.001 par value; Issued and outstanding shares, net of treasury - 2025: 81,249,097; 2024: 64,272,243 | 103,000 | 83,000 | 83,000 | 83,000 | 80,000 | |
| PREFERRED STOCK Authorized shares: 50,000,000 with $0.001 par value; Issued and outstanding shares, net of treasury: 2025: - ; 2024: - | — | — | — | — | — | |
| ADDITIONAL PAID-IN-CAPITAL | 427 | 344 | 336 | 328 | 302 | |
| TREASURY SHARES, AT COST: 2025: 29,934,044; 2024: 25,563,808 | −299 | −290 | −288 | −287 | −287 | |
| ACCUMULATED OTHER COMPREHENSIVE LOSS (Note 15) | −186 | −188 | −196 | −169 | −146 | |
| RETAINED EARNINGS | 223 | 310 | 328 | 363 | 407 | |
| TOTAL LESAKA EQUITY | 166 | 176 | 179 | 235 | 276 | |
| NON-CONTROLLING INTEREST | 7 | 0 | 0 | 0 | 0 | |
| TOTAL EQUITY | 172 | 176 | 179 | 235 | 276 | |
| TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND SHAREHOLDERS' EQUITY | 654 | 558 | 542 | 657 | 428 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 34 | 24 | 24 | 8 | 4 | |
| Impairment loss (Note 10) | 19 | 0 | 7 | 0 | 0 | |
| Movement in allowance for credit losses | 8 | 5 | 6 | 2 | — | |
| Fair value adjustment related to financial liabilities | −120,000 | −853,000 | −20,000 | −466,000 | 840,000 | |
| Loss (Profit) on disposal of property, plant and equipment | 13,000 | −305,000 | −468,000 | −3 | 480,000 | |
| Stock-based compensation charge (Note 17) | 10 | 8 | 7 | 3 | 344,000 | |
| (Earnings) Loss from equity-accounted investments (Note 9) | −114,000 | 1 | 5 | 4 | 25 | |
| Movement in allowance for doubtful loans to equity-accounted investments | 0 | −250,000 | 0 | 38,000 | 5 | |
| Dividends received from equity-accounted investments | 96,000 | 95,000 | 42,000 | 155,000 | 194,000 | |
| Interest payable | 5 | 1 | 5 | 9,000 | −1,000 | |
| Facility fee amortized (Note 12) | 429,000 | 443,000 | 864,000 | 251,000 | 0 | |
| Decrease (Increase) in accounts receivable (Note 20) | 1 | −11 | −2 | 11 | 7 | |
| Increase in finance loans receivable (Note 20) | −35 | −10 | −12 | −2 | −3 | |
| Decrease in inventory | 169,000 | 10 | 2 | −5 | 1 | |
| (Decrease) Increase in accounts payable and other payables | −13 | 22 | 2 | −9 | −335,000 | |
| Deferred consideration due to seller of Recharger included in accounts payable and other payables (Note 3 and Note 13) | 14 | 0 | 0 | — | — | |
| Increase (Decrease) in income taxes payable | 485,000 | −400,000 | −800,000 | 1 | −17 | |
| Deferred tax expense (benefit) | −24 | −3 | −9 | −2 | 5 | |
| Net cash (used in) provided by operating activities | −9 | 29 | 410,000 | −37 | −58 | |
| Capital expenditures | −17 | −13 | −16 | −5 | −4 | |
| Proceeds from disposal of property, plant and equipment | 2 | 2 | 1 | 4 | 571,000 | |
| Acquisition of intangible assets | −4 | −294,000 | −419,000 | 0 | 0 | |
| Proceeds from disposal of equity securities (Note 6 and 9) | 16 | 0 | 0 | 720,000 | 0 | |
| Acquisitions, net of cash acquired (Note 3) | −13 | −2 | 0 | −202 | 0 | |
| Proceeds from disposal of equity-accounted investment (Note 9) | 0 | 4 | 656,000 | 865,000 | 0 | |
| Repayment of loans by equity-accounted investments | 0 | 250,000 | 112,000 | 0 | 134,000 | |
| Loans to equity-accounted investment (Note 9) | 0 | 0 | −112,000 | 0 | −1 | |
| Net change in settlement assets | 4 | −7 | −2 | −4 | 8 | |
| Net cash used in investing activities | −11 | −16 | −16 | −194 | 48 | |
| Proceeds from bank overdraft (Note 12) | 99 | 183 | 520 | 571 | 360 | |
| Repayment of bank overdraft (Note 12) | −90 | −200 | −547 | −525 | −365 | |
| Long-term borrowings utilized (Note 12) | 190 | 24 | 24 | 79 | 0 | |
| Repayment of long-term borrowings (Note 12) | −150 | −20 | −18 | −6 | 0 | |
| Non-refundable deal origination fees/guarantee fees (Note 12) | −970,000 | 0 | −100,000 | −1 | 0 | |
| Acquisition of treasury stock | −14 | −1 | −1 | 0 | 0 | |
| Proceeds from exercise of stock options | 116,000 | 165,000 | 481,000 | 759,000 | 53,000 | |
| Dividends paid to non-controlling interest | −432,000 | 0 | 0 | — | 0 | |
| Net change in settlement obligations | −4 | 7 | 2 | 4 | −8 | |
| Net cash provided by (used in) financing activities | 30 | −7 | −19 | 122 | −13 | |
| Effect of exchange rate changes on cash | 1 | 2 | −11 | −10 | 15 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 11 | 7 | −46 | −119 | −9 |
Filings
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Frequently asked questions
What is LESAKA TECHNOLOGIES INC's CIK number?
LESAKA TECHNOLOGIES INC's SEC CIK number is 0001041514 (1041514). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find LESAKA TECHNOLOGIES INC's SEC filings?
All of LESAKA TECHNOLOGIES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did LESAKA TECHNOLOGIES INC last report earnings?
LESAKA TECHNOLOGIES INC (LSAK) most recently filed an earnings 8-K with the SEC on May 18, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001062993-26-002769). This is LESAKA TECHNOLOGIES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is LESAKA TECHNOLOGIES INC's most recent earnings 8-K?
LESAKA TECHNOLOGIES INC's latest earnings 8-K (Item 2.02) was filed May 18, 2026 under accession 0001062993-26-002769. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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