Lesaka Technologies Earnings Call Transcripts
Fiscal Year 2026
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Net revenue grew 16% year-over-year, with adjusted EBITDA up 45% and strong cash generation. Consumer and Enterprise divisions delivered record results, while Merchant margins improved despite a revenue dip. FY 2026 guidance was raised for EPS and tightened for revenue and EBITDA.
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Q2 saw strong year-over-year growth in revenue, EBITDA, and earnings per share, driven by robust consumer and enterprise performance, strategic exits, and operational efficiencies. Guidance for Q3 and FY26 points to continued double-digit growth, with further upside expected from the Bank Zero integration.
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Q1 FY2026 saw net revenue rise 45% and adjusted EBITDA up 61% year-over-year, with all divisions delivering strong growth. Guidance for FY2026 is reaffirmed, with continued focus on integration, cost savings, and expansion through acquisitions and product innovation.
Fiscal Year 2025
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FY2025 saw robust growth across all divisions, driven by strategic acquisitions, integration, and operational execution. Guidance for FY2026 targets over 100% EPS growth, with all segments expected to deliver strong contributions. BankZero acquisition and regulatory reforms are set to further enhance capabilities and efficiency.
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Q3 FY2025 saw record growth in consumer and merchant segments, with revenue and EBITDA exceeding guidance. Strategic acquisitions, debt refinancing, and product innovation drove performance, while guidance for FY2026 points to continued double-digit growth and margin expansion.
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Southern Africa's fintech market offers significant growth, with the business targeting expansion through organic growth, market share gains, and disciplined M&A. Strong financial performance, a broad product suite, and a technology-led, network-neutral strategy underpin its position as a leading consolidator and disruptor.
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Q2 FY2025 saw strong growth, with net revenue up 42% and EBITDA up 26% year-on-year, driven by the adumo acquisition and robust Consumer and Merchant Division performance. FY2025 and FY2026 guidance was reaffirmed, with significant growth expected and further debt optimization planned.
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Revenue and EBITDA met guidance midpoints, with net revenue up 16% year-on-year and strong growth in both consumer and merchant segments. Integration of Adumo and new product launches are expected to drive further scale and profitability in FY25.
Fiscal Year 2024
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Group-adjusted EBITDA rose 55% to ZAR 691 million, with operating income turning positive and strong growth in both merchant and consumer segments. FY 2025 guidance targets 30–45% EBITDA growth, with major acquisitions set to drive further scale and market expansion.