Wrap Text
Lesaka’s Q3 FY2026 Results: Achieves upper end of profitability guidance and raises FY2026 Adjusted EPS guidance
Lesaka Technologies, Inc.
Registered in the state of Florida, USA
(IRS Employer Identification No. 98-0171860)
Nasdaq share code: LSAK
JSE share code: LSK
LEI: 529900J4IZMWV4RDEB07
ISIN: US64107N2062
("Lesaka," or the "Company")
Lesaka's Q3 FY2026 Results: Achieves upper end of profitability guidance and raises FY2026 Adjusted EPS guidance
JOHANNESBURG, May 7, 2026 – Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the third quarter of
fiscal 2026 ("Q3 2026").
Q3 2026 performance1:
All growth rates are year-on-year between Q3 FY2026 and Q3 FY2025 in ZAR.
Group Level USD ZAR
(In thousands, except per (In thousands, except per
share data) share data)
Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 YoY%
Revenue 183,051 161,450 2,994,536 2,987,226 0.2%
Net Revenue(2) 96,368 73,367 1,576,015 1,357,159 16%
Operating Income(3) 4,085 366 65,013 7,188 804%
Net Income (Loss)(3) 552 (22,353) 8,383 (409,790) nm
Group Adjusted EBITDA(2)(3) 20,612 12,594 337,071 233,026 45%
Basic Earnings (Loss) per Share(3) 0.01 (0.28) 0.17 (5.15) nm
Adjusted Earnings(2)(3) 9,077 2,515 148,349 42,917 246%
Adjusted Earnings per Share(2)(3) 0.11 0.03 1.80 0.52 247%
Segment Level USD ZAR
(In thousands) (In thousands)
Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 YoY%
Merchant
Revenue 127,078 128,781 2,079,232 2,382,982 (13%)
Net Revenue(2) 45,926 42,279 751,280 782,191 (4%)
Segment Adjusted EBITDA(3) 9,228 7,900 151,116 146,121 3%
Consumer
Revenue 38,323 24,096 626,514 445,845 41%
Segment Adjusted EBITDA 13,015 6,333 212,537 117,144 81%
Enterprise
Revenue 18,978 9,444 310,481 174,565 78%
Net Revenue(2) 13,447 7,863 219,912 145,289 51%
Segment Adjusted EBITDA 2,125 133 35,047 2,384 1,370%
(1) Average exchange rates applicable for the purpose of translating our results of operations: ZAR 16.77 to $1 for Q3 2026, ZAR
18.40 to $1 for Q3 2025.
(2) Non-GAAP measure. Refer to Attachment A of press release for full reconciliation of non-GAAP measures.
(3) Revised Q3 FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.
Commenting on the results, Lesaka Chairman Ali Mazanderani said, "I am pleased to report another strong quarter for Lesaka as we
continue to improve our profitability. We achieved Group Adjusted EBITDA growth of 45% and an Adjusted Earnings per Share of ZAR
1.80, up more than 200% year-on-year. We have built a diversified platform, with multiple levers of sustainable growth that positions us
exceptionally well for the years to come."
Outlook: Full Fiscal Year 2026 ("FY 2026") guidance
While we report our financial results in USD, we measure our operating performance in ZAR, and as such we provide our guidance
accordingly.
For FY2026, the year ending June 30, 2026, we expect:
• Net Revenue between ZAR 6.2 billion and ZAR 6.5 billion.
• Group Adjusted EBITDA between ZAR 1.25 billion and ZAR 1.35 billion.
• Net Income Attributable to Lesaka to be positive.
• Adjusted earnings per share between ZAR 5.50 and ZAR 6.00.
Our FY2026 guidance excludes the impact of the announced acquisition of Bank Zero (which is subject to regulatory approvals and other
customary closing conditions) and any unannounced mergers and acquisitions that we may conclude.
Management has provided its outlook regarding Net Revenue, Group Adjusted EBITDA and Adjusted earnings per share, which are non-
GAAP financial measures and excludes certain revenue and charges. Management has not reconciled these non-GAAP financial
measures to the corresponding GAAP financial measures because guidance for the various reconciling items is not provided.
Management is unable to provide guidance for these reconciling items because they cannot determine their probable significance, as
certain items are outside of the control of Lesaka and cannot be reasonably predicted since these items could vary significantly from
period to period. Accordingly, reconciliations to the corresponding GAAP financial measures are not available without unreasonable effort.
Earnings Presentation for Q3 FY2026 Results
Our earnings presentation will be posted to the Investor Relations page of our website prior to our earnings call.
Webcast Registration
Link to access the results webcast: https://www.corpcam.com/Lesaka07052026
Participants using the webcast will be able to submit questions during the live Question and Answer session. Link to conference call
dial-in registration via Chorus Call:
https://services.choruscall.it/DiamondPassRegistration/register?confirmationNumber=1737086&linkSecurityString=515af47c8
Dial in details and individual pin to be provided on registration. Participants using the conference call dial-in will be able to ask their
questions during the live Question and Answer session
Following the presentation, an archived version of the webcast will be provided on Lesaka's Investor Relations website.
Headline earnings (loss) per share ("HE(L)PS")
The inclusion of HE(L)PS in this results announcement is a requirement of our listing on the JSE. HE(L)PS basic and diluted is calculated
using net (loss) income which has been determined based on GAAP. Accordingly, this may differ to the headline earnings (loss) per share
calculation of other companies listed on the JSE as these companies may report their financial results under a different financial reporting
framework, including but not limited to, International Financial Reporting Standards.
The table below presents our H E(L)PS for Q3 2026 and Q3 2025:
Q3 Q3
2026 2025
Net income (loss) used to calculate headline earnings (loss) (USD'000) (A) .......................... 2,549 (5,391)
Headline earnings (loss) per share: .......................................................................................
Basic, in USD ................................................................................................................... 0.03 (0.07)
Diluted, in USD ................................................................................................................. 0.03 (0.07)
(A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.
The table below presents our H (L)EPS for F2026 and F2025:
F2026 F2025
Net loss used to calculate headline loss (USD'000) (A) .......................................................... (163) (16,080)
Headline loss per share: ........................................................................................................
Basic, in USD ................................................................................................................... - (0.22)
Diluted, in USD ................................................................................................................. - (0.22)
(A) Revised FY2025 amounts to correct the errors discussed in Note 1 of our Form 10-Q for the period ended March 31, 2026.
Results announcement released in the US and unaudited condensed consolidated financial statements
The full results announcement released in the U.S. and our unaudited condensed consolidated financial statements are available at
https://senspdf.jse.co.za/documents/2026/JSE/ISSE/LSKE/Q3Res2026.pdf and have been published on Lesaka's website at
www.lesakatech.com. Any investment decision by investors and/or shareholders should be based on consideration of the U.S. results
announcement and its recently published unaudited condensed consolidated financial statements.
About Lesaka Technologies, Inc. (www.lesakatech.com)
Lesaka operates a South African fintech company driven by a purpose to provide financial services, software and other business services
to Southern Africa's underserviced consumers and merchants. We offer an integrated and holistic multiproduct platform that provides
transactional accounts, lending, insurance, merchant acquiring, cash management, software and Alternative Digital Products ("ADP").
We provide targeted solutions and integrations to facilitate payments between consumers, merchants, and enterprises. By providing a
full-service fintech platform in our connected ecosystem, we facilitate the digitization of commerce in our markets.
Lesaka has a primary listing on NASDAQ (NASDAQ:LSAK) and a secondary listing on the Johannesburg Stock Exchange (JSE: LSK).
Visit www.lesakatech.com for additional information about Lesaka.
Forward-Looking Statements
This press release contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are
subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended. Such
statements may be identified by their use of terms or phrases such as "expects," "estimates," "projects," "believes," "anticipates," "plans,"
"could," "would," "may," "will," "intends," "outlook," "focus," "seek," "potential," "mission," "continue," "goal," "target," "objective," derivations
thereof, and similar terms and phrases. Forward-looking statements are based upon the current beliefs and expectations of our
management and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, which could cause
future events and actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
In this press release, statements relating to future financial results and future financing and business opportunities are forward-looking
statements. Additional information concerning factors that could cause actual events or results to differ materially from those in any
forward-looking statement is contained in our Form 10-K for the fiscal year ended June 30, 2025, and our Form 10-Q for the quarter
ended March 31, 2026, as filed with the SEC, as well as other documents we have filed or will file with the SEC. We assume no obligation
to update the information in this press release, to revise any forward-looking statements or to update the reasons actual results could
differ materially from those anticipated in forward-looking statements.
Investor Relations and Media Relations Contacts:
Idris Dungarwalla
Email: idris.dungarwalla@lesakatech.com
Mobile: +44 786 225 4852
Akash Dowra
Email: akash.dowra@lesakatech.com
Mobile: +27 83 235 9750
Media Relations Contact:
Ian Harrison
Email: Ian@thenielsennetwork.com
Johannesburg
May 7, 2026
Sponsor:
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 07-05-2026 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
