Lesaka Technologies, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $402.5M
- Price
- $4.69
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.43%
- Volume
- 415.9K
About
Lesaka Technologies, Inc. is a prominent financial technology firm specializing in delivering essential fintech solutions to individuals and small businesses who are either unbanked or underbanked. While its primary focus is on South Africa, the company also serves international markets. Central to its strategy, Lesaka develops advanced payment technologies designed to facilitate a wide array of financial and value-added services for its diverse customer base. The company's operations are strategically divided into three core segments: Processing, Financial Services, and Technology. The Processing segment handles the end-to-end management of transaction data, including its collection, secure transmission, and efficient retrieval for clients. Through its Financial Services segment, Lesaka offers direct financial products such as bank accounts, various loan types (including short-term credit), and life insurance options. The Technology segment is responsible for the sale of hardware like point-of-sale (POS) devices, SIM cards, and other critical consumables, in addition to licensing the company's proprietary technology and providing associated technical services. Originally incorporated in 1997, the company, headquartered in Johannesburg, South Africa, was formerly known as Net 1 UEPS Technologies, Inc. It officially adopted the name Lesaka Technologies, Inc. in May 2022.
Quick stats
Shares outstanding85.8M
Computed float56.8M
Float / shares66.1%
Key info
SectorTechnology
IndustrySoftware - Infrastructure
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001041514
Websitehttps://www.lesakatech.com
AI Summary
AI-generated1/8
majorbullishearnings
Lesaka’s FY2026 Results: Lesaka delivers FY2026 guidance across all metrics, exceeds Adjusted EPS range and achieves GAAP profitability
Lesaka delivered on all FY2026 guidance metrics, exceeded the top end of its Adjusted EPS range, and posted its first full-year GAAP profitability since the company was created in 2022 — FY2026 net income of $2.8M versus a $91.0M loss a year earlier, with Adjusted EPS of $0.39 up 210% from $0.12.
FY2026 revenue was $721.6M, up 1.7% in USD, but Net Revenue (non-GAAP) rose 20% to $374.9M and Group Adjusted EBITDA climbed 41% to $75.7M. Growth was driven by Consumer (+38%) and Enterprise (+62%), which offset a 10% decline in Merchant revenue.
Guidance for FY2027 (in ZAR): Net Revenue of ZAR 7.0B-7.7B, Group Adjusted EBITDA of ZAR 1.45B-1.60B, and Adjusted EPS of ZAR 7.50-8.50, with management targeting Adjusted EPS CAGR above 40% over the next three years.
Caveats: prior-period filings since June 30, 2025 were revised to correct intercompany/deferred-tax errors (deemed immaterial), Q1 FY2027 guidance absorbs once-off merchant restructuring costs, and FY2027 guidance assumes the pending Bank Zero acquisition closes with South African Reserve Bank approval.
Red flags
- Merchant segment revenue declined 10% in FY2026 and 14% in Q4, with Q4 merchant segment EBITDA down 33%
- Prior-period 10-K/10-Q filings since June 30, 2025 revised to correct intercompany and deferred income tax errors (concluded immaterial under SAB 99/108)
- Q1 FY2027 guidance reflects seasonality plus expected once-off restructuring costs in the merchant business
- FY2027 guidance includes the pending Bank Zero acquisition, still subject to South African Reserve Bank regulatory approval
- USD GAAP revenue growth of just 1.7% understated by ZAR reporting currency for operational metrics