Lesaka Technologies, Inc. ( (LSAK) ) has released its Q3 earnings. Here is a breakdown of the information Lesaka Technologies, Inc. presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Lesaka Technologies, Inc., a South African fintech company, provides financial services and software to underserved consumers and merchants in Southern Africa through a comprehensive multi-product platform.
In its third-quarter fiscal 2025 report, Lesaka Technologies, Inc. announced that it met its revenue guidance and reaffirmed its fiscal year 2025 outlook, while also projecting a positive net income for fiscal year 2026.
Key financial highlights for Q3 2025 include a revenue of $135.7 million, with net revenue increasing by 43% to $73.4 million compared to the previous year. Despite a net loss of $22.1 million, largely due to a non-operating charge, the company saw a 29% improvement in Group Adjusted EBITDA. The Consumer Division showed strong growth with a 32% increase in revenue, while the Merchant Division faced a 10% revenue decline.
Looking ahead, Lesaka Technologies anticipates a revenue range of ZAR 10.0 billion to ZAR 11.0 billion for FY2025 and expects further growth in FY2026 with projected revenue between ZAR 11.4 billion and ZAR 12.2 billion. The company remains optimistic about achieving positive net income in FY2026, reflecting a strategic focus on enhancing financial performance.