Lesaka Technologies, Inc. ( (LSAK) ) has released its Q1 earnings. Here is a breakdown of the information Lesaka Technologies, Inc. presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Lesaka Technologies, Inc. is a South African fintech company that provides financial services, software, and business solutions to underserved consumers and merchants in Southern Africa, offering a comprehensive platform for transactional accounts, lending, insurance, and more. In its latest earnings report, Lesaka Technologies announced a 10% year-on-year increase in revenue for the first quarter of fiscal 2026, reaching $171.5 million. The company also reported a significant improvement in net revenue, operating income, and adjusted earnings per share, despite a net loss of $4.3 million. Key financial highlights include a 45% increase in net revenue and a 61% rise in Group Adjusted EBITDA, achieving the guidance set for the quarter. The Merchant and Consumer segments showed robust growth, with revenues up by 43% and 43% respectively, while the Enterprise segment saw a 19% increase in net revenue. Looking ahead, Lesaka Technologies reaffirms its fiscal 2026 outlook, expecting positive net income and substantial growth in adjusted earnings per share. The company remains focused on expanding its fintech offerings and enhancing its market presence in Southern Africa.