Record Revenue Growth
Net revenue for Q1 fiscal 2026 reached ZAR 1.53 billion, marking a 45% increase year-on-year.
Strong Group Adjusted EBITDA Increase
Group adjusted EBITDA grew by 61% year-on-year to ZAR 271 million, reflecting improved financial performance.
Consumer Division Performance
The Consumer division saw a 43% year-on-year increase in net revenue, with adjusted EBITDA increasing 90% to ZAR 150 million.
Enterprise Division Restructuring Success
Enterprise delivered ZAR 22 million in segment adjusted EBITDA, a 241% increase year-on-year, following significant restructuring efforts.
Merchant Division Expansion
Merchant division net revenue increased by 43%, driven primarily by the acquisition of Adumo, with segment adjusted EBITDA up 20%.
Reduction in Net Debt to EBITDA Ratio
Net debt to adjusted EBITDA ratio improved from 2.9x last quarter to 2.5x, indicating better financial management.
Successful Consumer Market Expansion
Active consumer base grew by 24% to over 1.9 million, with ARPU increasing 13% year-on-year to ZAR 89.