Lesaka Technologies Inc
NASDAQ:LSAK
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Lesaka Technologies Inc
et 1 UEPS Technologies, Inc. engages in the provision of financial technology, products and services to unbanked and underbanked individuals and small businesses in South Africa and other emerging economies. The firm offers banking, lending and insurance products to consumers, and cash management solutions, bill payment technology, value-added services, business funding and card acquiring solutions to formal and informal retail merchants. Its flagship product, EasyPay Everywhere, offers low-cost transactional banking solutions and consists of a bank card, unstructured supplementary service data (USSD) and a mobile app. Through Capital Connect, it provides frictionless unsecured, short-term business funding solutions to the South African retail sector. Through Cash Connect, it offers smart retail cash management and payment solutions to small, medium and micro enterprises (SMMEs) in both informal and formal markets.
et 1 UEPS Technologies, Inc. engages in the provision of financial technology, products and services to unbanked and underbanked individuals and small businesses in South Africa and other emerging economies. The firm offers banking, lending and insurance products to consumers, and cash management solutions, bill payment technology, value-added services, business funding and card acquiring solutions to formal and informal retail merchants. Its flagship product, EasyPay Everywhere, offers low-cost transactional banking solutions and consists of a bank card, unstructured supplementary service data (USSD) and a mobile app. Through Capital Connect, it provides frictionless unsecured, short-term business funding solutions to the South African retail sector. Through Cash Connect, it offers smart retail cash management and payment solutions to small, medium and micro enterprises (SMMEs) in both informal and formal markets.
Guidance Met: Lesaka met its guidance for the 13th consecutive quarter, with Q1 results at or near the guided ranges.
Strong Revenue Growth: Net revenue grew 45% year-on-year to ZAR 1.53 billion, reflecting strength across divisions.
Adjusted EBITDA Surge: Group adjusted EBITDA rose 61% year-on-year to ZAR 271 million, hitting the midpoint of guidance.
Profitability Improvement: Adjusted earnings increased 150% to ZAR 87 million, with adjusted EPS nearly doubling to ZAR 1.07.
Consumer Momentum: Active consumers rose 24% to 1.9 million, with ARPU up 13% to ZAR 89 and strong lending and insurance growth.
Merchant Expansion: Merchant TPV more than doubled to ZAR 9.2 billion, supported by the Adumo acquisition and increased device count.
Outlook Reaffirmed: FY '26 annual guidance for net revenue, EBITDA, net income, and adjusted EPS was reaffirmed; Q2 net revenue guided to ZAR 1.575–1.725 billion and EBITDA to ZAR 280–320 million.
Cost Focus: Ongoing consolidation of offices and rationalization across divisions are expected to drive significant cost savings.
