Lesaka Delivers Strong Q1 FY2026 Results, Reaffirms Full-Year Growth Outlook
The South African fintech firm reported revenue of $171.5 million (ZAR 3.0 billion), representing a 10% year-on-year increase in local currency.
Lesaka Technologies Inc. has announced its financial results for the first quarter of fiscal year 2026, achieving its guidance and reaffirming its positive outlook for the year. The South African fintech firm reported revenue of $171.5 million (ZAR 3.0 billion), representing a 10% year-on-year increase in local currency. Net revenue rose by 45% to $86.6 million (ZAR 1.5 billion), while group adjusted EBITDA surged 61% to $15.3 million (ZAR 270.6 million), aligning with company expectations.
Lesaka’s operating income improved to $0.4 million (ZAR 6.7 million) from a loss in the same quarter last year. The company’s net loss narrowed to $4.3 million (ZAR 75.9 million), a 6% improvement year-on-year. Adjusted earnings grew sharply to $5 million (ZAR 87.3 million), up 150%, and adjusted earnings per share nearly doubled to $0.06 (ZAR 1.07).
By segment, Lesaka’s Merchant division generated $127 million (ZAR 2.2 billion) in revenue and achieved a 43% rise in net revenue. The Consumer segment posted a 43% revenue increase to $30.6 million (ZAR 539 million), while the Enterprise segment delivered $14.9 million (ZAR 261.9 million) with net revenue up 19%.
Looking ahead, Lesaka expects second-quarter net revenue between ZAR 1.575 billion and ZAR 1.725 billion, with group adjusted EBITDA projected between ZAR 280 million and ZAR 320 million. For the full fiscal year ending June 2026, the company reaffirmed its guidance, forecasting net revenue of ZAR 6.4–6.9 billion and adjusted EBITDA between ZAR 1.25–1.45 billion. Lesaka also anticipates posting a positive net income and adjusted earnings per share of at least ZAR 4.60 — more than doubling year-on-year.
The company noted that its FY2026 guidance excludes the impact of the pending acquisition of Bank Zero, which remains subject to regulatory approval. Lesaka continues to strengthen its position as a key fintech enabler across Southern Africa, leveraging its digital ecosystem to serve consumers and merchants in underserved markets.
