Lesaka Q3 EBITDA Surges 45% to ZAR337 Million, Full-Year EPS Guidance to ZAR5.50–6.00
Lesaka posted Q3 FY2026 net revenue of ZAR1.576 billion, up 16% year-on-year, and Group Adjusted EBITDA of ZAR337 million, a 45% gain driving operating income to ZAR65 million. Net income turned positive at ZAR8.4 million (Basic EPS ZAR0.17), and full-year Adjusted EPS guidance rose to ZAR5.50–6.00.
1. Q3 FY2026 Financial Highlights
In Q3 FY2026, Lesaka achieved net revenue of ZAR1.576 billion, up 16% year-on-year, and Group Adjusted EBITDA grew 45% to ZAR337 million. Operating income rose to ZAR65 million from ZAR7.2 million, net income turned positive at ZAR8.4 million, and Basic EPS was ZAR0.17 with Adjusted EPS at ZAR1.80.
2. Segment Performance Details
Merchant segment net revenue declined 4% to USD45.9 million with adjusted EBITDA rising 3% to USD9.2 million. Consumer revenue surged 41% to USD38.3 million, driving EBITDA up 81% to USD13.0 million, while Enterprise revenue jumped 78% to USD19.0 million and EBITDA soared over 1,300% to USD2.1 million.
3. FY2026 Guidance Raised
For FY2026 ending June 30, Lesaka expects net revenue of ZAR6.2–6.5 billion, Group Adjusted EBITDA of ZAR1.25–1.35 billion and Adjusted EPS of ZAR5.50–6.00. Management also forecasts net income attributable to Lesaka to be positive for the full year.
4. Bank Zero Acquisition Note
Lesaka’s guidance excludes the pending Bank Zero acquisition, which remains subject to regulatory approvals and customary closing conditions, as well as any future unannounced mergers or acquisitions.