Lesaka revenue rises 9% to $721.55 million in FY26; net income turns to $2.51 million
LSAK•FY26 results and business drivers
- Lesaka posted GAAP net income attributable to shareholders of USD 2.76 million, returning to profit from a prior-year loss.
- Revenue rose 9% to USD 721.55 million, driven by Utilities and MobileMart, higher Consumer transaction, insurance, lending revenue.
- Operating income swung to USD 12.68 million; depreciation and amortization climbed 40% to USD 47.35 million on brand-life changes.
- Non-GAAP Group Adjusted EBITDA increased 52% to USD 75.74 million; Consumer segment contribution jumped 93% to USD 46.19 million.
- Bank Zero deal cleared competition review; long-stop date extended to Jan. 31, 2027, with expected gross debt reduction above ZAR 1 billion.
