Strong Market Position and Growth Potential
Lesaka Technologies, Inc. estimates its addressable market in South Africa at over $4 billion, expecting it to grow to more than $12 billion in five years, with a projected market growth rate of 10% to 15%. The company aims to increase its market share by targeting more than 10% in the medium term.
Record-High Quarterly Financial Performance
Group net revenue increased by 42% year-on-year, with the merchant segment's net revenue up 68% mainly due to the Adumo acquisition. Group adjusted EBITDA grew by 26% to 212 million Rand, exceeding the upper end of guidance.
Consumer Division Growth
The consumer division saw revenue increase by 31% year-on-year, with segment adjusted EBITDA growing 61%. The active EPE customer base increased by 11% to 1.6 million, with loan originations and insurance policy sales also setting records.
Positive Outlook with Robust EBITDA Guidance
Lesaka Technologies, Inc. provided guidance for FY2026, with group adjusted EBITDA expected to range between 1.25 billion Rand to 1.45 billion Rand, indicating a year-on-year growth of 42% in EBITDA.