LESAKA TECHNOLOGIES INC

Lesaka Technologies' subsidiary, Lesaka SA, extended the deadline for its Transaction Implementation Agreement with Zero Research and Bank Zero Mutual Bank. The original agreement, announced in June 2025, was set to lapse if conditions were not met by August 6, 2026. The new deadline has been moved to January 31, 2027, to allow for the procurement of outstanding regulatory consents.

Lesaka Technologies extended Executive Chairman Ali Mazanderani's employment agreement to June 30, 2029, maintaining his $600,000 annual base salary. Additionally, new South African employment terms were approved, including an annual base salary of ZAR 5,000,000 and a ZAR 4,000,000 travel allowance. The company also granted Mr. Mazanderani an option to purchase 1,000,000 shares at $5.00 per share, subject to shareholder approval and vesting conditions.

Lesaka Technologies, Inc. filed an 8-K to correct previously published headline earnings/(loss) and headline earnings/(loss) per share (HE(L)PS) for Q3 FY2026 and the nine months ended March 31, 2026 and 2025. The correction stems from a reclassification of the "change in fair value of equity securities, net" line item, which was previously excluded but should be included per SAICA Headline Earnings Circular 1/2023. This adjustment does not affect any other reported results.

Lesaka Technologies reported a significant turnaround in the third quarter, with revenue increasing to $183.05 million and net income attributable to Lesaka reaching $0.55 million, compared to a loss in the prior year. Operating income surged over 1000%. For the nine months, the company substantially reduced its net loss and increased revenue. The company also completed acquisitions of Atom Operations and Mobilemart, divested Humble Software, and settled the final tranche of the Recharger acquisition, while also revising previously issued financial statements for certain accounting errors.

Lesaka Technologies, Inc. reported strong financial results for the third quarter of fiscal 2026, achieving the upper end of its profitability guidance. The company saw significant year-on-year growth in Adjusted Earnings per Share and Group Adjusted EBITDA. Following this performance, Lesaka has raised its full-year FY2026 Adjusted Earnings per Share guidance.

Lesaka Technologies reported strong third-quarter fiscal 2026 results, with Group Adjusted EBITDA increasing 45% year-on-year to ZAR 337.1 million and Adjusted Earnings per Share rising 247% to ZAR 1.80. Net Revenue also saw a significant 16% increase to ZAR 1.58 billion. The company highlighted robust performance in its Consumer and Enterprise segments, while the Merchant segment experienced a slight decline in Net Revenue. Lesaka also reaffirmed its positive outlook for the full fiscal year 2026, expecting positive Net Income Attributable to Lesaka and strong Adjusted EPS.