---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-25-001710"
form_type: "8-K"
ticker: "LSAK"
cik: "0001041514"
company_name: "LESAKA TECHNOLOGIES INC"
filed_at: "2025-02-05T23:59:59+00:00"
generated_at: "2026-05-27T02:19:31.132757+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lesaka beats Q2 Adjusted EBITDA guidance, reaffirms FY2025, sets FY2026 targets

## Summary
- Revenue $146.8M (ZAR2.6B) at upper end of guidance; Net Revenue $77.1M (+42% ZAR YoY).
- Group Adjusted EBITDA $11.8M (ZAR211.8M) beat guidance; up 26% in ZAR YoY.
- GAAP net loss $32.1M vs $2.7M loss last year, driven by $26.6M non-cash Mobikwik fair value change.
- Merchant Division Net Revenue up 68% ZAR; Consumer Division Adjusted EBITDA up 61% ZAR.
- FY2026 Group Adjusted EBITDA guidance ZAR1.25B-1.45B; includes Recharger acquisition.

## SEC filing metadata
- accession: 0001062993-25-001710
- form_type: 8-K
- ticker: LSAK
- cik: 0001041514
- company_name: LESAKA TECHNOLOGIES INC
- filed_at: 2025-02-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041514/000106299325001710/0001062993-25-001710-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041514/000106299325001710/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-25-001710
- JSON: https://secwatch.observer/filing/0001062993-25-001710.json
- Plain text: https://secwatch.observer/filing/0001062993-25-001710.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.