Highest-materiality recent filing
Lesaka extends Executive Chairman's contract to June 2029, grants 1M stock options
Ali Mazanderani's employment agreement extended from Jan 2028 to June 30, 2029; base salary unchanged at $600,000/year.
Lesaka corrects prior headline earnings for Q3 FY2026; prior-year headline loss widens significantly
Correction relates solely to classification of fair value changes on equity securities in headline earnings calculation.
Lesaka Q3 adj EPS $0.11, net rev up 16%, raises FY2026 EPS guidance
Q3 net revenue (ZAR) up 16% YoY; Group Adjusted EBITDA up 45% to ZAR 337M.
Lesaka amends General Banking Facility; total direct facilities ZAR 1.14B
Direct facilities increased to ZAR 1,143,901,000 under Restated GBF Agreement with RMB.
Lesaka boosts Mali's salary, grants ZAR 3.5M bonus; sets FY2026 incentive targets
Lincoln Mali's annual base salary raised to ZAR 8,000,000 (~$503k) effective Feb 1, 2026.
Lesaka posts first positive net income since 2022; Q2 adjusted EBITDA up 47% YoY
Revenue $178.7M (flat YoY USD); net revenue $93.4M (+16% YoY) on Consumer segment growth.
Lesaka shareholders elect all 10 director nominees, approve stock plan amendment
All 10 director nominees elected; broker non-votes of 8,771,999 on each.
Lesaka Q1 FY2026: Net Revenue +45% to $86.6M; Adj EBITDA +61% to $15.3M; beats guidance
Net Revenue (non-GAAP) $86.6M (ZAR 1.5B), up 45% YoY in ZAR; Group Adj EBITDA $15.3M, up 61%.
FY2025 revenue $659.7M (+14% ZAR); Net Revenue $328.7M (+38% ZAR).
Lesaka restates Q1-Q3 FY2025 revenue classification; posts preliminary FY2025 results
Restating unaudited quarterly statements for Sep, Dec, Mar FY2025 due to agent vs principal revenue classification.
Lesaka Technologies restates Q1-Q3 FY2025 financials due to revenue classification error
Unaudited quarterly statements for Sep 30, Dec 31, 2024, and Mar 31, 2025 are restated; prior filings should no longer be relied upon.
Lesaka reports FY2025 Adjusted EBITDA $50.7M (up 33%); guides FY2026 for >100% adjusted EPS growth
FY2025 Net Revenue (non-GAAP) $328.7M, up 38% in ZAR; Group Adjusted EBITDA $50.7M, up 33%.
Lesaka units enter ZAR 400M revolving credit facility with Rand Merchant Bank
CCC and K2020 can borrow up to ZAR 400M (≈$22.7M at USD/ZAR 17.65) for capital advance business and intercompany loan settlement.
Lesaka to acquire digital bank Bank Zero for up to ZAR 1.09B; sellers get ~12% stake
Acquisition consideration: up to ZAR 1,091M ($61.4M) in Lesaka shares (~12% stake) and up to ZAR 91M cash.
Lesaka completes sale of Mobikwik stake for ~$16.3M (ZAR 290M) cash
Net cash proceeds of ZAR 290M (~$16.3M) from sale of entire Mobikwik equity interest on Indian Stock Exchange.
Lesaka Q3 net loss $22.1M on Mobikwik charge; FY2026 guidance projects positive net income
Q3 revenue $135.7M, near midpoint of guidance; Net Revenue $73.4M up 43% in ZAR YoY.
Lesaka refinances existing debt with ZAR 3.86B in new facilities from FirstRand and Investec
Secured ZAR 2.156B term loan (Facility A) due 2029, margin 3.50% above JIBAR initially.
Lesaka beats Q2 Adjusted EBITDA guidance, reaffirms FY2025, sets FY2026 targets
Revenue $146.8M (ZAR2.6B) at upper end of guidance; Net Revenue $77.1M (+42% ZAR YoY).
Lesaka adds ZAR 250M facility, extends ZAR 665M debt maturity to Feb 2025
Additional ZAR 250M unsecured general banking facility at SA Prime + 1.80% (prime 11.25%).
Lesaka completes Adumo acquisition for ~$93.6M; pro forma revenue $619M, net loss $19.1M
Purchase consideration $93.6M includes $80.9M in Lesaka shares and $12.8M cash.
Lesaka shareholders approve all proposals at annual meeting; ESOP to issue 2.49M shares
All 11 director nominees elected, including Kuben Pillay and Ali Mazanderani, with votes ranging from 36.2M to 39.0M.
Lesaka Q1 Revenue $145.5M meets guidance; Adj. EBITDA +12% YoY; FY2025 outlook reaffirmed
Revenue $145.5M (ZAR 2.6B) at midpoint of guidance, up from $136.1M YoY.
Lesaka completes Adumo acquisition for ZAR 1.67B (17.3M shares + ZAR 232M cash)
Total consideration ZAR 1.67B ($96.2M) via 17,279,803 shares and ZAR 232.2M cash.
Lesaka FY2024 revenue $564.2M (+11% ZAR); guides FY2025 EBITDA ZAR 900M-1B
FY2024 revenue $564.2M (ZAR 10.6B); operating income $3.6M vs loss of $15.3M in FY2023.
Lesaka appoints Dan Smith as CFO, Naeem Kola as COO, board changes effective Oct 2024
Dan Smith, a Value Capital Partners Investment Director, appointed GCFO and board member effective Oct 1, 2024.
Lesaka shareholders approve share issuance for Adumo acquisition
Shareholders approved share issuance for Adumo acquisition: 39,191,259 for, 2,093,927 against, 10,316 abstentions.
Lesaka Technologies board member Javed Hamid resigns effective Sept 30, 2024
Javed Hamid notified board of resignation from board and all committees.
Lesaka shareholders approve 4M option grant to Executive Chairman and 3M share plan increase
Shareholders approved grant of 4,000,000 stock options to Executive Chairman Ali Mazanderani; exercise prices $6, $8, $11, $14 per share.
Lesaka Q3 FY2024 revenue $138.2M, net loss $4.0M, Adjusted EBITDA $9.7M beats guided range
Revenue $138.2M (+9% ZAR YoY); operating income $0.8M vs $1.9M loss YoY.
Lesaka acquires Adumo for ZAR 1.59B ($85.9M) in stock and cash; expands fintech platform
Purchase consideration: 17,279,803 Lesaka shares (~$4.25/share implied) plus ZAR 232M ($12.5M) cash.
On September 3, 2024, the Board approved that, on October 1, 2024 ("Effective Date"), Mr. Naeem E. Kola will be appointed to serve as Group Chief Operating Officer ("GCOO") of the Company.
On September 3, 2024, the Board, approved the appointment of Mr. Dean Sparrow, age 49, to the Board as an independent, non-executive director, effective upon completion of the Adumo acquisition,
On September 3, 2024, Mr. Chris Meyer advised Lesaka Technologies, Inc.'s (the "Company") board of directors ("Board") of his intention to resign, effective October 1, 2024, from the Board and all Board committees on which he serves.
On September 3, 2024, the Board approved the appointment of Dan L. Smith, age 52, as GCFO, Treasurer and Secretary of the Company, effective on the Effective Date.
On September 5, 2024, Mr. Monde Nkosi advised the Board of his intention to resign, effective upon completion of the Adumo transaction, from the Board and all Board committees on which he serves.
On September 3, 2024, the Board also appointed Mr. Smith as a director of the Company, also effective from the Effective Date
On June 13, 2024, Mr. Javed Hamid advised Lesaka Technologies, Inc.'s (the "Company") board of directors of his intention to resign, effective September 30, 2024, from the Company's board and all committees on which he serves.
Max materiality 0.85 · Median 0.65 · Most common event earnings