Lesaka Technologies reported fiscal 2026 revenue of $721.6 million, compared with $659.7 million in fiscal 2025, as the South African fintech company generated substantial growth in net revenue, adjusted EBITDA, and adjusted earnings.
Net revenue increased 20% to $374.9 million from $291.2 million.
Operating income improved to $12.7 million from a loss of $28 million, while net income attributable to Lesaka reached $2.8 million compared with a $91 million loss in the prior year. The result represented Lesaka’s first full year of GAAP profitability since the company was effectively created in 2022.
Group adjusted EBITDA increased 41% to $75.7 million from $49.8 million. Adjusted earnings increased 229% to $32.2 million, while adjusted EPS increased 210% to $0.39 from $0.12.
Consumer revenue increased 38% to $142.6 million, while Consumer adjusted EBITDA increased 78% to $46.2 million.
Enterprise revenue increased 62% to $74.7 million. Enterprise net revenue increased 40% to $54.2 million, while segment adjusted EBITDA increased 474% to $8.1 million.
Fourth-quarter revenue was $188.3 million, net income attributable to Lesaka was $3.2 million, and adjusted EBITDA increased 22% to $22.3 million. Adjusted EPS increased to $0.15 from $0.05.
For fiscal 2027, Lesaka expects net revenue of ZAR 7 billion to ZAR 7.7 billion, group adjusted EBITDA of ZAR 1.45 billion to ZAR 1.6 billion, and adjusted EPS of ZAR 7.50 to ZAR 8.50.
The guidance includes the expected impact of the pending Bank Zero acquisition, subject to regulatory approval, but excludes potential unannounced acquisitions.
Lesaka is targeting an adjusted EPS compound annual growth rate exceeding 40% over the next three years.
KEY QUOTES:
“I am delighted that Lesaka delivered on all of its FY2026 guidance metrics, exceeded the top end of our Adjusted EPS guidance range and achieved full-year GAAP profitability for the first time since Lesaka was effectively created in 2022. FY2026 was a milestone year for Lesaka, and we enter FY2027 with real momentum and a platform built for strong, sustainable growth. Looking ahead, I am pleased to share our medium-term ambitions, which includes Adjusted EPS CAGR in excess of 40% over the next three years.”
Ali Mazanderani, Executive Chairman of Lesaka Technologies
