South African fintech group, Lesaka Technologies, is expecting to report group adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) between R900 million and R1 billion for the year ending June 30, 2025.
This comes after EBITDA for the second quarter of the 2025 financial year exceeded guidance and improved by 26% from R167.8m to R211.8m.
Lesaka on Thursday said the revenue of R2.6bn for the second quarter of the 2025 financial year was at the upper end of its revenue guidance and compared to R2.7bn in the second quarter of 2024.
Net Revenue (a non-GAAP measure) of R1.4bn was 42% higher than the R968.7m reported during the second quarter of 2024 and at the upper end of the group’s Net Revenue guidance.
However, the operating income of R14.2m was lower than operating income of R42.5m in the comperable period.
The group reported that net loss, including a tax adjusted R485.6m non-operating, non-cash, change in fair value of Mobikwik a non-core asset), increased to R583.7m compared to a net loss of R50.8m in the second quarter of 2024.
GAAP loss per share also increased to R7.32 from 79 cents in Q2 2024.
In spite of this, the company is forecasting the group adjusted EBITDA of between R230m and R260m for the third quarter ending March 31, 2025.
Lesaka's chairman, Ali Mazanderani, said he was pleased that they exceeded their group adjusted EBITDA guidance for the quarter and can re-affirm our FY2025 guidance. We have now delivered on our profitability guidance for 10 successive quarters,” Mazanderani said.
“Our Group Adjusted EBITDA guidance of R1.25bn to R1.45bn for FY2026 demonstrates our continued confidence in the Lesaka platform's scalability.”
For FY2026, the year ending June 30, 2026, Lesaka expects Group Adjusted EBITDA between R1.25bn and R1.45bn.
This includes the impact of Recharger for 12 months in FY2026 and excludes the impact of unannounced mergers and acquisitions that we may conclude.
BUSINESS REPORT