Lesaka Reports Strong Fiscal 2026 Earnings with Revenue Growth Across Segments
Lesaka (LSAK) reported strong financial results for fiscal year 2026, driven by growth in its Consumer and Enterprise segments. Net revenue reached ZAR 6.33 billion, a 20% increase from the previous year. Group Adjusted EBITDA rose to ZAR 1.27 billion, up 41%, while adjusted EPS exceeded guidance at ZAR 6.51 compared to ZAR 2.10 in fiscal 2025. The company achieved its first full-year GAAP profitability since reorganizing in 2022 with a net income of ZAR 39.8 million. The leverage ratio improved significantly, dropping from 2.9 times to 1.9 times EBITDA. Consumer revenue grew by 38%, supported by customer base expansion and cross-selling initiatives. Merchant segment performance was mixed, with ZAR 3.1 billion in net revenue but a decline in ARPU due to lower take rates among community merchants. Enterprise revenue surged 40% as the division became more significant through increased volumes in ADP and utilities.
Tickers: $LSAK
Topics: customer_growth ebitda profitability revenue