JSE-listed South African financial technology company Lesaka Technologies has reported a substantial increase in operating income during the third quarter of its 2026 financial year.<\/p>\n\n\n\n
Lesaka Technologies was formerly known as Net 1 UEPS Technologies. Its product ecosystem includes merchant acquiring, lending, insurance, and cash management solutions. <\/p>\n\n\n\n
For the quarter ending 31 March 2026, the company’s operating income reached R65.01 million, up 804% from the R7.19 million of the same period last year.<\/p>\n\n\n\n
Lesaka’s net income in Q3 2026 was R8.38 million, a substantial swing from a R409.79 million loss in Q3 2025. <\/p>\n\n\n\n
The improvement was supported by net revenue growing by 16% from roughly R1.36 billion to R1.58 billion. <\/p>\n\n\n\n
Lesaka has three main divisions \u2014 Merchant, Consumer, and Enterprise. The largest segment \u2014 Merchant \u2014 saw a decline in revenue of 13%.<\/p>\n\n\n\n
However, this was offset by significant improvements in Enterprise, where revenue grew 78%, while the Consumer division’s revenue also grew 41%. <\/p>\n\n\n\n
The group’s adjusted Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) increased 45%.<\/p>\n\n\n\n
Lesaka’s adjusted earnings per share was R1.80, an increase of over 200% year-on-year. Basic earnings per share swung from a R5.15 loss in Q3 2025 to a positive R0.17 in Q3 2026. <\/p>\n\n\n\n
Lesaka chairman Ali Mazanderani said the company had built a diversified platform with multiple levers of sustainable growth, positioning it exceptionally well for the years to come.<\/p>\n\n\n\n
For the 2026 financial year, Lesaka expected its net income to be positive, supported by net revenue between R6.2 billion and R6.5 billion.<\/p>\n\n\n\n
Lesaka also anticipated that Group Adjusted EBITDA will be between R1.25 billion and R1.35 billion, while adjusted earnings per share will be between R5.50 and R6.00.<\/p>\n\n\n\n
It should be noted that this guidance excluded the impact of the announced acquisition of Bank Zero, which is subject to regulatory approvals and other customary closing conditions.<\/p>\n\n\n\n
| <\/th> | Q3 2025<\/th> | Q3 2026<\/th> | Change<\/th><\/tr><\/thead> | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue<\/td> | R2.987 billion<\/td> | R2.994 billion<\/td> | +0.2%<\/mark><\/strong><\/td><\/tr>| Net revenue<\/td> | R1.357 billion<\/td> | R1.576 billion<\/td> | +16%<\/strong><\/mark><\/td><\/tr> | Operating income<\/td> | R7.188 million<\/td> | R65.013 million<\/td> | +804%<\/strong><\/mark><\/td><\/tr> | Net income or (loss)<\/td> | (R409.79 million)<\/td> | R8.383 million<\/td> | Not measured<\/strong><\/td><\/tr> | Group Adjusted EBITDA<\/td> | R233.026 million<\/td> | R337.071 million<\/td> | +45%<\/mark><\/strong><\/td><\/tr> | Basic Earnings or (loss) per share<\/td> | (R5.15)<\/td> | R0.17<\/td> | Not measured<\/strong><\/td><\/tr> | Adjusted Earnings per share<\/td> | R0.52<\/td> | R1.80<\/td> | +247%<\/mark><\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n","protected":false},"excerpt":{"rendered":" | The company formerly known as Net 1 UEPS Technologies is on track to report its first annual profit since its rebranding in 2022.<\/p>\n","protected":false},"author":341042,"featured_media":605520,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[69026,98674,48295,96862,84553,105058],"class_list":["post-645925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-adumo","tag-ali-mazanderani","tag-bank-zero","tag-lesaka","tag-lesaka-technologies","tag-net-1-ueps-technologies"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/645925"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341042"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=645925"}],"version-history":[{"count":12,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/645925\/revisions"}],"predecessor-version":[{"id":645958,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/645925\/revisions\/645958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/605520"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=645925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=645925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=645925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |