What is Lesaka Technologies' operating income?

Lesaka Technologies' total operating income in 2025 was -$27.10 million, based on the following breakdown: Total Gross Profit: $173.16 million Total Operating Expenses: $200.26 million

Lesaka Technologies (LSAK) Financials

$4.75 -0.01 (-0.21%)

Closing price 04:00 PM Eastern

Extended Trading

$4.76 +0.01 (+0.21%)

As of 04:10 PM Eastern

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Annual Income Statements for Lesaka Technologies

This table shows Lesaka Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	95	82	73	0.00	-311	-78	-38	-44	-35	-17	-88
Consolidated Net Income / (Loss)	97	85	75	61	-309	-78	-38	-44	-35	-17	-88
Net Income / (Loss) Continuing Operations	97	85	75	51	-313	-97	-38	-44	-35	-17	-88
Total Pre-Tax Income	140	126	114	95	-319	-65	-5.62	-40	-32	-13	-106
Total Operating Income	129	114	97	54	-135	-44	-54	-40	-15	3.59	-27
Total Gross Profit	328	301	318	216	37	42	35	54	110	122	173
Total Revenue	626	591	610	460	161	144	131	223	528	564	660
Operating Revenue	626	591	610	460	161	144	131	223	528	564	660
Total Cost of Revenue	298	290	292	244	124	102	96	168	418	443	487
Operating Cost of Revenue	298	290	292	244	124	102	96	168	418	443	487
Total Operating Expenses	200	186	221	162	171	86	88	94	126	118	200
Selling, General & Admin Expense	159	146	179	131	145	75	84	75	95	92	132
Depreciation Expense	41	40	41	10	12	4.65	4.35	7.58	24	24	34
Other Operating Expenses / (Income)	-	-	-	-	-	0.00	0.00	0.00	0.00	2.33	16
Impairment Charge	-	-	0.00	21	14	6.34	0.00	0.00	7.04	0.00	19
Total Other Income / (Expense), net	12	12	17	41	-185	14	48	-0.43	-17	-16	-79
Interest Expense	4.46	3.42	3.48	8.57	9.86	7.64	2.98	5.83	19	19	21
Interest & Investment Income	16	15	21	49	5.42	-4.34	2.40	1.71	1.65	2.29	2.44
Other Income / (Expense), net	-	-	0.00	0.00	-180	26	49	3.69	0.00	0.25	-60
Income Tax Expense	44	42	43	45	-5.07	2.66	7.56	0.33	-2.31	3.36	-18
Other Gains / (Losses), net	0.45	0.64	2.81	1.81	1.26	-30	-25	-3.65	-5.12	-1.28	0.11
Net Income / (Loss) Discontinued Operations	-	-	0.00	9.95	4.46	19	0.00	0.00	0.00	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	2.00	2.34	1.69	-0.88	2.35	0.00	0.00	-	0.00	0.00	-0.13
Basic Earnings per Share	$2.03	$1.72	$1.34	$1.10	($5.48)	($1.37)	($0.67)	($0.75)	($0.56)	($0.27)	($1.14)
Diluted Earnings per Share	$2.02	$1.71	$1.33	$1.09	($5.48)	($1.37)	($0.67)	($0.75)	($0.56)	($0.27)	($1.14)

This table shows Lesaka Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-5.65	-2.71	-4.05	-5.04	-4.54	-32	-22	-29	-4.30	3.65	0.55
Consolidated Net Income / (Loss)	-5.90	-2.71	-4.05	-5.04	-4.54	-32	-22	-29	-4.41	3.63	0.44
Net Income / (Loss) Continuing Operations	-5.90	-2.71	-4.05	-11	-4.54	-32	-22	-29	-4.41	3.63	0.44
Total Pre-Tax Income	-3.98	-2.06	-3.16	-3.59	-4.49	-39	-25	-38	-4.56	4.19	1.88
Total Operating Income	0.23	2.27	0.79	0.30	-0.05	0.55	0.37	-28	0.38	2.15	4.09
Total Gross Profit	29	30	30	33	35	44	43	49	53	56	59
Total Revenue	136	144	138	146	154	177	162	168	171	179	183
Operating Revenue	136	144	138	146	154	177	162	168	171	179	183
Total Cost of Revenue	107	114	108	113	119	133	119	120	118	123	124
Operating Cost of Revenue	107	114	108	113	119	131	117	120	118	123	124
Total Operating Expenses	28	27	30	33	35	42	42	77	53	50	53
Selling, General & Admin Expense	23	22	23	25	27	34	33	34	40	36	39
Depreciation Expense	5.86	5.81	5.79	6.21	6.28	8.22	8.43	11	13	14	11
Other Operating Expenses / (Income)	-	0.00	0.63	-	-	-	1.22	-	-	-	0.14
Impairment Charge	-	-	-	-	-	-	0.00	-	-	0.00	2.60
Total Other Income / (Expense), net	-4.46	-4.34	-3.95	-2.32	-4.45	-40	-26	-9.50	-4.94	-2.16	-4.70
Interest Expense	4.91	4.82	4.58	4.62	5.03	6.27	5.87	4.47	4.90	4.59	4.48
Interest & Investment Income	0.45	0.49	0.63	2.05	0.59	-	-	0.64	-0.05	0.51	1.15
Other Income / (Expense), net	-	0.00	0.00	-	0.00	-34	-20	-5.68	0.00	1.92	-1.38
Income Tax Expense	0.26	0.69	0.93	1.48	0.08	-6.41	-2.93	-8.93	-0.15	0.67	1.50
Other Gains / (Losses), net	-1.41	0.04	0.04	-	0.03	0.05	0.01	0.03	0.00	0.11	0.06
Net Income / (Loss) Attributable to Noncontrolling Interest	-	0.00	0.00	-	0.00	0.03	0.02	-	-0.12	-0.01	-0.12
Basic Earnings per Share	($0.09)	($0.04)	($0.06)	($0.08)	($0.07)	($0.40)	($0.28)	($0.40)	($0.05)	$0.04	$0.01
Weighted Average Basic Shares Outstanding	62.38M	62.39M	63.60M	63.24M	78.02M	79.12M	81.25M	0.00	84.09M	83.92M	85.74M
Diluted Earnings per Share	($0.09)	($0.04)	($0.06)	($0.08)	($0.07)	($0.40)	($0.28)	($0.40)	($0.05)	$0.04	$0.01
Weighted Average Diluted Shares Outstanding	62.38M	62.39M	63.60M	63.24M	78.02M	79.12M	81.25M	0.00	84.09M	83.92M	85.74M
Weighted Average Basic & Diluted Shares Outstanding	62.38M	62.39M	63.60M	63.24M	78.02M	79.12M	81.25M	0.00	84.09M	83.92M	85.74M

This table details how cash moves in and out of Lesaka Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Net Change in Cash & Equivalents	59	106	35	-168	31	128	-24	-109	-35	5.26	9.27
Net Cash From Operating Activities	135	117	97	132	-4.46	-46	-58	-37	0.41	29	-9.12
Net Cash From Continuing Operating Activities	135	117	97	132	-4.46	-46	-58	-37	0.41	29	-9.12
Net Income / (Loss) Continuing Operations	97	85	75	61	-309	-91	-38	-44	-35	-17	-88
Consolidated Net Income / (Loss)	97	85	75	61	-309	-78	-38	-44	-35	-17	-88
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	12	0.00	0.00	0.00	0.00	0.00
Depreciation Expense	41	40	41	35	37	13	4.35	7.58	24	24	34
Non-Cash Adjustments To Reconcile Net Income	2.70	-0.89	3.80	2.92	273	42	-17	4.70	27	13	97
Changes in Operating Assets and Liabilities, net	-5.06	-7.88	-23	33	-6.60	-11	-7.43	-5.59	-15	9.09	-52
Net Cash From Investing Activities	-81	-5.76	-114	181	64	223	48	-194	-16	-16	-11
Net Cash From Continuing Investing Activities	-81	-5.76	-114	181	64	223	48	-194	-16	-16	-11
Purchase of Property, Plant & Equipment	-36	-36	-11	-9.65	-9.42	-5.94	-4.29	-4.56	-16	-13	-17
Acquisitions	-13	-16	-4.65	-291	-4.37	8.07	0.00	-202	-0.42	-1.88	-17
Purchase of Investments	-	-8.90	-12	-20	-1.06	2.03	-1.10	0.00	-0.11	0.00	0.00
Sale of Property, Plant & Equipment	0.86	1.35	1.59	0.66	1.05	0.58	0.57	4.22	1.50	1.57	1.94
Divestitures	1.90	-	0.00	0.00	0.00	235	45	12	0.66	3.51	16
Sale and/or Maturity of Investments	-	-	0.00	9.18	1.31	0.00	0.00	0.00	0.11	0.25	0.00
Other Investing Activities, net	-34	53	-88	491	77	-17	7.90	-3.44	-2.04	-7.20	4.32
Net Cash From Financing Activities	17	14	40	-473	-25	-49	-13	122	-19	-7.11	30
Net Cash From Continuing Financing Activities	17	14	40	-473	-25	-49	-13	122	-19	-7.11	30
Repayment of Debt	-14	-8.72	-38	-78	-38	-763	-365	-6.89	-565	-220	-241
Repurchase of Common Equity	-9.15	-27	-46	0.00	-0.18	0.00	0.00	0.00	-1.29	-1.50	-14
Payment of Dividends	0.38	-11	-2.07	0.00	-4.10	0.00	0.00	0.00	0.00	0.00	-0.43
Issuance of Debt	3.77	-	16	45	823	705	360	571	544	207	289
Other Financing Activities, net	34	-51	63	-441	-805	9.26	-7.72	-442	2.63	7.38	-4.06

This table details how cash moves in and out of Lesaka Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-3.18	11	-6.33	3.95	-16	13	9.50	4.34	-4.36	-7.54	24
Net Cash From Operating Activities	3.37	0.58	19	5.65	-4.14	-9.17	11	-6.48	8.92	-11	38
Net Cash From Continuing Operating Activities	3.37	0.58	19	5.65	-4.18	-9.12	11	-5.38	8.85	-11	38
Net Income / (Loss) Continuing Operations	-5.65	-2.71	-4.05	-5.04	-4.54	-32	-22	-29	-4.41	3.27	0.44
Consolidated Net Income / (Loss)	-5.65	-2.71	-4.05	-5.04	-4.54	-32	-22	-29	-4.41	3.27	0.44
Depreciation Expense	5.86	5.81	5.79	6.21	6.28	8.22	8.43	11	13	14	11
Non-Cash Adjustments To Reconcile Net Income	4.37	1.98	2.79	4.34	4.04	39	25	29	5.02	-0.08	4.13
Changes in Operating Assets and Liabilities, net	-1.20	-4.50	15	0.15	-9.95	-24	0.03	-16	-4.66	-28	22
Net Cash From Investing Activities	-14	1.91	-5.69	1.27	0.28	-11	-10	9.88	-0.46	-5.71	-9.75
Net Cash From Continuing Investing Activities	-14	1.91	-5.69	1.27	0.28	-11	-12	9.88	-0.46	-5.71	-9.75
Purchase of Property, Plant & Equipment	-2.81	-2.20	-2.94	-4.72	-3.97	-6.32	-2.82	-4.10	-3.98	-3.92	-3.40
Acquisitions	-0.14	-0.05	-0.05	-1.64	-0.17	-4.39	-11	-1.62	-1.14	-1.52	-12
Sale of Property, Plant & Equipment	0.28	0.44	0.40	0.45	0.85	0.48	-	0.22	0.45	0.46	-0.67
Other Investing Activities, net	-11	-0.04	-3.09	7.17	3.57	-1.27	3.09	-1.07	4.21	-3.45	6.30
Net Cash From Financing Activities	7.34	8.34	-20	-2.97	-15	37	8.51	-0.16	-15	11	-3.50
Net Cash From Continuing Financing Activities	7.34	8.34	-20	-2.97	-15	37	8.51	-0.16	-15	11	-3.50
Repayment of Debt	-2.63	-121	-7.24	-207	18	-32	-294	-92	27	-78	-39
Repurchase of Common Equity	0.00	-0.20	-0.01	-1.29	-	-13	-0.03	-1.05	-	-	-0.04
Issuance of Debt	60	69	25	53	-	-	-	194	-	-	45
Other Financing Activities, net	-50	61	-37	152	-34	9.22	208	-101	-42	41	-9.50

This table presents Lesaka Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Total Assets	1,317	1,264	1,451	1,217	670	454	428	657	542	558	654
Total Current Assets	994	924	1,106	427	296	319	294	218	164	188	244
Cash & Equivalents	118	224	258	87	20	218	199	44	35	59	77
Restricted Cash	2.31	1.58	2.32	2.97	75	15	25	61	23	6.85	0.12
Note & Lease Receivable	40	37	80	61	21	16	21	34	37	44	74
Accounts Receivable	121	108	111	93	31	43	27	29	26	37	43
Inventories, net	13	10	8.02	10	5.71	20	22	34	27	18	24
Other Current Assets	692	537	640	149	25	8.01	0.47	16	15	23	27
Plant, Property, & Equipment, net	52	55	39	26	8.23	6.66	7.49	25	27	32	45
Total Noncurrent Assets	270	285	305	765	366	128	127	414	351	339	365
Long-Term Investments	14	26	28	86	148	66	10	5.86	3.17	0.21	0.20
Goodwill	166	179	189	169	37	24	29	163	134	139	199
Intangible Assets	47	49	39	27	2.23	0.61	0.36	157	122	111	139
Noncurrent Deferred & Refundable Income Taxes	-	-	0.00	4.78	0.23	0.36	0.62	3.78	10	3.45	13
Other Noncurrent Operating Assets	42	31	50	235	29	37	86	85	82	85	14
Total Liabilities & Shareholders' Equity	1,317	1,264	1,451	1,217	670	454	428	657	542	558	654
Total Liabilities	838	660	743	373	245	78	67	342	283	303	396
Total Current Liabilities	775	602	721	283	238	71	52	146	102	130	164
Short-Term Debt	8.86	8.68	25	44	85	17	2.82	22	13	25	36
Accounts Payable	21	14	15	21	9.87	6.29	7.11	19	12	17	20
Current Deferred & Payable Income Tax Liabilities	6.29	5.24	5.61	5.74	1.33	16	0.26	2.14	1.01	0.65	1.40
Other Current Liabilities	738	574	675	191	84	32	42	103	76	87	107
Total Noncurrent Liabilities	64	58	21	90	7.09	7.18	15	196	181	173	232
Long-Term Debt	51	43	7.50	5.47	-	-	0.00	135	129	127	189
Capital Lease Obligations	-	-	-	-	-	-	1.89	4.83	3.14	5.09	6.13
Noncurrent Deferred & Payable Income Tax Liabilities	11	13	11	16	1.32	1.86	10	54	47	38	34
Other Noncurrent Operating Liabilities	2.21	2.38	2.80	30	2.50	5.32	2.58	2.47	1.98	2.60	2.99
Commitments & Contingencies	0.00	0.00	0.00	0.00	-	-	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	108	108	108	85	85	79	79	79	89
Total Equity & Noncontrolling Interests	479	603	600	737	317	290	276	235	179	176	168
Total Preferred & Common Equity	478	493	598	641	317	290	276	235	179	176	162
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	478	493	598	641	317	290	276	235	179	176	162
Common Stock	214	224	274	276	277	302	302	328	336	344	427
Retained Earnings	618	700	773	836	523	445	407	363	328	310	219
Treasury Stock	-215	-242	-287	-287	-287	-287	-287	-287	-288	-290	-299
Accumulated Other Comprehensive Income / (Loss)	-139	-190	-163	-185	-196	-169	-146	-169	-196	-188	-186
Noncontrolling Interest	0.66	110	2.77	96	0.00	0.00	0.00	0.00	0.00	0.00	6.84

This table presents Lesaka Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	12/31/2022	3/31/2023	9/30/2023	12/31/2023	3/31/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
Total Assets	646	617	547	581	551	552	641	649	653	705	675
Total Current Assets	226	210	173	203	186	167	211	212	241	285	275
Cash & Equivalents	42	49	35	44	55	50	61	71	72	69	91
Restricted Cash	54	38	20	24	4.38	0.12	0.11	0.12	0.12	0.13	0.12
Note & Lease Receivable	40	39	36	39	41	47	50	61	81	104	99
Accounts Receivable	28	34	28	41	34	30	46	36	45	58	45
Inventories, net	34	33	28	28	22	20	27	19	19	25	17
Other Current Assets	28	16	26	27	29	20	28	25	24	28	21
Plant, Property, & Equipment, net	28	29	28	28	28	34	42	43	46	47	45
Total Noncurrent Assets	392	378	346	350	338	350	387	394	366	373	356
Long-Term Investments	5.27	4.70	2.25	0.16	0.16	0.25	0.18	0.20	0.17	0.29	0.24
Goodwill	156	149	133	138	133	147	201	210	205	212	207
Intangible Assets	142	132	118	118	111	114	126	142	135	132	124
Noncurrent Deferred & Refundable Income Taxes	4.59	8.67	9.86	10	9.79	3.73	6.28	6.79	12	12	11
Other Noncurrent Operating Assets	84	83	83	84	84	85	54	35	14	17	13
Total Liabilities & Shareholders' Equity	646	617	547	581	551	552	641	649	653	705	675
Total Liabilities	352	336	292	320	299	288	352	368	387	428	404
Total Current Liabilities	160	133	109	129	116	109	239	155	149	182	179
Short-Term Debt	20	22	13	13	12	29	131	52	25	34	51
Accounts Payable	26	23	14	19	19	13	17	15	19	20	19
Current Deferred & Payable Income Tax Liabilities	2.21	3.47	1.29	0.67	1.57	1.49	1.39	2.44	1.96	1.63	2.52
Other Current Liabilities	111	84	82	96	83	66	90	86	103	126	106
Total Noncurrent Liabilities	192	203	183	192	183	179	113	213	237	246	225
Long-Term Debt	135	147	131	139	132	132	69	167	196	204	186
Capital Lease Obligations	4.12	3.79	4.08	4.11	3.91	4.97	4.82	6.13	6.04	7.81	5.89
Noncurrent Deferred & Payable Income Tax Liabilities	50	50	46	46	44	39	36	37	33	32	29
Other Noncurrent Operating Liabilities	2.39	2.45	2.25	2.49	2.60	2.79	3.05	3.09	3.03	3.00	3.62
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	79	79	79	79	79	79	89	89	89	89	85
Total Equity & Noncontrolling Interests	215	201	175	181	173	184	200	192	177	188	187
Total Preferred & Common Equity	215	201	175	181	173	184	193	185	170	181	187
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	215	201	175	181	173	184	193	185	170	181	187
Common Stock	333	334	338	339	341	346	422	425	429	431	437
Retained Earnings	345	340	322	319	315	306	274	251	218	218	218
Treasury Stock	-287	-287	-288	-288	-288	-290	-302	-297	-299	-300	-292
Accumulated Other Comprehensive Income / (Loss)	-176	-186	-196	-189	-195	-178	-200	-194	-178	-168	-176
Noncontrolling Interest	0.00	0.00	0.00	0.00	0.00	0.00	6.73	6.79	6.91	7.14	0.00

This table displays calculated financial ratios and metrics derived from Lesaka Technologies' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
DEI Shares Outstanding	46,607,153.00	45,636,435.00	57,590,085.00	56,862,187.00	56,815,925.00	57,118,925.00	56,557,886.00	-	-	-	162,498,800.00
DEI Adjusted Shares Outstanding	46,607,153.00	45,636,435.00	57,590,085.00	56,862,187.00	56,815,925.00	57,118,925.00	56,557,886.00	-	-	-	162,498,800.00
DEI Earnings Per Adjusted Shares Outstanding	2.03	1.81	1.27	0.00	-5.47	-1.37	-0.67	-	-	-	-0.54
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.62%	-5.63%	3.27%	-24.67%	-65.05%	-10.17%	-9.36%	70.21%	137.17%	6.87%	16.92%
EBITDA Growth	18.62%	-8.57%	-10.64%	-35.49%	-410.95%	98.31%	85.25%	-4,074.46%	128.82%	229.88%	-293.44%
EBIT Growth	26.25%	-11.01%	-15.15%	-44.55%	-685.42%	94.29%	72.00%	-624.29%	57.96%	125.02%	-2,363.75%
NOPAT Growth	35.43%	-13.48%	-19.99%	-53.87%	-435.64%	67.21%	-21.75%	25.39%	61.82%	123.39%	-854.87%
Net Income Growth	38.07%	-12.34%	-11.83%	-18.13%	-604.29%	74.61%	51.43%	-15.29%	20.06%	50.28%	-402.49%
EPS Growth	34.67%	-15.35%	-22.22%	-18.05%	-602.75%	75.00%	51.09%	-11.94%	25.33%	51.79%	-322.22%
Operating Cash Flow Growth	264.14%	-13.83%	-16.64%	36.17%	-103.37%	-932.40%	-26.77%	36.27%	101.10%	6,921.71%	-131.69%
Free Cash Flow Firm Growth	-1,009.35%	112.98%	-82.98%	-345.39%	1,223.23%	-118.15%	-16.52%	-245.25%	104.56%	-115.85%	-4,566.10%
Invested Capital Growth	248.92%	-0.01%	11.88%	13.27%	-88.29%	56.65%	40.42%	176.75%	-6.21%	1.29%	19.93%
Revenue Q/Q Growth	-2.87%	-2.16%	0.63%	-25.73%	-31.87%	242.00%	9.81%	64.49%	2.20%	2.34%	8.52%
EBITDA Q/Q Growth	-5.09%	0.00%	-11.36%	-11.50%	-896.37%	93.74%	98.60%	28.34%	83.45%	38.10%	-273.15%
EBIT Q/Q Growth	-7.24%	-0.37%	-15.25%	-15.40%	-371.22%	80.90%	90.57%	16.42%	18.53%	215.11%	-5,546.62%
NOPAT Q/Q Growth	-5.19%	0.93%	-20.51%	-21.35%	-101.85%	53.04%	-0.79%	7.96%	18.53%	207.61%	-1,798.00%
Net Income Q/Q Growth	-4.28%	0.85%	-15.45%	-16.90%	-143.43%	69.56%	10.98%	-56.52%	8.46%	28.27%	-38.07%
EPS Q/Q Growth	-4.27%	-2.29%	-17.90%	-13.49%	-145.74%	65.14%	51.45%	-56.25%	8.20%	28.95%	-39.02%
Operating Cash Flow Q/Q Growth	0.29%	2.98%	-23.26%	28.18%	-113.97%	-134.19%	25.21%	4.04%	102.56%	-12.48%	-402.75%
Free Cash Flow Firm Q/Q Growth	-2,725.40%	185.59%	103.05%	81.88%	46.15%	-124.05%	47.22%	-352.31%	105.07%	-110.51%	3.81%
Invested Capital Q/Q Growth	265.18%	604.97%	6.96%	-19.25%	-82.50%	1,295.99%	17.04%	160.95%	-5.32%	1.60%	-4.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.42%	50.89%	52.07%	47.00%	22.74%	29.10%	26.41%	24.39%	20.92%	21.54%	26.25%
EBITDA Margin	27.06%	26.22%	22.69%	19.43%	-172.85%	-3.26%	-0.53%	-13.00%	1.58%	4.87%	-8.07%
Operating Margin	20.53%	19.36%	15.91%	11.71%	-84.00%	-30.66%	-41.19%	-18.06%	-2.91%	0.64%	-4.11%
EBIT Margin	20.53%	19.36%	15.91%	11.71%	-196.10%	-12.47%	-3.85%	-16.40%	-2.91%	0.68%	-13.18%
Profit (Net Income) Margin	15.45%	14.35%	12.26%	13.32%	-192.15%	-54.30%	-29.10%	-19.71%	-6.64%	-3.09%	-13.28%
Tax Burden Percent	68.89%	67.17%	65.32%	64.73%	96.62%	120.52%	677.29%	109.96%	108.70%	136.27%	82.72%
Interest Burden Percent	109.26%	110.38%	117.94%	175.73%	101.41%	361.24%	111.49%	109.30%	210.24%	-333.28%	121.88%
Effective Tax Rate	31.43%	33.33%	37.14%	47.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	132.74%	18.86%	14.25%	5.84%	-33.02%	-40.25%	-33.40%	-11.32%	-3.04%	0.73%	-4.97%
ROIC Less NNEP Spread (ROIC-NNEP)	130.56%	12.61%	8.20%	-5.41%	28.41%	-25.59%	-33.26%	6.32%	-39.31%	-22.08%	-60.79%
Return on Net Nonoperating Assets (RNNOA)	-111.73%	-3.19%	-2.84%	2.05%	-15.61%	20.67%	23.06%	-1.67%	-9.20%	-7.51%	-28.95%
Return on Equity (ROE)	21.02%	15.67%	11.40%	7.88%	-48.62%	-19.58%	-10.34%	-12.99%	-12.24%	-6.78%	-33.92%
Cash Return on Invested Capital (CROIC)	-145.35%	18.87%	3.03%	-6.61%	125.06%	-84.40%	-67.02%	-105.15%	3.37%	-0.55%	-23.10%
Operating Return on Assets (OROA)	9.63%	8.86%	7.15%	4.03%	-33.38%	-3.20%	-1.14%	-6.73%	-2.56%	0.70%	-14.34%
Return on Assets (ROA)	7.25%	6.57%	5.51%	4.59%	-32.70%	-13.94%	-8.63%	-8.09%	-5.85%	-3.17%	-14.46%
Return on Common Equity (ROCE)	21.00%	14.07%	9.49%	6.29%	-36.70%	-14.87%	-7.95%	-9.83%	-8.85%	-4.69%	-22.42%
Return on Equity Simple (ROE_SIMPLE)	20.23%	17.20%	12.51%	9.55%	-97.26%	-27.00%	-13.79%	-18.68%	-19.54%	-9.92%	0.00%
Net Operating Profit after Tax (NOPAT)	88	76	61	28	-94	-31	-38	-28	-11	2.51	-19
NOPAT Margin	14.08%	12.91%	10.00%	6.12%	-58.80%	-21.46%	-28.83%	-12.64%	-2.03%	0.45%	-2.88%
Net Nonoperating Expense Percent (NNEP)	2.19%	6.25%	6.05%	11.24%	-61.43%	-14.66%	-0.14%	-17.65%	36.27%	22.81%	55.82%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	-4.70%
Cost of Revenue to Revenue	47.58%	49.11%	47.93%	53.00%	77.26%	70.90%	73.59%	75.61%	79.08%	78.46%	73.75%
SG&A Expenses to Revenue	25.39%	24.70%	29.38%	28.47%	90.22%	52.15%	64.28%	33.69%	18.00%	16.31%	19.94%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	31.89%	31.53%	36.17%	35.30%	106.74%	59.76%	67.60%	42.12%	23.82%	20.91%	30.36%
Earnings before Interest and Taxes (EBIT)	129	114	97	54	-315	-18	-5.04	-37	-15	3.84	-87
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	169	155	138	89	-278	-4.70	-0.69	-29	8.34	28	-53
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.78	0.92	0.95	0.81	0.72	0.60	0.97	1.29	1.31	1.69	2.20
Price to Tangible Book Value (P/TBV)	3.22	1.72	1.53	1.16	0.82	0.65	1.08	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.36	0.77	0.93	1.12	1.41	1.20	2.04	1.37	0.44	0.53	0.55
Price to Earnings (P/E)	8.99	5.53	7.77	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	11.12%	18.09%	12.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.92	0.91	0.93	1.16	2.94	0.00	0.93	1.19	1.16	1.35	1.48
Enterprise Value to Revenue (EV/Rev)	1.24	0.62	0.69	1.29	1.10	0.00	0.94	1.95	0.75	0.83	0.93
Enterprise Value to EBITDA (EV/EBITDA)	4.59	2.37	3.05	6.65	0.00	0.00	0.00	0.00	47.70	17.04	0.00
Enterprise Value to EBIT (EV/EBIT)	6.05	3.21	4.35	11.03	0.00	0.00	0.00	0.00	0.00	122.02	0.00
Enterprise Value to NOPAT (EV/NOPAT)	8.83	4.81	6.93	21.09	0.00	0.00	0.00	0.00	0.00	186.46	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	5.75	3.15	4.35	4.49	0.00	0.00	0.00	0.00	969.95	16.28	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	4.81	32.55	0.00	0.49	0.00	0.00	0.00	33.38	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.12	0.09	0.05	0.06	0.20	0.05	0.01	0.51	0.56	0.62	0.89
Long-Term Debt to Equity	0.11	0.07	0.01	0.01	0.00	0.00	0.01	0.44	0.51	0.57	0.75
Financial Leverage	-0.86	-0.25	-0.35	-0.38	-0.55	-0.81	-0.69	-0.26	0.23	0.34	0.48
Leverage Ratio	2.90	2.38	2.07	1.72	1.49	1.40	1.20	1.61	2.09	2.14	2.35
Compound Leverage Factor	3.17	2.63	2.44	3.02	1.51	5.07	1.34	1.76	4.40	-7.13	2.86
Debt to Total Capital	11.07%	7.91%	4.43%	5.54%	16.66%	4.35%	1.29%	33.92%	35.94%	38.17%	46.95%
Short-Term Debt to Total Capital	1.65%	1.32%	3.42%	4.93%	16.66%	4.35%	0.77%	4.56%	3.14%	3.20%	7.39%
Long-Term Debt to Total Capital	9.43%	6.59%	1.01%	0.61%	0.00%	0.00%	0.52%	29.36%	32.80%	34.97%	39.56%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.12%	16.82%	14.91%	22.77%	21.11%	21.66%	23.24%	16.70%	19.65%	19.24%	19.44%
Common Equity to Total Capital	88.80%	75.27%	80.66%	71.69%	62.22%	73.99%	75.47%	49.38%	44.40%	42.59%	33.60%
Debt to EBITDA	0.35	0.33	0.24	0.55	-0.31	-3.63	-6.80	-5.58	17.42	5.73	-4.35
Net Debt to EBITDA	-0.44	-1.29	-1.85	-1.42	0.57	59.85	330.53	-1.75	10.01	3.33	-2.90
Long-Term Debt to EBITDA	0.30	0.28	0.05	0.06	0.00	0.00	-2.73	-4.83	15.90	5.25	-3.66
Debt to NOPAT	0.68	0.68	0.54	1.76	-0.90	-0.55	-0.13	-5.73	-13.52	62.72	-12.20
Net Debt to NOPAT	-0.85	-2.61	-4.19	-4.50	1.68	9.08	6.07	-1.80	-7.77	36.41	-8.15
Long-Term Debt to NOPAT	0.58	0.57	0.12	0.19	0.00	0.00	-0.05	-4.96	-12.34	57.46	-10.28
Altman Z-Score	2.26	2.26	2.16	2.46	0.44	3.54	4.65	1.59	2.36	2.55	1.76
Noncontrolling Interest Sharing Ratio	0.07%	10.24%	16.82%	20.23%	24.52%	24.08%	23.09%	24.35%	27.71%	30.89%	33.91%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.28	1.53	1.53	1.51	1.24	4.48	5.61	1.49	1.61	1.59	1.52
Quick Ratio	0.36	0.61	0.62	0.86	0.30	3.88	4.69	0.73	0.96	1.18	1.20
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-587	76	13	-32	358	-65	-76	-261	12	-1.89	-88
Operating Cash Flow to CapEx	380.16%	338.34%	1,011.78%	1,471.53%	-53.28%	-859.05%	-1,571.65%	-10,908.50%	2.80%	259.36%	-59.77%
Free Cash Flow to Firm to Interest Expense	-131.84	22.28	3.73	-3.72	36.28	-8.50	-25.38	-44.82	0.64	-0.10	-4.11
Operating Cash Flow to Interest Expense	30.35	34.05	27.89	15.44	-0.45	-6.03	-19.57	-6.38	0.02	1.52	-0.43
Operating Cash Flow Less CapEx to Interest Expense	22.37	23.99	25.13	14.39	-1.30	-6.73	-20.82	-6.44	-0.77	0.93	-1.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.47	0.46	0.45	0.34	0.17	0.26	0.30	0.41	0.88	1.03	1.09
Accounts Receivable Turnover	4.65	5.16	5.57	4.49	2.58	3.89	3.76	8.02	19.35	18.10	16.66
Inventory Turnover	25.07	25.24	32.44	26.50	15.45	8.00	4.56	5.95	13.56	19.43	23.29
Fixed Asset Turnover	12.50	11.01	12.93	14.11	9.46	19.39	18.49	13.87	20.29	19.00	17.17
Accounts Payable Turnover	15.45	16.32	20.00	13.44	8.01	12.67	14.37	13.11	26.98	30.47	26.63
Days Sales Outstanding (DSO)	78.54	70.79	65.58	81.36	141.54	93.85	97.19	45.48	18.86	20.16	21.91
Days Inventory Outstanding (DIO)	14.56	14.46	11.25	13.77	23.63	45.61	80.06	61.36	26.91	18.78	15.67
Days Payable Outstanding (DPO)	23.62	22.36	18.25	27.16	45.55	28.81	25.41	27.85	13.53	11.98	13.71
Cash Conversion Cycle (CCC)	69.48	62.88	58.59	67.97	119.63	110.64	151.84	78.99	32.24	26.97	23.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	404	404	452	512	60	94	132	365	342	347	416
Invested Capital Turnover	9.43	1.46	1.42	0.95	0.56	1.88	1.16	0.90	1.49	1.64	1.73
Increase / (Decrease) in Invested Capital	676	-0.03	48	60	-452	34	38	233	-23	4.40	69
Enterprise Value (EV)	778	367	422	593	176	-23	122	434	398	469	615
Market Capitalization	852	456	568	516	227	174	266	304	235	298	365
Book Value per Share	$10.26	$10.80	$10.38	$11.27	$5.59	$5.08	$4.88	$3.97	$2.91	$2.77	$2.04
Tangible Book Value per Share	$5.68	$5.81	$6.42	$7.82	$4.89	$4.65	$4.36	($1.43)	($1.23)	($1.16)	($2.13)
Total Capital	538	655	741	894	510	392	366	476	404	413	493
Total Debt	60	52	33	50	85	17	4.71	161	145	158	231
Total Long-Term Debt	51	43	7.50	5.47	0.00	0.00	1.89	140	133	144	195
Net Debt	-75	-199	-256	-127	-159	-281	-229	51	83	92	155
Capital Expenditures (CapEx)	36	34	9.60	8.99	8.37	5.36	3.71	0.34	15	11	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	109	105	149	98	47	33	21	-11	16	17	43
Debt-free Net Working Capital (DFNWC)	229	330	410	188	142	265	245	94	74	83	120
Net Working Capital (NWC)	220	322	385	144	58	248	242	72	62	70	83
Net Nonoperating Expense (NNE)	-8.61	-8.55	-14	-33	214	47	0.35	16	24	20	69
Net Nonoperating Obligations (NNO)	-75	-199	-256	-332	-365	-281	-229	51	83	92	155
Total Depreciation and Amortization (D&A)	41	41	41	35	37	13	4.35	7.58	24	24	34
Debt-free, Cash-free Net Working Capital to Revenue	17.36%	17.77%	24.49%	21.40%	29.28%	22.58%	15.97%	-5.06%	2.99%	3.01%	6.55%
Debt-free Net Working Capital to Revenue	36.51%	55.89%	67.24%	40.99%	88.71%	183.69%	187.06%	42.02%	14.09%	14.69%	18.17%
Net Working Capital to Revenue	35.09%	54.42%	63.09%	31.40%	35.80%	171.87%	184.90%	32.28%	11.69%	12.34%	12.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.03	$1.72	$1.34	$0.69	($5.42)	($1.37)	($0.67)	($0.75)	($0.56)	($0.27)	($1.14)
Adjusted Weighted Average Basic Shares Outstanding	46.68M	54.14M	56.34M	56.37M	0.00	57.12M	57.00M	59.31M	61.52M	63.24M	0.00
Adjusted Diluted Earnings per Share	$2.02	$1.71	$1.33	$0.69	($5.42)	($1.37)	($0.67)	($0.75)	($0.56)	($0.27)	($1.14)
Adjusted Weighted Average Diluted Shares Outstanding	46.68M	54.14M	56.34M	56.37M	0.00	57.12M	57.00M	59.31M	61.52M	63.24M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	46.68M	54.14M	56.34M	56.37M	0.00	57.12M	57.00M	59.31M	61.52M	63.24M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	88	76	61	39	-84	-27	-38	-20	-5.82	4.12	-5.77
Normalized NOPAT Margin	14.08%	12.91%	10.00%	8.50%	-52.51%	-18.39%	-28.83%	-9.12%	-1.10%	0.73%	-0.87%
Pre Tax Income Margin	22.43%	21.37%	18.76%	20.58%	-198.86%	-45.06%	-4.30%	-17.92%	-6.11%	-2.27%	-16.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	28.84	33.41	27.85	6.28	-31.95	-2.36	-1.69	-6.26	-0.83	0.20	-4.05
NOPAT to Interest Expense	19.78	22.27	17.51	3.28	-9.58	-4.05	-12.65	-4.83	-0.58	0.13	-0.88
EBIT Less CapEx to Interest Expense	20.86	23.35	25.10	5.23	-32.80	-3.06	-2.94	-6.32	-1.62	-0.38	-4.76
NOPAT Less CapEx to Interest Expense	11.79	12.21	14.75	2.23	-10.43	-4.76	-13.89	-4.89	-1.37	-0.45	-1.60
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-0.40%	13.20%	2.76%	0.00%	-1.33%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.49%
Augmented Payout Ratio	9.06%	44.61%	64.02%	0.00%	-1.39%	0.00%	0.00%	0.00%	-3.67%	-8.57%	-16.08%

This table displays calculated financial ratios and metrics derived from Lesaka Technologies' official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	158,249,198.00	162,498,800.00	83,673,097.00	-	83,920,675.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	158,249,198.00	162,498,800.00	83,673,097.00	-	83,920,675.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-0.14	-0.18	-0.05	-	0.01
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.06%	5.75%	3.15%	9.69%	6.95%	2.03%	17.30%	15.35%	11.64%	1.02%	12.93%
EBITDA Growth	358.48%	116.96%	59.75%	875.66%	2.42%	-405.85%	-276.55%	-458.22%	113.08%	170.67%	213.95%
EBIT Growth	104.88%	203.70%	142.85%	104.45%	-119.74%	-1,549.80%	-2,625.82%	-11,651.53%	951.11%	112.27%	113.49%
NOPAT Growth	104.88%	203.70%	142.85%	104.45%	-119.74%	-65.82%	-53.90%	-9,727.46%	951.11%	371.74%	222.45%
Net Income Growth	44.83%	59.29%	30.46%	57.72%	23.03%	-1,086.04%	-451.84%	-504.97%	2.82%	111.20%	101.96%
EPS Growth	47.06%	63.64%	33.33%	57.89%	22.22%	-900.00%	-366.67%	-400.00%	28.57%	110.00%	103.57%
Operating Cash Flow Growth	144.05%	-82.95%	475.56%	-42.07%	-222.61%	-1,672.04%	-44.41%	-214.70%	315.69%	-19.11%	252.34%
Free Cash Flow Firm Growth	95.05%	102.16%	109.35%	-123.28%	-159.12%	-1,838.34%	-543.31%	-2,021.99%	-16.23%	78.31%	112.13%
Invested Capital Growth	3.80%	-0.92%	-5.61%	1.29%	9.36%	24.23%	27.16%	19.93%	10.75%	4.63%	-2.39%
Revenue Q/Q Growth	2.21%	5.73%	-3.96%	5.68%	-0.34%	0.87%	-8.39%	4.35%	1.77%	4.25%	2.42%
EBITDA Q/Q Growth	826.01%	32.91%	-18.56%	-1.29%	-4.14%	-496.90%	53.42%	-103.83%	157.02%	32.85%	-24.89%
EBIT Q/Q Growth	103.44%	896.93%	-65.07%	-62.85%	-115.25%	-73,131.11%	39.56%	-71.66%	101.12%	962.92%	-33.55%
NOPAT Q/Q Growth	103.44%	896.93%	-65.07%	-62.85%	-115.25%	1,826.67%	-33.09%	-5,091.39%	101.35%	573.74%	-54.26%
Net Income Q/Q Growth	50.45%	54.13%	-49.50%	-24.41%	9.79%	-606.87%	31.13%	-31.35%	84.75%	182.26%	-87.96%
EPS Q/Q Growth	52.63%	55.56%	-50.00%	-33.33%	12.50%	-471.43%	30.00%	-48.15%	87.50%	180.00%	-75.00%
Operating Cash Flow Q/Q Growth	-65.42%	-82.72%	3,189.88%	-70.53%	-173.20%	-121.54%	216.34%	-160.80%	237.64%	-222.34%	444.17%
Free Cash Flow Firm Q/Q Growth	-169.18%	138.70%	332.37%	-120.11%	-669.81%	-159.66%	-10.05%	3.57%	54.44%	55.07%	161.54%
Invested Capital Q/Q Growth	0.68%	1.04%	-2.00%	1.60%	8.71%	14.78%	0.31%	-4.18%	1.08%	7.69%	-6.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.01%	20.59%	21.95%	22.58%	23.81%	31.00%	26.68%	28.81%	30.92%	31.36%	32.30%
EBITDA Margin	4.47%	5.62%	4.77%	4.45%	4.28%	-16.84%	-7.17%	-13.82%	7.74%	9.87%	7.24%
Operating Margin	0.17%	1.58%	0.57%	0.20%	-0.03%	0.53%	0.23%	-16.86%	0.22%	1.20%	2.23%
EBIT Margin	0.17%	1.58%	0.57%	0.20%	-0.03%	-22.45%	-12.37%	-20.23%	0.22%	2.28%	1.48%
Profit (Net Income) Margin	-4.34%	-1.88%	-2.93%	-3.45%	-3.12%	-21.87%	-13.78%	-17.18%	-2.57%	2.03%	0.24%
Tax Burden Percent	148.19%	131.15%	128.11%	140.13%	101.14%	83.25%	88.35%	76.37%	96.80%	86.64%	23.20%
Interest Burden Percent	-1,746.49%	-90.81%	-397.86%	-1,217.97%	9,980.00%	117.04%	126.05%	111.23%	-1,190.60%	102.95%	69.65%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	15.99%	79.78%
Return on Invested Capital (ROIC)	0.19%	1.73%	0.63%	0.23%	-0.03%	0.55%	0.26%	-20.41%	0.26%	1.55%	0.74%
ROIC Less NNEP Spread (ROIC-NNEP)	-8.67%	-4.17%	-4.78%	-5.76%	-4.47%	-27.61%	-18.42%	-27.79%	-3.20%	2.69%	0.48%
Return on Net Nonoperating Assets (RNNOA)	-2.20%	-1.10%	-1.53%	-1.96%	-1.75%	-11.66%	-8.35%	-13.23%	-1.63%	1.52%	0.27%
Return on Equity (ROE)	-2.01%	0.63%	-0.90%	-1.73%	-1.79%	-11.11%	-8.09%	-33.65%	-1.37%	3.07%	1.00%
Cash Return on Invested Capital (CROIC)	-5.89%	-0.27%	5.11%	-0.55%	-8.30%	-21.28%	-23.70%	-23.10%	-14.87%	-8.49%	-1.06%
Operating Return on Assets (OROA)	0.16%	1.41%	0.54%	0.21%	-0.03%	-21.20%	-13.16%	-22.02%	0.25%	2.30%	1.56%
Return on Assets (ROA)	-4.06%	-1.68%	-2.76%	-3.53%	-3.26%	-20.65%	-14.66%	-18.70%	-2.90%	2.05%	0.25%
Return on Common Equity (ROCE)	-1.42%	0.45%	-0.63%	-1.19%	-1.24%	-7.57%	-5.43%	-22.23%	-0.92%	2.03%	0.68%
Return on Equity Simple (ROE_SIMPLE)	-17.28%	-14.57%	-14.05%	0.00%	-8.73%	-23.53%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	0.16	1.59	0.56	0.21	-0.03	0.54	0.26	-20	0.27	1.81	0.83
NOPAT Margin	0.12%	1.11%	0.40%	0.14%	-0.02%	0.37%	0.16%	-11.80%	0.16%	1.01%	0.45%
Net Nonoperating Expense Percent (NNEP)	8.86%	5.90%	5.41%	5.99%	4.44%	28.16%	18.68%	7.37%	3.47%	-1.14%	0.25%
Return On Investment Capital (ROIC_SIMPLE)	-	0.47%	-	-	-	0.13%	0.06%	-4.92%	0.07%	0.42%	0.19%
Cost of Revenue to Revenue	78.99%	79.41%	78.05%	77.42%	76.19%	69.00%	73.32%	71.19%	69.08%	68.64%	67.70%
SG&A Expenses to Revenue	16.54%	14.95%	16.73%	17.00%	18.36%	24.87%	20.11%	20.21%	23.12%	20.18%	21.44%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.85%	19.01%	21.38%	22.55%	23.84%	30.48%	26.06%	45.67%	30.69%	27.80%	28.70%
Earnings before Interest and Taxes (EBIT)	0.23	2.27	0.79	0.30	-0.05	-33	-20	-34	0.38	4.07	2.71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.08	8.09	6.59	6.50	6.23	-25	-12	-23	13	18	13
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.37	1.12	1.35	1.69	1.72	2.20	2.04	2.20	2.04	2.22	2.29
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.44	0.37	0.42	0.53	0.55	0.74	0.59	0.55	0.51	0.59	0.61
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.19	1.06	1.18	1.35	1.35	1.54	1.44	1.48	1.42	1.49	1.57
Enterprise Value to Revenue (EV/Rev)	0.76	0.68	0.73	0.83	0.89	1.15	0.98	0.93	0.88	0.99	0.95
Enterprise Value to EBITDA (EV/EBITDA)	31.26	21.18	20.19	17.04	18.57	23.47	20.67	0.00	0.00	0.00	31.16
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	122.02	153.44	364.96	538.46	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	186.46	219.21	521.37	769.24	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	35.77	42.96	12.23	16.28	23.92	57.64	207.84	0.00	151.67	307.85	22.83
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	22.39	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.58	0.60	0.59	0.62	0.62	0.71	0.80	0.89	0.85	0.89	0.90
Long-Term Debt to Equity	0.53	0.55	0.54	0.57	0.57	0.29	0.61	0.75	0.76	0.76	0.71
Financial Leverage	0.25	0.26	0.32	0.34	0.39	0.42	0.45	0.48	0.51	0.57	0.55
Leverage Ratio	2.13	2.21	2.19	2.14	2.12	2.22	2.25	2.35	2.27	2.38	2.40
Compound Leverage Factor	-37.28	-2.01	-8.72	-26.07	211.53	2.60	2.84	2.61	-27.07	2.45	1.67
Debt to Total Capital	36.64%	37.51%	37.04%	38.17%	38.26%	41.45%	44.40%	46.95%	45.98%	47.06%	47.28%
Short-Term Debt to Total Capital	3.14%	3.06%	3.06%	3.20%	3.22%	24.20%	10.22%	7.39%	5.09%	6.57%	9.94%
Long-Term Debt to Total Capital	33.50%	34.46%	33.98%	34.97%	35.04%	17.26%	34.18%	39.56%	40.90%	40.49%	37.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	19.76%	19.08%	19.80%	19.24%	18.60%	19.38%	18.95%	19.44%	19.45%	18.39%	16.46%
Common Equity to Total Capital	43.60%	43.41%	43.15%	42.59%	43.14%	39.16%	36.65%	33.60%	34.56%	34.55%	36.27%
Debt to EBITDA	11.25	8.95	7.46	5.73	5.96	7.23	7.41	-4.35	-4.91	-69.07	11.41
Net Debt to EBITDA	6.87	5.05	4.46	3.33	4.14	5.08	5.05	-2.90	-3.34	-49.45	7.15
Long-Term Debt to EBITDA	10.28	8.22	6.84	5.25	5.46	3.01	5.70	-3.66	-4.37	-59.42	9.01
Debt to NOPAT	-20.14	-37.29	-63.63	62.72	70.37	160.53	275.62	-12.20	-12.14	-14.02	-16.28
Net Debt to NOPAT	-12.31	-21.05	-38.04	36.41	48.81	112.74	188.01	-8.15	-8.26	-10.03	-10.19
Long-Term Debt to NOPAT	-18.41	-34.25	-58.37	57.46	64.45	66.82	212.19	-10.28	-10.80	-12.06	-12.86
Altman Z-Score	2.44	2.26	2.43	2.53	2.63	2.02	2.15	2.03	2.21	2.15	2.31
Noncontrolling Interest Sharing Ratio	29.42%	28.67%	29.81%	30.89%	30.65%	31.89%	32.84%	33.91%	33.08%	33.90%	32.67%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.58	1.58	1.60	1.59	1.73	0.93	1.37	1.52	1.61	1.57	1.54
Quick Ratio	0.90	0.97	1.12	1.18	1.31	0.69	1.09	1.20	1.33	1.27	1.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-12	4.82	21	-4.19	-32	-84	-92	-89	-41	-18	11
Operating Cash Flow to CapEx	133.62%	33.09%	752.75%	132.52%	-132.81%	-156.85%	378.52%	-167.04%	252.92%	-315.22%	923.32%
Free Cash Flow to Firm to Interest Expense	-2.54	1.00	4.55	-0.91	-6.42	-13.58	-15.75	-19.91	-8.28	-3.97	2.50
Operating Cash Flow to Interest Expense	0.69	0.12	4.19	1.22	-0.82	-1.48	1.82	-1.45	1.82	-2.38	8.39
Operating Cash Flow Less CapEx to Interest Expense	0.17	-0.24	3.63	0.30	-1.44	-2.43	1.34	-2.32	1.10	-3.13	7.48
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.94	0.89	0.94	1.03	1.04	0.94	1.06	1.09	1.12	1.01	1.06
Accounts Receivable Turnover	18.82	15.78	16.06	18.10	19.86	13.21	18.13	16.66	18.16	13.01	17.16
Inventory Turnover	14.41	13.93	15.76	19.43	18.61	15.76	23.84	23.29	24.83	18.13	26.45
Fixed Asset Turnover	20.72	19.59	19.51	19.00	18.46	16.33	18.12	17.17	16.78	15.27	16.04
Accounts Payable Turnover	25.82	19.04	20.69	30.47	33.78	24.34	28.34	26.63	30.42	25.80	27.84
Days Sales Outstanding (DSO)	19.39	23.13	22.73	20.16	18.38	27.64	20.13	21.91	20.10	28.06	21.27
Days Inventory Outstanding (DIO)	25.33	26.20	23.16	18.78	19.62	23.16	15.31	15.67	14.70	20.13	13.80
Days Payable Outstanding (DPO)	14.13	19.17	17.64	11.98	10.81	15.00	12.88	13.71	12.00	14.15	13.11
Cash Conversion Cycle (CCC)	30.59	30.16	28.25	26.97	27.19	35.80	22.57	23.87	22.80	34.04	21.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	345	348	341	347	377	433	434	416	420	453	424
Invested Capital Turnover	1.59	1.56	1.57	1.64	1.59	1.48	1.65	1.73	1.69	1.53	1.63
Increase / (Decrease) in Invested Capital	13	-3.23	-20	4.40	32	84	93	69	41	20	-10
Enterprise Value (EV)	409	370	402	469	509	665	626	615	597	673	664
Market Capitalization	240	202	234	298	316	425	377	365	347	401	427
Book Value per Share	$2.85	$2.90	$2.77	$2.77	$2.91	$2.48	$2.34	$2.04	$2.04	$2.15	$2.22
Tangible Book Value per Share	($1.23)	($1.20)	($1.14)	($1.16)	($1.21)	($1.71)	($2.11)	($2.13)	($2.02)	($1.94)	($1.72)
Total Capital	402	416	401	413	427	494	505	493	493	523	515
Total Debt	147	156	149	158	163	205	224	231	227	246	243
Total Long-Term Debt	135	143	136	144	150	85	173	195	202	212	192
Net Debt	90	88	89	92	113	144	153	155	154	176	152
Capital Expenditures (CapEx)	2.53	1.76	2.55	4.27	3.12	5.84	2.82	3.88	3.53	3.46	4.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)	21	19	22	17	35	43	38	43	44	68	56
Debt-free Net Working Capital (DFNWC)	76	87	82	83	85	104	109	120	116	137	147
Net Working Capital (NWC)	63	74	70	70	71	-16	57	83	91	103	96
Net Nonoperating Expense (NNE)	6.06	4.30	4.60	5.24	4.51	33	23	9.07	4.68	-1.82	0.39
Net Nonoperating Obligations (NNO)	90	88	89	92	113	144	153	155	154	176	152
Total Depreciation and Amortization (D&A)	5.86	5.81	5.79	6.21	6.28	8.22	8.43	11	13	14	11
Debt-free, Cash-free Net Working Capital to Revenue	3.88%	3.46%	4.04%	3.01%	6.06%	7.45%	5.94%	6.55%	6.50%	9.98%	8.03%
Debt-free Net Working Capital to Revenue	14.08%	15.86%	14.85%	14.69%	14.75%	17.99%	17.08%	18.17%	17.17%	20.22%	20.98%
Net Working Capital to Revenue	11.75%	13.53%	12.62%	12.34%	12.35%	-2.73%	8.99%	12.65%	13.47%	15.16%	13.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.09)	($0.04)	($0.06)	($0.08)	($0.07)	($0.40)	$0.00	($0.40)	($0.05)	$0.04	$0.01
Adjusted Weighted Average Basic Shares Outstanding	62.38M	62.39M	63.60M	63.24M	78.02M	79.12M	0.00	0.00	84.09M	83.92M	85.74M
Adjusted Diluted Earnings per Share	($0.09)	($0.04)	($0.06)	($0.08)	($0.07)	($0.40)	$0.00	($0.40)	($0.05)	$0.04	$0.01
Adjusted Weighted Average Diluted Shares Outstanding	62.38M	62.39M	63.60M	63.24M	78.02M	79.12M	0.00	0.00	84.09M	83.92M	85.74M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	62.38M	62.39M	63.60M	63.24M	78.02M	79.12M	0.00	0.00	84.09M	83.92M	85.74M
Normalized Net Operating Profit after Tax (NOPAT)	0.16	1.61	1.00	0.21	1.16	0.54	0.26	-20	0.33	1.85	4.68
Normalized NOPAT Margin	0.12%	1.12%	0.72%	0.14%	0.80%	0.37%	0.16%	-11.80%	0.19%	1.03%	2.56%
Pre Tax Income Margin	-2.93%	-1.43%	-2.29%	-2.46%	-3.09%	-26.27%	-15.60%	-22.50%	-2.66%	2.34%	1.03%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.05	0.47	0.17	0.06	-0.01	-5.34	-3.42	-7.62	0.08	0.89	0.60
NOPAT to Interest Expense	0.03	0.33	0.12	0.04	-0.01	0.09	0.04	-4.45	0.05	0.39	0.18
EBIT Less CapEx to Interest Expense	-0.47	0.11	-0.38	-0.86	-0.63	-6.28	-3.90	-8.49	-0.64	0.13	-0.30
NOPAT Less CapEx to Interest Expense	-0.48	-0.04	-0.43	-0.88	-0.63	-0.86	-0.44	-5.32	-0.67	-0.36	-0.72
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-0.66%	-0.67%	-0.49%	0.00%	-0.25%	0.00%
Augmented Payout Ratio	-3.64%	-4.53%	-4.21%	-8.57%	-9.30%	-31.19%	-22.36%	-16.08%	0.00%	-2.87%	-4.74%

Financials Breakdown Chart

Key Financial Trends

Lesaka Technologies (NASDAQ: LSAK) has shown revenue growth over the last year, but profitability and balance sheet leverage remain the bigger story. In Q3 2026, revenue rose to $183.1 million from $171.4 million a year earlier, and operating income improved sharply from a loss in the prior-year quarter to a small profit. However, interest expense is still heavy, and the company continues to carry significant debt and redeemable noncontrolling interest on its balance sheet.

Here are the main trends investors should know:

Revenue increased year over year in Q3 2026, rising to $183.1 million from $171.4 million in Q1 2026 and $162.1 million in Q3 2025, showing continued top-line momentum.
Gross profit improved to $59.1 million in Q3 2026, up from $53.0 million in Q1 2026 and $43.3 million in Q3 2025.
Operating income turned positive in Q3 2026 at $4.1 million, a meaningful improvement from operating losses in Q1 2026 and Q3 2025.
Operating cash flow was strong in Q3 2026 at $37.6 million, helped by better working-capital performance.
Cash and equivalents rose to $90.6 million at the end of Q3 2026, up from $72.2 million at the end of Q1 2026 and $49.7 million a year earlier.
The company’s retained earnings improved over the last year, indicating some recovery in cumulative earnings despite volatility.
The quarter included a $2.6 million impairment charge, suggesting some non-recurring pressure remains in the business.
Goodwill and intangible assets still make up a large part of total assets, which can matter if future impairments are required.
Redeemable noncontrolling interest remains sizable at $84.7 million, which adds complexity to the capital structure.
Net income attributable to common shareholders in Q3 2026 was only $0.6 million, so profitability remains thin even after the operating turnaround.
Interest expense of $4.5 million in Q3 2026 still consumed a large share of operating profit.
Debt remains elevated, with short-term debt of $51.2 million and long-term debt of $186.2 million on the Q3 2026 balance sheet.
Total liabilities of $403.6 million are more than double common equity of $186.6 million, showing a leveraged balance sheet.
The company has had a volatile earnings history, including large losses in several prior quarters, so one good quarter does not yet establish a stable trend.

Bottom line: Lesaka is showing signs of operational improvement, especially in revenue, gross profit, and operating income. But investors should still view the story as a turnaround with meaningful balance sheet and interest-cost risk. Sustained free cash flow and continued debt reduction will be key to making the recent progress more durable.

07/21/26 02:49 PM ETAI Generated. May Contain Errors.

Lesaka Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Lesaka Technologies' financial year ends in June. Their financial year 2025 ended on June 30, 2025.

Lesaka Technologies' net income appears to be on an upward trend, with a most recent value of -$87.63 million in 2025, falling from $96.73 million in 2015. The previous period was -$17.44 million in 2024. Find out what analysts predict for Lesaka Technologies in the coming months.

Lesaka Technologies' total operating income in 2025 was -$27.10 million, based on the following breakdown:

Total Gross Profit: $173.16 million
Total Operating Expenses: $200.26 million

Over the last 10 years, Lesaka Technologies' total revenue changed from $625.98 million in 2015 to $659.70 million in 2025, a change of 5.4%.

Lesaka Technologies' total liabilities were at $396.28 million at the end of 2025, a 30.7% increase from 2024, and a 52.7% decrease since 2015.

In the past 10 years, Lesaka Technologies' cash and equivalents has ranged from $20.01 million in 2019 to $258.46 million in 2017, and is currently $76.52 million as of their latest financial filing in 2025.

Over the last 10 years, Lesaka Technologies' book value per share changed from 10.26 in 2015 to 2.04 in 2025, a change of -80.1%.

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Financial statements for NASDAQ:LSAK last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Lesaka Technologies (LSAK) Financials

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Lesaka Technologies (LSAK) Financials

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Key Financial Trends

Lesaka Technologies Financials - Frequently Asked Questions

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