What is Lesaka Technologies' operating income?

Lesaka Technologies' total operating income in 2026 was $12.68 million, based on the following breakdown: Total Gross Profit: $67.34 million Total Operating Expenses: $50.27 million

Lesaka Technologies (LSAK) Financials

$4.20 -0.04 (-0.94%)

Closing price 09/18/2026 04:00 PM Eastern

Extended Trading

$4.20 0.00 (0.00%)

As of 09/18/2026 07:30 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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	82	73	0.00	-311	-78	-38	-44	-35	-19	-91	2.76
Consolidated Net Income / (Loss)	85	75	61	-309	-78	-38	-44	-35	-19	-91	2.51
Net Income / (Loss) Continuing Operations	85	75	51	-313	-97	-38	-44	-35	-19	-91	2.51
Total Pre-Tax Income	126	114	95	-319	-65	-5.62	-40	-32	-14	-107	3.73
Total Operating Income	114	97	54	-135	-44	-54	-40	-15	2.75	-28	13
Total Gross Profit	301	318	216	37	42	35	54	110	31	43	67
Total Revenue	591	610	460	161	144	131	223	528	567	662	724
Operating Revenue	591	610	460	161	144	131	223	528	567	662	724
Total Cost of Revenue	290	292	244	124	102	96	168	418	535	619	657
Operating Cost of Revenue	290	292	244	124	102	96	168	418	530	611	644
Other Cost of Revenue	-	-	-	-	-	-	-	-	5.16	8.01	13
Total Operating Expenses	186	221	162	171	86	88	94	126	26	69	50
Depreciation Expense	40	41	10	12	4.65	4.35	7.58	24	24	34	47
Other Operating Expenses / (Income)	-	-	-	-	0.00	0.00	0.00	0.00	2.08	16	-1.11
Impairment Charge	-	0.00	21	14	6.34	0.00	0.00	7.04	0.00	19	4.04
Other Special Charges / (Income)	-	-	-	-	0.00	0.00	-0.72	-	0.00	0.00	0.00
Total Other Income / (Expense), net	12	17	41	-185	14	48	-0.43	-17	-19	-82	-13
Interest Expense	3.42	3.48	8.57	9.86	7.64	2.98	5.83	19	19	22	19
Interest & Investment Income	15	21	49	5.42	-4.34	2.40	1.71	1.65	0.00	-0.16	-0.58
Other Income / (Expense), net	-	0.00	0.00	-180	26	49	3.69	0.00	0.00	-60	5.75
Income Tax Expense	42	43	45	-5.07	2.66	7.56	0.33	-2.31	3.36	-16	1.43
Other Gains / (Losses), net	0.64	2.81	1.81	1.26	-30	-25	-3.65	-5.12	-1.28	0.11	0.22
Net Income / (Loss) Discontinued Operations	-	0.00	9.95	4.46	19	0.00	0.00	0.00	0.00	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	2.34	1.69	-0.88	2.35	0.00	0.00	-	0.00	0.00	-0.13	-0.25
Basic Earnings per Share	$1.72	$1.34	$1.10	($5.48)	($1.37)	($0.67)	($0.75)	($0.56)	($0.29)	($1.19)	$0.03
Weighted Average Basic Shares Outstanding	47.23M	53.97M	56.90M	-	57.12M	57.00M	59.31M	61.52M	63.24M	-	85.82M
Diluted Earnings per Share	$1.71	$1.33	$1.09	($5.48)	($1.37)	($0.67)	($0.75)	($0.56)	($0.29)	($1.19)	$0.03
Weighted Average Diluted Shares Outstanding	47.23M	53.97M	56.90M	-	57.12M	57.00M	59.31M	61.52M	63.24M	-	85.82M
Weighted Average Basic & Diluted Shares Outstanding	47.23M	53.97M	56.90M	-	57.12M	57.00M	59.31M	61.52M	63.24M	-	85.82M

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

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	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	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-2.71	-4.05	-5.04	-4.54	-32	-22	-29	-4.30	3.65	0.55	2.86
Consolidated Net Income / (Loss)	-2.71	-4.05	-5.04	-4.54	-32	-22	-29	-4.41	3.63	0.44	2.86
Net Income / (Loss) Continuing Operations	-2.71	-4.05	-11	-4.54	-32	-22	-29	-4.41	3.63	0.44	2.86
Total Pre-Tax Income	-2.06	-3.16	-3.59	-4.49	-39	-25	-38	-4.56	4.19	1.88	2.21
Total Operating Income	2.27	0.79	0.30	-0.05	0.55	0.37	-28	0.38	2.15	4.09	6.06
Total Gross Profit	30	30	33	35	44	43	49	53	56	59	-101
Total Revenue	144	138	146	154	177	162	168	171	179	183	191
Operating Revenue	144	138	146	154	177	162	168	171	179	183	191
Total Cost of Revenue	114	108	113	119	133	119	120	118	123	124	292
Operating Cost of Revenue	114	108	113	119	131	117	120	118	123	124	279
Total Operating Expenses	27	30	33	35	42	42	77	53	50	53	-105
Depreciation Expense	5.81	5.79	6.21	6.28	8.22	8.43	11	13	14	11	10
Total Other Income / (Expense), net	-4.34	-3.95	-2.32	-4.45	-40	-26	-9.50	-4.94	-2.16	-4.70	-1.54
Interest Expense	4.82	4.58	4.62	5.03	6.27	5.87	4.47	4.90	4.59	4.48	4.54
Interest & Investment Income	0.49	0.63	2.05	0.59	-	-	0.64	-0.05	0.51	1.15	-2.20
Other Income / (Expense), net	0.00	0.00	-	0.00	-34	-20	-5.68	0.00	1.92	-1.38	5.21
Income Tax Expense	0.69	0.93	1.48	0.08	-6.41	-2.93	-8.93	-0.15	0.67	1.50	-0.60
Other Gains / (Losses), net	0.04	0.04	-	0.03	0.05	0.01	0.03	0.00	0.11	0.06	0.05
Basic Earnings per Share	($0.04)	($0.06)	($0.08)	($0.07)	($0.40)	($0.28)	($0.40)	($0.05)	$0.04	$0.01	$0.03
Weighted Average Basic Shares Outstanding	62.39M	63.60M	63.24M	78.02M	79.12M	81.25M	0.00	84.09M	83.92M	85.74M	85.82M
Diluted Earnings per Share	($0.04)	($0.06)	($0.08)	($0.07)	($0.40)	($0.28)	($0.40)	($0.05)	$0.04	$0.01	$0.03
Weighted Average Diluted Shares Outstanding	62.39M	63.60M	63.24M	78.02M	79.12M	81.25M	0.00	84.09M	83.92M	85.74M	85.82M
Weighted Average Basic & Diluted Shares Outstanding	62.39M	63.60M	63.24M	78.02M	79.12M	81.25M	0.00	84.09M	83.92M	85.74M	85.82M

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	6/30/2026
Net Change in Cash & Equivalents	106	35	-168	31	128	-24	-109	-35	5.26	9.27	-0.28
Net Cash From Operating Activities	117	97	132	-4.46	-46	-58	-37	0.41	29	-9.12	52
Net Cash From Continuing Operating Activities	117	97	132	-4.46	-46	-58	-37	0.41	29	-9.12	52
Net Income / (Loss) Continuing Operations	85	75	61	-309	-91	-38	-44	-35	-19	-91	2.51
Consolidated Net Income / (Loss)	85	75	61	-309	-78	-38	-44	-35	-19	-91	2.51
Depreciation Expense	40	41	35	37	13	4.35	7.58	24	24	34	47
Non-Cash Adjustments To Reconcile Net Income	-0.89	3.80	2.92	273	42	-17	4.70	27	13	97	16
Changes in Operating Assets and Liabilities, net	-7.88	-23	33	-6.60	-11	-7.43	-5.59	-15	10	-48	-13
Net Cash From Investing Activities	-5.76	-114	181	64	223	48	-194	-16	-16	-11	-26
Net Cash From Continuing Investing Activities	-5.76	-114	181	64	223	48	-194	-16	-16	-11	-26
Purchase of Property, Plant & Equipment	-36	-11	-9.65	-9.42	-5.94	-4.29	-4.56	-16	-13	-17	-21
Acquisitions	-16	-4.65	-291	-4.37	8.07	0.00	-202	-0.42	-1.88	-17	-16
Purchase of Investments	-8.90	-12	-20	-1.06	2.03	-1.10	0.00	-0.11	0.00	0.00	-5.05
Sale of Property, Plant & Equipment	1.35	1.59	0.66	1.05	0.58	0.57	4.22	1.50	1.57	1.94	1.85
Divestitures	-	0.00	0.00	0.00	235	45	12	0.66	3.51	16	2.97
Sale and/or Maturity of Investments	-	0.00	9.18	1.31	0.00	0.00	0.00	0.11	0.25	0.00	0.00
Other Investing Activities, net	53	-88	491	77	-17	7.90	-3.44	-2.04	-7.20	4.32	11
Net Cash From Financing Activities	14	40	-473	-25	-49	-13	122	-19	-7.11	30	-27
Net Cash From Continuing Financing Activities	14	40	-473	-25	-49	-13	122	-19	-7.11	30	-27
Repayment of Debt	-8.72	-38	-78	-38	-763	-365	-6.89	-565	-220	-241	-143
Repurchase of Common Equity	-27	-46	0.00	-0.18	0.00	0.00	0.00	-1.29	-1.50	-14	-0.34
Payment of Dividends	-11	-2.07	0.00	-4.10	0.00	0.00	0.00	0.00	0.00	-0.43	-3.54
Issuance of Debt	-	16	45	823	705	360	571	544	207	289	131
Other Financing Activities, net	-51	63	-441	-805	9.26	-7.72	-442	2.63	7.38	-4.06	-10

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	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	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	6/30/2026
Net Change in Cash & Equivalents	11	-6.33	3.95	-16	13	9.50	4.34	-4.36	-7.54	24	-13
Net Cash From Operating Activities	0.58	19	5.65	-4.14	-9.17	11	-6.48	8.92	-11	38	17
Net Cash From Continuing Operating Activities	0.58	19	5.65	-4.18	-9.12	11	-5.38	8.85	-11	38	17
Net Income / (Loss) Continuing Operations	-2.71	-4.05	-5.04	-4.54	-32	-22	-29	-4.41	3.27	0.44	3.22
Consolidated Net Income / (Loss)	-2.71	-4.05	-5.04	-4.54	-32	-22	-29	-4.41	3.27	0.44	3.22
Depreciation Expense	5.81	5.79	6.21	6.28	8.22	8.43	11	13	14	11	10
Non-Cash Adjustments To Reconcile Net Income	1.98	2.79	4.34	4.04	39	25	29	5.02	-0.08	4.13	6.96
Changes in Operating Assets and Liabilities, net	-4.50	15	0.15	-9.95	-24	0.03	-16	-4.66	-28	22	-3.66
Net Cash From Investing Activities	1.91	-5.69	1.27	0.28	-11	-10	9.88	-0.46	-5.71	-9.75	-9.81
Net Cash From Continuing Investing Activities	1.91	-5.69	1.27	0.28	-11	-12	9.88	-0.46	-5.71	-9.75	-9.81
Purchase of Property, Plant & Equipment	-2.20	-2.94	-4.72	-3.97	-6.32	-2.82	-4.10	-3.98	-3.92	-3.40	-9.35
Acquisitions	-0.05	-0.05	-1.64	-0.17	-4.39	-11	-1.62	-1.14	-1.52	-12	-1.05
Purchase of Investments	-	-	0.25	-	-	-	-	-	-	-	-4.80
Sale of Property, Plant & Equipment	0.44	0.40	0.45	0.85	0.48	-	0.22	0.45	0.46	-0.67	1.61
Sale and/or Maturity of Investments	0.25	-	-0.25	-	-	-	-	-	-	-	-2.97
Other Investing Activities, net	-0.04	-3.09	7.17	3.57	-1.27	3.09	-1.07	4.21	-3.45	6.30	3.77
Net Cash From Financing Activities	8.34	-20	-2.97	-15	37	8.51	-0.16	-15	11	-3.50	-20
Net Cash From Continuing Financing Activities	8.34	-20	-2.97	-15	37	8.51	-0.16	-15	11	-3.50	-20
Repayment of Debt	-121	-7.24	-207	18	-32	-294	-92	27	-78	-39	-53
Repurchase of Common Equity	-0.20	-0.01	-1.29	-	-13	-0.03	-1.05	-	-	-0.04	-0.03
Payment of Dividends	-	-	-	-	-	-0.13	-	-	-	-	-3.54
Issuance of Debt	69	25	53	-	-	-	194	-	-	45	37
Other Financing Activities, net	61	-37	152	-34	9.22	208	-101	-42	41	-9.50	-0.35

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	6/30/2026
Total Assets	1,264	1,451	1,217	670	454	428	657	542	558	651	699
Total Current Assets	924	1,106	427	296	319	294	218	164	188	244	268
Cash & Equivalents	224	258	87	20	218	199	44	35	59	77	81
Restricted Cash	1.58	2.32	2.97	75	15	25	61	23	6.85	0.12	0.13
Note & Lease Receivable	37	80	61	21	16	21	34	37	44	74	104
Accounts Receivable	108	111	93	31	43	27	29	26	37	43	44
Inventories, net	10	8.02	10	5.71	20	22	34	27	18	24	20
Other Current Assets	537	640	149	25	8.01	0.47	16	15	23	27	19
Plant, Property, & Equipment, net	55	39	26	8.23	6.66	7.49	25	27	32	45	50
Total Noncurrent Assets	285	305	765	366	128	127	414	351	339	363	381
Long-Term Investments	26	28	86	148	66	10	5.86	3.17	0.21	0.20	0.30
Goodwill	179	189	169	37	24	29	163	134	139	199	215
Intangible Assets	49	39	27	2.23	0.61	0.36	157	122	111	139	123
Noncurrent Deferred & Refundable Income Taxes	-	0.00	4.78	0.23	0.36	0.62	3.78	10	3.45	10	12
Other Noncurrent Operating Assets	31	50	235	29	37	86	85	82	85	14	30
Total Liabilities & Shareholders' Equity	1,264	1,451	1,217	670	454	428	657	542	558	651	699
Total Liabilities	660	743	373	245	78	67	342	283	303	396	415
Total Current Liabilities	602	721	283	238	71	52	146	102	130	164	169
Short-Term Debt	8.68	25	44	85	17	2.82	22	13	25	36	37
Accounts Payable	14	15	21	9.87	6.29	7.11	19	12	17	20	24
Current Deferred & Payable Income Tax Liabilities	5.24	5.61	5.74	1.33	16	0.26	2.14	1.01	0.65	1.40	1.69
Other Current Liabilities	574	675	191	84	32	42	103	76	87	107	106
Total Noncurrent Liabilities	58	21	90	7.09	7.18	15	196	181	173	232	246
Long-Term Debt	43	7.50	5.47	-	-	0.00	135	129	127	189	195
Capital Lease Obligations	-	-	-	-	-	1.89	4.83	3.14	5.09	6.13	19
Noncurrent Deferred & Payable Income Tax Liabilities	13	11	16	1.32	1.86	10	54	47	38	34	28
Other Noncurrent Operating Liabilities	2.38	2.80	30	2.50	5.32	2.58	2.47	1.98	2.60	2.99	3.99
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	79
Total Equity & Noncontrolling Interests	603	600	737	317	290	276	235	179	176	166	205
Total Preferred & Common Equity	493	598	641	317	290	276	235	179	176	159	205
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	493	598	641	317	290	276	235	179	176	159	205
Common Stock	224	274	276	277	302	302	328	336	344	136	153
Retained Earnings	700	773	836	523	445	407	363	328	310	217	219
Treasury Stock	-242	-287	-287	-287	-287	-287	-287	-288	-290	-7.06	-0.23
Accumulated Other Comprehensive Income / (Loss)	-190	-163	-185	-196	-169	-146	-169	-196	-188	-186	-166
Noncontrolling Interest	110	2.77	96	0.00	0.00	0.00	0.00	0.00	0.00	6.84	0.00

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	6/30/2026
DEI Shares Outstanding	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	85,736,223.00
DEI Adjusted Shares Outstanding	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	85,736,223.00
DEI Earnings Per Adjusted Shares Outstanding	1.81	1.27	0.00	-5.47	-1.37	-0.67	-	-	-	-0.54	0.03
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.63%	3.27%	-24.67%	-65.05%	-10.17%	-9.36%	70.21%	137.17%	6.87%	16.92%	9.38%
EBITDA Growth	-8.57%	-10.64%	-35.49%	-410.95%	98.31%	85.25%	-4,074.46%	128.82%	229.88%	-293.44%	221.64%
EBIT Growth	-11.01%	-15.15%	-44.55%	-685.42%	94.29%	72.00%	-624.29%	57.96%	125.02%	-2,363.75%	120.99%
NOPAT Growth	-13.48%	-19.99%	-53.87%	-435.64%	67.21%	-21.75%	25.39%	61.82%	123.39%	-854.87%	139.93%
Net Income Growth	-12.34%	-11.83%	-18.13%	-604.29%	74.61%	51.43%	-15.29%	20.06%	50.28%	-402.49%	102.76%
EPS Growth	-15.35%	-22.22%	-18.05%	-602.75%	75.00%	51.09%	-11.94%	25.33%	51.79%	-322.22%	102.52%
Operating Cash Flow Growth	-13.83%	-16.64%	36.17%	-103.37%	-932.40%	-26.77%	36.27%	101.10%	6,921.71%	-131.69%	674.92%
Free Cash Flow Firm Growth	112.98%	-82.98%	-345.39%	1,223.23%	-118.15%	-16.52%	-245.25%	104.56%	-115.85%	-4,566.10%	56.80%
Invested Capital Growth	-0.01%	11.88%	13.27%	-88.29%	56.65%	40.42%	176.75%	-6.21%	1.29%	19.93%	10.61%
Revenue Q/Q Growth	-2.16%	0.63%	-25.73%	-31.87%	242.00%	9.81%	64.49%	2.20%	2.34%	8.52%	3.44%
EBITDA Q/Q Growth	0.00%	-11.36%	-11.50%	-896.37%	93.74%	98.60%	28.34%	83.45%	38.10%	-273.15%	208.61%
EBIT Q/Q Growth	-0.37%	-15.25%	-15.40%	-371.22%	80.90%	90.57%	16.42%	18.53%	215.11%	-5,546.62%	169.58%
NOPAT Q/Q Growth	0.93%	-20.51%	-21.35%	-101.85%	53.04%	-0.79%	7.96%	18.53%	207.61%	-1,798.00%	152.31%
Net Income Q/Q Growth	0.85%	-15.45%	-16.90%	-143.43%	69.56%	10.98%	-56.52%	8.46%	28.27%	-38.07%	108.76%
EPS Q/Q Growth	-2.29%	-17.90%	-13.49%	-145.74%	65.14%	51.45%	-56.25%	8.20%	28.95%	-39.02%	107.69%
Operating Cash Flow Q/Q Growth	2.98%	-23.26%	28.18%	-113.97%	-134.19%	25.21%	4.04%	102.56%	-12.48%	-402.75%	80.26%
Free Cash Flow Firm Q/Q Growth	185.59%	103.05%	81.88%	46.15%	-124.05%	47.22%	-352.31%	105.07%	-110.51%	3.81%	-682.05%
Invested Capital Q/Q Growth	604.97%	6.96%	-19.25%	-82.50%	1,295.99%	17.04%	160.95%	-5.32%	1.60%	-4.18%	6.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.89%	52.07%	47.00%	22.74%	29.10%	26.41%	24.39%	20.92%	21.54%	26.25%	9.30%
EBITDA Margin	26.22%	22.69%	19.43%	-172.85%	-3.26%	-0.53%	-13.00%	1.58%	4.87%	-8.07%	9.08%
Operating Margin	19.36%	15.91%	11.71%	-84.00%	-30.66%	-41.19%	-18.06%	-2.91%	0.64%	-4.11%	1.75%
EBIT Margin	19.36%	15.91%	11.71%	-196.10%	-12.47%	-3.85%	-16.40%	-2.91%	0.68%	-13.18%	2.54%
Profit (Net Income) Margin	14.35%	12.26%	13.32%	-192.15%	-54.30%	-29.10%	-19.71%	-6.64%	-3.09%	-13.28%	0.35%
Tax Burden Percent	67.17%	65.32%	64.73%	96.62%	120.52%	677.29%	109.96%	108.70%	136.27%	82.72%	67.42%
Interest Burden Percent	110.38%	117.94%	175.73%	101.41%	361.24%	111.49%	109.30%	210.24%	-333.28%	121.88%	20.22%
Effective Tax Rate	33.33%	37.14%	47.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	38.35%
Return on Invested Capital (ROIC)	18.86%	14.25%	5.84%	-33.02%	-40.25%	-33.40%	-11.32%	-3.04%	0.73%	-4.97%	1.81%
ROIC Less NNEP Spread (ROIC-NNEP)	12.61%	8.20%	-5.41%	28.41%	-25.59%	-33.26%	6.32%	-39.31%	-22.08%	-60.79%	-1.47%
Return on Net Nonoperating Assets (RNNOA)	-3.19%	-2.84%	2.05%	-15.61%	20.67%	23.06%	-1.67%	-9.20%	-7.51%	-28.95%	-0.88%
Return on Equity (ROE)	15.67%	11.40%	7.88%	-48.62%	-19.58%	-10.34%	-12.99%	-12.24%	-6.78%	-33.92%	0.93%
Cash Return on Invested Capital (CROIC)	18.87%	3.03%	-6.61%	125.06%	-84.40%	-67.02%	-105.15%	3.37%	-0.55%	-23.10%	-8.26%
Operating Return on Assets (OROA)	8.86%	7.15%	4.03%	-33.38%	-3.20%	-1.14%	-6.73%	-2.56%	0.70%	-14.34%	2.73%
Return on Assets (ROA)	6.57%	5.51%	4.59%	-32.70%	-13.94%	-8.63%	-8.09%	-5.85%	-3.17%	-14.46%	0.37%
Return on Common Equity (ROCE)	14.07%	9.49%	6.29%	-36.70%	-14.87%	-7.95%	-9.83%	-8.85%	-4.69%	-22.42%	0.63%
Return on Equity Simple (ROE_SIMPLE)	17.20%	12.51%	9.55%	-97.26%	-27.00%	-13.79%	-18.68%	-19.54%	-9.92%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	76	61	28	-94	-31	-38	-28	-11	2.51	-19	7.82
NOPAT Margin	12.91%	10.00%	6.12%	-58.80%	-21.46%	-28.83%	-12.64%	-2.03%	0.45%	-2.88%	1.08%
Net Nonoperating Expense Percent (NNEP)	6.25%	6.05%	11.24%	-61.43%	-14.66%	-0.14%	-17.65%	36.27%	22.81%	55.82%	3.28%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-4.70%	1.71%
Cost of Revenue to Revenue	49.11%	47.93%	53.00%	77.26%	70.90%	73.59%	75.61%	79.08%	78.46%	73.75%	90.70%
SG&A Expenses to Revenue	24.70%	29.38%	28.47%	90.22%	52.15%	64.28%	33.69%	18.00%	16.31%	19.94%	0.00%
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	31.53%	36.17%	35.30%	106.74%	59.76%	67.60%	42.12%	23.82%	20.91%	30.36%	6.94%
Earnings before Interest and Taxes (EBIT)	114	97	54	-315	-18	-5.04	-37	-15	3.84	-87	18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	155	138	89	-278	-4.70	-0.69	-29	8.34	28	-53	66
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.92	0.95	0.81	0.72	0.60	0.97	1.29	1.31	1.69	2.20	2.08
Price to Tangible Book Value (P/TBV)	1.72	1.53	1.16	0.82	0.65	1.08	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.77	0.93	1.12	1.41	1.20	2.04	1.37	0.44	0.53	0.55	0.59
Price to Earnings (P/E)	5.53	7.77	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	154.50
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	18.09%	12.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.65%
Enterprise Value to Invested Capital (EV/IC)	0.91	0.93	1.16	2.94	0.00	0.93	1.19	1.16	1.35	1.48	1.49
Enterprise Value to Revenue (EV/Rev)	0.62	0.69	1.29	1.10	0.00	0.94	1.95	0.75	0.83	0.93	0.93
Enterprise Value to EBITDA (EV/EBITDA)	2.37	3.05	6.65	0.00	0.00	0.00	0.00	47.70	17.04	0.00	10.25
Enterprise Value to EBIT (EV/EBIT)	3.21	4.35	11.03	0.00	0.00	0.00	0.00	0.00	122.02	0.00	36.58
Enterprise Value to NOPAT (EV/NOPAT)	4.81	6.93	21.09	0.00	0.00	0.00	0.00	0.00	186.46	0.00	86.21
Enterprise Value to Operating Cash Flow (EV/OCF)	3.15	4.35	4.49	0.00	0.00	0.00	0.00	969.95	16.28	0.00	12.85
Enterprise Value to Free Cash Flow (EV/FCFF)	4.81	32.55	0.00	0.49	0.00	0.00	0.00	33.38	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.09	0.05	0.06	0.20	0.05	0.01	0.51	0.56	0.62	0.89	0.88
Long-Term Debt to Equity	0.07	0.01	0.01	0.00	0.00	0.01	0.44	0.51	0.57	0.75	0.75
Financial Leverage	-0.25	-0.35	-0.38	-0.55	-0.81	-0.69	-0.26	0.23	0.34	0.48	0.60
Leverage Ratio	2.38	2.07	1.72	1.49	1.40	1.20	1.61	2.09	2.14	2.35	2.50
Compound Leverage Factor	2.63	2.44	3.02	1.51	5.07	1.34	1.76	4.40	-7.13	2.86	0.51
Debt to Total Capital	7.91%	4.43%	5.54%	16.66%	4.35%	1.29%	33.92%	35.94%	38.17%	46.95%	46.86%
Short-Term Debt to Total Capital	1.32%	3.42%	4.93%	16.66%	4.35%	0.77%	4.56%	3.14%	3.20%	7.39%	6.88%
Long-Term Debt to Total Capital	6.59%	1.01%	0.61%	0.00%	0.00%	0.52%	29.36%	32.80%	34.97%	39.56%	39.98%
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	16.82%	14.91%	22.77%	21.11%	21.66%	23.24%	16.70%	19.65%	19.24%	19.44%	14.76%
Common Equity to Total Capital	75.27%	80.66%	71.69%	62.22%	73.99%	75.47%	49.38%	44.40%	42.59%	33.60%	38.38%
Debt to EBITDA	0.33	0.24	0.55	-0.31	-3.63	-6.80	-5.58	17.42	5.73	-4.35	3.81
Net Debt to EBITDA	-1.29	-1.85	-1.42	0.57	59.85	330.53	-1.75	10.01	3.33	-2.90	2.57
Long-Term Debt to EBITDA	0.28	0.05	0.06	0.00	0.00	-2.73	-4.83	15.90	5.25	-3.66	3.25
Debt to NOPAT	0.68	0.54	1.76	-0.90	-0.55	-0.13	-5.73	-13.52	62.72	-12.20	32.07
Net Debt to NOPAT	-2.61	-4.19	-4.50	1.68	9.08	6.07	-1.80	-7.77	36.41	-8.15	21.60
Long-Term Debt to NOPAT	0.57	0.12	0.19	0.00	0.00	-0.05	-4.96	-12.34	57.46	-10.28	27.37
Altman Z-Score	2.26	2.16	2.46	0.44	3.54	4.65	1.59	2.36	2.55	1.76	2.35
Noncontrolling Interest Sharing Ratio	10.24%	16.82%	20.23%	24.52%	24.08%	23.09%	24.35%	27.71%	30.89%	33.91%	32.39%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.53	1.53	1.51	1.24	4.48	5.61	1.49	1.61	1.59	1.52	1.59
Quick Ratio	0.61	0.62	0.86	0.30	3.88	4.69	0.73	0.96	1.18	1.20	1.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	76	13	-32	358	-65	-76	-261	12	-1.89	-88	-36
Operating Cash Flow to CapEx	338.34%	1,011.78%	1,471.53%	-53.28%	-859.05%	-1,571.65%	-10,908.50%	2.80%	259.36%	-59.77%	279.00%
Free Cash Flow to Firm to Interest Expense	22.28	3.73	-3.72	36.28	-8.50	-25.38	-44.82	0.64	-0.10	-4.11	-1.93
Operating Cash Flow to Interest Expense	34.05	27.89	15.44	-0.45	-6.03	-19.57	-6.38	0.02	1.52	-0.43	2.83
Operating Cash Flow Less CapEx to Interest Expense	23.99	25.13	14.39	-1.30	-6.73	-20.82	-6.44	-0.77	0.93	-1.14	1.82
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.46	0.45	0.34	0.17	0.26	0.30	0.41	0.88	1.03	1.09	1.07
Accounts Receivable Turnover	5.16	5.57	4.49	2.58	3.89	3.76	8.02	19.35	18.10	16.66	16.79
Inventory Turnover	25.24	32.44	26.50	15.45	8.00	4.56	5.95	13.56	19.43	23.29	30.10
Fixed Asset Turnover	11.01	12.93	14.11	9.46	19.39	18.49	13.87	20.29	19.00	17.17	15.23
Accounts Payable Turnover	16.32	20.00	13.44	8.01	12.67	14.37	13.11	26.98	30.47	26.63	29.97
Days Sales Outstanding (DSO)	70.79	65.58	81.36	141.54	93.85	97.19	45.48	18.86	20.16	21.91	21.74
Days Inventory Outstanding (DIO)	14.46	11.25	13.77	23.63	45.61	80.06	61.36	26.91	18.78	15.67	12.13
Days Payable Outstanding (DPO)	22.36	18.25	27.16	45.55	28.81	25.41	27.85	13.53	11.98	13.71	12.18
Cash Conversion Cycle (CCC)	62.88	58.59	67.97	119.63	110.64	151.84	78.99	32.24	26.97	23.87	21.69
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	404	452	512	60	94	132	365	342	347	416	453
Invested Capital Turnover	1.46	1.42	0.95	0.56	1.88	1.16	0.90	1.49	1.64	1.73	1.68
Increase / (Decrease) in Invested Capital	-0.03	48	60	-452	34	38	233	-23	4.40	69	43
Enterprise Value (EV)	367	422	593	176	-23	122	434	398	469	615	674
Market Capitalization	456	568	516	227	174	266	304	235	298	365	426
Book Value per Share	$10.80	$10.38	$11.27	$5.59	$5.08	$4.88	$3.97	$2.91	$2.77	$2.04	$2.40
Tangible Book Value per Share	$5.81	$6.42	$7.82	$4.89	$4.65	$4.36	($1.43)	($1.23)	($1.16)	($2.13)	($1.56)
Total Capital	655	741	894	510	392	366	476	404	413	493	535
Total Debt	52	33	50	85	17	4.71	161	145	158	231	251
Total Long-Term Debt	43	7.50	5.47	0.00	0.00	1.89	140	133	144	195	214
Net Debt	-199	-256	-127	-159	-281	-229	51	83	92	155	169
Capital Expenditures (CapEx)	34	9.60	8.99	8.37	5.36	3.71	0.34	15	11	15	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	105	149	98	47	33	21	-11	16	17	43	54
Debt-free Net Working Capital (DFNWC)	330	410	188	142	265	245	94	74	83	120	136
Net Working Capital (NWC)	322	385	144	58	248	242	72	62	70	83	99
Net Nonoperating Expense (NNE)	-8.55	-14	-33	214	47	0.35	16	24	20	69	5.31
Net Nonoperating Obligations (NNO)	-199	-256	-332	-365	-281	-229	51	83	92	155	169
Total Depreciation and Amortization (D&A)	41	41	35	37	13	4.35	7.58	24	24	34	47
Debt-free, Cash-free Net Working Capital to Revenue	17.77%	24.49%	21.40%	29.28%	22.58%	15.97%	-5.06%	2.99%	3.01%	6.55%	7.50%
Debt-free Net Working Capital to Revenue	55.89%	67.24%	40.99%	88.71%	183.69%	187.06%	42.02%	14.09%	14.69%	18.17%	18.75%
Net Working Capital to Revenue	54.42%	63.09%	31.40%	35.80%	171.87%	184.90%	32.28%	11.69%	12.34%	12.65%	13.68%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.72	$1.34	$0.69	($5.42)	($1.37)	($0.67)	($0.75)	($0.56)	($0.27)	($1.14)	$0.03
Adjusted Weighted Average Basic Shares Outstanding	54.14M	56.34M	56.37M	0.00	57.12M	57.00M	59.31M	61.52M	63.24M	0.00	85.82M
Adjusted Diluted Earnings per Share	$1.71	$1.33	$0.69	($5.42)	($1.37)	($0.67)	($0.75)	($0.56)	($0.27)	($1.14)	$0.03
Adjusted Weighted Average Diluted Shares Outstanding	54.14M	56.34M	56.37M	0.00	57.12M	57.00M	59.31M	61.52M	63.24M	0.00	85.82M
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	54.14M	56.34M	56.37M	0.00	57.12M	57.00M	59.31M	61.52M	63.24M	0.00	85.82M
Normalized Net Operating Profit after Tax (NOPAT)	76	61	39	-84	-27	-38	-20	-5.82	4.12	-5.77	10
Normalized NOPAT Margin	12.91%	10.00%	8.50%	-52.51%	-18.39%	-28.83%	-9.12%	-1.10%	0.73%	-0.87%	1.42%
Pre Tax Income Margin	21.37%	18.76%	20.58%	-198.86%	-45.06%	-4.30%	-17.92%	-6.11%	-2.27%	-16.06%	0.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	33.41	27.85	6.28	-31.95	-2.36	-1.69	-6.26	-0.83	0.20	-4.05	1.00
NOPAT to Interest Expense	22.27	17.51	3.28	-9.58	-4.05	-12.65	-4.83	-0.58	0.13	-0.88	0.42
EBIT Less CapEx to Interest Expense	23.35	25.10	5.23	-32.80	-3.06	-2.94	-6.32	-1.62	-0.38	-4.76	-0.02
NOPAT Less CapEx to Interest Expense	12.21	14.75	2.23	-10.43	-4.76	-13.89	-4.89	-1.37	-0.45	-1.60	-0.59
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.20%	2.76%	0.00%	-1.33%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.49%	140.84%
Augmented Payout Ratio	44.61%	64.02%	0.00%	-1.39%	0.00%	0.00%	0.00%	-3.67%	-8.57%	-16.08%	154.34%

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

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	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	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	158,249,198.00	162,498,800.00	83,673,097.00	-	83,920,675.00	85,736,223.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	158,249,198.00	162,498,800.00	83,673,097.00	-	83,920,675.00	85,736,223.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-0.14	-0.18	-0.05	-	0.01	0.03
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.75%	3.15%	9.69%	6.95%	2.03%	17.30%	15.35%	11.64%	1.02%	12.93%	12.68%
EBITDA Growth	116.96%	59.75%	875.66%	2.42%	-405.85%	-276.55%	-458.22%	113.08%	170.67%	213.95%	191.11%
EBIT Growth	203.70%	142.85%	104.45%	-119.74%	-1,549.80%	-2,625.82%	-11,651.53%	951.11%	112.27%	113.49%	132.65%
NOPAT Growth	203.70%	142.85%	104.45%	-119.74%	-65.82%	-53.90%	-9,727.46%	951.11%	371.74%	222.45%	138.16%
Net Income Growth	59.29%	30.46%	57.72%	23.03%	-1,086.04%	-451.84%	-504.97%	2.82%	111.20%	101.96%	108.99%
EPS Growth	63.64%	33.33%	57.89%	22.22%	-900.00%	-366.67%	-400.00%	28.57%	110.00%	103.57%	106.82%
Operating Cash Flow Growth	-82.95%	475.56%	-42.07%	-222.61%	-1,672.04%	-44.41%	-214.70%	315.69%	-19.11%	252.34%	360.17%
Free Cash Flow Firm Growth	102.16%	109.35%	-123.28%	-159.12%	-1,838.34%	-543.31%	-2,021.99%	-16.23%	78.31%	112.13%	56.98%
Invested Capital Growth	-0.92%	-5.61%	1.29%	9.36%	24.23%	27.16%	19.93%	10.75%	4.63%	-2.39%	10.61%
Revenue Q/Q Growth	5.73%	-3.96%	5.68%	-0.34%	0.87%	-8.39%	4.35%	1.77%	4.25%	2.42%	4.46%
EBITDA Q/Q Growth	32.91%	-18.56%	-1.29%	-4.14%	-496.90%	53.42%	-103.83%	157.02%	32.85%	-24.89%	63.11%
EBIT Q/Q Growth	896.93%	-65.07%	-62.85%	-115.25%	-73,131.11%	39.56%	-71.66%	101.12%	962.92%	-33.55%	316.56%
NOPAT Q/Q Growth	896.93%	-65.07%	-62.85%	-115.25%	1,826.67%	-33.09%	-5,091.39%	101.35%	573.74%	-54.26%	832.43%
Net Income Q/Q Growth	54.13%	-49.50%	-24.41%	9.79%	-606.87%	31.13%	-31.35%	84.75%	182.26%	-87.96%	554.00%
EPS Q/Q Growth	55.56%	-50.00%	-33.33%	12.50%	-471.43%	30.00%	-48.15%	87.50%	180.00%	-75.00%	200.00%
Operating Cash Flow Q/Q Growth	-82.72%	3,189.88%	-70.53%	-173.20%	-121.54%	216.34%	-160.80%	237.64%	-222.34%	444.17%	-55.11%
Free Cash Flow Firm Q/Q Growth	138.70%	332.37%	-120.11%	-669.81%	-159.66%	-10.05%	3.57%	54.44%	55.07%	161.54%	-419.01%
Invested Capital Q/Q Growth	1.04%	-2.00%	1.60%	8.71%	14.78%	0.31%	-4.18%	1.08%	7.69%	-6.42%	6.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.59%	21.95%	22.58%	23.81%	31.00%	26.68%	28.81%	30.92%	31.36%	32.30%	-52.74%
EBITDA Margin	5.62%	4.77%	4.45%	4.28%	-16.84%	-7.17%	-13.82%	7.74%	9.87%	7.24%	11.30%
Operating Margin	1.58%	0.57%	0.20%	-0.03%	0.53%	0.23%	-16.86%	0.22%	1.20%	2.23%	3.17%
EBIT Margin	1.58%	0.57%	0.20%	-0.03%	-22.45%	-12.37%	-20.23%	0.22%	2.28%	1.48%	5.89%
Profit (Net Income) Margin	-1.88%	-2.93%	-3.45%	-3.12%	-21.87%	-13.78%	-17.18%	-2.57%	2.03%	0.24%	1.49%
Tax Burden Percent	131.15%	128.11%	140.13%	101.14%	83.25%	88.35%	76.37%	96.80%	86.64%	23.20%	129.26%
Interest Burden Percent	-90.81%	-397.86%	-1,217.97%	9,980.00%	117.04%	126.05%	111.23%	-1,190.60%	102.95%	69.65%	19.62%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	15.99%	79.78%	-27.05%
Return on Invested Capital (ROIC)	1.73%	0.63%	0.23%	-0.03%	0.55%	0.26%	-20.41%	0.26%	1.55%	0.74%	6.76%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.17%	-4.78%	-5.76%	-4.47%	-27.61%	-18.42%	-27.79%	-3.20%	2.69%	0.48%	3.77%
Return on Net Nonoperating Assets (RNNOA)	-1.10%	-1.53%	-1.96%	-1.75%	-11.66%	-8.35%	-13.23%	-1.63%	1.52%	0.27%	2.26%
Return on Equity (ROE)	0.63%	-0.90%	-1.73%	-1.79%	-11.11%	-8.09%	-33.65%	-1.37%	3.07%	1.00%	9.02%
Cash Return on Invested Capital (CROIC)	-0.27%	5.11%	-0.55%	-8.30%	-21.28%	-23.70%	-23.10%	-14.87%	-8.49%	-1.06%	-8.26%
Operating Return on Assets (OROA)	1.41%	0.54%	0.21%	-0.03%	-21.20%	-13.16%	-22.02%	0.25%	2.30%	1.56%	6.32%
Return on Assets (ROA)	-1.68%	-2.76%	-3.53%	-3.26%	-20.65%	-14.66%	-18.70%	-2.90%	2.05%	0.25%	1.60%
Return on Common Equity (ROCE)	0.45%	-0.63%	-1.19%	-1.24%	-7.57%	-5.43%	-22.23%	-0.92%	2.03%	0.68%	6.10%
Return on Equity Simple (ROE_SIMPLE)	-14.57%	-14.05%	0.00%	-8.73%	-23.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	1.59	0.56	0.21	-0.03	0.54	0.26	-20	0.27	1.81	0.83	7.70
NOPAT Margin	1.11%	0.40%	0.14%	-0.02%	0.37%	0.16%	-11.80%	0.16%	1.01%	0.45%	4.03%
Net Nonoperating Expense Percent (NNEP)	5.90%	5.41%	5.99%	4.44%	28.16%	18.68%	7.37%	3.47%	-1.14%	0.25%	3.00%
Return On Investment Capital (ROIC_SIMPLE)	0.47%	-	-	-	0.13%	0.06%	-4.92%	0.07%	0.42%	0.19%	1.69%
Cost of Revenue to Revenue	79.41%	78.05%	77.42%	76.19%	69.00%	73.32%	71.19%	69.08%	68.64%	67.70%	152.74%
SG&A Expenses to Revenue	14.95%	16.73%	17.00%	18.36%	24.87%	20.11%	20.21%	23.12%	20.18%	21.44%	0.00%
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	19.01%	21.38%	22.55%	23.84%	30.48%	26.06%	45.67%	30.69%	27.80%	28.70%	-54.70%
Earnings before Interest and Taxes (EBIT)	2.27	0.79	0.30	-0.05	-33	-20	-34	0.38	4.07	2.71	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8.09	6.59	6.50	6.23	-25	-12	-23	13	18	13	22
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.12	1.35	1.69	1.72	2.20	2.04	2.20	2.04	2.22	2.29	2.08
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)	0.37	0.42	0.53	0.55	0.74	0.59	0.55	0.51	0.59	0.61	0.59
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	154.50
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%	0.65%
Enterprise Value to Invested Capital (EV/IC)	1.06	1.18	1.35	1.35	1.54	1.44	1.48	1.42	1.49	1.57	1.49
Enterprise Value to Revenue (EV/Rev)	0.68	0.73	0.83	0.89	1.15	0.98	0.93	0.88	0.99	0.95	0.93
Enterprise Value to EBITDA (EV/EBITDA)	21.18	20.19	17.04	18.57	23.47	20.67	0.00	0.00	0.00	31.16	10.25
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	122.02	153.44	364.96	538.46	0.00	0.00	0.00	0.00	36.58
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	186.46	219.21	521.37	769.24	0.00	0.00	0.00	0.00	86.21
Enterprise Value to Operating Cash Flow (EV/OCF)	42.96	12.23	16.28	23.92	57.64	207.84	0.00	151.67	307.85	22.83	12.85
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	22.39	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.60	0.59	0.62	0.62	0.71	0.80	0.89	0.85	0.89	0.90	0.88
Long-Term Debt to Equity	0.55	0.54	0.57	0.57	0.29	0.61	0.75	0.76	0.76	0.71	0.75
Financial Leverage	0.26	0.32	0.34	0.39	0.42	0.45	0.48	0.51	0.57	0.55	0.60
Leverage Ratio	2.21	2.19	2.14	2.12	2.22	2.25	2.35	2.27	2.38	2.40	2.50
Compound Leverage Factor	-2.01	-8.72	-26.07	211.53	2.60	2.84	2.61	-27.07	2.45	1.67	0.49
Debt to Total Capital	37.51%	37.04%	38.17%	38.26%	41.45%	44.40%	46.95%	45.98%	47.06%	47.28%	46.86%
Short-Term Debt to Total Capital	3.06%	3.06%	3.20%	3.22%	24.20%	10.22%	7.39%	5.09%	6.57%	9.94%	6.88%
Long-Term Debt to Total Capital	34.46%	33.98%	34.97%	35.04%	17.26%	34.18%	39.56%	40.90%	40.49%	37.34%	39.98%
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	19.08%	19.80%	19.24%	18.60%	19.38%	18.95%	19.44%	19.45%	18.39%	16.46%	14.76%
Common Equity to Total Capital	43.41%	43.15%	42.59%	43.14%	39.16%	36.65%	33.60%	34.56%	34.55%	36.27%	38.38%
Debt to EBITDA	8.95	7.46	5.73	5.96	7.23	7.41	-4.35	-4.91	-69.07	11.41	3.81
Net Debt to EBITDA	5.05	4.46	3.33	4.14	5.08	5.05	-2.90	-3.34	-49.45	7.15	2.57
Long-Term Debt to EBITDA	8.22	6.84	5.25	5.46	3.01	5.70	-3.66	-4.37	-59.42	9.01	3.25
Debt to NOPAT	-37.29	-63.63	62.72	70.37	160.53	275.62	-12.20	-12.14	-14.02	-16.28	32.07
Net Debt to NOPAT	-21.05	-38.04	36.41	48.81	112.74	188.01	-8.15	-8.26	-10.03	-10.19	21.60
Long-Term Debt to NOPAT	-34.25	-58.37	57.46	64.45	66.82	212.19	-10.28	-10.80	-12.06	-12.86	27.37
Altman Z-Score	2.26	2.43	2.53	2.63	2.02	2.15	2.03	2.21	2.15	2.31	2.31
Noncontrolling Interest Sharing Ratio	28.67%	29.81%	30.89%	30.65%	31.89%	32.84%	33.91%	33.08%	33.90%	32.67%	32.39%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.58	1.60	1.59	1.73	0.93	1.37	1.52	1.61	1.57	1.54	1.59
Quick Ratio	0.97	1.12	1.18	1.31	0.69	1.09	1.20	1.33	1.27	1.32	1.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	4.82	21	-4.19	-32	-84	-92	-89	-41	-18	11	-36
Operating Cash Flow to CapEx	33.09%	752.75%	132.52%	-132.81%	-156.85%	378.52%	-167.04%	252.92%	-315.22%	923.32%	218.00%
Free Cash Flow to Firm to Interest Expense	1.00	4.55	-0.91	-6.42	-13.58	-15.75	-19.91	-8.28	-3.97	2.50	-7.88
Operating Cash Flow to Interest Expense	0.12	4.19	1.22	-0.82	-1.48	1.82	-1.45	1.82	-2.38	8.39	3.72
Operating Cash Flow Less CapEx to Interest Expense	-0.24	3.63	0.30	-1.44	-2.43	1.34	-2.32	1.10	-3.13	7.48	2.01
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.89	0.94	1.03	1.04	0.94	1.06	1.09	1.12	1.01	1.06	1.07
Accounts Receivable Turnover	15.78	16.06	18.10	19.86	13.21	18.13	16.66	18.16	13.01	17.16	16.79
Inventory Turnover	13.93	15.76	19.43	18.61	15.76	23.84	23.29	24.83	18.13	26.45	30.10
Fixed Asset Turnover	19.59	19.51	19.00	18.46	16.33	18.12	17.17	16.78	15.27	16.04	15.23
Accounts Payable Turnover	19.04	20.69	30.47	33.78	24.34	28.34	26.63	30.42	25.80	27.84	29.97
Days Sales Outstanding (DSO)	23.13	22.73	20.16	18.38	27.64	20.13	21.91	20.10	28.06	21.27	21.74
Days Inventory Outstanding (DIO)	26.20	23.16	18.78	19.62	23.16	15.31	15.67	14.70	20.13	13.80	12.13
Days Payable Outstanding (DPO)	19.17	17.64	11.98	10.81	15.00	12.88	13.71	12.00	14.15	13.11	12.18
Cash Conversion Cycle (CCC)	30.16	28.25	26.97	27.19	35.80	22.57	23.87	22.80	34.04	21.96	21.69
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	348	341	347	377	433	434	416	420	453	424	453
Invested Capital Turnover	1.56	1.57	1.64	1.59	1.48	1.65	1.73	1.69	1.53	1.63	1.68
Increase / (Decrease) in Invested Capital	-3.23	-20	4.40	32	84	93	69	41	20	-10	43
Enterprise Value (EV)	370	402	469	509	665	626	615	597	673	664	674
Market Capitalization	202	234	298	316	425	377	365	347	401	427	426
Book Value per Share	$2.90	$2.77	$2.77	$2.91	$2.48	$2.34	$2.04	$2.04	$2.15	$2.22	$2.40
Tangible Book Value per Share	($1.20)	($1.14)	($1.16)	($1.21)	($1.71)	($2.11)	($2.13)	($2.02)	($1.94)	($1.72)	($1.56)
Total Capital	416	401	413	427	494	505	493	493	523	515	535
Total Debt	156	149	158	163	205	224	231	227	246	243	251
Total Long-Term Debt	143	136	144	150	85	173	195	202	212	192	214
Net Debt	88	89	92	113	144	153	155	154	176	152	169
Capital Expenditures (CapEx)	1.76	2.55	4.27	3.12	5.84	2.82	3.88	3.53	3.46	4.07	7.74
Debt-free, Cash-free Net Working Capital (DFCFNWC)	19	22	17	35	43	38	43	44	68	56	54
Debt-free Net Working Capital (DFNWC)	87	82	83	85	104	109	120	116	137	147	136
Net Working Capital (NWC)	74	70	70	71	-16	57	83	91	103	96	99
Net Nonoperating Expense (NNE)	4.30	4.60	5.24	4.51	33	23	9.07	4.68	-1.82	0.39	4.84
Net Nonoperating Obligations (NNO)	88	89	92	113	144	153	155	154	176	152	169
Total Depreciation and Amortization (D&A)	5.81	5.79	6.21	6.28	8.22	8.43	11	13	14	11	10
Debt-free, Cash-free Net Working Capital to Revenue	3.46%	4.04%	3.01%	6.06%	7.45%	5.94%	6.55%	6.50%	9.98%	8.03%	7.50%
Debt-free Net Working Capital to Revenue	15.86%	14.85%	14.69%	14.75%	17.99%	17.08%	18.17%	17.17%	20.22%	20.98%	18.75%
Net Working Capital to Revenue	13.53%	12.62%	12.34%	12.35%	-2.73%	8.99%	12.65%	13.47%	15.16%	13.67%	13.68%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.04)	($0.06)	($0.08)	($0.07)	($0.40)	$0.00	($0.40)	($0.05)	$0.04	$0.01	$0.03
Adjusted Weighted Average Basic Shares Outstanding	62.39M	63.60M	63.24M	78.02M	79.12M	0.00	0.00	84.09M	83.92M	85.74M	85.82M
Adjusted Diluted Earnings per Share	($0.04)	($0.06)	($0.08)	($0.07)	($0.40)	$0.00	($0.40)	($0.05)	$0.04	$0.01	$0.03
Adjusted Weighted Average Diluted Shares Outstanding	62.39M	63.60M	63.24M	78.02M	79.12M	0.00	0.00	84.09M	83.92M	85.74M	85.82M
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	62.39M	63.60M	63.24M	78.02M	79.12M	0.00	0.00	84.09M	83.92M	85.74M	85.82M
Normalized Net Operating Profit after Tax (NOPAT)	1.61	1.00	0.21	1.16	0.54	0.26	-20	0.33	1.85	4.68	4.24
Normalized NOPAT Margin	1.12%	0.72%	0.14%	0.80%	0.37%	0.16%	-11.80%	0.19%	1.03%	2.56%	2.22%
Pre Tax Income Margin	-1.43%	-2.29%	-2.46%	-3.09%	-26.27%	-15.60%	-22.50%	-2.66%	2.34%	1.03%	1.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.47	0.17	0.06	-0.01	-5.34	-3.42	-7.62	0.08	0.89	0.60	2.48
NOPAT to Interest Expense	0.33	0.12	0.04	-0.01	0.09	0.04	-4.45	0.05	0.39	0.18	1.70
EBIT Less CapEx to Interest Expense	0.11	-0.38	-0.86	-0.63	-6.28	-3.90	-8.49	-0.64	0.13	-0.30	0.78
NOPAT Less CapEx to Interest Expense	-0.04	-0.43	-0.88	-0.63	-0.86	-0.44	-5.32	-0.67	-0.36	-0.72	-0.01
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	-0.66%	-0.67%	-0.49%	0.00%	-0.25%	0.00%	140.84%
Augmented Payout Ratio	-4.53%	-4.21%	-8.57%	-9.30%	-31.19%	-22.36%	-16.08%	0.00%	-2.87%	-4.74%	154.34%

Financials Breakdown Chart

Key Financial Trends

Lesaka Technologies’ financial profile has improved meaningfully from the losses reported in 2022–2025, but the latest figures remain mixed. Revenue has generally expanded across the provided periods, while profitability has only recently turned positive. At the same time, cash generation is volatile, debt remains substantial, and the company’s share count has increased.

Revenue continues to grow. Quarterly revenue increased from $121.8 million in Q4 2022 to $191.2 million in Q4 2026, a gain of roughly 57%. Q4 2026 revenue also rose 4.5% from $183.1 million in Q3.
Profitability has improved sharply. Lesaka reported $2.9 million of net income attributable to common shareholders in Q4 2026, compared with losses of $28.8 million in Q4 2025 and $4.3 million in Q1 2026. Earnings per share improved to $0.03 from a loss of $0.05 in Q1 2026.
Operating cash flow has been positive in most recent quarters. Cash flow from operations was $8.9 million in Q1 2026, $37.6 million in Q3, and $16.9 million in Q4. This is a notable improvement from the $10.9 million operating cash outflow in Q2 2026 and the $6.5 million outflow in Q4 2025.
Liquidity has improved over the longer term. Cash and equivalents increased from $35.1 million at September 30, 2023, to $90.6 million at March 31, 2026. The latest reported balance sheet also shows current assets of $274.5 million versus current liabilities of $178.8 million, implying a current ratio of approximately 1.5.
Cash flow remains highly dependent on financing activity. Despite positive operating cash flow in Q4 2026, the company reported a $12.7 million net decline in cash because investing activities used $9.8 million and financing activities used $19.8 million. Debt issuance and repayment have been large and inconsistent across the reported quarters.
Investment and expansion spending continues. Q4 2026 capital expenditures totaled $9.3 million, while acquisitions used an additional $1.1 million. These investments could support future growth, but they also reduce near-term free cash flow.
Leverage remains elevated. As of March 31, 2026, short-term and long-term debt totaled approximately $237.4 million, excluding $5.9 million of capital lease obligations. Interest expense was $4.5 million in Q4 2026, absorbing a meaningful portion of operating income.
Shareholder dilution has been a concern. Weighted average shares outstanding increased from approximately 63.2 million in Q4 2024 to 85.8 million in Q4 2026. This increase can limit the benefit of improving companywide earnings for each individual shareholder.
The balance sheet contains a large amount of goodwill and intangible assets. Goodwill of $207.1 million and intangible assets of $124.0 million represented nearly half of total assets at March 31, 2026. Future impairments could reduce reported equity and earnings.
Reported margins are difficult to interpret in Q4 2026. The income statement lists total revenue of $191.2 million and total cost of revenue of $292.0 million, producing a reported gross loss of $100.8 million, while also showing positive operating income of $6.1 million. This unusual presentation may reflect classification or calculation issues and warrants review in the company’s filing.

Overall, Lesaka appears to be moving toward a more profitable operating model, supported by higher revenue and positive recent operating cash flow. However, investors should balance that progress against significant leverage, inconsistent cash movements, dilution, and the unusual Q4 2026 income-statement presentation.

09/20/26 03:00 AM ETAI Generated. May Contain Errors.

Lesaka Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Lesaka Technologies' fiscal year ends in June. Their fiscal year 2026 ended on June 30, 2026.

Lesaka Technologies' net income appears to be on an upward trend, with a most recent value of $2.51 million in 2026, falling from $84.80 million in 2016. The previous period was -$91.09 million in 2025. Check out Lesaka Technologies' forecast to explore projected trends and price targets.

Lesaka Technologies' total operating income in 2026 was $12.68 million, based on the following breakdown:

Total Gross Profit: $67.34 million
Total Operating Expenses: $50.27 million

Over the last 10 years, Lesaka Technologies' total revenue changed from $590.75 million in 2016 to $724.44 million in 2026, a change of 22.6%.

Lesaka Technologies' total liabilities were at $414.96 million at the end of 2026, a 4.7% increase from 2025, and a 37.2% decrease since 2016.

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 $81.41 million as of their latest financial filing in 2026.

Over the last 10 years, Lesaka Technologies' book value per share changed from 10.80 in 2016 to 2.40 in 2026, a change of -77.8%.

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Financial statements for NASDAQ:LSAK last updated on 9/9/2026 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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