Lesaka Earnings Double on Acquisitions
Lesaka Technologies (NASDAQ:LSAK) reported fourth-quarter 2025 results on June 3, 2025, posting net revenue of ZAR 5.3 billion (non-GAAP) for FY2025 and adjusted EBITDA (non-GAAP) of ZAR 922 million for FY2025, in line with guidance. Adjusted earnings per share surged year-over-year from ZAR 0.80 to ZAR 2.29, and management issued fiscal 2026 guidance of more than ZAR 4.60 per share. This analysis highlights Lesaka’s operational execution, accretive acquisitions, and transformative strategic initiatives impacting the long-term investment outlook.
For the full year, adjusted earnings reached ZAR 186 million, up substantially from ZAR 51 million a year earlier, driven by strong performance in the Consumer division and accretive contributions from the Adumo and Recharger acquisitions. The company’s leverage ratio (net debt/adjusted EBITDA) ended at 2.9x for the trailing 12 months, or 2.2x when annualizing Q4 results, edging closer to its medium-term target of sub-2x.
This substantial earnings growth, with improving leverage aligned to acquisition integration, signals accelerating profit scalability and an improving risk profile supportive of long-term capital deployment.
Source Fool.com
