Lesaka Technologies (LSAK) Corporate presentation summary

Market opportunity and positioning

• Operates in five Southern African countries, targeting the fastest-growing fintech market globally with a projected 13x revenue growth by 2030 and a 32% CAGR for Africa's fintech sector.

• Addresses a fragmented financial ecosystem with an integrated, multi-product platform for consumers, merchants, and enterprises.

• Leverages demographic tailwinds, including Africa's young and rapidly growing population, to drive long-term demand for fintech services.

• Positioned as a natural consolidator with a wide footprint, strong brand, and proprietary M&A playbook.

Business model and solutions

• Provides digital banking, lending, insurance, payments, and software solutions tailored to local needs across consumer, merchant, and enterprise segments.

• Utilizes a hybrid distribution model combining digital and hyper-local physical hubs, enabling deep community engagement and efficient customer acquisition.

• Focuses on cross-selling and bundling products to increase ARPU and deepen customer relationships.

• Recent acquisitions (Adumo, Recharger, Touchsides, pending Bank Zero) expand product breadth, scale, and data capabilities.

Financial performance and growth

• Net revenue grew from R3.3bn in FY22 to R5.3bn in FY25, with FY26 guidance of R6.2bn–R6.9bn.

• Group Adjusted EBITDA improved from a loss of R335m in FY22 to R907m in FY25, with FY26 guidance of R1.25bn–R1.35bn.

• Adjusted earnings per share rose from (R7.84) in FY22 to R2.10 in FY25, with FY26 guidance of R5.50–R6.00.

• Q3 FY26 net revenue was R1.58bn, up 16% YoY, with strong growth in consumer and enterprise segments.

• Net debt/EBITDA ratio improved to 2.1x by Q3 FY26, reflecting stronger cash flow and deleveraging.