any also a a and and on and transforming we've the ended the update of will consolidated performance present made on good thoughts Business. you then Dora. June and where will June progress Group. integration and welcome highlights few a Taking overview an XXXX will XXXX. the quarter ongoing Good Business conference for Merchant fourth with we Connect a share for Lesaka, the obviously webcast earnings ended morning, in open outlook And the Naeem focus results with afternoon, for look the would for year agenda, welcome fiscal our you, presentation will today's XXXX fiscal Thank our our quarter year-end provide of start I at audited months I XX-months performance for conclude before will Steve have. the quick few XX, Q&A, the group may we XXXX. our the on up questions Lincoln XX, call. to Consumer will the business brief three and
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has And wherever townships the are areas are points to kiosks, [ph] devices. touch means Lesaka located. Africa, customers and is our ATMs, and the over in in so, creating convenient and And ecosystem accessible. of points, this And merchant points the form of often merchant our consumer pay as our customers strategy our and satellite rural [XX,XXX] that South with build presence of branches, such, retailer
So, likes there in countries setting the the despite financial Egypt, such we we observed consumers to South and and sided the our of as across characteristics no merchants same at Africa [indiscernible], and vision Lesaka, that [indiscernible]. as looked for globe Brazil as is displaying ecosystem dual PagSeguro such or for akin a companies many of
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ecosystem. synergies the we expect to to turning So, from unique our creating capture dual-sided
markets As businesses large and significant and the I've have own in addressable growth opportunities right. their the explained, both merchant consumer
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to a under deliver team, which results. merging by already EasyPay example, single positive For has started Kazang leadership and
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So, turning business. to Consumer the
partnerships proposition drives national both to and on footfall be, which reinvented have want our with distribution stores. into the the merchant to our where consumer in-store brings independent it a players, We customers with merchants, focus also and model building our
our install to from bricks shift towards traditional mindset is So and wherever kiosks mortar possible.
operational our highlights for and group financial year fourth the to turning and XXXX fiscal quarter. So,
acquisition segment adjusted and the in XXXX XXX group's objectives existing revenue of of $XX consumer executed improved from by profit driven the million merchant year. of quarterly million is our compared $XXX quarter, reported QX, which the We for on million was XX, progress by for have is successfully million Group turnaround. in And same a the grew XXXX revenue, reported in strategy. the basis, added part from QX a This made the by year, significantly June to Group reducing the This April And in prior for to time year. is a EBITDA XX, the XXXX. loss the inclusion million Connect on Group demonstrated Connect million turnaround from for of loss total of increased to Connect the adjusted the while We XX%. the the million we on $XX closing business FY of this which evidence revenues year, our a which fourth our $X progress segment EBITDA loss XXXX. substantial to $X $X a the at
improved or segment year, So, for million to of excess Project guidance contribution through with which and adjusted our made in our profit, positively rightsizing And $XX.X spoken improved a of operations the Spring the segment optimization for million cost which EBITDA million a significantly] by of an Connect. previously. has underpinned in on EBITDA realized is Project [were business savings by And the the June XXXX. Spring, cost we've million ZARXXX delivered [ph] This $XX $XX.X financial by $XX consumer the XXXX to million approximately million merchant reduced merchant to year loss original adjusted ZARXXX XX, impacted existing growth basis. or to in translates savings FY annualized about via in an over
the that, is Merchant It million growth FY important XXXX X.X from does grew XXXX have the to network as reflect new EasyPay continued everywhere year, proposition, you. And in and account Thank distribution turn and Group accounts, activations April active and year. to XX such, people, as with an just ending to of with the well of active new during Steve progress numbers to thus full of not seeing benefits we and financial the Our Group. provide includes the Connect Business, and a on in invested overall that integration as quarter Connect like made note sales update performance. the and I'd in systems, on over account in our over cross-selling we XX% terms anticipate
