LSAK - Earnings call transcript Q1 2025 | Lesaka Technologies, Inc.

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Bronwyn Nielsen

Hello, everyone, and welcome to the Lesaka Technologies Webcast and Conference Call for the First Quarter of Fiscal 2025.

As a reminder, the webcast is being recorded, and the presentation can be accessed through the webcast link as well as dialing into the Zoom conference call [Operator Instructions]. The webcast link, Zoom conference call dial-in numbers as well as our press release and supplementary investor presentation are available on our Investor Relations website at ir.lesakatech.com.Â Additionally, Lesaka filed its Form 10-Q after the U.S. market close yesterday, which is also available on our Investor Relations website.

As a reminder, during this call, we will be making forward-looking statements, and I ask you to look at the cautionary language contained in our Form 10-Q regarding the risks and uncertainties associated with forward-looking statements. filer United domestic results we a U.S. in as in States, the report Also, U.S. under dollars in is it is as our rand, currency note South and rand. performance analyze we GAAP.Â However, such, to African important that African South our operational our In in rand, South results this non-GAAP. will is African we presentation, discuss which trends understanding our assists investors in This the underlying business.

Smith, update September Mazanderani, our know, the South XX, the Ali Lincoln the between update will Group and provide the of currency African Mali, today's the a present ended on an Africa, Chairman U.S. financial by quarter. results on an X guidance. at Head the of be can give of who months division, company's take you Corporate will Southern fluctuations As the significantly followed Development, by CEO look rand.Â Taking us an performance of will Daniel affected Consumer for Lesaka, the CFO, XXXX, overview Heilbron, Merchant will dollar of an provide agenda, overview Lesaka through and performance. division's Steven

open we I'd turn now to to for call call over Thereafter, like the Ali. Q&A. the will

Ali Zaynalabidin Mazanderani

as and billion in income from million fundamental have that Good the XXX year million for defined loss ZAR introduce a We million ZAR of we both the and and a costs of revenue as ZAR in of we which representation XX parties pleased last to cost the ZAR third another line gross gross this level. XX morning, this by for first EBITDA top better revenue help of believe of selling FY respect, QX profit. We transformative achieve operating sold first the earnings revenue are new prepaid quarter EBITDA million ZAR from in posted XXXX million paid good is objective growth.Â In And transaction representations the will VAS augment than I'm time revenue that quarter, our sign and Modumo, gross commissions net X.X the compared a achieved disclosing QX is airtime less Lesaka. ZAR our to by we revenue, X excluding to our Net guidance and at afternoon. X of XXXX of delivered we meeting of us on XXXX. in midpoint quarter revenue and products. measure would

approximately XXXX.Â We for net EBITDA XXXX. Our XXXX QX average that was representing see X.XXX offering. growth scale an across This increase our net time QX the ZAR revenue opportunity billion, to and organic of to competitive over platform, considerable QX the XX% evolve XX% indicates in we group of increase margin moat multiproduct revenue the further from as margin

We a are is multiproduct organized building customer. around platform the that

offering.Â Today, by increase customers while there in, us we we enormous XXX,XXX also given businesses. segment, X/X. grow materially addressable consumers with merchants. and of provide customers an FY enormous base we a and million the X accounts. is we our customers, Today, And we As merchants, segmented have expect segments total just further an within there segment X.X consumers consumers reminder, Business Consumer an the both, delivering business markets differentiate operate integrated contribute in EBITDA and provide is of serve now don't of adjusted opportunity the transactional the approximately and between XXXX, to value to the X/X market opportunity enterprises.Â In micro segment for to we to in we the the approximately And merchants multiproduct

We with just also insurance loans merchants offer don't acceptance. as an provide and example. We card

the a customer offering The will more successful and is consequence on be.Â And successfully software our be service customers, integrated credit, provide strategy management, our we of will cash organized the to market, the executing allow cost offer reducing also a to truly services. around transform differentiated reducing that product We VAS more than rate and we us compete on customer generate disrupts acquisition, increasing on value churn. It price. and capital of to to customer take rather by profitable unit us the enabling economics the already an will multiproduct scale and return

addressed our Lesaka stable, than of right standout foundation increased. that the range the of products we rapidly on integration. a It It focus are about best-in-class our had time a ensuring Thus, ensuring Within although already economics is proposition has the base, needs.Â With operational is of we Adumo XXXX, number acquisition, substantially FY is rather the scaling on of about coming. customer that in is that suite potential. a to completion the providing have deliver value we with products

investing also that and position fortunate is on while our is enviable can to benefit more opportunity year future the than integration, and XXXX truly XX% structural guidance and in we unit Africa product fintech guidance positioned focused are being that for we're to and offering wonderfully secular bright. a in FY fastest-growing able as revenue the for are We the to provide still grow in where EBITDA net from the talk our Dan will economics, world, represents we are section.Â We of future growth year-on-year, profitably advantages. in and tailwinds

economic number largest the These XX%. is which the in are higher it of merchant positioning merchants economies XX the continued need this traditional with markets Cash have exchange banks. on technology generic pools Egypt. believe that the and to which medium the and XXXX, this are cannibalize and than rather disrupting the existing of where to seen like occurred the the is Africa equipped than digitization solve reduced happen time will shifts story or we world experience.Â In market world.Â Our channels needs do else still the UK will architecture, profit in Seismic organizations we area operate. positions legacy have will for poorly of to the to rely globally, like a is distribution they pervasive acquirers decrease Africa not increase will in in world. in poorly The or European merchant emerging of themes a again are same. solutions, specialized time they where business the in that This U.S., whether were The bet the being industry a utilization by the market in the their outlier. combination is Brazil a in and Mexico, Southern global banks the them which address. anywhere have We in we digitizing developed By from on who of product-centric banks XXXX, built market, unique or generally benefit after be markets the XX%

to faster is on While world The than the operate travel, of increasing parts traditional of clear. there They incumbents the other digitize markets share some we digitize. uncertainty bank will an velocity is market. profitable the the will and there are forecast capture in there and products, an to profit scaled very are grow to opportunity by existing there just South providing not In that pool. where is augmented the already is Africa, players, opportunity also disrupt but of the market trajectory

at be our independent transformation. broadest to should this fintech product in offering, destiny the As Africa Steve. with vanguard Over the of be you, Southern to the leading

Steven Heilbron

Thank you, Ali.

The closed in the our February second Kent group be in Paul welcome Lesaka. Adumo formally and form and results reflected X, XXXX. to part next of October the quarter will Gov on for again QX to like will I'd transaction Adumo presented teams year. and Firstly, the

already have join interactions, numerous workshops held Lesaka. product We sales Paul leadership including our and and having Group

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comprising unique spectrum. over building comprehensive offering our the years platform We invested a merchant across X.X have significantly into past the

availability an to poor and offering. innovate and holistic estimated lack continue us. digital a the who This of access to We access almost We ahead position management capital in and the includes payments, merchants their optimize XXX,XXX cash operate evolve experience to to solutions, inefficiencies SAM daily ourselves to points of opportunities of limited businesses. invest, pain to running limited on in

lives solutions our broad offering comprehensive merchants. we for strategy Our is making our solve difference pain to real merchant points, our Critical in and have we the of for are the these a merchants.

on basis, both an competitors is comprehensive proving and to differentiator. our individual have durable be solution but We an product effective

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KPIs. Turning to our

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the financials. to Turning

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XXXX a Our quarter in inorganically expenditure our compared year of and in construction in which we organically ago. has QX reflects this the increased a resulted invested performance scenario have platform.Â This further to

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take broad As Ali consumer Lincoln significant leading introduction, a the which you outlook. will platform addressed you. Thank market FinTech innovation set in disruption. in building in his for we is a Southern through the are with scale and and results Africa opportunities and solution ripe

Lincoln Mali

another business as business It the Steve. for been quarter as has you, successful a consumer Thank well one.

launched front-end rest consideration for to quarter payouts to be currently sales We the October XXXX, new As capabilities year business in product from Adumo an prepare improve Xst enhanced to already under platform we X. approved of financial and we've Steve and XXXX. team welcome lending a of the the consumer our launched the

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include of to wait expensive branch access easy expensive services examples data, traditional beneficiaries and the pain channels, networks. of limited and Some preventing structures, digital grant and penetration use pricing smartphone points long at for lower opaque financial

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Division. of On the Xst part the of became October, the Adumo officially payouts business Consumer

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I'd With continue like to hand Consumer and over profitability welcome that, to Dan. growth. the Division strong the expect my brother, We

Daniel Smith

allocation of with role the to I'm I in have we and markets Lesaka's deliver I've and Lesaka adhering fortunate Thank Lincoln. the allocation development that to is in further everyone. our fintech be to our Lesaka's exciting add day, and on a key creation. focus deep funders, platform. team been closely establishing scale experience value a business to be Board, whilst past solutions to involved CFO and optimal capital you, over will capital in delighted playing this Good to be our evolution. optimally joining at M&A, capital investors, with closely look stage as forward as in the shareholder and Lesaka I on Lesaka working years opportunities Africa. positioned and inorganic to X principles, leading leaders ensure organic independent Southern as

As U.S. States. a GAAP. a We Lesaka report under and file in U.S. the dollars in is domestic reminder, United

At currency by ZAR line the performance African guidance is our a our increasing of was revenue in mentioned revenue South To and X.X rand. level, midpoint year-on-year.Â On our to our recap top we as However, GAAP group net grew South provided, what billion XX% analyse at our X% rand, of we such, earlier, as Ani due airtime basis, the operational is African growth parties delivering net year-on-year. versus revenue the representation revenue in prepaid our mix PINless our commissions with better million. sales, the revenue cost will third Consumer products. to ZAR fluctuations provides impressive measure increasing airtime primarily selling This year-on-year and revenue, to XX% to XXX in and paid a PINed eliminate top-line calculated continued sold of less growth.

accounts PINless growth customer increased in add division, versus sticky each we our cross-sell, our good book to month, consumer and our collection predictability.Â As with airtime compared the PINed impacted we annuity a base anticipate division our Merchant mix In products, and EPE of further high year a the of of add were With by ago. further the consumer in repeat continued segment. sales when rate book, loan high insurance we rate in provides levels

year our decreasing XXX grew XXX quarter top lending EBITDA our million ZAR million. year-on-year. and account XXX ZAR of quarter, was million net adjusted XX% of XXX ninth line our as and consecutive ZAR X% EBITDA to This was added the the on ZAR meeting adjusted basis, low revenue we guidance base doubled of to against Group However, grew penetration a earnings almost marginally guidance. Consumer X% we scale EBITDA increased insurance to products.Â Merchant-adjusted last for to EPE compared million. to

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one-off million However, this ZAR an million of growth at is like-for-like have ZAR included XX.X healthy which without XX basis. Duma on level to a the in operating we to costs income shown related acquisition,

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ZAR basic GAAP or improved for loss ZAR quarter. share per the X.XX XX% Our to X.XX

cash our flow. to Turning

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leading activities difference. Firstly, a XXX We cash million quarter net XX used is million EBITDA of X.Xx compared our million payables will in to amounts of this perspective, slightly ZAR staff of on operating is mine of debt of market debt balances, Xx bill primarily serviceable looking previous net balances and generation, year in on than year-end lower books group capital adjusted spent to loan are a at which From and the cash We in payment provide reducing forward. the resulting the June quarter, is outflow. third XX at payment in sheet the cash VAS the priority ZAR quarter. higher utilized the is a ZAR Cash This quarter. at the end to usual to of balance for the secondly, annual end have were overall our we the ago. net simply for day which the business a net to that grow we cash going of quarter be ratio settled and we that XX utilized comfortably calculation.Â We EBITDA believe payable resulted a resulting business. cash the and medium-term CapEx, X.Xx adjusted objective X.Xx to net net services cash current ZAR optimal large ratio, our due first our group parties with conversion, than unwind quarter significantly appropriate to.Â The and then a fell allocation to weekend, a on a previously X.Xx, capital higher XX ratio bonuses million. structure timing communicated a debt in during to to continue key of which in

this for remain unchanged XX financial to sheet deliver on realizing process medium the to orderly plans billion relating support division from sheet. Kazang CapEx, the these is remains ZAR to primarily soon strong ZAR as expenditure asset Merchant due practical. the X.X for amounted ZAR committed through in million disposal IRRs Both and an and with growth to and our list balance in course. will improve to in value quarter $XX.X have continues million.Â MobiKwik holding We assets its our our noncore We on and performance as on Indian valuation balance of noncore major Stock asset The Exchange the MobiKwik still at term. vaults. XX the over million the growth cash Capital devices of

in We also our technology investments made infrastructure.

ZAR to and of 'XX 'XX X XX ZAR to to FY the our FY adjusted guidance guidance billion. XX ZAR ZAR XXX outlook billion revenue guidance. and EBITDA billion million group Turning reaffirm our We at

basis. measure which provide line will performance revenue, an introducing are top comparative net additional our We view improved being an on of also a

guidance revenue for range. X.X ZAR ZAR implies growth billion of billion FY XX% X.X net 'XX, year-on-year rate Our which a to is at midpoint this the

year-on-year EBITDA guidance 'XX adjusted implies growth of group the for Our at midpoint XX% range. the FY

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billion between million expect ending and second XXX XX we ZAR figures XXXX. XXXX, XXX X of net X.X our quarter from X.X between billion X.X revenue adjusted be is ZAR EBITDA inclusive Group ZAR X.X billion. billion These December For ZAR quarter. Adumo of and ZAR the between and revenue are anticipated million ZAR for October and to

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EBITDA. at to will XX% We adjusted approximately costs XX%, of total expect and division with EBITDA, segment approximately and that division segment adjusted the respectively, total contribute Merchant Consumer XX% group

made trend since Finally, as the this see have from EBITDA, we great you adjusted in progress started years group in journey. we our past can few growth the

will enhancing ourselves may the to presentation innovate for as to leading added and entrench questions disrupt and ability you management. proprietary have that, add continue to scale independent solutions as fintech. like With Thank have We and our address Africa's you. and I platform, Southern close to our would we

Bronwyn Nielsen

Results quickly hand pool today Thank and the research? He disruption? in Mazanderani, currently by of in Development; Q&A with Chief the Heilbron, your you to time. Operations South Sharma Mali, from for CEO box much banks Ali Chief Corporate this please. chat Southern management for mean very the and of materialize with waiting Chairman as live question Africa; this Lincoln proceed by Financial this Lesaka's Lesaka. is team you, Smith, payment unpack of led experience Dan Raj Lesaka joined you huge of is your the sitting with Q&A. in or Ali post Steven Securities. Head we hands B. executive up Officer; the I'll raise you based profits Please Officer. Can and directed will as Kola, first Naeem what space How Africa your for on fintechs Riley Executive

Ali Zaynalabidin Mazanderani

and you, for thank Raj, Thank you, the Bronwyn, question.

principal we our offering customers inefficiency. We they services services is give provide is of a to Firstly, energy. of competitor to strive that access just suite really the to reduce cost strive and reiterate, our biggest and deserve the provide, the we the that that of

acquiring pool be African acquiring industry to of this annual about to of ancillary of merchant this billion retail offering. That differs provide generally billion although sort the TAM. is I'll given to is in digitization the there total services double doesn't to and by growth $XXX basis the in medium digit give exchange and that XXX coming it today. nature and South at an the would it's X that points, contribution assume is of would represent that close segments services, And for economy. the over of base ancillary I fair cash what there the like And so would profit space. could $X acquiring in However, existing large is expect the margin a be obviously growth expect still a banking you net And and reference, and obviously look of some referencing through years, that in by a about it to of merchant sense, a dominant our the you banks specific business the represent space, the like. of entirety big volume merchant But process to

over trajectory will Brazil nonbank or environment over Africa terms I don't see that In in different than reason followed U.K. how that trajectory the of from a the nonbank and any it evolve, a bank coming Europe follow been last typically South of or should versus why respect. X/X the last consistent. fairly markets. different taken have decade of speed varying with decade the have decade degrees The and the in in fintech the trajectories disruptors X/X those market and between

similar we think expect outcome. I can So a

Bronwyn Nielsen

should thinking I'll is Ali, basis? excluding to to to growth slower team. an merchant on growth you when division, rates organic direct management it B. acquired. be organic Sharma, for In XX% Merchant Securities. and full Riley growth would was Raj expected, be growing rates about the than you, plus direct business Connect at Adumo? especially the we year the 'XX, What your can How from that question Another compared

Ali Zaynalabidin Mazanderani

in a Thank Bronwyn. start I some Merchant Steven to I'll you, group perspective, segment. Raj, specificity question. to And from by answering for want the points again, and the just then few give a thanks, ask

we quarters. So the midpoint of firstly, reiterate, the I midpoint for don't expected. our achieved the than think of that just just this and our guidance but not X guidance, achieved to I'd quarter, last consecutive softer have it's like We

we've in be think we that I was the expected would quarter. demonstrated that I what that, we say.Â And respect, outcome the fully deliver on think that it for

growth, organic of terms In inorganic achieved we XXX ZAR level, at 'XX. well, versus EBITDA FY group of million a in

XX% growth indicated organic like-for-like basis. year-on-year guidance a Our on

year ZAR you'll million.Â Our it, million you indicated about a rate the in apply and the XX% the years. included ZAR not prior XXX included guidance If lending you to charge the expected to to in consumer that also ZAR charge not that in on an was million. business this there's take XX about consumer equate lending growth interest that's interest XXX get and that there was business

rate this gives million a And organic ZAR that's million Lesaka year XX% ZAR minus you with XX for common basically base. growth XXX So ZAR a like-for-like XXX million. for

our ZAR contribution it infer the from guidance ZAR million X that the between and Dumo's quarters is Given consolidated that, for X be can that think XXX given billion, I year. fact will of you

Bronwyn Nielsen

Steven?

Steven Heilbron

Bronwyn. Thanks,

FY to merchants, going take to fintech that, I back track record, I on our that at And quarter. be delivered X%. do.Â Now had had We grew the as our current And from departure, set right inorganic clear a revenues you believe We've quarter, historic a to is that, line have a we platform having And guidance all that given XX% growth. function with focused proxy when June, think at if our performance. of QX we to micro both that an very that we I to division. have growth. to were we delivered don't that it if we and But a We in recently, perspective, inorganic going been Merchant dynamic think we said net is for growth clear out midpoint in think don't throughputs. I the enterprises. construct that, compare strong construct our hit at starter, think on I look of from we for a outset this lot think we've more I we you organic growth activity. expect as well by look I organic that 'XX and is the going quarter, back if this to XXXX That's the merchants that slow. point

be I our to bundled taking our very much disruption, specifically as and creating strong is platform. is into economics, a product think the around now to offering we a period a which it focus building could we're sets, I possibly through now bundling but broader broadened also putting very be and better.Â And unit our construct, clientele. are this And merchant focus would saying, product what and segments deepened in our we've the

is really given around we've QX that the to the guidance for proxy and that context the think I growth, so puts 'XX And 'XX. QX

Bronwyn Nielsen

the Theo LHR Q&A, by you're Ali, on QX As webcast from joined reminder, to the consumer Lesaka to excellent Research.Â Again, you team. the the performance. a the an management the watching and segment results direct Lesaka FY I'm from Congratulations live XXXX had next for question is team.Â Our O'Neill

you cover term. What and You increasing rationale from research considering the behind mentioned can and size of And the the your finding is launch in loan new pipeline? products.

Ali Zaynalabidin Mazanderani

Thanks Theo, the question. for

to Lincoln placed probably that best think I answer is one.

Lincoln Mali

the and that made reference we've Ali. Thanks, ongoing of to clients. is Theo our one best what's for about things thinking research

could that to X,XXX were was that our within unscrupulous we over do offer. the some demanding months. Credit the of lenders was demanding current going them.Â So the could what to found our Act what research we product becoming what an and one clear was our National of in disturbing meet our offer And to get we than can clients was of our we could And clients So X is tweak in also was than things environment needs started limit credit about clients that were credit. afford. clients of clients that our ZAR to our more we get were thinking our to where what credit more more

launch possible a to now increase X to client a So And what term. months we that move ZAR we we are think is maybe working product the average, ZAR will and sizes on we ZAR and be maximum loan where from will that limit limit X,XXX. able a to have X,XXX to X-month to limit of X,XXX on a would

going XXX,XXX point have experimenting in with.Â The our And to I'd Adumo that Steve we so maybe Malabi we team want his are joined that that do business. is have is what customers to now and us, what has forward to Adumo thing second that like thinking they about the payout team, we're and that in

consumer starting is sense thing our to base.Â Firstly, do is would into that not this beneficiaries. to products platform. to So our thing what is important is make base us is this first for what grant head And that we're important an we a most that as evolve customer the see bridge

number a doing of thinking that space. are of we so things And in

about base.Â Secondly, about product start to customer base think into our base. later think think starting base on and grant that to this us of Firstly base, we've to funeral in of is a had product in can layer we're that whether lending that customer traditional beneficiaries. see product we beyond a we'll that allows to the a And VAS

that the got some things these of So in we've are our pipeline.

Bronwyn Nielsen

asking, the relationships you this consumer and in larger of and mentioned ecosystem. Securities explain leverage growth Anchor broader pillar? driving the you practical opportunities of a merchant us some sentiment business enterprise in this from the Can customer corporate to example Thordsen Sven give providing opportunity opportunities across

Ali Zaynalabidin Mazanderani

Thanks, Sven.

I think at have maybe, that. Nine, if go a you can

Nunthakumarin Pillay

you. Yes. Thank Thanks.

evolved solutions ourselves. as behalf as need and a process division, on we develop Enterprise Our of to noted, transactions

solutions we're natural internally for as being do this we're both through as a center clients. building function evolution, away to cost As well external well. our as from center a And pure trying this profit to being move going a but

and which customer relation practical provide third today base, is I that to bill payment parties as expand in corporate we to VAS our merchants.Â We're broader think customers. as a this going services are to very well solutions to this

security this for third-party clients. a we well for tokenization municipalities and within as big We as also internally the purposes, need and telcos see do

So these can we are practical examples broader within on this a we as think spectrum an division enterprise of organization. revenues drive where

Bronwyn Nielsen

Houston of the Please increase all for to from run time quarterly have once-off large Jared reiterate items forward? in question, Capital. the Weather We and and to got is is -- mainly this Adumo a spend going one what unpacking we included time some is that of costs. transaction increase the And group from in more start, Secondly, costs, with will unpacking in costs. capital the outflow. in the the put team if the appendix He's couple working explain questions here. rate please, I group

Ali Zaynalabidin Mazanderani

Thank you.

one, please. I think Dan, that take

Daniel Smith

color U.S. costs, listed a ZAR quarter. This was group year. a words, EBITDA. our the for million hires expect the underlying staff new these give fees XX costs, than compliance level push we be for disclosure million at bought of total of scaling with approximately directors' costs a combination roughly There's divisions. XX-Q.Â In audit segment more fees. the platform. the around our costs our ZAR of you the those fees, to increased of of to costs group around to into rather group down relating XXX Sarbanes-Oxley, our some our Jared, terms some course, the as XX% and these Hallie. our well level We costs the and adjusted of legal them guidance, manage To in costs our at In other the group Thanks, group as nature

good run incurring rate full is year what approximation ahead. expect roughly the currently the for of a So we're one could

Bronwyn Nielsen

in items. could included So just is once-off again repeat you there, Dan, if what

Daniel Smith

There's quarter In X million were of due diligence and incurred the the legal the separate once-off in M&A those M&A related and to also of incurred costs, we EUR the X.X Adumo category million categories, XX deals costs to the Those costs, that fees smaller transaction. did the in approximately some in of of relates a concluding in period. items, being transaction.

couple sides, to transactions. smaller our well a ESOP, So of which as other as

Bronwyn Nielsen

And the working outflow. capital large

Daniel Smith

to quarter, the this XXX One year, annual a is cash loan categories. our of before the this really conversion it funding provide net though, in obviously, from paid and to of EBITDA simplify quarter operations Those second cash. payment approximately ZAR to payment In X generated outflow the of a parties services amounts our typically to. after have is bonuses. very we CapEx quarters. did I good So book our reflection is significant VAS our September during And of the come got staff in payable through third of prior of that don't and unwind we bill million.

so quarter, significantly settled business leading on cash So this resulted large the usual year, the quarter, current on balances. outflow. holding These which following which a the the were cash weekend, one in than and the it fell of ending fell previous into was day, payables higher to June us

difference. is really simply just a this So timing

Bronwyn Nielsen

South shareholders? of to on will you from slowly shares? do Or provide Africa how or bolt-on strategy? asking again.Â Can Per also on alluded be the mainly you question, and M&A. funding update your an Final and capital acquisitions? LHR from O'Neill Research it yourself focused be for Will large transformative Is M&A And see you rest further debt it on You Africa?

Ali Zaynalabidin Mazanderani

see lever on We fintechs in business. another most in saying we'll the it's aggregate. space, growth be of process. as think organic specific M&A lever scale a story. the the I opportunity effectively growth of in continent many effective successful fintech M&A see and We were been utilized the disciplined payment to Indeed, have a material We to about very the our

only to will transactions that in We accretive. engage be going are material

focus geographical has a mean, number we area, neighboring geographies. market is Adumo increased a are of our The I but presence I think our number transaction in Africa, of geographies. in of principal terms in South

fund transaction. we businesses geographies depending of be much that, part opportunity.Â In neighboring that the of particularities ambit that so flexible would And also would think I be the on in very operating how of would terms are we of

offering think say continuing am be any augment options. What But all to given TAM effectively opportunities execute expand also build which improve synergies would integrate, capacity we to drive we that are able change our I and that want demonstrated where would them which be we from. with we've of of think what I I has from got is increase haven't and our that. and and managing shares and can sense excited associated I we offering. each hope that to that shareholders about can that. debt available we debt, can this legitimate to our say its our a attractive also have to and just X and we business a by I in has capital to subsectors, And finally is continue

Bronwyn Nielsen

to Investor do we team. all have you Thank very you the very Lesaka. us to time for quarter today. live much for first Relations you them at any please joining That's for Lesaka's much further have direct Q&A Thank if 'XX. questions, FY And

Lesaka (LSAK) 7 Nov 242025 Q1 Earnings call transcript