Lesaka Technologies, Inc. (LSAK), a South-African financial technology company, reported a loss before tax of $37.90 million for the fourth quarter, significantly higher than $3.59 million loss for the same quarter a year ago, primarily due to increase in one-off expenses.
Operating loss was $28.40 million compared with operating profit of $295,000 for the prior-year quarter.
Net loss was $28.77 million or $0.35 per share, up from $5.04 million or $0.08 per share loss last year.
Excluding one-time items, the company posted adjusted earnings of $4.37 million or $0.05 per share, up from $1.24 million or $0.02 per share a year ago.
Adjusted EBITDA or adjusted earnings before interest, taxes, depreciation, and amortisation was $50.7 million or ZAR 922.2 million, up 33% in ZAR.
Revenue for the quarter was $82 million or ZAR 1.5 billion, up 47% in ZAR.
For the first quarter, the company expects revenue to be in the range of ZAR 1.50 billion - ZAR 1.65 billion. Adjusted EBITDA is expected between ZAR 260 million and ZAR 300 million.
For fiscal 2026, Lesaka sees revenue of ZAR 6.4 billion - ZAR 6.9 billion; Adjusted EBITDA of ZAR 1.25 billion-ZAR 1.45 billion; and adjusted earnings per share of at least ZAR 4.60, a year-on-year growth of greater than 100%.
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