Lesaka Technologies, Inc. (LSAK) on Thursday reported a narrower loss for the first quarter of 2025, primarily helped by growth in revenue as well as lower expenses related to recent acquisitions.
The South Africa-based fintech group posted a net loss of $4.29 million, or $0.05 per share, compared with a loss of $4.54 million, or $0.07 per share, in the same quarter last year.
Excluding one-time items, the company posted adjusted earnings of $4.95 million or $0.06 per share, up from $1.94 million or $0.03 per share last year.
Lesaka recorded an operating income of $383,000, compared with a loss of $45,000 a year earlier.
Adjusted EBITDA, or adjusted earnings before interest, taxes, depreciation, and amortization increased to $15.34 million from $9.36 million a year ago.
Revenue grew 11.7% to $171.45 million, from $153.57 million in the prior-year quarter.
Looking ahead, Lesaka reaffirmed its FY2026 guidance, projecting net revenue between ZAR 6.4 billion and ZAR 6.9 billion, and adjusted EBITDA between ZAR 1.25 billion and ZAR 1.45 billion. The company expects net income attributable to Lesaka to be positive and forecasts adjusted earnings per share of at least ZAR 4.60, representing year-on-year growth of more than 100%.
For the second quarter, the company expects net revenue between ZAR 1.575 billion and ZAR 1.725 billion, and adjusted EBITDA between ZAR 280 million and ZAR 320 million.
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