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Recent Updates — LSAK

September 9, 2026View Source ↗

Lesaka Technologies reported fiscal year 2026 results ending June 30, 2026, achieving full-year GAAP profitability with net income of $2.8 million and adjusted EPS of $0.39, exceeding guidance. Group revenue increased 1.7% to $721.6 million, while Net Revenue grew 20% to $374.9 million. The company provided FY2027 guidance projecting Net Revenue between ZAR 7.0 billion and ZAR 7.7 billion and Adjusted EPS between ZAR 7.50 and ZAR 8.50, contingent on the pending Bank Zero acquisition. Lesaka operates a South African fintech platform providing transactional accounts, lending, insurance, merchant acquiring, and software solutions to underserved consumers and merchants in Southern Africa.

August 3, 2026View Source ↗

On August 3, 2026, shareholders of Lesaka Technologies, Inc. approved the grant of a stock option award to Executive Chairman Ali Mazanderani at a special meeting. The award consists of 1,000,000 options to acquire common stock at an exercise price of $5.00 per share. Vesting is scheduled for April 1, 2028, contingent on continuous employment, with exercisability commencing April 1, 2029, and expiration on April 1, 2030. The proposal received 38,334,363 votes in favor, 1,241,298 against, and 7,796,947 abstentions. This executive compensation event is not considered material to the company's financial value or operations. Lesaka Technologies operates in the technology sector, providing digital payment solutions.

June 17, 2026View Source ↗

On June 11, 2026, Lesaka Technologies' subsidiary, Lesaka Technologies Proprietary Limited, and the sellers' representative agreed to extend the lapse date of a Transaction Implementation Agreement with Zero Research Proprietary Limited, Bank Zero Mutual Bank, and other shareholders. The deadline for fulfilling or waiving outstanding conditions precedent was moved from August 6, 2026, to January 31, 2027, to allow for the procurement of remaining regulatory consents. The company operates in the fintech industry, providing digital payment and financial services.