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Lesaka Technologies Inc

lesakatech.com

How Do They Make Money?

FY2026 revenue by product or service (REVENUE (Note 16)) revenue
SegmentShareRevenue
Services Rendered
87%
Loan-based Fees Received
9.1%
Sale of Goods
1.4%
Income from Rentals
2.1%

Do Revenues Turn Into Profits?

Yes. It kept less than a cent of every revenue dollar as net income in FY2026 and turned 4 cents into free cash flow.

Operating income, FY2026
2% of revenue
▲ Now profitable vs FY2025 (−$28M, −4%)
Net income, FY2026
0% of revenue
▲ Now profitable vs FY2025 (−$91M, −14%)
Free cash flow, FY2026
4% of revenue
▲ Now profitable vs FY2025 (−$26.3M, −4%)

How Are They Changing?

Growing. Revenue grew 3.2x in 4 years, from $222.6M in FY2022 to $721.6M in FY2026, about 34% a year.

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