Lesaka Technologies, Inc. has released its financial results for FY 2024 and Q4 2024, showcasing significant improvement.
For FY 2024, revenue rose by 11% to $564.2 million (ZAR 10.6 billion), with operating income turning positive at $3.6 million (ZAR 67.3 million), reversing a loss from the previous year. Net loss was reduced by 48% in ZAR terms to $17.4 million (ZAR 326.1 million). GAAP loss per share improved by 49% to $0.27 (ZAR 5.07). Group Adjusted EBITDA surged 55% to $36.9 million (ZAR 690.9 million), and fundamental earnings per share reached $0.06 (ZAR 1.06), up from a loss of $0.15 (ZAR 2.66) in FY 2023.
The Merchant Division saw a 12% revenue increase to $498.3 million (ZAR 9.3 billion), while the Consumer Division’s revenue grew 15% to $69.2 million (ZAR 1.3 billion), with a remarkable 361% rise in Segment Adjusted EBITDA. The net debt to Group Adjusted EBITDA ratio improved to 2.5 times.
In Q4 2024, revenue increased by 9% to $146.0 million (ZAR 2.7 billion). Operating income was $0.3 million (ZAR 5.6 million), reversing a loss from the previous year. Net loss fell by 58% to $5.0 million (ZAR 93.2 million), and GAAP loss per share improved to $0.08 (ZAR 1.44). Fundamental earnings per share were positive at $0.02 (ZAR 0.42), up from a loss in Q4 2023.
