Lesaka Technologies: A Year of Excellence in Fiscal 2026
Lesaka Technologies, a leading independent fintech platform in Southern Africa, has wrapped up another exceptional year with its Q4 results. The company's FY 2026 performance exceeded guidance measures across all key metrics, cementing its position as a leader in the industry.
In his remarks on the conference call, Ali, CEO of Lesaka Technologies, reflected on the company's evolution since its inception in May 2022 following the merger with the Connect Group. He expressed pride in what has been built: the platform, the people, and the performance. The team's resilience, ability, and diversity have been instrumental in achieving this success.
One of the most significant highlights of the year was the coming together of One Lesaka under a unified brand identity. The company launched its new Johannesburg office in July 2026, marking a major step towards fostering cross-pollination between teams. This change has been accompanied by a renewed commitment to serving customers with empathy, dignity, and authenticity.
The public launch of the Lesaka brand last month was met with enthusiasm from customers and employees alike, who are now embracing the company's identity as enthusiastically as its 4,000-strong workforce. The palpable energy and excitement surrounding this change have created a new momentum across the country.
Lesaka Technologies' FY 2026 financial results demonstrated significant growth across all divisions. Net revenue grew by 20% to ZAR 6.33 billion, while Group adjusted EBITDA increased by 41% to ZAR 1.27 billion. Adjusted earnings per share jumped 210% to ZAR 6.51.
The company's management team expressed satisfaction with delivering on all guidance measures, including turning GAAP net income positive for the full year for the first time since 2022. Net debt to group adjusted EBITDA fell below the target of 2 times, reaching 1.9 times.
Each division performed differently in FY 2026, reflecting their unique stages of evolution. Merchant, one of Lesaka Technologies' key divisions, faced challenges as various businesses were brought together. Despite this, it managed to grow net revenue by 3% to ZAR 3.1 billion and core net revenue by 6% to ZAR 2.8 billion.
The company's focus on delivering results and fostering a culture of accomplishment has paid off in the form of these outstanding financials. With its brand now well-established, Lesaka Technologies is poised for continued success in FY 2027 and beyond.
Lesaka Technologies' commitment to serving customers where they are – whether that's in city centers or rural villages – has resonated across the country. The company's pledge to be present with empathy and humility has created a new standard in the industry, and its results for Q4 2026 are proof of this.
As Lesaka Technologies continues on its journey towards becoming the leading independent fintech platform in Southern Africa, one thing is certain – it will do so with a focus on people, performance, and results. With these outstanding financials under its belt, the company is well-positioned for continued growth and success.
These achievements are a testament to the dedication and hard work of Lesaka Technologies' employees, who have worked tirelessly to achieve this success. The company's commitment to serving customers with empathy, dignity, and authenticity will undoubtedly continue to drive its results in the years to come.
