Lesaka Technologies Posts Q4 FY26 Profitability Turnaround, Sets Aggressive Growth Ambitions

Lesaka Technologies (NASDAQ: LSAK) reported a dramatic turnaround in profitability in its fourth quarter and full-year fiscal 2026, marking its first positive GAAP net income since fiscal 2022. The company’s net revenue climbed to R1.62 billion ($98.5 million) in Q4, up 8% year-over-year, while adjusted EBITDA surged to R367 million, an all-time quarterly high and a 22% increase from the prior year. Adjusted earnings per share (EPS) jumped to R2.40 ($0.15), a 166% rise from R0.90 in Q4 FY25, exceeding analyst expectations of $0.07 per share. The company’s operating margin expanded to 22.6%, up from 20.1% in the prior quarter, while net income attributable to the company turned positive at R52.9 million, reversing a Q4 FY25 loss of R559.7 million. Cash from operations rose to R384 million, reflecting operational efficiency gains amid a broader profitability shift.