Lesaka Technologies reported a sharp improvement in profitability in its third-quarter results for fiscal 2026, supported by strong growth in its Consumer and Enterprise divisions and continued momentum in its fintech platform strategy.

The company, which is listed on both the Nasdaq and the JSE, posted group adjusted EBITDA growth of 45% year-on-year to ZAR337 million for the quarter ended March 31, 2026. Adjusted earnings surged 246% to ZAR148 million, while adjusted earnings per share climbed 247% to ZAR1.80.

Group revenue increased marginally by 0.2% to just under ZAR3 billion, but net revenue — a key non-GAAP metric used by the company – rose 16% to ZAR1.58 billion. Operating income jumped more than eight-fold to ZAR65 million from ZAR7.2 million a year earlier.

Lesaka also returned to profitability at a net income level, reporting net income of ZAR8.4 million compared with a net loss of ZAR409.8 million in the corresponding quarter last year.

Chairman Ali Mazanderani said the group’s diversified fintech platform continued to create multiple avenues for sustainable growth.

At segment level, the Consumer division delivered one of the strongest performances, with revenue rising 41% to ZAR626.5 million and adjusted EBITDA increasing 81% to ZAR212.5 million.

The Enterprise division also recorded significant gains, with revenue climbing 78% to ZAR310.5 million, while adjusted EBITDA rose sharply to ZAR35 million from ZAR2.4 million previously.

The Merchant segment, however, remained under pressure, with revenue declining 13% to ZAR2.08 billion and net revenue down 4%.

Looking ahead, Lesaka maintained its full-year guidance for fiscal 2026, forecasting net revenue of between ZAR6.2 billion and ZAR6.5 billion, alongside group adjusted EBITDA of between ZAR1.25 billion and ZAR1.35 billion.

The outlook excludes the pending acquisition of Bank Zero, which remains subject to regulatory approval.