Lesaka Technologies, Inc. (LSAK) Q3 2025 Earnings Call Transcript

2025-05-10 21:29:52 ET

Lesaka Technologies, Inc. (LSAK)

Q3 2025 Earnings Conference Call

May 8, 2025 8:00 AM ET

Company Participants

Phillipe Welthagen - Investor Relations

Daniel Smith - Group Chief Financial Officer

Steven Heilbron - Head of Mergers and Acquisitions, and Corporate Development

Lincoln Mali - Chief Executive Officer, Southern Africa

Naeem Kola - Group Chief Operating Officer

Ali Mazanderani - Executive Chairman

Conference Call Participants

Presentation

Phillipe Welthagen

Welcome to Lesaka Tech's Webcast for the Third Quarter of Fiscal 2025. As a reminder, the webcast is being recorded, and the presentation can be accessed through the webcast link provided. Management will address any questions you may have at the end of the presentation. [Operator Instructions] The webcast link as well as our press release and investor presentation are available on our Investor Relations website at ir.lesakatech.com. Lesaka filed its Form 10-Q after the U.S. market closed yesterday, which is also available on our website.

During this call, we will be making forward-looking statements. I ask you to look at the cautionary language contained in our Form 10-Q regarding risks and uncertainties associated with forward-looking statements. As a domestic filer in the United States, we report our results in U.S. dollars under U.S. GAAP. However, it is important to note that our operational currency is South African rand, and as such, we analyze our performance in rand, which is non-GAAP. This assists investors in understanding the underlying trends in our business. As you know, the company's results can be significantly affected by the currency fluctuations between the U.S. dollar and the South African rand. I will now hand over the webcast to Dan.

Daniel Smith

Thank you, Phil. Good morning and good afternoon to our respective shareholders in the U.S., South Africa, Europe and Asia. I will start the presentation by taking you through the key developments for the quarter, followed by the Group's financial performance. Steve will present the Merchant division, Lincoln the Consumer division and Naeem the Enterprise division. Ali will conclude with the outlook for the rest of our current financial year to June 2025 and will also provide guidance for our 2026 financial year. I characterize the past quarter as one of solid traction in the strategy that we are executing against. Our Consumer division had a standout quarter with record EPE transactional account enrollments, lending and insurance originations. It is pleasing to see the impact of the reorganization and rejuvenation of our consumer business that we undertook over the past 3 years really coming to the fore. This momentum continues into quarter four....

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