Dual-listed fintech group Lesaka Technologies, formerly Net1 UPS, reported revenue of R2.6 billion for the first quarter of fiscal 2025 .
It notes the current quarter includes R30 million one-off transaction costs relating to the acquisition of Adumo. Excluding the impact of these transaction costs, operating income would have been R29.7 million, says the company. Says Lesaka chairman Ali Mazanderani: “We continue to invest in building the Lesaka platform and to scale as Southern Africa’s leading independent fintech. We achieved the mid-point of our revenue and group adjusted earnings before interest, taxes, depreciation and amortisation guidance for Q1 2025.
“Group adjusted EBITDA of R168.1 million was at the mid-point of our guidance range, improving 12% in ZAR from R149.5 million in Q1 2024,” it states.