LSAK — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-09-09

• Lesaka provides financial technology solutions to underserviced consumers,

• Enterprise, which provides payment processing, prepaid solutions and

• bill payment infrastructure connecting enterprises to consumers

• and our Enterprise division connected a network of more than 650 billers and over

• our ecosystem, we have approximately 3,900 employees operating on the

Text removed vs the prior filing · source: 10-K · 2025-09-29

• Lesaka enables underserviced consumers and businesses in the southern

• people's lives and increasing financial inclusion in the markets in which

• network capabilities to facilitate payments between consumers and businesses

• together within the Lesaka ecosystem by enabling them to engage and transact with each other in a

• locations and then digitizing any cash payments they receive through one of our cloud-connected cash vaults or recycling the cash via

Text added vs the prior filing · source: 10-K · 2026-09-09

• recent years, we have pursued strategic acquisitions, technology investments, business

• Bank Zero described herein remains subject to the fulfilment or waiver

• of applicable conditions precedent. The successful realization

• regulatory developments, technology advancements, integration execution, and customer

• we cannot assure you that we will be able to complete our strategy successfully

Text removed vs the prior filing · source: 10-K · 2025-09-29

• Even if we do return to profitability, achieving net income does not necessarily

• expanding our business. We cannot assure you that we will achieve, sustain or increase profitability in the future and if we do not, our

• a material adverse effect on our business and financial condition.

• specified levels, engage in certain business combinations and engage in

• The borrowings through our merchant lending operations, through Cash

Text added vs the prior filing · source: 10-K · 2026-09-09

• Lesaka SA was party to proceedings in the Constitutional Court of South

• in these proceedings to provide information relevant to determining the profit so made by CPS. The Constitutional Court delivered its

• time to time, subject to claims and suits, or threats of claims or suits, relating

• for damages, including punitive damages, which may not be covered by insurance or may otherwise have a material adverse effect on

• a material adverse effect on our business, financial condition,

Text removed vs the prior filing · source: 10-K · 2025-09-29

• tender to CPS. This arose as a consequence of prior court proceedings which concluded that the tender should not have been awarded

• information relevant to determining the profit so made by CPS.

• formal steps have been taken by CPS or any other party to these proceedings to claim that Lesaka SA should be liable to

• operations. However, due to the risks and uncertainties inherent in legal proceedings, actual results could differ from current expected

Text added vs the prior filing · source: 10-K · 2026-09-09

• We generate interest revenue from qualifying merchant customers who are able to access short-term business

• also an additional contribution to revenue which are sold on a fixed price basis.

• deliberate, multi-faceted integration designed to eliminate duplication, unify

• model, rationalizing cost and infrastructure and deepening product penetration

• deemed useful lives of certain brand trademark assets in fiscal 2026,

Text removed vs the prior filing · source: 10-K · 2025-09-29

• We also offer merchant customers access to platforms through which we (a) generate revenue from the sale of prepaid

• Revenue from our insurance offerings is earned monthly premiums

• 2023 results can be found within our Annual Report on Form 10-K

• Merchant acquiring includes 84,541 devices deployed under the Adumo,

• 2025 is inclusive of approximately 29,000 devices deployed by Adumo with the Adumo transaction closing on October

Text added vs the prior filing · source: 10-K · 2026-09-09

• primarily through our financing activities. The ongoing conflict in the

• Middle East has contributed to higher oil and commodity prices

• uncertain, continued pressure on oil and other input prices presents an upside

• 1% (i.e. 100 basis points) increase and a 1% decrease in the interest rates applicable to the

• The selected 1% hypothetical change does not reflect what could be considered

Text removed vs the prior filing · source: 10-K · 2025-09-29

• of the date of this Annual Report, are expected to decline by a further 25 basis points in the

• of changes in the South African prime and 3-month JIBAR interest

• June 30, 2025. The effect of a hypothetical 1% (i.e. 100 basis points) increase and a 1% decrease in the interest rates applicable to the