LESAKA TECHNOLOGIES INC

Unaudited Condensed Consolidated Balance Sheets

(In thousands, except share data)

ASSETS

CURRENT ASSETS

$

69,474

$

76,520

Restricted cash related to ATM funding

and credit facilities (Note 9)

Accounts receivable, net and other receivables (Note 3)

58,244

42,525

Finance loans receivable, net (Note 3)

103,593

74,110

Inventory (Note 4)

25,098

23,551

Total current assets before settlement assets

256,536

216,825

Settlement assets

28,314

27,098

Total current assets

284,850

243,923

PROPERTY,

PLANT AND EQUIPMENT, net of accumulated depreciation of - December: $

61,787

June:

$

55,086

(Note 1)

46,708

44,924

OPERATING LEASE RIGHT-OF-USE (Note 17)

12,378

9,691

EQUITY-ACCOUNTED INVESTMENTS

(Note 6)

GOODWILL (Note 7)

211,886

199,395

INTANGIBLE ASSETS, NET (Note 7), including integrated platform of: December: $

78,696

June: $

79,343

131,663

139,215

DEFERRED INCOME TAXES

12,489

12,554

OTHER LONG-TERM ASSETS (Note 6 and 8)

4,381

3,809

TOTAL ASSETS

704,644

653,710

LIABILITIES

CURRENT LIABILITIES

Short-term credit facilities (Note 9)

21,333

24,469

20,150

19,867

Other payables (Note 10)

(A)

92,501

76,035

Operating lease liability - current (Note 17)

5,015

4,007

Current portion of long-term borrowings (Note 9)

13,025

11,956

1,628

1,400

Total current liabilities before settlement obligations

153,652

137,734

Settlement obligations

28,175

26,695

Total current liabilities

181,827

164,429

DEFERRED INCOME TAXES

31,553

33,921

OPERATING LEASE LIABILITY - LONG TERM (Note 17)

7,805

6,129

LONG-TERM BORROWINGS (Note 9)

203,802

188,813

OTHER LONG-TERM LIABILITIES, including insurance policy liabilities (Note 8)

3,002

2,991

TOTAL LIABILITIES

427,989

396,283

REDEEMABLE COMMON STOCK

88,957

88,957

EQUITY

COMMON STOCK (Note 11)

Authorized:

200,000,000

with $

0.001

par value;

Issued and outstanding shares, net of treasury - December:

; June:

81,249,097

PREFERRED STOCK

Authorized shares:

50,000,000

with $

0.001

par value;

Issued and outstanding shares, net of treasury:

December:

; June:

ADDITIONAL PAID-IN-CAPITAL

430,686

426,950

TREASURY SHARES, AT

COST: December:

30,234,228

; June:

29,934,044

ACCUMULATED OTHER

COMPREHENSIVE LOSS (Note 12)

(A)

RETAINED EARNINGS

(A)

217,712

218,725

TOTAL LESAKA EQUITY

180,561

161,629

NON-CONTROLLING INTEREST

7,137

6,841

TOTAL EQUITY

187,698

168,470

TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND SHAREHOLDERS’ EQUITY

$

704,644

$

653,710

(A) Amounts for June 30, 2025 revised to correct the errors discussed in Note 1.