LESAKA TECHNOLOGIES INC

Unaudited Condensed Consolidated Balance Sheets

(In thousands, except share data)

ASSETS

CURRENT ASSETS

$

90,573

$

76,520

Restricted cash related to ATM funding

and credit facilities (Note 9)

Accounts receivable, net and other receivables (Note 3)

45,483

42,525

Finance loans receivable, net (Note 3)

99,411

74,110

Inventory (Note 4)

17,494

23,551

Total current assets before settlement assets

253,085

216,825

Settlement assets

21,433

27,098

Total current assets

274,518

243,923

PROPERTY,

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

64,516

June:

$

55,086

(Note 1)

44,749

44,924

OPERATING LEASE RIGHT-OF-USE (Note 17)

8,410

9,691

EQUITY-ACCOUNTED INVESTMENTS

(Note 6)

GOODWILL (Note 7)

207,123

199,395

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

73,466

June: $

79,343

124,030

139,215

DEFERRED INCOME TAXES

11,206

12,554

OTHER LONG-TERM ASSETS (Note 6 and 8)

4,681

3,809

TOTAL ASSETS

674,954

653,710

LIABILITIES

CURRENT LIABILITIES

Short-term credit facilities (Note 9)

35,825

24,469

19,362

19,867

Other payables (Note 10)

(A)

79,730

76,035

Operating lease liability - current (Note 17)

4,353

4,007

Current portion of long-term borrowings (Note 9)

15,327

11,956

2,524

1,400

Total current liabilities before settlement obligations

157,121

137,734

Settlement obligations

21,636

26,695

Total current liabilities

178,757

164,429

DEFERRED INCOME TAXES

29,142

33,921

OPERATING LEASE LIABILITY - LONG TERM (Note 17)

5,888

6,129

LONG-TERM BORROWINGS (Note 9)

186,242

188,813

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

3,620

2,991

TOTAL LIABILITIES

403,649

396,283

REDEEMABLE COMMON STOCK (Note 11)

84,680

88,957

EQUITY

COMMON STOCK (Note 11)

Authorized:

200,000,000

with $

0.001

par value;

Issued and outstanding shares, net of treasury - March:

; June:

81,249,097

PREFERRED STOCK

Authorized shares:

50,000,000

with $

0.001

par value;

Issued and outstanding shares, net of treasury:

March:

; June:

ADDITIONAL PAID-IN-CAPITAL

436,738

426,950

TREASURY SHARES, AT

COST - March:

28,562,600

; June:

29,934,044

(298,523)

ACCUMULATED OTHER

COMPREHENSIVE LOSS (Note 12)

(A)

RETAINED EARNINGS

(A)

218,264

218,725

TOTAL LESAKA EQUITY

186,625

161,629

NON-CONTROLLING INTEREST

6,841

TOTAL EQUITY

186,625

168,470

TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND SHAREHOLDERS’ EQUITY

$

674,954

$

653,710

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