LESAKA TECHNOLOGIES INC
For the period ended Jun 30, 2026. Filed Sep 9, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2026 · Filed Sep 9, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-K
Period ended 2025-06-30; filed 2025-09-29.
0001562762-25-000245
Item 1A. Risk FactorsCurrent report: 10-K
Period ended 2026-06-30; filed 2026-09-09.
0001562762-26-000104
Item 1A. Risk FactorsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 4190 previous paragraphs and 4167 current paragraphs.
2829 unchanged; 98 reworded; 1229 added; 1253 removed; 10 previous and 11 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (1229)
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flow, is substantially dependent on our ability to complete
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recent years, we have pursued strategic acquisitions, technology investments, business
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integration initiatives, and the expansion of our
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Bank Zero described herein remains subject to the fulfilment or waiver
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of applicable conditions precedent. The successful realization
Showing the first 40 of 1229 passages. Open the source sections for the rest.
Removed paragraphs (1253)
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Even if we do return to profitability, achieving net income does not necessarily
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ensure positive cash flows. Future periods of net
Showing the first 40 of 1253 passages. Open the source sections for the rest.
Reworded paragraphs (98)
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the implementation of this strategy successfully.
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and sustain profitability and positive cash flow.
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expanding our business. We cannot assure you that we will achieve, sustain or increase profitability in the future and if we do not, our
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sustain or increase profitability in the future and if we do not, our business will be materially
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covenants. If we are unable to comply with these
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covenants, we could default on this debt, which would have
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as of June 30, 2025). We partially funded certain of
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of Lesaka SA’s directly and indirectly wholly-owned
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directly and indirectly wholly-owned subsidiaries,
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The borrowings through our merchant lending operations, through Cash
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The borrowings through our merchant lending operations, through Lesaka Capital Proprietary Limited (formerly known as Cash
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in certain business combinations and engage in other corporate activities.
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engage in certain business combinations and engage in other corporate activities.
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would result in a material adverse effect on the Bank Zero’s
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ould result in a material adverse effect on the Bank Zero’s
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of these acquired companies into our internal control over financial reporting, our internal control over financial reporting may not be
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hike on our business and results of operations.
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The current conflicts between Russia and Ukraine, and in the Middle East are creating substantial uncertainty about the future of
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tensions, including the conflict between Russia and Ukraine and ongoing conflicts in the Middle East,
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However, economic confidence in South Africa, our main
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technology sales and processing revenue could decrease.
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allowance for doubtful finance loans receivable may not be sufficient to absorb future write-offs.
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finance loans receivable may not be sufficient to absorb future write-offs.
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of the finance loan outstanding, creditworthiness
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Cybersecurity breaches and other system disruptions pose a significant threat to business operations.
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Cybersecurity breaches and other system disruptions pose a significant threat to business
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products for critical transactions, a breach could
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expansion of the conflict to surrounding areas, create a number of risks that could
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brought against us is expensive and time-consuming and may not be successful.
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expensive and time-consuming and may not be successful.
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assurance that we will not incur any such material losses in the future.
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no assurance that we will not incur any such material losses in the future.
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technology, or our inability to obtain substitute equipment at acceptable prices in a
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technology, or our inability to obtain substitute equipment at acceptable prices in a timely
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timely manner, could impair our ability to meet the
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Our EasyPay Insurance business exposes us to risks typically experienced by life assurance companies.
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Our Lesaka Life business exposes us to risks typically experienced by life assurance companies.
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our insurance writings. If our reinsurers are unable to meet their commitments to us in a timely manner, or at all, we may be unable to
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in our risk exposure or reduce our insurance writings. If our reinsurers are unable to meet their
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Risks Relating to Operating in South Africa and Other Foreign Markets
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Risks Relating to Operating in South Africa and Other Foreign
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restrictions, tariffs, legal structures and tax laws;
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and regulations established by the U.S. Department of Treasury’s
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regulations established by the U.S. Department of Treasury’s
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procure services (to companies with a better BEE Status Level).
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companies from which we purchase goods or procure services (to companies with a better
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all South African businesses, we currently hold a BEE Status Level 2.
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all South African businesses, we currently hold a BEE Status Level 3.
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During fiscal 2025, we made cash contributions to 36 community-based organizations and enterprises to enable them to
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During fiscal 2026, we made cash contributions to 61 community-based organizations and enterprises to enable them to
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involved in disaster relief efforts for 275 families who were affected by disasters such as
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involved in disaster relief efforts for 601 families who were affected
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supply in South Africa, which could adversely affect our,
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adversely affect our, financial position, cash flows
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financial position, cash flows and future growth.
Showing the first 40 of 98 pairs. Open the source sections for the rest.
Rearranged current paragraphs (11)
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we cannot assure you that we will be able to complete our strategy successfully
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which would have a material adverse effect
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us to risks typically experienced by life assurance companies. Some of these risks include
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commitments to us in a timely manner,
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or at all, we may be
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by disasters such as floods and fires.
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and regulatory framework, which may have a material
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material weaknesses in our internal control over financial reporting which, if not timely
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adverse effect on our business and stock price.
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and the increased possibility of legal
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proceedings and regulatory inquiries, sanctions or investigations.
Rearranged previous paragraphs (10)
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business will be materially and adversely affected.
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specified levels, engage in certain business combinations and engage in
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expected to have a substantial impact
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to increased operational costs, which may have a material adverse effect
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, the collection, use, retention, security and transfer) of
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to those of the holders of
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controls, including a lack of validation
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specifically insufficient risk assessment and ineffective design and implementation of
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on our business and stock price.
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directors, officers, and experts who are located outside