LESAKA TECHNOLOGIES INC

For the period ended Sep 30, 2026. Filed Nov 4, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 4, 2026

LSAK$3.52-1.4%Stored close · as of Nov 6, 2026

What changed in Management’s Discussion and Analysis?

Read the current filing

Previous report: 10-Q

Period ended 2026-03-31; filed 2026-05-06.

0001562762-26-000058

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Current report: 10-Q

Period ended 2026-09-30; filed 2026-11-04.

0001562762-26-000125

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The 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 3440 previous paragraphs and 3270 current paragraphs.

1156 unchanged; 20 reworded; 2093 added; 2263 removed; 1 previous and 1 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 (2093)

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should

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be read

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in conjunction with

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our Annual

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the year ended

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in this

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Form

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10-Q.

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securities laws

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require

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that when

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we publish

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any non-GAAP

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we disclose

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the reason

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and provide

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to the most

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We discuss

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why we

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present

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risks

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limitations

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of these non-GAAP

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to the most

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at “—Results

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Operations—Use

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of Non-GAAP

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Some

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Form

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10-Q

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constitute

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relate

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or our

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involve

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known and

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unknown

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risks,

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uncertainties

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factors

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that may

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Showing the first 40 of 2093 passages. Open the source sections for the rest.

Removed paragraphs (2263)

Previous report

Financial Condition and Results of Operations

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The following discussion should be read in conjunction with our Annual Report on Form 10-K for the year

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and the unaudited condensed consolidated financial statements and

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the accompanying notes included in this Form 10-Q.

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U.S. securities laws

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require that when

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we publish any

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non-GAAP measures, we

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disclose the reason

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provide

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comparable

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discuss

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why

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present these non

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-GAAP measures and

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the material risks

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and limitations of

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these measures, as

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well as a

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reconciliation of these

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most directly

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comparable GAAP

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“—Results of

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Operations—Use of

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Measures” below.

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Some of the statements in this Form 10-Q constitute forward-looking

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statements. These statements relate to future events or our

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future financial performance

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and involve known

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and unknown

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risks, uncertainties and

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other factors that

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may cause

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our or our

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industry’s

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actual results,

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levels of

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to be

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any future

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results, levels

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Showing the first 40 of 2263 passages. Open the source sections for the rest.

Reworded paragraphs (20)

Previous wording

should read this Form 10-Q and the documents that we reference herein and the documents we have filed as exhibits hereto

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Current wording

read this Form 10-Q and

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to translate this data for the three and nine months ended March 31,

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this data for the three months

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Cost of goods sold, IT processing, servicing

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months ended September 30, 2025, Cost of goods sold, IT processing, servicing and support

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ZAR 4.9 million, and the subtotal captions from

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and the subtotal captions from Loss before income tax expense to

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March 31, 2026 have been decreased by $0.4 million and, as a result of the correction, as discussed in Note 1, to the amount included

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Net loss attributable to Lesaka decreased by $0.4 million.

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Finance Loans Receivable and Allowance for Credit Losses.

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includes allowance for credit losses.

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sold, IT processing, servicing

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sold, IT processing, servicing and support increased by ZAR 3.2

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which was partially offset by lower stock-based compensation

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by lower stock-based

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rate for fiscal 2026 was impacted by

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tax rate for fiscal 2026 was

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Merchant Segment Adjusted

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(A) Merchant Segment Adjusted EBITDA and Group

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tax expense (benefit) to Net income (loss) attributable to Lesaka decreased by $0.3 million for the three months ended March 31, 2025.

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million for the three months ended September

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correction to amounts reported for the three months ended September 30, 2025.

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correction to amounts reported for the three months

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in Note 18 to

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September 30, 2025, to correct the error discussed in Note 1 to the unaudited condensed consolidated

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Income (Loss) attributable to Lesaka - GAAP

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to Lesaka - GAAP

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as a necessary step in a set of strategic initiatives designed to create a “One

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as a necessary step in a set of strategic

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invest any surplus cash held by

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and any surplus cash held by our non-South

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net growth in our Consumer finance loans receivable.

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net growth in our Consumer

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$0.2 million in other tax jurisdictions, primarily in Namibia and Botswana

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$0.2 million in other tax jurisdictions,

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tax jurisdictions, primarily in Namibia and Botswana.

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primarily in Namibia and Botswana

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their tax year to our June 30 tax year end. We

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tax year end. We also paid taxes

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Rearranged current paragraphs (1)

Current report — wording carried from elsewhere

of the correction to amounts reported for

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Rearranged previous paragraphs (1)

Previous report — wording carried elsewhere

and lower allowance for credit losses.

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