LESAKA TECHNOLOGIES INC

INC.

Unaudited Condensed Consolidated

Balance Sheets

(In thousands,

except share data)

ASSETS

CURRENT ASSETS

Cash and cash equivalents

$

85,778

$

81,409

Restricted cash related to credit facilities

(Note 9)

Accounts receivable, net and other receivables (Note

51,117

43,765

Finance loans receivable, net (Note

115,390

103,810

Inventory (Note

24,017

20,113

Total current assets before

settlement assets

276,431

249,226

Settlement assets

18,887

18,504

Total current assets

295,318

267,730

PROPERTY,

PLANT AND EQUIPMENT,

net of accumulated depreciation of -September: $

74,845

June:

$

69,766

53,929

50,212

LEASE RIGHT-OF-USE (Note

27,809

20,161

EQUITY-ACCOUNTED INVESTMENTS

1,363

GOODWILL (Note 7)

215,419

215,298

INTANGIBLE

ASSETS, NET

(Note 7), including integrated platform

of -September: $

70,087

June:

$

73,211

118,452

123,425

DEFERRED INCOME TAXES

13,029

12,470

OTHER LONG-TERM

ASSETS (Note

6 and 8)

9,367

9,697

TOTAL ASSETS

734,686

699,288

LIABILITIES

CURRENT LIABILITIES

Short-term credit facilities (Note

38,633

20,671

Accounts payable

25,371

23,986

Other payables (Note 10)

91,479

83,262

Operating lease liability - current (Note

4,933

4,408

Current portion of

(Note 9)

16,092

16,114

Income taxes payable

2,632

1,691

Total current liabilities

before settlement obligations

179,140

150,132

Settlement obligations

18,721

18,530

Total current liabilities

197,861

168,662

DEFERRED INCOME TAXES

26,822

28,379

LEASE LIABILITY - LONG TERM (Note

26,721

19,338

LONG-TERM

BORROWINGS (Note

197,703

194,597

OTHER LONG-TERM

LIABILITIES, including insurance policy liabilities (Note 8)

4,169

3,988

TOTAL LIABILITIES

453,276

414,964

REDEEMABLE COMMON

STOCK (Note

69,686

78,972

EQUITY

COMMON STOCK

(Note 11)

Authorized:

200,000,000

with

$

0.001

par

value;

Issued and outstanding

shares, net of treasury -September:

;

June:

83,306,794

PREFERRED STOCK

Authorized shares:

50,000,000

with

$

0.001

par

value;

Issued and outstanding

shares, net of treasury:

September:

; June:

ADDITIONAL PAID-IN-CAPITAL

163,024

152,554

TREASURY SHARES, AT COST -

September:

2,548,472

;

June:

2,548,472

(234)

(234)

ACCUMULATED OTHER

COMPREHENSIVE

LOSS (Note

RETAINED EARNINGS

215,084

219,267

TOTAL

LESAKA EQUITY

211,724

205,352

NON-CONTROLLING

INTEREST

TOTAL EQUITY

211,724

205,352

TOTAL LIABILITIES,

REDEEMABLE COMMON STOCK

AND SHAREHOLDERS’ EQUITY

$

734,686

$

699,288