Lesaka Technologies (LSAK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here is how Lesaka Technologies (LSAK) and RB Global (RBA) have performed compared to their sector so far this year.
Consumer revenue grew 41% and EBITDA surged 81%, driven by rising product penetration and expanding lending activity. Lesaka's operating income increased over eightfold to ZAR65 million while adjusted EBITDA reached a record ZAR337 million. Operating cash flow reached ZAR608 million in nine months while annual capital expenditures remain below ZAR400 million.
| Transportation Infrastructure Industry | Industrials Sector | Lincoln Camagu Mali CEO | XSTU Exchange | 64107N206 CUSIP |
| ZA Country | 3,728 Employees | - Last Dividend | 13 Jun 2005 Last Split | 19 Apr 1999 IPO Date |
Lesaka Technologies, Inc., initially known as Net 1 UEPS Technologies, Inc., rebranded itself in May 2022. This fintech company, incorporated in 1997 and headquartered in Johannesburg, South Africa, leverages its innovative banking and payment technologies to offer a wide range of financial services solutions. Catering to both business-to-business (B2B) and business-to-consumer (B2C) segments in Southern Africa, Lesaka Technologies focuses on enhancing financial inclusivity across the region. Its solutions are designed to meet the diverse needs of formal and informal retail merchants, as well as the broader consumer base, through a blend of traditional and digital financial services.