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Lesaka enables underserviced consumers and businesses in the southern cone of Africa to manage their daily financial activities in a better way, improving people's lives and increasing financial inclusion in the markets in which we operate. We have developed a unique ecosystem of communities that provides: (1) over 2 million consumers with specialized banking, credit, insurance and payout solut…
The business is unprofitable at the operating level (-4.16% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 16.6%, still solid. Margins contracted 4.8pp, which offsets some of the top-line progress.
Free cash flow declined 263% versus the prior year, cash generation momentum has weakened. ROIC dropped from 0.88% to -6.09%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$690M
▲ +16.6% YoY
Net Income (TTM)
-$28M
▼ -401.7% YoY
Op. Margin
-3.09%
▼ -4.8pp YoY
ROIC
-4.29%
▼ -7.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$14M
▼ -263.2% YoY
Op. Cash Flow (TTM)
$29M
▼ -131.7% YoY
Net Debt
$121M
Cash & Equiv.
$91M
5Y CAGR: +35.2%
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