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Revenue Recognition | 9 Months Ended
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Mar. 31, 2025
Revenue Recognition [Abstract] |
Revenue Recognition | 16. Revenue recognition Disaggregation of revenue The following table presents the Company’s revenue disaggregated by major revenue streams, including a reconciliation to reportable segments for the three months ended March 31, 2025: Merchant Consumer Enterprise Total (As restated) (A) (As restated) (A) Processing fees (A) $ 32,553 $ 7,583 $ 6,581 $ 46,717 South Africa (A) 30,795 7,583 6,581 44,959 Rest of Africa 1,758 - - 1,758 Technology products 5,863 29 971 6,863 South Africa 5,790 29 971 6,790 Rest of Africa 73 - - 73 Prepaid airtime sold (A) 87,010 26 1,556 88,592 South Africa (A) 80,340 26 1,556 81,922 Rest of Africa 6,670 - - 6,670 Lending revenue - 8,143 - 8,143 Interest from customers 1,793 504 - 2,297 Insurance revenue - 5,170 - 5,170 Account holder fees - 1,791 - 1,791 Other 998 850 29 1,877 South Africa 944 850 29 1,823 Rest of Africa 54 - - 54 Total revenue, derived from the following geographic locations (A) 128,217 24,096 9,137 161,450 South Africa (A) 119,662 24,096 9,137 152,895 Rest of Africa $ 8,555 $ - $ - $ 8,555 16. Revenue recognition (continued) Disaggregation of revenue (continued) (A) Processing fees (and South Africa) have reduced by $ 1.9 million and Prepaid airtime sold (South Africa) have increased by $ 27.7 million as a result of the correction discussed in Note 1. The net correction to revenue was $ 25.8 million. The following table presents the Company’s revenue disaggregated by major revenue streams, including a reconciliation to reportable segments for the three months ended March 31, 2024: Merchant Consumer Enterprise Total Processing fees $ 21,944 $ 6,353 $ 6,738 $ 35,035 South Africa 20,417 6,353 6,738 33,508 Rest of Africa 1,527 - - 1,527 Technology products 562 8 1,233 1,803 South Africa 518 8 1,233 1,759 Rest of Africa 44 - - 44 Prepaid airtime sold 86,184 83 1,401 87,668 South Africa 81,083 83 1,401 82,567 Rest of Africa 5,101 - - 5,101 Lending revenue - 6,229 - 6,229 Interest from customers 1,553 - - 1,553 Insurance revenue - 3,178 - 3,178 Account holder fees - 1,560 - 1,560 Other 604 493 71 1,168 South Africa 551 493 71 1,115 Rest of Africa 53 - - 53 Total revenue, derived from the following geographic locations 110,847 17,904 9,443 138,194 South Africa 104,122 17,904 9,443 131,469 Rest of Africa $ 6,725 $ - $ - $ 6,725 The following table presents the Company’s revenue disaggregated by major revenue streams, including a reconciliation to reportable segments for the nine months ended March 31, 2025: Merchant Consumer Enterprise Total (As restated) (A) (As restated) (A) Processing fees (A) $ 92,715 $ 22,975 $ 18,918 $ 134,608 South Africa (A) 87,292 22,975 18,918 129,185 Rest of Africa 5,423 - - 5,423 Technology products 15,829 96 3,449 19,374 South Africa 15,619 96 3,449 19,164 Rest of Africa 210 - - 210 Prepaid airtime sold (A) 279,076 66 4,794 283,936 South Africa (A) 259,747 66 4,794 264,607 Rest of Africa 19,329 - - 19,329 Lending revenue - 22,475 - 22,475 Interest from customers 5,079 624 - 5,703 Insurance revenue - 14,378 - 14,378 Account holder fees - 5,255 - 5,255 Other 3,197 2,228 80 5,505 South Africa 3,029 2,228 80 5,337 Rest of Africa 168 - - 168 Total revenue, derived from the following geographic locations (A) 395,896 68,097 27,241 491,234 South Africa (A) 370,766 68,097 27,241 466,104 Rest of Africa $ 25,130 $ - $ - $ 25,130 16. Revenue recognition (continued) Disaggregation of revenue (continued) (A) Processing fees (and South Africa) has reduced by $ 4.7 million and Prepaid airtime sold (South Africa) has increased by $ 67.9 million as a result of the correction discussed in Note 1. The net correction to revenue was $ 63.2 million. The following table presents the Company’s revenue disaggregated by major revenue streams, including a reconciliation to reportable segments for the nine months ended March 31, 2024: Merchant Consumer Enterprise Total Processing fees $ 67,254 $ 18,261 $ 19,992 $ 105,507 South Africa 62,911 18,261 19,992 101,164 Rest of Africa 4,343 - - 4,343 Technology products 1,630 39 5,405 7,074 South Africa 1,496 39 5,405 6,940 Rest of Africa 134 - - 134 Prepaid airtime sold 263,040 176 3,817 267,033 South Africa 248,183 176 3,817 252,176 Rest of Africa 14,857 - - 14,857 Lending revenue - 17,188 - 17,188 Interest from customers 4,526 - - 4,526 Insurance revenue - 8,686 - 8,686 Account holder fees - 4,430 - 4,430 Other 2,028 1,411 293 3,732 South Africa 1,876 1,411 293 3,580 Rest of Africa 152 - - 152 Total revenue, derived from the following geographic locations 338,478 50,191 29,507 418,176 South Africa 318,992 50,191 29,507 398,690 Rest of Africa $ 19,486 $ - $ - $ 19,486

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