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Revenue Recognition | 6 Months Ended
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Dec. 31, 2024
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 December 31, 2024: Merchant Consumer Enterprise Total (As restated) (A) (As restated) (A) Processing fees (A) $ 35,794 $ 7,862 $ 5,825 $ 49,481 South Africa (A) 33,931 7,862 5,825 47,618 Rest of Africa 1,863 - - 1,863 Technology products 8,121 65 1,187 9,373 South Africa 8,057 65 1,187 9,309 Rest of Africa 64 - - 64 Prepaid airtime sold (A) 98,188 23 1,660 99,871 South Africa (A) 91,409 23 1,660 93,092 Rest of Africa 6,779 - - 6,779 Lending revenue - 7,376 - 7,376 Interest from customers 1,610 120 - 1,730 Insurance revenue - 4,868 - 4,868 Account holder fees - 1,765 - 1,765 Other 902 850 - 1,752 South Africa 845 850 - 1,695 Rest of Africa 57 - - 57 Total revenue, derived from the following geographic locations (A) 144,615 22,929 8,672 176,216 South Africa (A) 135,852 22,929 8,672 167,453 Rest of Africa $ 8,763 $ - $ - $ 8,763 16. Revenue recognition (continued) Disaggregation of revenue (continued) (A) Processing fees (and South Africa) have reduced by $ 2.1 million and Prepaid airtime sold (South Africa) have increased by $ 31.5 million as a result of the correction discussed in Note 1. The net correction to revenue was $ 29.4 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 December 31, 2023: Merchant Consumer Enterprise Total Processing fees $ 22,984 $ 6,175 $ 6,820 $ 35,979 South Africa 21,528 6,175 6,820 34,523 Rest of Africa 1,456 - - 1,456 Technology products 557 12 2,646 3,215 South Africa 518 12 2,646 3,176 Rest of Africa 39 - - 39 Prepaid airtime sold 90,620 52 1,339 92,011 South Africa 85,618 52 1,339 87,009 Rest of Africa 5,002 - - 5,002 Lending revenue - 5,586 - 5,586 Interest from customers 1,453 - - 1,453 Insurance revenue - 2,897 - 2,897 Account holder fees - 1,502 - 1,502 Other 654 483 113 1,250 South Africa 604 483 113 1,200 Rest of Africa 50 - - 50 Total revenue, derived from the following geographic locations 116,268 16,707 10,918 143,893 South Africa 109,721 16,707 10,918 137,346 Rest of Africa $ 6,547 $ - $ - $ 6,547 The following table presents the Company’s revenue disaggregated by major revenue streams, including a reconciliation to reportable segments for the six months ended December 31, 2024: Merchant Consumer Enterprise Total (As restated) (A) (As restated) (A) Processing fees (A) $ 60,162 $ 15,392 $ 12,337 $ 87,891 South Africa (A) 56,497 15,392 12,337 84,226 Rest of Africa 3,665 - - 3,665 Technology products 9,966 67 2,478 12,511 South Africa 9,829 67 2,478 12,374 Rest of Africa 137 - - 137 Prepaid airtime sold (A) 192,066 40 3,238 195,344 South Africa (A) 179,407 40 3,238 182,685 Rest of Africa 12,659 - - 12,659 Lending revenue - 14,332 - 14,332 Interest from customers 3,286 120 - 3,406 Insurance revenue - 9,208 - 9,208 Account holder fees - 3,464 - 3,464 Other 2,199 1,378 51 3,628 South Africa 2,085 1,378 51 3,514 Rest of Africa 114 - - 114 Total revenue, derived from the following geographic locations (A) 267,679 44,001 18,104 329,784 South Africa (A) 251,104 44,001 18,104 313,209 Rest of Africa $ 16,575 $ - $ - $ 16,575 16. Revenue recognition (continued) Disaggregation of revenue (continued) (A) Processing fees (and South Africa) have reduced by $ 2.8 million and Prepaid airtime sold (South Africa) have increased by $ 40.3 million as a result of the correction discussed in Note 1. The net correction to revenue was $ 37.4 million. The following table presents the Company’s revenue disaggregated by major revenue streams, including a reconciliation to reportable segments for the six months ended December 31, 2023: Merchant Consumer Enterprise Total Processing fees $ 45,310 $ 11,908 $ 13,254 $ 70,472 South Africa 42,494 11,908 13,254 67,656 Rest of Africa 2,816 - - 2,816 Technology products 1,068 31 4,172 5,271 South Africa 978 31 4,172 5,181 Rest of Africa 90 - - 90 Prepaid airtime sold 176,856 93 2,416 179,365 South Africa 167,100 93 2,416 169,609 Rest of Africa 9,756 - - 9,756 Lending revenue - 10,959 - 10,959 Interest from customers 2,973 - - 2,973 Insurance revenue - 5,508 - 5,508 Account holder fees - 2,870 - 2,870 Other 1,424 918 222 2,564 South Africa 1,325 918 222 2,465 Rest of Africa 99 - - 99 Total revenue, derived from the following geographic locations 227,631 32,287 20,064 279,982 South Africa 214,870 32,287 20,064 267,221 Rest of Africa $ 12,761 $ - $ - $ 12,761

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