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Capital Structure
 6 Months Ended
Dec. 31, 2024
Capital Structure [Abstract]  
Capital Structure
11.
 
Capital structure
October 2024 repurchase of common stock
On October
 
1, 2024,
 
the Company,
 
through Lesaka
 
SA, and
 
Crossfin Holdings
 
entered into
 
a share
 
purchase agreement
 
under
which Lesaka SA purchased
2,601,410
 
of the
3,587,332
 
Consideration Shares for ZAR
207.2
 
million ($
12.0
 
million). The transaction
was settled
 
in early
 
October 2024,
 
and the
 
shares of
 
Company’s
 
common stock
 
repurchased have
 
been included
 
in the
 
Company’s
treasury shares
 
included in
 
its unaudited
 
condensed consolidated
 
statement of
 
changes in
 
equity for
 
the three
 
and six months
 
ended
December 31, 2024. The repurchase was made outside of the Company’s
 
$
100
 
million share repurchase authorization.
Redeemable common stock issued pursuant to transaction with the IFC Investors
Put Option
Refer to
 
Note 14
 
to the
 
Company’s
 
audited consolidated
 
financial statements
 
included in
 
its Annual
 
Report on
 
Form 10-K
 
for
the year ended
 
June 30, 2024, for
 
additional information regarding
 
its redeemable common
 
stock issued pursuant to
 
transaction with
the IFC Investors.
 
Certain IFC Investors were
 
investors in Adumo
 
and the Company
 
issued an aggregate
 
of
1,989,162
 
additional shares
of its common
 
stock at a
 
price of
 
$
4.79
 
to these
 
IFC Investors pursuant
 
to the
 
Purchase Agreement. The
 
Company and the
 
IFC Investors
amended and restated the Policy Agreement (“Amended and Restated Policy Agreement”) to include these additional shares issued to
the IFC
 
Investors to also
 
be covered by
 
the put
 
right included
 
in the
 
Amended and Restated
 
Policy Agreement. The
 
Company accounted
for these
1,989,162
 
shares as redeemable
 
common stock as
 
a result of
 
the put option.
 
The Company believes
 
that the put
 
option has
no value and, accordingly,
 
has not recognized the put option in its consolidated financial statements.
 
11.
 
Capital structure (continued)
Impact of non-vested equity shares on number of shares,
 
net of treasury
The following table presents a
 
reconciliation between the number of
 
shares, net of treasury, presented in the
 
unaudited condensed
consolidated statement of changes in
 
equity during the six months ended
 
December 31, 2024 and 2023, respectively,
 
and the number
of shares, net of treasury,
 
excluding non-vested equity shares that have not vested as of December
 
31, 2024 and 2023, respectively:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31,
December 31,
2024
2023
Number of shares, net of treasury:
Statement of changes in equity
 
80,203,148
64,443,523
Less: Non-vested equity shares that have not vested as of end of period
2,902,303
3,205,580
Number of shares, net of treasury,
 
excluding non-vested equity shares that have not
vested
 
77,300,845
61,237,943