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Goodwill And Intangible Assets, Net | 3 Months Ended
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Sep. 30, 2025
Goodwill And Intangible Assets, Net [Abstract] |
Goodwill And Intangible Assets, Net | 7. Goodwill and intangible assets, net Goodwill Summarized below is the movement in the carrying value of goodwill for the three months ended September 30, 2025: Gross value Accumulated impairment Carrying value Balance as of June 30, 2025 $ 236,109 $ (36,714) $ 199,395 Foreign currency adjustment (1) 6,453 (869) 5,584 Balance as of September 30, 2025 $ 242,562 $ (37,583) $ 204,979 (1) – The foreign currency adjustment represents the effects of the fluctuations of the South African rand against the U.S. dollar on the carrying value. Goodwill has been allocated to the Company’s reportable segments as follows: Merchant Consumer Enterprise Carrying value Balance as of June 30, 2025 $ 179,634 $ 6,027 $ 13,734 $ 199,395 Foreign currency adjustment (1) 5,027 170 387 5,584 Balance as of September 30, 2025 $ 184,661 $ 6,197 $ 14,121 $ 204,979 (1) The foreign currency adjustment represents the effects of the fluctuations of the South African rand against the U.S. dollar o n the carrying value. 7. Goodwill and intangible assets, net (continued) Intangible assets, net Carrying value and amortization of intangible assets Summarized below is the carrying value and accumulated amortization of intangible assets as of September 30, 2025, and June 30, 2025: As of September 30, 2025 As of June 30, 2025 Gross carrying value Accumulated amortization Net carrying value Gross carrying value Accumulated amortization Net carrying value Finite-lived intangible assets: Software, integrated platform and unpatented technology $ 142,015 $ (47,034) $ 94,981 $ 137,099 $ (41,925) $ 95,174 Customer relationships 54,970 (20,509) 34,461 53,369 (18,568) 34,801 Brands and trademarks (1) 18,746 (13,524) 5,222 18,233 (8,993) 9,240 FTS patent 2,219 (2,219) - 2,158 (2,158) - Total finite-lived intangible assets $ 217,950 $ (83,286) $ 134,664 $ 210,859 $ (71,644) $ 139,215 (1) During early calendar 2025, the Company’s executive considered the unification of the Company’s merchant segments operations and the realignment of the Company’s brands under the master brand “Lesaka”. The Company’s Board of Directors approved the realignment of certain of the Company’s brands to the master brand in May 2025. The Company has identified the steps and timing to realign the affected brands under the master brand and expects to have complete alignment by February 2027, with certain brands expected to be aligned by December 2025. The change in brands has resulted in a change in the useful lives of certain of the Company’s brand and trademark intangible assets which has resulted in an increase (excluding the impact on Adumo and GAAP brands) in amortization expense of $ 3.1 million during the three months ended September 30, 2025 compared with the three months ended September 30, 2024. The change in the useful lives resulted in a $ 2.3 million increase in the Company’s net loss from continuing operations for the three months ended September 30, 2025, and did not have a significant impact on loss per share. The change did not impact prior periods. Aggregate amortization expense on the finite-lived intangible assets for the three months ended September 30, 2025 and 2024, was $ 9.2 million and $ 3.8 million, respectively. Future estimated annual amortization expense for the next five fiscal years and thereafter, assuming exchange rates that prevailed on September 30, 2025, is presented in the table below. Actual amortization expense in future periods could differ from this estimate as a result of acquisitions, changes in useful lives, exchange rate fluctuations and other relevant factors. Fiscal 2026 (excluding three months ended September 30, 2025) $ 21,615 Fiscal 2027 21,507 Fiscal 2028 20,994 Fiscal 2029 20,034 Fiscal 2030 18,662 Thereafter 31,852 Total future estimated annual amortization expense $ 134,664

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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