XML 25 R14.htm IDEA: XBRL DOCUMENT v3.25.3
Goodwill And Intangible Assets, Net
3 Months Ended
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