v3.25.4

Operating Segments (Tables) | 6 Months Ended
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Dec. 31, 2025
Operating Segments [Abstract] |
Reconciliation Of Reportable Segments Revenue | Three months ended December 31, 2025 Merchant Consumer Enterprise Total Revenue from external customers $ 131,142 $ 33,118 $ 14,474 $ 178,734 Intersegment revenues 777 - 322 1,099 Segment revenue (z) 131,919 33,118 14,796 179,833 Less segment-related expenses: Cost of goods sold, IT processing, servicing and support (y) 101,613 10,533 10,792 122,938 Selling, general and administration (1)(2) 11,422 4,782 1,312 17,516 Segment adjusted EBITDA $ 18,884 $ 17,803 $ 2,692 $ 39,379 (z) includes interest revenue of: $ 2,104 $ 5,323 $ - $ 7,427 (y) includes interest expense of: $ 481 $ 1,295 $ - $ 1,776 Operating segments Merchant Consumer Enterprise Group costs Total Depreciation and amortization $ 3,688 $ 311 $ 88 $ 9,481 $ 13,568 Expenditures for long-lived assets $ 4,148 $ 87 $ 695 $ - $ 4,930 Three months ended December 31, 2024 Merchant Consumer Enterprise Total Revenue from external customers $ 144,615 $ 22,929 $ 8,672 $ 176,216 Intersegment revenues 594 - 261 855 Segment revenue (z) 145,209 22,929 8,933 177,071 Less segment-related expenses: Cost of goods sold, IT processing, servicing and support (y)(A) 104,703 8,373 9,702 122,778 Selling, general and administration (A)(1)(3) 30,417 10,214 (738) 39,893 Segment adjusted EBITDA (A) $ 10,089 $ 4,342 $ (31) $ 14,400 (z) includes interest revenue of: $ 1,610 $ 120 $ - $ 1,730 (y) includes interest expense of: $ 374 $ 757 $ - $ 1,131 Operating segments Merchant Consumer Enterprise Group costs Total Depreciation and amortization $ 3,027 $ 235 $ 94 $ 4,867 $ 8,223 Expenditures for long-lived assets $ 5,899 $ 575 $ 272 $ - $ 6,746 (A) Cost of goods sold, IT processing, servicing and support and Selling, general and administration for Merchant and Total for the three months ended December 31, 2024 have each increased by $ 0.17 million and $ 0.06 million, respectively, as a result of the correction discussed in Note 1. Segment Adjusted EBITDA for Merchant and Total for the three months ended December 31, 2024 have each decreased by $ 0.23 million as a result of the correction discussed in Note 1. (1) Selling, general and administration includes human capital-related expenses (including base salary and bonus), IT-related expenses (including software licenses, hardware maintenance, hosting, and communication expenses), professional fees (including audit, legal, consulting and other fees), lease and utilities expenses, the allowance for credit losses and other operating and support expenses. (2) Segment Adjusted EBITDA for the three months ended December 31, 2025, includes retrenchment costs for Merchant of $ 0.2 million (ZAR 3.7 million). (3) Segment Adjusted EBITDA for the three months ended December 31, 2024, includes retrenchments costs for Consumer of $ 0.01 million (ZAR 0.1 million). Six months ended December 31, 2025 Merchant Consumer Enterprise Total Revenue from external customers $ 257,455 $ 63,694 $ 29,033 $ 350,182 Intersegment revenues 1,414 - 616 2,030 Segment revenue (z) 258,869 63,694 29,649 352,212 Less segment-related expenses: Cost of goods sold, IT processing, servicing and support (y)(A) 200,026 20,970 21,313 242,309 Selling, general and administration (A)(1)(2) 39,959 24,921 5,644 70,524 Segment adjusted EBITDA (A) $ 18,884 $ 17,803 $ 2,692 $ 39,379 (z) includes interest revenue of: $ 4,391 $ 10,237 $ - $ 14,628 (y) includes interest expense of: $ 972 $ 2,367 $ - $ 3,339 Operating segments Merchant Consumer Enterprise Group costs Total Depreciation and amortization $ 7,053 $ 620 $ 174 $ 18,615 $ 26,462 Expenditures for long-lived assets $ 8,473 $ 368 $ 1,208 $ - $ 10,049 Six months ended December 31, 2024 Merchant Consumer Enterprise Total Revenue from external customers $ 267,678 $ 44,001 $ 18,105 $ 329,784 Intersegment revenues 1,182 - 2,711 3,893 Segment revenue (z) 268,860 44,001 20,816 333,677 Less segment-related expenses: Cost of goods sold, IT processing, servicing and support (y)(A) 221,137 17,040 16,908 255,085 Selling, general and administration (A)(1)(3) 30,304 18,223 3,577 52,104 Segment adjusted EBITDA (A) $ 17,419 $ 8,738 $ 331 $ 26,488 (z) includes interest revenue of: $ 3,286 $ 120 $ - $ 3,406 (y) includes interest expense of: $ 766 $ 1,588 $ - $ 2,354 Operating segments Merchant Consumer Enterprise Group costs Total Depreciation and amortization $ 5,254 $ 437 $ 194 $ 8,614 $ 14,499 Expenditures for long-lived assets $ 9,785 $ 706 $ 393 $ - $ 10,884 (A) Cost of goods sold, IT processing, servicing and support and Selling, general and administration for Merchant and Total for the six months ended December 31, 2024 have each increased by $ 0.34 million and $ 0.12 million, respectively, as a result of the correction discussed in Note 1. Segment Adjusted EBITDA for Merchant and Total for the six months ended December 31, 2024 have each decreased by $ 0.45 million as a result of the correction discussed in Note 1. Cost of goods sold, IT processing, servicing and support and Selling, general and administration for Merchant and Total for the six months ended December 31, 2025 have each increased by $ 0.18 million and $ 0.06 million, respectively, as a result of the correction, as discussed in Note 1, to the amount included in the captions Cost of goods sold, IT processing, servicing and support and Selling, general and administration for the three months ended September 30, 2025. Segment Adjusted EBITDA for Merchant and Total for the six months ended December 31, 2025 have each decreased by $ 0.25 million as a result of the correction, as discussed in Note 1, to the amount included in the caption Segment Adjusted EBITDA for the three months ended September 30, 2025. 1) Selling, general and administration includes human capital-related expenses (including base salary and bonus), IT-related expenses (including software licenses, hardware maintenance, hosting, and communication expenses), professional fees (including audit, legal, consulting and other fees), lease and utilities expenses, the allowance for credit losses and other operating and support expenses. (2) Segment Adjusted EBITDA for the six months ended December 31, 2025, includes retrenchment costs for Merchant of $ 0.4 million (ZAR 7.4 million) and Consumer of $ 0.1 million (ZAR 2.6 million). (3) Segment Adjusted EBITDA for the six months ended December 31, 2024, includes retrenchments costs for Consumer of $ 0.1 million (ZAR 1.2 million) and Enterprise of $ 0.0 million (ZAR 0.2 million).
Reconciliation Of Reportable Segments Measure Of Profit Or Loss To Income | Three months ended Six months ended December 31, December 31, 2025 2024 2025 2024 Reportable segments' measure of profit or loss (A) $ 20,673 $ 14,400 $ 39,379 $ 26,488 Operating loss: Group costs (2,896) (2,820) (6,507) (5,769) Once-off costs (247) (488) (514) (2,293) Interest adjustment - 757 - 1,588 Unrealized Gain (Loss) FV for currency adjustments 133 (435) 197 (216) Stock-based compensation charge adjustments (1,945) (2,644) (3,806) (5,021) Depreciation and amortization (13,568) (8,223) (26,462) (14,499) Loss on disposal of equity-accounted investments - (161) (584) (161) Change in fair value of equity securities 2,971 (33,731) 2,971 (33,731) Other income 3,883 - 3,883 - Loss on disposal of equity securities (730) - (730) - Interest income 508 721 1,047 1,307 Interest expense (A) (4,591) (6,266) (9,604) (11,382) Income (Loss) before income tax expense (A) $ 4,191 $ (38,890) $ (730) $ (43,689) (A) Reportable segments’ measure of profit or loss for the three and six months ended December 31, 2024, have decreased by $ 0.23 million and $ 0.45 million, respectively, as a result of the correction discussed in Note 1. Interest expense for the three and six months ended December 31, 2024, have increased by $ 0.09 million and $ 0.18 million, respectively, as a result of the correction discussed in Note 1. Net income (loss) before taxes for the three and six months ended December 31, 2024, have decreased by $ 0.63 million and $ 0.63 million, respectively, as a result of the correction discussed in Note 1.

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