v3.25.4

Acquisitions And Dispositions | 6 Months Ended
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Dec. 31, 2025
Acquisitions And Dispositions [Abstract] |
Acquisitions And Dispositions | 2. Acquisitions and Dispositions Refer to Note 3 to the Company’s audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2025, for additional information regarding the acquisition of Recharger Proprietary Limited (“Recharger”) and the proposed acquisition of Bank Zero Mutual Bank (“Bank Zero”) (which transaction remains conditional). The cash paid, net of cash received related to the Company’s acquisitions during the six months ended December 31, 2025, is summarized in the table below: Total Total cash paid $ 350 Less: cash acquired 5 Total cash paid, net of cash received $ 345 2026 Proposed acquisitions of Bank Zero On June 26, 2025, Lesaka Technologies Proprietary Limited (“Lesaka SA”) entered into a Transaction Implementation Agreement (the “Transaction Implementation Agreement”) with Zero Research Proprietary Limited (“Zero Research”), Bank Zero, and other parties identified in Annexure A to the Transaction Implementation Agreement (being all of the shareholders of Bank Zero save for Zero Research and Naught Holdings Ltd, the “Bank Zero Sellers”), the parties listed in Annexure B to the Transaction Implementation Agreement (being all of the shareholders of Zero Research save for Naught Holdings Ltd, the “Zero Research Sellers”) and Naught Holdings Ltd. The Company incurred transaction-related expenditures of $ 0.04 million and $ 0.1 million during the three and six months ended December 31, 2025, respectively, related to the proposed acquisition of Bank Zero. The Company’s accruals presented in Note 10 of as December 31, 2025, includes an accrual of transaction related expenditures of $ 0.3 million and the Company expects to incur further transaction costs of $ 0.2 million during the 2026 fiscal year. 2026 Acquisitions On November 10, 2025, the Company, through its wholly owned subsidiary, Prism Holdings Proprietary Limited (“Prism”), entered into a Sale of Shares Agreement (the “Atom Purchase Agreement”) with Gravaton Investments Proprietary Limited (“Gravaton”) and Atom Operations Proprietary Limited (“Atom”). Pursuant to the Atom Purchase Agreement and subject to its terms and conditions, Prism agreed to acquire, and Gravaton agreed to sell, all of the outstanding equity interests in Atom for a total purchase consideration of $ 0.7 million which comprised of $ 0.4 million (ZAR 6.0 million, translated at December 1, 2025 exchange rates) in cash and 76,716 shares of the Company’s shares of common stock (which had an aggregate value of $ 0.3 million ( 76,716 multiplied by $ 3.95 ) on closing). The transaction closed on December 1, 2025. The Company did not incur any significant transaction costs related to this acquisition. 2025 Acquisitions On November 19, 2024, the Company, through Lesaka SA, entered into a Sale of Shares Agreement (the “Recharger Purchase Agreement”) with Imtiaz Dhooma (Recharger’s former chief executive officer) and Ninety Nine Proprietary Limited (“the Seller”). Pursuant to the Recharger Purchase Agreement and subject to its terms and conditions, Lesaka SA agreed to acquire, and the Seller agreed to sell, all of the outstanding equity interests in Recharger. The transaction closed on March 3, 2025. 2. Acquisitions and Dispositions (continued) The Company completed the purchase price allocation related to the Recharger acquisition during the three months ended September 30, 2025. There were no changes to the Recharger preliminary purchase price allocation as of June 30, 2025. The final purchase price allocation related to the Recharger acquisition, translated at the foreign exchange rates applicable on the date of acquisition, is provided in the table below: Final purchase price allocation Recharger Cash and cash equivalents $ 1,720 Accounts receivable 17 Inventory 194 Property, plant and equipment 39 Operating lease right of use asset 401 Goodwill 3,614 Intangible assets 16,171 Deferred income taxes assets 81 Accounts payable (149) Other payables (1,439) Operating lease liability - current (185) Income taxes payable (4) Deferred income taxes liabilities (4,366) Operating lease liability - long-term (269) Fair value of assets and liabilities on acquisition $ 15,825 Transaction costs and certain compensation costs The Company did not incur any transaction costs related to the Bank Zero acquisition during the three and six months ended December 31, 2024. The table below presents transaction costs incurred related to the acquisitions of Adumo and Recharger, and the proposed acquisition of Bank Zero during the three and six months ended December 31, 2025 and 2024: Three months ended December 31, Six months ended December 31, 2025 2024 2025 2024 Bank Zero transaction costs $ 44 $ - $ 126 $ - Adumo transaction costs 3 - 3 1,702 Recharger transaction costs (1) - 222 12 250 Total $ 47 $ 222 $ 141 $ 1,952 (1) Recharger transactions costs for the three and six months ended December 31, 2024, of $ 0.22 million and $ 0.25 million, respectively, have been allocated from Selling, general and administration to Transaction costs related to Adumo, Recharger and Bank Zero acquisitions in the unaudited condensed consolidated statement operations for the three and six months ended December 31, 2025. Pro forma results related to acquisitions Pro forma results of operations have not been presented for the acquisition of Atom because the effect of this acquisition was not material to the Company. Since the closing of these acquisitions, Atom has contributed revenue and net income of $ 0.05 million and $ (0.01) million, respectively, for the six months ended December 31, 2025. 2. Acquisitions and Dispositions (continued) Dispositions 2026 Dispositions December 2025 disposal of Humble On December 1, 2025, Adumo (RF) Proprietary Limited, a wholly -owned subsidiary of the Company, disposed of its entire investment in Humble Software Proprietary Limited (“Humble”) and received 306,767 shares of the Company’s common stock as consideration. The fair value of these 306,767 shares of the Company’s common stock on December 1, 2025, was $ 1.2 million. These shares have been included in the Company’s treasury shares. The table below presents the impact of the deconsolidation of Humble and the calculation of the net loss recognized on deconsolidation: Deconsolidation of Humble Humble Fair value of consideration received $ 1,211 Add carrying value of noncontrolling interest on deconsolidation 47 Less: carrying value of Humble, comprising 1,988 Cash and cash equivalents 162 Accounts receivable, net 26 Inventory 10 Property, plant and equipment, net 1 Goodwill 1,515 Intangible assets, net 63 Deferred income taxes assets 300 Accounts payable (4) Other payables (58) Income taxes payable (1) Released from accumulated other comprehensive income – foreign currency translation reserve (26) Loss recognized on disposal, before transaction costs (730) Loss recognized on disposal, before tax (730) Taxes related to gain recognized on disposal - Tax benefit related to loss recognized on disposal (1) - Release of valuation allowance (1) - Loss recognized on disposal, after tax $ (730) (1)The Company incurred a capital loss of $ 0.04 million. The Company recorded a valuation allowance of $ 0.04 million related to the capital loss generated.

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