v3.25.4
Goodwill And Intangible Assets, Net
 6 Months Ended
Dec. 31, 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 six months ended December 31, 2025:
Gross value
Accumulated
impairment
Carrying
value
Balance as of June 30, 2025
$
236,109
$
(36,714)
$
199,395
Deconsolidation of Humble (Note 2)
(1,515)
-
(1,515)
Foreign currency adjustment
(1)
16,194
(2,188)
14,006
Balance as of December 31, 2025
$
250,788
$
(38,902)
$
211,886
(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
Deconsolidation of Humble (Note 2)
(1,515)
-
-
(1,515)
Foreign currency adjustment
(1)
12,609
426
971
14,006
Balance as of December 31, 2025
$
190,728
$
6,453
$
14,705
$
211,886
(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.
Intangible assets, net
Carrying value and amortization of intangible assets
Summarized below is
the carrying value
and accumulated amortization
of intangible assets as
of December 31,
2025, and June
30, 2025:
As of December 31, 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
$
149,178
$
(52,905)
$
96,273
$
137,099
$
(41,925)
$
95,174
Customer relationships
57,248
(22,842)
34,406
53,369
(18,568)
34,801
Brands and trademarks
(1)
19,523
(18,539)
984
18,233
(8,993)
9,240
FTS patent
2,311
(2,311)
-
2,158
(2,158)
-
Total finite-lived
intangible
assets
$
228,260
$
(96,597)
$
131,663
$
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 aligned in 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
$
3.2
million and $
6.3
million during the three
and six months ended
December 31, 2025 compared
with the
three and six months ended December 31, 2024. The
change in the useful lives resulted in a $
2.3
million and $
4.6
million increase in
the Company’s
net loss from continuing operations
for the three and six
months ended December 31, 2025,
respectively, and
did not
h
ave a significant impact on earnings (loss) per share. The change did not impact prior periods.
7.
Goodwill and intangible assets, net (continued)
Intangible assets, net (continued)
Aggregate amortization
expense on the
finite-lived intangible
assets for the
three months
ended December
31, 2025 and
2024,
was $
9.8
million and $
4.9
million, respectively. Aggregate amortization expense on the
finite-lived intangible assets for
the six months
ended December 31, 2025 and 2024,
was $
18.9
million and $
8.8
million, respectively.
Future estimated annual amortization expense
for the next
five fiscal years
and thereafter,
assuming exchange
rates that prevailed
on December
31, 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 six months ended December 31, 2025)
$
12,527
Fiscal 2027
22,780
Fiscal 2028
22,316
Fiscal 2029
21,164
Fiscal 2030
19,697
Thereafter
33,179
Total future
estimated annual amortization expense
$
131,663