v3.25.4
Leases
 6 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases
17.
Leases
The
Company
has
entered
into leasing
arrangements
classified
as operating
leases under
accounting
guidance.
These leasing
arrangements
relate
to
the
lease
of
its
corporate
head
office
and
sales
and
administration
offices
of
its
Merchant,
Consumer
and
Enterprise businesses. The Company’s operating leases have remaining lease terms of between
one
and
five years
. The Company also
operates parts
of its
consumer business
from locations
which it
leases for
a period
of less
than
one year
. The
Company’s
operating
lease
expense
during
the
three
months
ended
December
31,
2025
and
2024
was
$
1.5
million
and
$
1.2
million,
respectively.
The
Company’s
operating lease
expense during
the six
months ended
December 31,
2025 and
2024 was
$
2.8
million and
$
2.2
million,
respectively.
The
Company
has
also
entered
into
short-term
leasing
arrangements,
primarily
for
the
lease
of
branch
locations
and
other
locations,
to operate its consumer
business in South Africa.
The Company’s
short-term lease expense during
the three months ended
December 31,
2025 and 2024,
was $
0.4
million and
$
1.2
million, respectively.
The Company’s
short-term lease
expense during
the
six months ended December 31, 2025 and 2024, was $
0.9
million and $
2.3
million, respectively.
In December
2025, the
Company,
through Lesaka
SA, entered
into a
leasing arrangement
for
a new
corporate head
office
in
Rosebank, Gauteng,
South Africa
with Oxford
Parks Proprietary
Limited, a
limited liability
private company
incorporated in
South
Africa. The lease
commences on July 1,
2026 and is
for a period
of
10 years
with
two
renewal options of
five years
each. The Company
has secured
beneficial occupation
from April
1, 2026,
and is required
to deliver
a bank
guarantee or
cash of
$
0.4
million (ZAR
7.0
million, translated at exchange rates applicable as of December 31, 2025). The Company expects
to pay an annual basic lease expense
of $
1.5
million (ZAR
25.1
million, translated at
exchange rates applicable
as of December
31, 2025), which
increases by
6.25
% per
annum.
The following table presents supplemental balance
sheet disclosure related to the
Company’s right-of-use assets and its operating
lease liabilities as of December 31, 2025 and June 30, 2025:
December 31,
June 30,
2025
2025
Right of use assets obtained in exchange for lease obligations:
Weighted average
remaining lease term (years)
3.0
2.8
Weighted average
discount rate (percent)
8.5
9.8
The maturities of the Company’s
operating lease liabilities as of December 31, 2025, are presented below:
Maturities of operating lease liabilities
Year
ended June 30,
2026 (excluding six months to December 31, 2025)
$
3,214
2027
5,011
2028
3,262
2029
1,899
2030
1,207
Thereafter
188
Total undiscounted
operating lease liabilities
14,781
Less imputed interest
1,961
Total operating lease liabilities,
included in
12,820
Operating lease liability - current
5,015
Operating lease liability - long-term
$
7,805