v3.25.4
Operating Segments (Tables)
6 Months Ended
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.