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Lesaka Technologies Reaffirms FY24 Revenue Of ZAR 10.7 Billion - ZAR 11.7 Billion

Benzinga ·  May 9 07:08

Outlook for the Fourth Quarter 2024 ("Q4 2024") and Full Fiscal Year 2024 ("FY 2024")

Lease expenses which were previously excluded from the calculation of Group Adjusted EBITDA have now been included in the calculation. This change is in response to comments received from the staff of the SEC in March 2024 regarding our non-GAAP financial reporting. Comparative information has been adjusted to conform with the updated presentation.

While we report our financial results in USD, we measure our operating performance in ZAR, and as such we provide our guidance accordingly.

We re-affirm our revenue outlook for FY 2024. We expect:

  • Revenue between ZAR 10.7 billion and ZAR 11.7 billion.

We raise* our Group Adjusted EBITDA outlook for FY 2024. We expect:

  • Group Adjusted EBITDA between ZAR 685 million and ZAR 705 million.

Our outlook provided does not include the impact of the acquisition of Touchsides or any mergers and acquisitions that we conclude.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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