v3.26.1
Operating Segments (Tables)
9 Months Ended
Mar. 31, 2026
Operating Segments [Abstract]  
Reconciliation Of Reportable Segments Revenue
Three months ended March 31, 2026
Merchant
Consumer
Enterprise
Total
Revenue from external customers
$
126,272
$
38,323
$
18,456
$
183,051
Intersegment revenues
806
-
522
1,328
Segment revenue
(z)
127,078
38,323
18,978
184,379
Less segment-related expenses:
Cost of goods sold, IT processing,
servicing and support
(y)
99,480
12,629
13,143
125,252
Selling, general and
administration
(1)(2)
18,370
12,679
3,710
34,759
Segment adjusted EBITDA
$
9,228
$
13,015
$
2,125
$
24,368
Operating segments
Merchant
Consumer
Enterprise
Group costs
Total
Depreciation and amortization
$
3,613
$
774
$
113
$
6,043
$
10,543
Expenditures for long-lived assets
$
3,764
$
120
$
719
$
-
$
4,603
Three months ended March 31, 2025
Merchant
Consumer
Enterprise
Total
Revenue from external customers
$
128,217
$
24,096
$
9,137
$
161,450
Intersegment revenues
564
-
307
871
Segment revenue
(z)
128,781
24,096
9,444
162,321
Less segment-related expenses:
Cost of goods sold, IT processing,
servicing and support
(y)(A)
104,869
8,373
9,702
122,944
Selling, general and
administration
(A)(1)(3)
16,012
9,390
(391)
25,011
Segment adjusted EBITDA
(A)
$
7,900
$
6,333
$
133
$
14,366
(z) includes interest revenue of:
$
1,793
$
1,400
$
-
$
3,193
(y) includes interest expense of:
$
419
$
890
$
-
$
1,309
Operating segments
Merchant
Consumer
Enterprise
Group costs
Total
Depreciation and amortization
$
3,111
$
255
$
89
$
4,974
$
8,429
Expenditures for long-lived assets
$
3,862
$
191
$
437
$
-
$
4,490
(A) Cost of goods
sold, IT processing, servicing
and support and Selling,
general and administration for
Merchant and Total
for
the three months
ended March 31,
2025 have each
increased by
$
0.2
million and $
0.05
million, respectively, as a
result of the
correction
discussed
in
Note
1.
Segment
Adjusted
EBITDA
for
Merchant
and
Total
for
the
three
months
ended
March
31,
2025
have
each
decreased by $
0.2
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
March 31,
2026, includes retrenchment
costs for Merchant
of $
0.3
million (ZAR
5.0
million), Consumer of $
0.02
million (ZAR
0.3
million) and Enterprise of $
0.1
million (ZAR
1.1
million).
(3) Segment Adjusted
EBITDA for the
three months ended
March 31, 2025,
includes retrenchment and
reorganization costs for
M
erchant of $
0.7
million (ZAR
12.9
million) and Enterprise of $
0.3
million (ZAR
5.4
million).
Nine months ended March 31, 2026
Merchant
Consumer
Enterprise
Total
Revenue from external customers
$
383,727
$
102,017
$
47,489
$
533,233
Intersegment revenues
2,220
-
1,138
3,358
Segment revenue
(z)
385,947
102,017
48,627
536,591
Less segment-related expenses:
Cost of goods sold, IT processing,
servicing and support
(y)(A)
300,541
33,599
34,456
368,596
Selling, general and
administration
(A)(1)(2)
57,294
37,600
9,354
104,248
Segment adjusted EBITDA
(A)
$
28,112
$
30,818
$
4,817
$
63,747
(z) includes interest revenue of:
$
4,584
$
12,405
$
-
$
16,989
(y) includes interest expense of:
$
972
$
2,367
$
-
$
3,339
Operating segments
Merchant
Consumer
Enterprise
Group costs
Total
Depreciation and amortization
$
10,666
$
1,394
$
287
$
24,658
$
37,005
Expenditures for long-lived assets
$
12,237
$
488
$
1,927
$
-
$
14,652
Nine months ended March 31, 2025
Merchant
Consumer
Enterprise
Total
Revenue from external customers
$
395,896
$
68,097
$
27,241
$
491,234
Intersegment revenues
1,746
-
3,018
4,764
Segment revenue
(z)
397,642
68,097
30,259
495,998
Less segment-related expenses:
Cost of goods sold, IT processing,
servicing and support
(y)(A)
324,109
25,910
24,050
374,069
Selling, general and
administration
(A)(1)(3)
48,214
27,116
5,745
81,075
Segment adjusted EBITDA
(A)
$
25,319
$
15,071
$
464
$
40,854
(z) includes interest revenue of:
$
5,079
$
1,520
$
-
$
6,599
(y) includes interest expense of:
$
1,185
$
2,478
$
-
$
3,663
Operating segments
Merchant
Consumer
Enterprise
Group costs
Total
Depreciation and amortization
$
8,365
$
692
$
283
$
13,588
$
22,928
Expenditures for long-lived assets
$
13,647
$
897
$
830
$
-
$
15,374
(A) Cost of goods sold, IT processing, servicing and support and
Selling, general and administration for Merchant and Total
for
the nine months ended March 31, 2025 have each increased
by $
0.5
million and $
0.2
million, respectively, as a result of the correction
discussed
in
Note
1.
Segment
Adjusted
EBITDA
for
Merchant
and
Total
for
the
nine
months
ended
March
31,
2025
have
each
decreased by $
0.7
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
nine months ended March 31, 2026
have each increased by $
0.2
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 nine months ended March 31, 2026 have each decreased by $
0.2
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
nine months
ended March
31, 2026,
includes retrenchment
costs for
Merchant of
$
0.7
million (ZAR
12.4
million), Consumer of $
0.2
million (ZAR
2.9
million), and Enterprise of $
0.03
million (ZAR
0.3
million).
(3) Segment
Adjusted EBITDA
for the nine
months ended March
31, 2025,
includes retrenchment
and reorganization
costs for
Merchant of
$
0.7
million (ZAR
12.9
million), Consumer of
$
0.1
million (ZAR
1.5
million) and Enterprise
of $
0.3
million (ZAR
5.6
million).
Reconciliation Of Reportable Segments Measure Of Profit Or Loss To Income
Three months ended
Nine months ended
March 31,
March 31,
2026
2025
2026
2025
Reportable segments' measure of profit or loss
(A)
$
24,368
$
14,366
$
63,747
$
40,854
Operating loss: Group costs
(3,756)
(1,772)
(10,263)
(7,541)
Once-off costs
(2,553)
(2,306)
(3,067)
(4,599)
Interest adjustment
-
890
-
2,478
Unrealized (Loss) Gain FV for currency adjustments
(181)
114
16
(102)
Stock-based compensation charge adjustments
(1,334)
(2,497)
(5,140)
(7,518)
Depreciation and amortization
(10,543)
(8,429)
(37,005)
(22,928)
Loss on disposal of equity-accounted investments
-
-
(584)
(161)
Impairment loss
(1)
(1,916)
-
(1,916)
-
Change in fair value of equity securities
(378)
(20,421)
2,593
(54,152)
Other income
-
-
3,883
-
Loss on disposal of equity securities
-
-
(730)
-
Reversal of allowance for doubtful loan receivable
1,500
-
1,500
-
Interest income
1,154
645
2,201
1,952
Interest expense
(A)
(4,477)
(5,869)
(14,081)
(17,251)
Income (Loss) before income tax expense
(A)
$
1,884
$
(25,279)
$
1,154
$
(68,968)
(A) Reportable segments’ measure of profit or loss for the three and nine months ended
March 31, 2025, have decreased by $
0.2
million and $
0.7
million, respectively, as a result of the correction discussed in Note 1. Interest expense
for the three and nine months
ended March 31, 2025, have
increased by $
0.09
million and $
0.3
million, respectively,
as a result of the correction discussed
in Note
1.
Net
loss
before
taxes
for
the
three
and
nine
months
ended
March
31,
2025,
have
decreased
by
$
0.9
million
and
$
0.9
million,
respectively, as a result of
the correction discussed in Note 1.