v3.26.1
Earnings (Loss) Per Share
 12 Months Ended
Jun. 30, 2026
Earnings (Loss) Per Share [Abstract]  
Earnings (Loss) Per Share
19.
EARNINGS (LOSS) PER SHARE
The Company has
issued redeemable common
stock (refer to Note
14) which is redeemable
at an amount other
than fair value.
Redemption of a class of common stock
at other than fair value
increases or decreases the carrying amount
of the redeemable common
stock
and
is
reflected
in
basic
earnings
per
share
using
the
two-class
method.
There
were
no
redemptions
of
common
stock,
or
adjustments to the
carrying value of the
redeemable common stock during
the years ended
June 30, 2026,
2025 and 2024. Accordingly,
the two-class method presented below does not include the impact of
any redemption.
Basic earnings (loss) per share
includes shares of restricted stock that
meet the definition of a
participating security because these
shares are eligible
to receive non
-forfeitable dividend
equivalents at the
same rate as
common stock.
Basic earnings (loss)
per share
has been calculated using the two-class method and basic earnings (loss) per share for the years ended June 30, 2026,
2025 and 2024,
reflects only
undistributed
earnings. The
computation below
of basic
earnings (loss)
per share
excludes the
net loss
attributable
to
shares of unvested restricted
stock (participating non-vested
restricted stock) from
the numerator and excludes
the dilutive impact of
these unvested shares of restricted stock from the denominator.
Diluted earnings
(loss) per
share have
been calculated
to give
effect to
the number
of shares
of additional
common stock
that
would have
been outstanding
if the
potential dilutive
instruments had
been issued
in each
period. Stock
options are
included in
the
calculation of diluted earnings (loss) per share utilizing the treasury stock
method and are not considered to be participating securities,
as the
stock options
do not
contain non-forfeitable
dividend rights.
The calculation
of diluted
earnings (loss)
per share
includes the
dilutive effect
of a portion of
the restricted stock
granted to employees
during the current
and previous fiscal
periods as these
shares
of restricted
stock are
considered contingently
returnable shares
for the
purposes of
the diluted
earnings (loss)
per share
calculation
and the
vesting conditions
in respect
of a
portion of
the restricted
stock had
been satisfied.
The vesting
conditions are
discussed in
Note
17.
The
Company
has
excluded
employee
stock
options
to
purchase
188,632
and
46,777
shares
of
common
stock
from
the
calculation
of
diluted
loss
per
share
during
the
years
ended
June
30,
2025
and
2024,
respectively,
because
the
effect
would
be
antidilutive.
19.
EARNINGS (LOSS) PER SHARE (continued)
The following
table presents net
loss attributable
to Lesaka
and the share
data used in
the basic and
diluted earnings
(loss) per
share computations using the two-class method for the years ended
June 30, 2026, 2025 and 2024:
2026
2025
2024
(in thousands except percent and per share data)
Numerator:
Net income (loss) attributable to Lesaka
(A)
$
2,758
$
(90,957)
$
(18,515)
Undistributed income (loss)
(A)
2,758
(90,957)
(18,515)
Percent allocated to common shareholders
(Calculation 1)
97%
97%
95%
Numerator for earnings (loss) per share: basic and diluted
$
2,672
$
(87,894)
$
(17,678)
Denominator
Denominator for basic earnings (loss) per share:
weighted-average common shares outstanding
79,516
73,891
61,276
Effect of dilutive securities:
Stock options
161
-
-
Denominator for diluted earnings (loss) per share: adjusted weighted
average common shares outstanding and assumed conversion
79,677
73,891
61,276
Earnings (Loss) per share:
Basic
(A)
$
0.03
$
(1.19)
$
(0.29)
Diluted
(A)
$
0.03
$
(1.19)
$
(0.29)
(Calculation 1)
Basic weighted-average common shares outstanding (A)
79,516
73,891
61,276
Basic weighted-average common shares outstanding and unvested
restricted shares expected to vest (B)
82,088
76,466
64,179
Percent allocated to common shareholders
(A) / (B)
97%
97%
95%
(A) Net income
(loss) attributable to
Lesaka and Undistributed
earnings (loss) for
the year ended
June 30, 2026,
has decreased
by
$
0.4
million,
as
a
result
of
the
correction,
as
discussed
in
Note
1,
to
the
amount
included
in
the
captions
Net
income
(loss)
attributable to Lesaka and Undistributed earnings (loss)
for the three months ended
September 30, 2025. Net income
(loss) attributable
to Lesaka and Undistributed earnings (loss) for years ended June 30, 2025 and 2024, have
decreased by $
3.4
million and $
1.1
million,
respectively, as a result of
the correction discussed in Note 1.
The correction
of the
error did
not impact
Basic and
Diluted
earnings per
share for
the year
ended June
30, 2026.
Basic and
Diluted loss per
share for the
years ended June
30, 2025 and
2024, decreased by
$
0.05
(five U.S. cents)
and $
0.02
(two U.S. cents),
respectively.
Options to purchase
6,412,973
,
6,493,683
and
4,737,543
shares of the
Company’s common
stock at prices
ranging from $
5.22
to $
14.00
(2026) and
$
4.87
to $
14.00
(2025 and
2024) per
share were
outstanding during
the year
ended June
30, 2026,
2025 and
2024, respectively,
but were not included
in the computation of
diluted earnings (loss) per
share because the options’
exercise prices
were greater
than the
average market
price
of the
Company’s
common
shares. The
options, which
expire at
various dates
through
February 3, 2032, were still outstanding as of June 30, 2026.