v3.26.1
Goodwill And Intangible Assets, Net (Tables)
 12 Months Ended
Jun. 30, 2026
Goodwill And Intangible Assets, Net [Abstract]  
Summary Of Movement In Carrying Value Of Goodwill
Gross value
Accumulated
impairment
Carrying value
Balance as of July 1, 2023
$
152,619
$
(18,876)
$
133,743
Foreign currency adjustment
(1)
5,280
(472)
4,808
Balance as of June 30, 2024
157,899
(19,348)
138,551
Impairment loss
-
(17,041)
(17,041)
Acquisitions (Note 3)
(2)
76,114
-
76,114
Foreign currency adjustment
(1)
2,096
(325)
1,771
Balance as of June 30, 2025
236,109
(36,714)
199,395
Impairment loss
-
(388)
(388)
Acquisition (Note 3)
(3)
1,586
-
1,586
Deconsolidation of Humble (Note 3)
(1,515)
-
(1,515)
Foreign currency adjustment
(1)
18,770
(2,550)
16,220
Balance as of June 30, 2026
$
254,950
$
(39,652)
$
215,298
(1) – The foreign currency adjustment represents the effects of the fluctuations between the South African Rand against the U.S.
dollar on the carrying value.
(2) – Represents goodwill
arising from the acquisition
of Adumo, Utilities, Lesaka
Nam and Lesaka Fuel
Software and translated
at the foreign
exchange rates applicable
on the date
the transactions became
effective. This goodwill
has been allocated
to the Merchant
(a
portion
Adumo,
Lesaka
Nam
and
Lesaka
Fuel
Software),
Consumer
(a
portion
of
Adumo)
and
Enterprise
(Utilities)
reportable
operating segments.
(3) – Represents goodwill arising from the acquisition
of MobileMart and translated at the foreign exchange rates applicable
on
the date the transactions became effective. This goodwill has been
allocated to the Enterprise reportable operating segment.
Schedule Of Impairment Per Reporting Unit
Segments and reporting units
with impairments
Impairment
Remaining
goodwill
Range of
revenue
growth rates
(%)
Terminal
revenue
growth rates
(%)
WACC
(%)
Forecast
period
(years)
Merchant
$
9,268
$
22,283
Lesaka Cash Management
5,688
22,283
Used at June 30, 2025
3.2
-
23
6.0
15.6
5
Used at June 30, 2024
10
-
13.9
5.0
14.7
5
Lesaka MT
3,580
-
Used at June 30, 2025
(
10
) -
37
(10.0)
18.5
5
Used at acquisition
6.7
-
14.9
N/A
18.9
Consumer
2,197
6,027
Lesaka Payouts
2,197
6,027
Used at June 30, 2025
7.5
-
40.2
6.0
18.2
5
Used at acquisition
11.8
-
26.6
N/A
18.9
4
Enterprise
5,576
3,533
Lesaka ADP
5,576
3,533
Used at June 30, 2025
6
-
65.6
6.0
22.5
10
Used at June 30, 2024
(
21.7
) -
6.9
6.0
14.7
5
Total
$
17,041
$
31,843
Goodwill Allocated To Reportable Segments
Merchant
Consumer
Enterprise
Carrying value
Balance as of July 1, 2023
$
119,117
$
-
$
14,626
$
133,743
Foreign currency adjustment
(1)
4,279
-
529
4,808
Balance as of June 30, 2024
123,396
-
15,155
138,551
Impairment loss
(9,268)
(2,197)
(5,576)
(17,041)
Acquisitions (Note 3)
63,808
8,423
3,883
76,114
Foreign currency adjustment
(1)
1,698
(199)
272
1,771
Balance as of June 30, 2025
179,634
6,027
13,734
199,395
Impairment loss
(388)
-
-
(388)
Acquisitions (Note 3)
-
-
1,586
1,586
Deconsolidation of Humble (Note 3)
(1,515)
-
-
(1,515)
Foreign currency adjustment
(1)
14,635
495
1,090
16,220
Balance as of June 30, 2026
$
192,366
$
6,522
$
16,410
$
215,298
(1) – The foreign currency adjustment
represents the effects of the fluctuations between
the South African Rand, against the
U.S.
dollar on the carrying value.
Components Of Impairment Loss
2026
2025
Goodwill impairment loss
$
388
$
17,041
Impairment of right-of-use assets (Note 8)
2,623
-
Impairment of property,
plant and equipment
(1)
989
-
Impairment of intangible assets
35
1,822
Total
$
4,035
$
18,863
(1) During the
nine months ended
March 31, 2026,
the Company commenced
the process to
wind down its
ATM
business and
recognized an impairment
related to ATMs
recorded in property,
plant and equipment to
reduce the carrying amounts
of these assets
to their
estimated recoverable
values. The
recoverable values
were determined
based on
estimated proceeds
expected to
be realized
primarily
through
the
piecemeal
disposal
of
the
assets.
The
Company’s
management
estimated
the
recoverable
values
based
on
observable market
pricing for
similar assets,
adjusted for
the condition,
age and
expected timing
of sale.
These estimates
represent
management’s best estimate of fair
value less costs
to sell. The
fair value measurements associated
with the impairment were
classified
within
Level
3
of
the
fair
value
hierarchy,
as
the
valuation
incorporates
significant
unobservable
inputs,
including
assumptions
regarding
expected
selling
prices and
market
demand
for
used ATM
equipment.
Actual proceeds
may
differ
from
these estimates
a
rising from changes in market conditions or the timing and manner of
disposal.
Schedule Of Acquired Intangible Assets
Fair value as of
acquisition date
Weighted-average
amortization
period (in years)
Finite-lived intangible asset:
Acquired during the year ended June 30, 2025:
Adumo – technology assets
$
13,998
3
-
7
Adumo – customer relationships
11,185
5
-
10
Adumo – brands
3,623
10
-
15
Utilities – technology assets
1,161
4
Utilities – customer relationships
15,010
5
Lesaka Digital Risk – technology assets
$
69
0.1
Carrying Value And Accumulated Amortization Of Intangible Assets
As of June 30, 2026
As of June 30, 2025
Gross
carrying
value
Accumulated
amortization
and
impairment
Net
carrying
value
Gross
carrying
value
Accumulated
amortization
Net
carrying
value
Finite-lived intangible assets:
Software, integrated
platform and unpatented
technology
(1)
$
153,867
$
(62,220)
$
91,647
$
137,099
$
(41,925)
$
95,174
Customer relationships
(1)
57,862
(26,084)
31,778
53,369
(18,568)
34,801
FTS patent
2,335
(2,335)
-
2,158
(2,158)
-
Brands and trademarks
(1)(2)
19,732
(19,732)
-
18,233
(8,993)
9,240
Total finite-lived
intangible assets
$
233,796
$
(110,371)
$
123,425
$
210,859
$
(71,644)
$
139,215
(1) June
30, 2025,
balances include
the intangible
assets acquired
as part
of the
Adumo acquisition
in October
2024, and
the
Utilities and Lesaka Digital Risk acquisitions in March 2025.
(2)
During
early
calendar
2025,
the
Company’s
executive
considered
the
unification
of
the
Company’s
merchant
segments
operations
and
the
realignment
of
the
Company’s
brands
under
the
master
brand
“Lesaka”.
The
Company’s
Board
of
Directors
approved the realignment of certain of the Company’s brands to the master brand in May 2025. The Company identified the steps and
timing to realign
the affected brands
under the master brand
and expects to
have complete alignment by
February 2027, with certain
brands aligned in December 2025. The change in brands has resulted in
a change in the useful lives of certain of the
Company’s brand
and
trademark
intangible
assets
which
has
resulted
in
an
increase
(excluding
the
impact
on
“Adumo”
and
“GAAP”
brands)
in
amortization expense
of $
6.3
million and
$
2.6
million during
the years ended
June 30, 2026
and 2025, respectively,
compared with
the comparative
periods assuming
the original
useful lives.
The change
in the
useful lives
resulted in
a $
4.6
million decrease
in the
Company’s net income from continuing operations for the year ended
June 30, 2026, and did
not have a significant impact
on earnings
per share. The change in the
useful lives resulted in a $
1.9
million increase in the Company’s
net loss from continuing operations for
the year ended June 30, 2025, and did not have a significant
impact on loss per share. The change did not impact
the year ended June
30, 2024.
Future Estimated Annual Amortization Expense
Fiscal 2027
$
23,794
Fiscal 2028
23,110
Fiscal 2029
22,383
Fiscal 2030
20,447
Fiscal 2031
16,963
Thereafter
16,728
Total future
estimated annual amortization expense
$
123,425