v3.26.1
Operating Segments (Tables)
12 Months Ended
Jun. 30, 2026
Operating Segments [Abstract]  
Summary Of Segment Information
Year
ended June 30,2026
Merchant
Consumer
Enterprise
Unallocated
Total
Revenue from external customers
$
506,193
$
142,443
$
72,918
$
-
$
721,554
Intersegment revenues
3,142
188
1,812
-
5,142
Segment revenue
(z)
509,335
142,631
74,730
-
726,696
Less segment-related expenses:
Cost of goods sold, IT processing, servicing and
support
(y)
395,124
47,606
53,246
-
495,976
Selling, general and administration
(1)(2)
78,678
48,832
13,365
-
140,875
Segment adjusted EBITDA
$
35,533
$
46,193
$
8,119
$
-
$
89,845
(z) includes interest revenue of:
9,750
27,419
-
-
37,169
(y) includes interest expense of:
1,945
5,257
-
-
7,202
Merchant
Consumer
Enterprise
Group costs
Total
Depreciation and amortization
$
14,734
$
1,742
$
430
$
30,440
$
47,346
Expenditures for long-lived assets
$
19,581
$
2,890
$
2,578
$
-
$
25,049
Year
ended June 30,2025
Merchant
Consumer
Enterprise
Unallocated
Total
Revenue from external customers
$
524,252
$
96,008
$
39,441
$
-
$
659,701
Intersegment revenues
2,348
-
3,113
-
5,461
Segment revenue
(z)
526,600
96,008
42,554
-
665,162
Less segment-related expenses:
Cost of goods sold, IT processing, servicing and
support
(y)(A)
426,427
35,603
32,549
-
494,579
Selling, general and administration
(A)(1)(3)
64,844
36,456
8,718
-
110,018
Segment adjusted EBITDA
(A)
$
35,329
$
23,949
$
1,287
$
-
$
60,565
(z) includes interest revenue of:
7,231
5,038
-
-
12,269
(y) includes interest expense of:
1,671
3,394
-
-
5,065
Merchant
Consumer
Enterprise
Group costs
Total
Depreciation and amortization
$
10,997
$
968
$
371
$
21,385
$
33,721
Expenditures for long-lived assets
$
18,117
$
1,500
$
1,482
$
-
$
21,099
Year
ended June 30,2024
Merchant
Consumer
Enterprise
Unallocated
Total
Revenue from external customers
$
456,069
$
69,211
$
38,942
$
-
$
564,222
Intersegment revenues
3,721
-
7,955
-
11,676
Segment revenue
(z)
459,790
69,211
46,897
-
575,898
Less segment-related expenses:
Cost of goods sold, IT processing, servicing and
support
(y)(A)
394,238
23,165
37,424
-
454,827
Selling, general and administration
(A)(1)(4)
37,218
33,367
6,542
-
77,127
Segment adjusted EBITDA
(A)
$
28,334
$
12,679
$
2,931
$
-
$
43,944
(z) includes interest revenue of:
6,096
-
-
-
6,096
(y) includes interest expense of:
1,448
-
-
-
1,448
Merchant
Consumer
Enterprise
Group costs
Total
Depreciation and amortization
$
8,141
$
734
$
402
$
14,388
$
23,665
Expenditures for long-lived assets
$
11,202
$
1,317
$
146
$
-
$
12,665
(A) Cost of goods sold,
IT processing, servicing and
support and Selling, general
and administration for Merchant
and Total for
the year
ended June
30, 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 year
ended June 30, 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.
Cost of goods
sold, IT processing,
servicing and support
and Selling, general
and administration for
Merchant and Total
for the
year ended June 30, 2025 have each increased by $
0.6
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 year ended June 30,
2025 have each decreased
by $
0.9
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
year ended June 30, 2024 have each increased by $
0.6
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 year ended June 30,
2024 have each decreased
by $
0.8
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
year ended June
30, 2026, includes
retrenchment and reorganization
costs for Merchant
of $
0.8
million (ZAR
14.0
million), Consumer of $
0.4
million (ZAR
7.1
million) and Enterprise of $
0.1
million (ZAR
1.1
million).
(3) Segment
Adjusted EBITDA for
the year ended
June 30, 2025,
includes retrenchment and
reorganization costs
for Merchant
of $
0.8
million (ZAR
15.7
million), Consumer of $
0.1
million (ZAR
1.5
million) and Enterprise of $
0.8
million (ZAR
13.6
million).
(4) Segment Adjusted EBITDA for the year
ended June 30, 2024, includes retrenchment costs
for Merchant of $
0.3
million (ZAR
4.9
million) and Consumer of $
0.2
million (ZAR
3.5
million).
Reconciliation Of Reportable Segments Measure Of Profit Or Loss To Income
2026
2025
2024
Reportable segments measure of profit or loss
(A)
$
89,845
$
60,565
$
43,944
Operating loss: Group costs
(14,103)
(10,743)
(7,844)
Once-off costs
(5,452)
(17,826)
(1,853)
Interest adjustment
-
2,195
-
Unrealized gain (loss)
for currency adjustments
53
(23)
83
Stock-based compensation charge adjustments
(6,969)
(9,550)
(7,911)
Depreciation and amortization
(47,346)
(33,721)
(23,665)
Loss on disposal of equity-accounted investment (Note 9)
(584)
(161)
-
Impairment loss
(1)
(3,347)
(18,863)
-
Change in fair value of equity securities (Note 3)
2,593
(59,828)
-
Gain on disposal of equity securities
(730)
-
-
Other income
3,883
-
-
Reversal of doubtful loan receivable
1,500
-
250
Interest income
2,889
2,596
2,294
Interest expense
(A)
(18,506)
(21,824)
(19,171)
Income (Loss) before income taxes
(A)
$
3,726
$
(107,183)
$
(13,873)
(A) Reportable segments’ measure of profit or loss and net loss
before taxes for the year ended June 30, 2026, have decreased by
$
0.2
million and $
0.4
million, respectively, as a result of the correction, as discussed in Note 1, to the amount included in the captions
Reportable
segments’
measure of
profit
or loss
and
net loss
before
taxes for
the three
months ended
September 30,
2025.
Interest
expense for
the year ended
June 30,
2026, has increased
by $
0.1
million, as a
result of the
correction, as
discussed in Note
1, to the
amount included in the caption Interest expense for the three months ended
September 30, 2025.
Reportable segments’
measure of
profit or
loss and
net loss
before taxes
for the
year ended
June 30,
2025, have
decreased by
$
0.9
million, and $
1.2
million, respectively,
as a result of
the correction
discussed in Note
1. Interest expense
for the June
30, 2025,
has increased by $
0.4
million as a result of the correction discussed in Note 1.
Reportable segments’
measure of
profit or
loss and
net loss
before taxes
for the
year ended
June 30,
2024, have
decreased by
$
0.8
million, and $
1.1
million, respectively,
as a result of
the correction
discussed in Note
1. Interest expense
for the June
30, 2024,
has increased by $
0.2
million as a result of the correction discussed in Note 1.
(1) Impairment loss excludes an amount of $
0.7
million which is included in the caption Once-off costs related to the exit of the
ATM
business.
Long-Lived Assets Based On Geographical Location
Long-lived assets
2026
2025
2024
South Africa
$
403,085
$
392,098
$
286,700
India - Investment in MobiKwik (Note 9)
-
-
76,297
Rest of world
8,609
3,055
2,548
Total
$
411,694
$
395,153
$
365,545