Lesaka Technologies, Inc.

Welcome to Lysaka Technologies results webcast for the third quarter of fiscal 2026. As a reminder, this webcast is being recorded. Management will address any questions you have at the end of the presentation. To ask a question, live participants are requested to join the chorus call line by registering via the link provided. Alternatively, please enter your questions into the questions tab of this webcast. Our press release and investor presentations are available on our investor relations website at ir.lasakatech.com. During this call, we will be making forward-looking statements, and I ask you to look at the cautionary language contained in our press release, presentation, and Form 10-Q, available on our website. As a domestic filer in the United States, we report results in US dollars under US GAAP. However, it is important to note that our operational currency is South African Rand, and as such, we analyze our performance in South African Rand, which is non-GAAP. This assists investors in understanding the underlying trends in our business. I will now turn the webcast over to Ali.

Good morning and good afternoon.

Thank you for joining us for Lasaka's Q3 results presentation. I'm pleased to report Lusaka has delivered a strong set of results for Q3 FY2026. It's also worth noting that this is substantially on a like-for-like basis. Net revenue is up 16% to R1.58 billion, short of our guidance of R1.65 billion due to slightly softer than expected performance in merchants, as the division focused on the integration of the business units and closures of non-core business lines. We remain confident in the profile and trajectory of the Merchant Division, as Lincoln will talk you through in more detail shortly. From a profitability perspective, Group Adjusted EBITDA came in at R337 million, at the top end of our guidance, and a 45% increase over last year. Adjusted Earnings was up 246%, from R43 million to R148 million, Similarly, adjusted earnings per share increased from 52 SA cents to R1.80 for the quarter. Net debt to group adjusted EBITDA of 2.1 times is a significant improvement over last year and is close to our target of 2 times. Dan will unpack the divisional numbers in more detail shortly. From the last quarter, we have simplified how we present our business. emphasizing its core structural revenue drivers. We present a single total view for active consumers and active merchants, and aggregated ARPU for each. Consumer ARPU is a function of our transactional bank account and the penetration of our lending and insurance products within our account base, while merchant ARPU is a function of our five products, acquiring, alternative digital products, ADP, lending, software, and cash. Over time, we may continue to further refine our definitions of ARPU to better reflect the business strategy. We have 750 enterprise clients, so rather than representing the drivers in enterprise on an ARPU basis, we do so on a take rate and total process volume for ADP and utilities. These six variables across the group together explain more than 90% of our net revenue. We will use this framework as the key drivers of the net revenue of our businesses each quarter to thread the operational performance of each division along with the financial results. In full year results, we will provide more granular information on the underlying drivers of each of our core products by division. For now, I will hand you over to Dan to take you through our financial performance in more detail.