Lesaka Technologies Inc. announced a regulatory issue involving the restatement of its financial statements for the quarters ending September 30, 2024, December 31, 2024, and March 31, 2025. Following a review by the company's Audit Committee, in consultation with management and KPMG Inc., it was concluded that the company's unaudited financial statements for these periods should not be relied upon due to a reevaluation of revenue classification. The company had incorrectly reported certain transactions as an agent rather than as a principal, affecting revenue and related costs. While the restatement will increase reported revenue, it will be offset by increased costs, with no impact on operating income, net loss, or cash flows. Lesaka Technologies is also assessing the impact on its internal controls and plans to amend its Form 10-Qs accordingly.