What changed in this filing

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Item 1A. Risk Factors

2026-05-06 compared with 2026-02-04 · 132 added, 35 removed, 56 unchanged (75% of the section changed)

5 unchanged sentences

our financial statements.

During the current quarter we identified errors in the

historical VAT

treatment of certain gaming voucher transactions within our

Merchant business.

Although we have completed an

initial review of the matter and

determined to correct the identified errors through

revisions to our previously issued

financial statement, our review

transactions within our Merchant business.

have completed an initial review of the matter and

determined to correct the

identified errors through revisions to

our previously issued financial

statement, our review is

Refer to Note

to our unaudited condensed

financial statements for

additional information.

The error arose from

the incorrect application

1 to our unaudited

condensed consolidated financial

statements for additional

The error arose

from the incorrect application

of indirect tax

rules, the configuration

of underlying systems, and operational practices involving downstream vendors.

are implementing

remedial actions,

enhancing controls,

and conducting

rules, the configuration of underlying systems, and operational practices involving

downstream vendors.

While we have

implemented remedial actions,

including enhancing our

system of internal

control and conducting

further analyses

external advisors,

there is a risk that we have

not yet identified all errors associated with

Additional issues may be discovered as we continue

to evaluate historical periods, refine our technical tax conclusions, or integrate updated processes into our systems.

with our external

advisors, there is

identified all errors

associated with this

Additional issues

similar errors

in accounting

and reporting

multi-party arrangements, voucher products, commissions, or activities involving

non-registered VAT

transactions particularly

arrangements,

non-registered

Identification

statements, update

filings, or make

additional payments of

tax, penalties,

such developments

administrative

financial condition, results of operations, liquidity,

or internal control over financial reporting.

statements, update our tax filings,

make additional payments of tax,

penalties, or interest, or

make further enhancements to our

control processes.

Any such developments could result in increased compliance

costs, additional administrative burdens, diversion of

additional errors could

also adversely affect

our financial condition,

results of operations,

or internal control

over financial

Our failure to prepare

42 unchanged sentences

timely manner.

Geopolitical conflicts,

including the

conflict between

in the Middle

adversely affect

business and results of operations.

Global economic and

geopolitical conditions continue

to influence the

environment in which

our year ended

June 30, 2025,

heightened geopolitical tensions, including

the conflict between

Ukraine and ongoing

conflicts in the

East, have contributed to volatility in global financial markets and increased

macroeconomic uncertainty.

exchange volatility,

inflationary pressures, tighter external funding conditions,

and reduced consumer affordability.

occurred that

require adjustment to,

or separate disclosure

in, the condensed

interim financial information,

existing risk

management framework and mitigating actions, as disclosed in the

annual financial statements, remain appropriate.

developments.

financial position will be disclosed in accordance with applicable regulatory

requirements.

Our use of artificial

intelligence (“AI”) may

present risks that could

adversely affect our

business, results of operations

While our use of AI is not currently material, we may increasingly incorporate AI technologies into

our systems, operations and

product offerings.

The development,

deployment and use of AI present

a number of risks and uncertainties.

AI systems may produce

inaccurate, unreliable

or otherwise flawed

outputs, including

of limitations

design, training

data quality,

other technical constraints.

Any such issues could impair the effectiveness

of our products and services or expose us to liability.

increase cybersecurity,

intellectual property

and operational risks.

misinterpreted.

vulnerabilities

management processes may not be effective in identifying

or mitigating all such risks.

The legal and regulatory landscape relating to AI is rapidly evolving and uncertain.

may be subject to existing and emerging

laws, regulations and regulatory

expectations in the United States

and other jurisdictions (including

South Africa) relating to,

other things, data protection,

consumer protection, intellectual

property and the use

of automated decision-making.

Compliance with

such requirements

may increase our

costs, limit the

use or effectiveness

our business, or

require changes to

our products or

Failure to comply with

applicable requirements, or the perception

that our use of

AI is inappropriate or

controversial, could

result in regulatory scrutiny,

litigation, reputational harm or competitive disadvantage.

technologies continue

anticipate or

effectively manage

all associated

these risks were to materialize, they could have

a material adverse effect on our business,

results of operations and financial condition.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1A. Risk Factors