LESAKA TECHNOLOGIES INC 10-Q

Item 1. Legal Proceedings Litigation related to CPS Lesaka SA was a party to proceedings in the Constitutional Court of South Africa involving its subsidiary, Cash Paymaster Services Proprietary Limited (“CPS”), which is in liquidation. The objective of these proceedings was to procure an order for CPS to pay to the South African Social Security Agency (“SASSA”) the profit generated by CPS from an agreement concluded between SASSA and CPS, following the award of a tender to CPS. This arose from prior court proceedings which concluded that the tender should not have been awarded to CPS (for technical reasons not related to any conduct by CPS). Lesaka SA was included in these proceedings to provide information relevant to determining the profit so made by CPS. The Constitutional Court delivered its ruling on April 8, 2026. The Court ordered CPS to refund certain adjusted certified profits to SASSA. The Court did not make any adverse order against Lesaka SA. General We are, from time to time, subject to claims and suits, or threats of claims or suits, relating to our business, including claims for damages for personal injuries, breach of contract and employment related claims. In certain of these actions, plaintiffs request payment for damages, including punitive damages, which may not be covered by insurance or may otherwise have a material adverse effect on our business or results of operations. In the opinion of management, we are not currently a party to any proceedings that would have a material adverse effect on our business, financial condition, or results of operations.