Slide 1: 2025 Summary Results Booklet
2025 SUMMARY RESULTS BOOKLET FOR THE YEAR ENDED 31 DECEMBER 2025
Slide 2: 2025 Financial Highlights
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 02 2025 Financial Highlights Distributed Value Normalised Net Income Users increased increased 44% to increased 57% to 43% to +44% $5.5BN (2024: $3.8 billion) +57% $57.8M
Slide 3: CEO Statement
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 03 CEO Statement A Milestone Year during a period of stabilising economic “2025 marked a milestone conditions across many emerging markets, 2025 was a milestone year in O
Slide 4: Group Profile
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 04 Group Profile completed when the MNO provides airtime or data credit to eligible customers. For micro- The Channel VAS Investments Group (the “Group”) lending services
Slide 5: Group Profile: key metrics and FirstRand partnership
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 05 also strengthens governance, disclosure and digital credit platforms globally. In 2025, the risk-management frameworks, enhances Group generated $265 million in revenu
Slide 6: Key Figures
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 06 Key Figures The table below contains certain Non-IFRS Financial Measures that are presented to provide and disclosures by other companies. The Non-IFRS Financial Measu
Slide 7: Selected consolidated statements of profit or loss and financial position
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 07 Selected consolidated statement of profit Selected consolidated statement or loss and other comprehensive income of financial position For the year ended As at 31 Dece
Slide 8: Performance Overview
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 08 Performance Overview Exceptional Revenue Growth Demonstrating Platform Scalability Reconciliation from headline earnings to normalised EPS Optasia delivered significan
Slide 9: Enhancing Risk Management; Cash Flow and Capital Structure
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 09 Enhancing Risk Management Market conditions across our core framework. The Group also maintained a geographies were broadly supportive in strong revenue-to-ECL cover r
Slide 10: Strategic Outlook
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 10 Strategic Outlook Technological Advancements and Product Innovation Strategic Expansion and Service Penetration Technology will remain a core strategic In parallel, we
Slide 11: Operational Update
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 11 Operational Update 2025 – A Transformational Year for Optasia In 2025, the Group transitioned into a new strategic rebalancing towards higher-growth, phase of its grow
Slide 12: Expanding the User and Transaction Base; Service Portfolio Mix
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 12 Expanding the User and Transaction Base Strategic Shift in Service Portfolio Mix – Demonstrating Continued Ability to In 2025, the Group facilitated $5.5 billion of di
Slide 13: Driving Scalable Growth with Controlled Operating Expenses
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 13 Driving Scalable Growth with Capturing Opportunity To mitigate foreign exchange-related risks, in-country risk. In South Africa, partial the Group employs a combinatio
Slide 14: Financial Overview
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 14 Financial Overview Comparison of the year ended 31 December 2025, with the year The following table sets forth the Group’s results of operations for the years ended en
Slide 15: Provision for Expected Credit Losses; Direct Service Costs; Operating Expenses
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 15 MFS deployments launched in 2024 which carries a higher inherent credit risk Operating Expenses The improvement was primarily driven scaled rapidly following deploymen
Slide 16: Depreciation and Amortisation; Finance Costs; Withholding and Other Taxes
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 16 balances for which provisions were created Net finance costs increased by $2.2 million, generated in territories where the repatriation in the prior years, and where s
Slide 17: Selected consolidated statement of financial position
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 17 Selected consolidated statement Current liabilities Current liabilities increased by which resulted in a USD60.7 million increase in share premium following the issue
Slide 18: Currency and interest rate risk; debt facilities
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 18 Group’s management also regularly monitors In December 2023, the Company entered into potential currency risks prior to the conclusion a long-term bridge loan facility
Slide 19: Liquidity and Capital Resources
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 19 Liquidity and Capital Resources Cash Flows from Operating Activities The Group is generating profits that are converted to positive operating cash flows The table belo
Slide 20: Cash Flows used in Investing and Financing Activities
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 20 Cash Flows used in Investing Activities Cash Flows used in Financing Activities The table below sets forth the Group’s cash flows used in investing activities for the
Slide 21: Independent Auditor's Assurance Report
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 21 Independent Auditor’s Assurance Report information about the Group’s financial Auditor’s responsibility ERNST & YOUNG MIDDLE EAST Tel: +971 2 417 4400 position and fin
Slide 22: Auditor's report on non-IFRS financial information
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 22 The purpose of the non-IFRS financial Our procedures selected depend on information included in the 2025 Summary our judgement, having regard to our Results Booklet, i
Slide 23: Non-IFRS Financial Measures
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 23 Non-IFRS Financial Measures Basis of preparation For the year ended EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Net Working Capital, Adjusted Free Cash 31 Decembe
Slide 24: Net working capital; Adjusted Free Cash Flow; Net Income Margin
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 24 B. Net working capital D. Net Income Margin, Normalized Net Income, Adjusted Net Income and Adjusted Net Working Capital is calculated as trade and other receivables p
Slide 25: Cover Ratio; Adjusted EBITDA to Distributed Value; Take Rate
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 25 F. Cover Ratio H. Adjusted EBITDA to Distributed Value Ratio Cover Ratio is calculated as the ratio of revenue to provision for ECLs on financial guarantee Adjusted EB
Slide 26: Corporate Information
CEO STATEMENT GROUP PROFILE SUMMARY FINANCIAL STATEMENTS RESULTS COMMENTARY AUDIT OPINION NON-IFRS MEASURES CORPORATE INFORMATION 26 Corporate Information Company Name Channel VAS Investments Limited (“Optasia”) Bankers The Standard Bank of South Africa Limited Company registration number 1750790 Co
Slide 27: www.optasia.com
“~~, OPTASINA WWW.OPTASIA.COM