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Goodwill And Intangible Assets, Net
 9 Months Ended
Mar. 31, 2025
Goodwill And Intangible Assets, Net [Abstract]  
Goodwill And Intangible Assets, Net
7.
 
Goodwill and intangible assets, net
Goodwill
Summarized below is the movement in the carrying value of goodwill
 
for the nine months ended March 31, 2025:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross value
Accumulated
impairment
Carrying
value
Balance as of June 30, 2024
$
157,899
$
(19,348)
$
138,551
Acquisitions (Note 2)
(1)
76,590
-
76,590
Foreign currency adjustment
(2)
(5,430)
125
(5,305)
Balance as of March 31, 2025
$
229,059
$
(19,223)
$
209,836
 
 
 
 
 
 
 
 
 
(1) – Represents
 
goodwill arising from
 
the acquisition of Adumo,
 
Recharger, IVAS
 
Namibia and Master
 
Fuel and translated at
the foreign exchange rates applicable on the date the transactions became effective.
 
This goodwill has been allocated to the Merchant
(a portion Adumo, IVAS Namibia and Master Fuel), Consumer (a portion of Adumo) and Enterprise (Recharger) reportable operating
segments.
(2) – The foreign currency adjustment represents the effects of the fluctuations
 
of the South African rand against the U.S. dollar
on the carrying value.
Goodwill associated with
 
the acquisitions
 
represents the excess
 
of cost over
 
the fair value
 
of acquired net assets.
 
Goodwill arising
from
 
these
 
acquisitions
 
is not
 
deductible
 
for
 
tax
 
purposes.
 
See
 
Note
 
2
 
for
 
the
 
allocation
 
of
 
the
 
purchase
 
price
 
to
 
the fair
 
value
 
of
acquired net assets.
Goodwill has been allocated to the Company’s
 
reportable segments as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Merchant
Consumer
Enterprise
Carrying
value
Balance as of June 30, 2024
$
123,396
$
-
$
15,155
$
138,551
Acquisitions (Note 2)
64,795
8,703
3,092
76,590
Foreign currency adjustment
(1)
(4,513)
(481)
(311)
(5,305)
Balance as of March 31, 2025
$
183,678
$
8,222
$
17,936
$
209,836
 
 
 
 
 
 
 
 
 
 
 
 
(1) The foreign
 
currency adjustment represents
 
the effects
 
of the fluctuations
 
of the South
 
African rand
 
against the U.S.
 
dollar
on the carrying value.
Intangible assets, net
Carrying value and amortization of intangible assets
Summarized below is
 
the carrying value
 
and accumulated amortization
 
of intangible assets as
 
of March 31,
 
2025, and June
 
30,
2024:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of March 31, 2025
As of June 30, 2024
Gross
carrying
value
Accumulated
amortization
Net
carrying
value
Gross
carrying
value
Accumulated
amortization
Net
carrying
value
Finite-lived intangible assets:
Customer relationships
(1)
$
51,221
$
(16,445)
$
34,776
$
25,880
$
(14,030)
$
11,850
Software, integrated
platform and unpatented
technology
(1)
130,581
(35,449)
95,132
115,213
(25,763)
89,450
FTS patent
 
2,088
(2,088)
-
2,107
(2,107)
-
Brands and trademarks
(1)
17,641
(5,391)
12,250
14,353
(4,300)
10,053
Total finite-lived
 
intangible
assets
 
$
201,531
$
(59,373)
$
142,158
$
157,553
$
(46,200)
$
111,353
(1) March
 
31, 2025
 
balances include
 
the intangible
 
assets acquired
 
as part
 
of the
 
Adumo acquisition
 
in October
 
2024, and
 
the
Recharger and Genisus Risk acquisitions in March 2025.
 
7.
 
Goodwill and intangible assets, net (continued)
Intangible assets, net (continued)
Aggregate amortization
 
expense on the finite-lived
 
intangible assets for the
 
three months ended March
 
31, 2025 and 2024,
 
was
$
5.1
 
million and $
3.6
 
million, respectively.
 
Aggregate amortization
 
expense on the
 
finite-lived intangible assets
 
for the nine
 
months
ended March 31, 2025 and 2024, was $
13.9
 
million and $
10.8
 
million, respectively. Future estimated annual amortization expense for
the next five
 
fiscal years and
 
thereafter,
 
assuming exchange
 
rates that prevailed
 
on March
 
31, 2025,
 
is presented in
 
the table below.
Actual
 
amortization
 
expense
 
in
 
future
 
periods
 
could
 
differ
 
from
 
this
 
estimate
 
as
 
a
 
result
 
of
 
acquisitions,
 
changes
 
in
 
useful
 
lives,
exchange rate fluctuations and other relevant factors.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal 2025 (excluding nine months ended March 31, 2025)
$
5,721
Fiscal 2026
22,916
Fiscal 2027
22,679
Fiscal 2028
22,254
Fiscal 2029
21,690
Thereafter
46,898
Total future
 
estimated annual amortization expense
$
142,158