-

Karooooo Reports Strong Q1 2026 Results Highlighted By Accelerating Cartrack Revenue Growth

SINGAPORE--(BUSINESS WIRE)--Karooooo Limited (“Karooooo”) reported strong results for the first quarter (“Q1 2026”) ended May 31, 2025. Karooooo owns 100% of Cartrack and 74.8% of Karooooo Logistics.

We are pleased to report a strong start to FY 2026 highlighted by accelerating Cartrack subscription revenue growth across all regions.

Share

Q1 2026 highlights include:

  • Q1 Cartrack Subscription Revenue growth accelerated to 19% Y/Y
  • Karooooo EPS increased 19% Y/Y to ZAR8.55 (Q1 2025: ZAR7.17)
  • Karooooo Subscribers increased 17% to 2.4 million (Q1 2025: 2.0 million)

Zak Calisto, CEO and Founder:

“We are pleased to report a strong start to FY 2026 highlighted by accelerating Cartrack subscription revenue growth across all regions. We are realizing the benefits of our extensive footprint, and we believe that we remain well positioned to build our customer base. We remain optimistic about continued healthy organic growth in all geographies. Southeast Asia continues to present the largest growth opportunity for us over the medium-to-long term and is our fastest growing region. Cartrack Subscription Revenue growth in Southeast Asia accelerated to 30% in the first quarter.”

Cartrack total revenue increased 18% to ZAR1,156 million in Q1 2026 (Q1 2025: ZAR981 million). Cartrack subscription revenue increased 19% to ZAR1,138 million in Q1 2026 (Q1 2025: ZAR960 million). Cartrack delivered net subscriber additions of 84,013 during the quarter (Q1 2025: 75,910).

Karooooo Logistics continues to scale and its revenue increased 20% to ZAR121 million in Q4 2025 (Q1 2025: ZAR101 million).

Karooooo’s EPS increased 19% to ZAR8.55 in Q1 2026 (Q1 2025: ZAR7.17).

Karooooo’s consistently profitable business model, underpinned by a strong balance sheet and healthy cash position, positions it well to capitalize on a growing opportunity.

Full earnings: www.karooooo.com

About Karooooo

Karooooo digitally transforms physical operations by simplifying decision making. Through its cloud platform, Karooooo empowers businesses to conquer operations including fleet maintenance, fuel management and asset utilization, workforce management, logistics, safety, compliance, risk and environmental impact. Karooooo’s differentiated insights and analytics simplify day-to-day operations and enable businesses to decrease costs, increase efficiency, improve safety and strengthen workforce and customer satisfaction. Karooooo is headquartered in Singapore and services more than 125,000 commercial customers and more than 2,400,000 active subscribers in more than 20 countries.

For more information, visit www.karooooo.com.

Contacts

ir@karooooo.com

Industry:

Karooooo Limited

NASDAQ:KARO
Details
Headquarters: Singapore, Singapore
CEO: Zak Calisto
Employees: 5700+
Organization: PUB
Release Versions
English

Contacts

ir@karooooo.com

More News From Karooooo Limited

Cartrack Partners With Schmitz Cargobull to Deliver Integrated Fleet Telematics Solution for Trailers

SINGAPORE--(BUSINESS WIRE)--Cartrack, a leading global mobility solutions provider and subsidiary of Karooooo Limited (NASDAQ: KARO), has entered into a partnership with Schmitz Cargobull, Europe’s premier manufacturer of semi-trailers and a trailblazer in digital trailer connectivity. The partnership enables seamless integration of TrailerConnect® telematics data into Cartrack’s platform, giving transport operators real-time visibility and complete control over their fleet operations, with the...

Karooooo Recognised Among Singapore’s Fastest-Growing Companies, Reflecting Sustained Growth at Scale

SINGAPORE--(BUSINESS WIRE)--Karooooo Ltd. (NASDAQ: KARO), the global provider of mobility and operational intelligence solutions and parent company of Cartrack, today announced that it earned a place on Singapore’s Fastest-Growing Companies 2026, an annual ranking compiled by global research firm Statista, in collaboration with The Straits Times, Singapore’s leading newspaper. The list recognises 100 companies headquartered in Singapore that have achieved strong revenue growth over the past thr...

Karooooo Accelerates ARR Growth by 28% to USD298 Million

SINGAPORE--(BUSINESS WIRE)--Karooooo Limited (“Karooooo”) reported strong results and a positive outlook in the third quarter (“Q3 2026”) ended November 30, 2025. Karooooo owns 100% of Cartrack and 81% of Karooooo Logistics, (collectively, “the group”). Q3 2026 Financial highlights include: Cartrack’s SaaS annualized recurring revenue (“ARR”) growth accelerated to 22% Y/Y reaching ZAR5,106 million SaaS ARR in USD accelerated to 28% Y/Y reaching USD298 million Cartrack subscription revenue incre...
Back to Newsroom