-

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

Karooooo to Participate in Upcoming Investor Conferences

SINGAPORE--(BUSINESS WIRE)--Karooooo (KARO), a smart mobility SaaS platform provider for connected vehicles and other mobile assets, today announced that Chief Strategy & Marketing Officer Carmen Calisto will participate in the UBS Global Technology and AI Conference on Wednesday, December 3rd at 6:15 p.m. ET and the Raymond James TMT & Consumer Conference on Tuesday, December 9th at 3:00 p.m. ET. A live webcast of the presentations will be available in the Events and Presentations sect...

Cartrack and Volkswagen Group Info Services AG Form Partnership for Fleet Data Integration

SINGAPORE--(BUSINESS WIRE)--Cartrack, a leading global mobility solutions provider and subsidiary of Karooooo Limited (NASDAQ: KARO), today announced its partnership with Volkswagen Group Info Services AG to integrate multi-brand vehicle data across Europe. This collaboration allows the direct integration of real-time fleet data from Volkswagen Passenger Cars, Volkswagen Commercial Vehicles, Audi, Škoda, SEAT, and CUPRA into Cartrack’s Software-as-a-Service (SaaS) fleet platform. Fleet managers...

Karooooo Accelerates Subscription Revenue Growth from 15% to 20%

SINGAPORE--(BUSINESS WIRE)--Karooooo Limited (“Karooooo”) reported strong results and a positive outlook in the second quarter (“Q2 2026”) ended August 31, 2025. Karooooo owns 100% of Cartrack and 74.8% of Karooooo Logistics, (collectively, “the group”). Financial highlights include: Cartrack’s quarterly subscription revenue increased 20% to ZAR1,180 million (Q2 2025: ZAR983 million) Cartrack’s SaaS annualized recurring revenue (“ARR”) as at August 31, 2025, increased 20% to ZAR4,806 million (A...
Back to Newsroom