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Stock impact report

Karooooo Accelerates Subscription Revenue Growth from 15% to 20%

Karooooo Ltd. - Ordinary shares (KARO) 
Company Research Source: Business Wire
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 (August 31, 2024: ZAR3,990 million)Karooooo’s quarterly Adjusted EPS increased 13% Y/Y to ZAR8.28 (Q2 2025: ZAR7.35)Karooooo’s subscribers increased 15% to 2.5 million (Q2 2025: 2.1 million)Zak Calisto, CEO and Founder:“Our subscription revenue growth increased from 15% in FY25 Q2, to 20% in this quarter. We continue to demonstrate our ability to accelerate our subscription revenue growth at scale, deliver strong earnings, drive innovation, and increase our distribution capabilities while maintai Show less Read more
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