- Karooooo (KARO, Financial) reported a 19% year-over-year increase in EPS to ZAR8.55 for Q1 2026.
- Cartrack Subscription Revenue surged 19% Y/Y, hitting ZAR1,138 million.
- Subscriber base grew 17% to 2.4 million, showcasing strong global expansion, especially in Southeast Asia.
Karooooo Limited (KARO) has announced impressive financial results for the first quarter of fiscal year 2026, ending May 31, 2025. The company's substantial growth is driven by an acceleration in its Cartrack subscription revenue, highlighting a 19% year-over-year increase to ZAR1,138 million, compared to ZAR960 million in Q1 2025. This increase reflects a robust performance across all regions.
Significantly, Karooooo's EPS saw a 19% rise, reaching ZAR8.55, up from ZAR7.17 in the previous year. The company also reported a 17% increase in its subscriber base, reaching 2.4 million from 2.0 million in Q1 2025. This growth is primarily attributed to the rapidly expanding Southeast Asian market, where Cartrack's subscription revenue growth hit 30%.
Cartrack's total revenue climbed by 18% to ZAR1,156 million, bolstered by net subscriber additions of 84,013 during the quarter. Karooooo Logistics also demonstrated a 20% revenue growth, reaching ZAR121 million.
CEO Zak Calisto expressed optimism about the company's future outlook, citing Karooooo's comprehensive digital transformation solutions and its scalable business model as key factors positioning the company to leverage further growth opportunities effectively.
