Karooooo Limited reported a strong start to fiscal year 2026, with robust results for the first quarter ended May 31, 2025. Cartrack's total revenue increased 18% year-over-year to ZAR1,156 million, while its subscription revenue grew 19% to ZAR1,138 million. The company added 84,013 net subscribers during the quarter, bringing the total to 2.4 million.
Karooooo Logistics also continued to scale, with its revenue increasing 20% to ZAR121 million. The company's earnings per share (EPS) for Q1 FY26 rose 19% to ZAR8.55. These results highlight accelerating Cartrack subscription revenue growth across all regions, with Southeast Asia notably being the fastest-growing region, where Cartrack subscription revenue accelerated to 30%.
Management expressed optimism about continued healthy organic growth across all geographies, emphasizing the benefits of its extensive footprint. Karooooo reaffirmed its full-year fiscal 2026 guidance, indicating confidence in its strategic direction and ongoing investments to build its customer base and capitalize on market opportunities.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.