Recent Updates — KARO

Karooooo Ltd. reported second quarter and half-year 2027 unaudited financial results showing strong operational momentum. Second quarter subscription revenue increased 20% year-over-year to ZAR1,415 million (USD88 million), with constant currency growth accelerating to 23%. Annualized recurring revenue rose 19% to ZAR5,708 million (USD354 million). The company delivered a record quarterly operating profit of ZAR422 million, up 19%, and earnings per share increased 18% to ZAR9.28. Subscriber count grew 18% to nearly 2.9 million. Karooooo operates an operational intelligence platform for connected vehicles and logistics in more than 20 countries.

Karooooo Ltd. reported strong Q1 2027 results for the period ended May 31, 2026, with consolidated revenue increasing 22% to ZAR1,564 million and operating profit rising 16% to ZAR410 million. Cartrack subscription revenue grew 19% to ZAR1,351 million, while net subscriber additions reached a record 142,472. The company reaffirmed its FY27 outlook, projecting Cartrack subscription revenue growth between 18% and 24% and EPS growth of 21% at midpoint. Karooooo operates in the operational intelligence and fleet management industry, providing cloud-based platforms for connected operations.

The filing provides information regarding currency conversion and tax considerations related to the company's interim dividend. Karooooo Ltd. is a technology company providing marketing automation software.