Karooooo Fiscal Q2 Revenue Rises 22% to ZAR 1.64 Billion

Karooooo Ltd.’s revenue rose 22% to ZAR 1.64 billion in fiscal Q2 2027 as its Cartrack fleet management business added subscribers and increased subscription sales during the three months ended Aug. 31, 2026.

Revenue was ZAR 1.34 billion in the year-earlier quarter. Operating profit increased 19% to ZAR 422 million, while reported earnings per share climbed 18% to ZAR 9.28 from ZAR 7.88.

Adjusted earnings per share rose 12% to ZAR 9.28 from ZAR 8.28. The prior-year adjusted figure excluded secondary offering costs, making its comparison different from the one for reported earnings per share.

Cartrack finished the quarter with 2.9 million subscribers, up 18% from a year earlier. Its subscription revenue grew 20% to ZAR 1,415 million, accounting for most of Karooooo’s total revenue for the period.

Karooooo maintained its fiscal 2027 forecast for Cartrack subscription revenue of ZAR 5.7 billion to ZAR 6 billion, representing growth of 18% to 24%. The forecast assumes constant exchange rates based on the prior financial year.