Karooooo Ltd. ( (KARO) ) has released its Q3 earnings. Here is a breakdown of the information Karooooo Ltd. presented to its investors.
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Karooooo Ltd. is a leading provider of Internet of Things (IoT) Software as a Service (SaaS) solutions, specializing in operational data analytics to enhance enterprise efficiency. The company operates mainly in the technology sector, focusing on optimizing business operations through its Cartrack platform.
Karooooo Ltd. announced robust financial results for the third quarter of 2025, showcasing significant growth in subscribers and earnings. The company’s subscriber base increased by 17% year-over-year, reaching 2.22 million, while adjusted earnings per share rose 21% to ZAR7.67, emphasizing a strong performance across its operations.
The company reported a 14% increase in subscription revenue, amounting to ZAR1,032 million, underpinned by a steady rise in Cartrack’s subscriber additions, which grew by 15%. Karooooo Logistics also demonstrated impressive revenue growth of 20% in its delivery-as-a-service model. The strategic investments in expanding distribution capabilities and enhancing product offerings contributed to these positive outcomes.
Karooooo’s operating profit increased by 18%, reaching ZAR325 million, and the adjusted EBITDA rose by 17% to ZAR501 million, reflecting the company’s efficient cost management and growth strategies. The company remains focused on its expansion in Europe and Southeast Asia, with notable subscription revenue growth in these regions.
Looking ahead, Karooooo Ltd. maintains a positive outlook, reaffirming its FY25 guidance. The company expects continued growth in subscribers and subscription revenue, supported by its solid balance sheet and strategic investments in technology and customer experience improvements.
