Karooooo reports Q3 EPS up 21% from last year to ZAR7.68

The company states: “Karooooo (KARO) increased subscription revenue 14% to ZAR1,032 million in Q3 2025, and operating profit increased 18% to ZAR325 million. Cartrack increased total revenue 14% to ZAR1,051 million (Q3 2024: ZAR919 million). This growth is driven by a subscription-revenue business model. Cartrack also experienced a 14% increase in subscription revenue to ZAR1,029 million in Q3 2025 (Q3 2024: ZAR900 million) or a 19% increase year-on-year on a U.S. dollar basis. Subscription revenue currently represents 98% of total revenue. Additionally, Cartrack achieved net subscriber additions of 86,617 during the quarter (Q3 2024: 75,484), reinforcing its proven ability to scale and maintain consistent growth. With ongoing investments in sales, marketing, and infrastructure to support future growth, Cartrack has ample runway to accelerate customer acquisition while maintaining robust earnings. Karooooo Logistics demonstrated continued strong revenue growth with a 20% increase to ZAR109 million. Karooooo Logistics focuses on delivery-as-a-service (“DaaS”) for our large enterprise customers wishing to scale and digitalize their e-commerce operations through a capital light model by connecting them to an elastic fleet of third-party delivery drivers.”