Karooooo Ltd. ( (KARO) ) has released its Q1 earnings. Here is a breakdown of the information Karooooo Ltd. presented to its investors.
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Karooooo Ltd. is a Singapore-based company that specializes in digital transformation of physical operations, offering solutions in fleet maintenance, logistics, and workforce management across over 20 countries. In its latest earnings report for Q1 2026, Karooooo Ltd. announced a robust financial performance with significant growth in subscription revenue and subscriber base, alongside a reaffirmation of its outlook for FY26. Key highlights include a 19% year-over-year increase in Cartrack subscription revenue and a 17% rise in subscribers to 2.4 million. The company’s adjusted earnings per share also saw a 19% increase, reflecting strong profitability. Looking ahead, Karooooo remains optimistic about its growth prospects, particularly in Southeast Asia, and plans to continue expanding its distribution footprint and platform adoption to drive further revenue growth.