Last night, the company also reported Q2 subscription revenue ZAR 1.18B, up 20% y/y. “Our subscription revenue growth increased from 15% in FY25 Q2, to 20% in this quarter. We continue to demonstrate our ability to accelerate our subscription revenue growth at scale, deliver strong earnings, drive innovation, and increase our distribution capabilities while maintaining a strong, financially disciplined, agile, innovative and owner-orientated culture. We believe that our strong unit economics coupled with a clean balance sheet positions us favourably to continue to scale.” Shares of Karooooo (KARO) are down 6% in pre-market.
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