Karooooo posts transcript of Q1 FY2027 earnings call
KARO•Q1 FY2027 earnings call transcript and results
Karooooo discussed Q1 FY 2027 results on July 16, 2026, with Founder and Group CEO Zak Calisto, the CFO, the VP of Investor Relations, and the Chief Strategy and Marketing Officer.
- Revenue rose 22% to ZAR 1.56 billion.
- Subscription revenue climbed 19% to ZAR 1.35 billion.
- Operating profit increased 16% to ZAR 410 million.
- Subscribers grew 18% to more than 2.8 million.
- Net additions hit a record 142,472, led by South Africa net adds of 113,913.
- Management cited Cartrack-Tag as a key driver, with heavy stand-alone tag sales and cross-sell into the installed base; tag already exceeds 5% of sales.
- Management reiterated FY2027 outlook, signaling slower sales and marketing spend growth than FY2026; Cartrack-Tag expansion stays focused on South Africa this year.
