Karooooo Q4 Subscription Revenue +22% and SaaS ARR Hits ZAR5.179bn
Karooooo’s Q4 Cartrack South Africa subscription revenue grew 22% year-over-year, while SaaS annual recurring revenue climbed 18% to ZAR5,179 million (38% in USD terms). For FY 2026, adjusted EPS rose 3% to ZAR32.5 as the group delivered strong cash flow.
1. Q4 Subscription Revenue Growth
Cartrack South Africa subscription revenue grew 22% year-over-year, driven by new client wins and increased usage of fleet management services across existing accounts.
2. ARR Increase to ZAR5,179 Million
Cartrack SaaS annual recurring revenue rose 18% Y/Y to ZAR5,179 million, representing a 38% gain in USD equivalent, reflecting strong demand for telematics solutions in key markets.
3. Full-Year Adjusted EPS and Cash Flow
For the year ended February 28, 2026, adjusted EPS increased 3% to ZAR32.5, supported by robust operating cash flow and disciplined cost control measures.
4. Group Structure
Karooooo holds 100% of Cartrack and 81% of Karooooo Logistics, leveraging combined capabilities to drive cross-selling opportunities and operational efficiencies.