Karooooo Ltd. ( (KARO) ) has released its Q2 earnings. Here is a breakdown of the information Karooooo Ltd. presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Karooooo Ltd., a Singapore-based company, specializes in digital transformation of physical operations through its cloud platform, primarily serving the fleet management and logistics sectors. In its latest earnings report, Karooooo Ltd. announced a robust financial performance for the second quarter of 2026, with significant growth in subscription revenue and subscriber base. The company reported a 20% year-over-year increase in subscription revenue, reaching ZAR1,182 million, and a 15% rise in subscribers, totaling 2.5 million. Operating profit also saw an 18% increase, amounting to ZAR356 million, while adjusted earnings per share grew by 13% to ZAR8.28. Karooooo Logistics, a subsidiary, experienced a 38% surge in delivery-as-a-service revenue, highlighting the company’s expansion in the e-commerce sector. Looking ahead, Karooooo’s management remains optimistic about future growth, reaffirming their fiscal year 2026 outlook and emphasizing their strong position in an expanding market driven by digitalization and operational efficiency demands.