Quarterly ResultMay 13, 2026, 04:07 PM
Karooooo FY26 Adj. EPS ZAR32.55; Q4 Subscription Revenue +18%; Dividend +20%
AI Summary
Karooooo Ltd. reported record financial results for the fourth quarter and full year ended February 28, 2026, with strong subscription revenue growth and a significant increase in adjusted free cash flow. The company declared a USD1.50 dividend per share, marking a 20% year-over-year increase. Despite a stronger ZAR impacting reported revenue, Cartrack accelerated subscription revenue growth, particularly in South Africa. Karooooo also provided a positive outlook for FY 2027, anticipating accelerated subscription revenue and strong EPS growth.
Key Highlights
- Karooooo declared a USD1.50 dividend per share, payable in July 2026, an increase of 20% year-over-year.
- FY 2026 Adjusted EPS increased 3% year-over-year to ZAR32.55 and 20% to USD2.05.
- FY 2026 Subscription Revenue increased 19% to ZAR4,844 million (39% to USD304 million).
- FY 2026 Adjusted Free Cash Flow increased 90% year-over-year to ZAR809 million.
- Q4 2026 Cartrack SaaS ARR increased 18% to ZAR5,179 million (38% to USD325 million).
- Q4 2026 Cartrack South Africa Subscription Revenue growth accelerated to 22% year-over-year.
- FY 2027 EPS outlook is between ZAR38.50 and ZAR40.00, implying 18-23% growth.
- FY 2027 Cartrack Subscription Revenue outlook is ZAR5,700 million to ZAR6,000 million, implying 18-24% growth.