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MARKETS / NASDAQ / KARO
NASDAQ · SERVICES-PREPACKAGED SOFTWARE · MID CAP

Karooooo Ltd. KARO

7 fiscal years on record · ZAR · FY2024 reported · SEC filings only
ZAR 4.6B
▲ 8.6% YoY
ZAR 921.0M
▲ 24.8% YoY
ZAR 910.9M
▲ 1057.7% YoY
In brief

What this company does

Karooooo Ltd. operates a platform that collects, processes, and analyzes data through two-way communication with its proprietary hardware technology or third-party devices installed in each vehicle or other asset, giving users visibility into their fleets from a single interface with reporting and tracking capabilities that deliver insights in real time. As of February 28, 2026, the company served customers in more than 20 countries across four continents, with approximately 2.7 million subscribers' vehicles and equipment connected to its Cartrack operational intelligence platform. It served more than 125,000 commercial customers as of that date. The company hosts its platform principally in seven third-party data centers located in South Africa, Singapore, the Netherlands, the United Arab Emirates and France. As of February 28, 2026, it had 7,395 full-time employees, with 5,398 located in South Africa, 309 in Africa-Other, 387 in Europe and 1,301 in Asia-Pacific, the Middle East and the USA.

Written from the business description in KAROOOOO LTD.'s annual report to the U.S. Securities and Exchange Commission, filed 9 June 2026. Every sentence was checked against that document before publication.

Growth
ZAR 4.6B
Revenue, FY2024 · full 7-year series below
Revenue ZAR B Net income ZAR B
FY2024 · Revenue 4.6 · Net income 0.9
2B4B2018201920202021202220232024
Compound annual growth
+18.5%
+18.7%
+27.0%
+26.0%
+25.1%
+46.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +18.7% a year over five years — but profit grew faster: net income at +26.0%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
21 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Operating 28.7% · Net 20.5%
10%20%30%2018201920202021202220232024
ROE
FY2024 · ROE 29.9%
10%20%30%2018201920202021202220232024

Each ZAR of equity produced 30 cents of profit this year.

Cash & shareholders
ZAR 615.9M
returned in FY2024 · dividends + net buybacks
Free cash flow ZAR M
FY2024 · FCF 910.9
400M800M2018201920202021202220232024
Net buybacks ZAR M Dividends ZAR M
FY2024 · Dividends 612.4 · Net buybacks 3.5
250.0M500.0M201820192020202220232024

ZAR 612.4M in dividends and ZAR 3.5M in buybacks — 67% of the year's profit went back to shareholders.

Total assetsZAR 5.1B
EquityZAR 3.2B
CashZAR 1.0B
Gross debtZAR 315.0M
Net debtZAR -727.9M
Current ratio1.14×

The company holds more cash than debt.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · ZAR

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2024202320222021202020192018
Revenue ZAR B4.64.23.52.72.31.91.7
Operating income ZAR B1.31.00.90.70.70.60.5
EBITDA ZAR B2.01.71.41.2···
Income tax ZAR B0.30.30.30.20.20.20.1
Net income ZAR B0.90.70.60.40.30.30.2
Free cash flow ZAR B0.90.10.50.40.50.50.1
EPS, diluted ZAR 29.8123.8519.2915.2415.65··
Dividend / sh ZAR ·······
Payout %666855·1313263
ROE %29.926.324.829.936.733.0·
Shares out B··0.000.000.00··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 1 failures in 30 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 65 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente1 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inoutside the United States — SEC code U0
Fiscal year endsFebruary 28
SEC categoryemerging growth company
Data on record since2018

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