KARO Karooooo (KARO) Q2 FY27 earnings call
Karooooo delivered a strong quarter, marked by accelerating subscription revenue growth across all regions, particularly in South Africa and Asia, driven by strategic investments in sales capacity and product innovation. Despite significant investments in IoT devices impacting free cash flow, the company maintained robust profitability and a strong balance sheet, reiterating its full-year outlook for continued growth and earnings expansion. The focus remains on balancing profitable growth with strategic market penetration in physical AI.
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KARO operating KPIs by quarter
| KPI | May 2026 Q1 FY27 | This call Aug 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|
| Net subscriber additions | 142.472KThe acceleration of subscriber growth to 18% from 16% in Q4 FY '26 underpinned our strong performance as we delivered record net subscriber additions of 142,472.Source: earnings call transcript | 94.516KCartrack net subscriber additions increased 34% to 94,516 a record for the second quarter.Source: earnings call transcript | -33.7% |
| Customers | 125K+Our platform supports more than 2.8 million subscribers across more than 125,000 businesses spanning a diverse set of industries with no customer or industry concentration risk.Source: earnings call transcript | 125K+Our platform supports approximately 2.9 million subscribers across more than 125,000 businesses in diverse industries.Source: earnings call transcript | — |
| Subscribers | 2.8M+Our platform supports more than 2.8 million subscribers across more than 125,000 businesses spanning a diverse set of industries with no customer or industry concentration risk.Source: earnings call transcript | ~2.9MOur platform supports approximately 2.9 million subscribers across more than 125,000 businesses in diverse industries.Source: earnings call transcript | — |
| Subscribers South Africa | 2.1MQ1 subscriber growth accelerated to 18% and reached 2.1 million subscribers in South Africa.Source: earnings call transcript | ~2.2MQ2 subscriber growth increased 18% and reached approximately 2.2 million subscribers in South Africa South Africa net subscriber additions increased 20% to $65.97 as we realize the benefits of our recent investments in sales capacity and capitalized on strong demand for the Cartrack-Tag and video solutions.Source: earnings call transcript | — |
| Subscribers Southeast Asia and the Middle East | 353KQ1 subscriber growth increased 22% and reached 353,000 subscribers in Southeast Asia and the Middle East, with most of the subscribers in Southeast Asia.Source: earnings call transcript | 367KQ2 subscriber growth increased 21% and reached 367,000 subscribers in Southeast Asia and the Middle East, with most of the subscribers in Southeast Asia.Source: earnings call transcript | +4% |
| Subscribers Europe | 236KQ1 subscriber growth increased 13% and reached 236,000 in Europe, Q1 subscription revenue growth was 7% and 13% on a constant currency basis.Source: earnings call transcript | 245KQ2 subscriber growth increased 13% and reached 245,000 in Europe.Source: earnings call transcript | +3.8% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.