Singapore's Karooooo Q2 subscription revenue rises 20%

Karooooo

Tue 06:13

Overview
Singapore operational intelligence platform's Q2 subscription revenue rose 20% yr/yr
Adjusted EPS for Q2 rose 12% yr/yr
Company reported record net Cartrack subscriber additions in Q2

Outlook
Cartrack expects FY 2027 subscription revenue of ZAR5.7 bln to ZAR6.0 bln, up 18%-24%
Karooooo sees FY 2027 EPS between ZAR38.50 and ZAR40.00, up 18%-23% from FY 2026 adj EPS
Cartrack maintains FY 2027 gross margin guidance of 70%-72% and operating margin of 27%-30%

Result Drivers
SUBSCRIBER GROWTH - Record net Cartrack subscriber additions and 18% increase in total subscribers drove revenue growth
CONSTANT CURRENCY GROWTH - Accelerated subscription revenue growth in constant currency across all regions, per CEO Zak Calisto
LOGISTICS REVENUE - Karooooo Logistics B2B delivery-as-a-service revenue rose 36% yr/yr

Company press release: ID:nJseT0002a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
ZAR 9.28
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)