Group 1 - Karooooo Ltd. reported Q2 FY 2025 results with mixed outcomes, showing growth in their Cartrack subscription service and beating EPS expectations at $0.42, exceeding by $0.03 [1] - The company's revenue for the quarter was $62.69 million, which fell short of expectations by $853.9 thousand [1]

Karooooo Ltd. (KARO) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 5.26%. A quarter ago, it was expected that this company would post earnings of $0.36 per share when it actually produced earnings of $0.39, delivering a surprise of 8.33%. Over the last four quarters, the company ha ...

SINGAPORE (October 15, 2024) - Karooooo Limited ("Karooooo") reported strong results and a positive outlook in second quarter ("Q2 2025") and Half-Year ("HY 2025") ended August, 31 2024. Karooooo owns 100% of Cartrack and 74.8% of Karooooo Logistics, (collectively, "the group"). Karooooo Adjusted Earnings Per Share increased 31% Y/Y to ZAR7.35 for Q2 2025, driven by healthy subscription revenue growth and higher gross margins. Exhibit 99.1 "We delivered another strong quarter of profitable growth in the sec ...

Shares of Karooooo Ltd (KARO, Financial) surged 5.86% in mid-day trading on Oct 2. The stock reached an intraday high of $40.17, before settling at $39.17, up from its previous close of $37.00. This places KARO 10.56% below its 52-week high of $43.80 and 110.70% above its 52-week low of $18.59. Trading volume was 8,565 shares, 30.5% of the average daily volume of 28,089. Wall Street Analysts Forecast Based on the one-year price targets offered by 2 analysts, the average target price for Karooooo Ltd (KARO, ...

Exhibit 99.1 Karooooo Ltd. Interim Report (unaudited) for the three months ended May 31, 2024 Contents | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | Management's Discussion and Analysis of Financial Condition and Results of Operations | 1 | | Unaudited Interim Condensed Consolidated Statements of Financial Position as at the quarter ended May 31, 2024 and 2023 | F-2 ...

As filed with the Securities and Exchange Commission on June 13, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the financial year ended February 29, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition pe ...

Core Viewpoint - Karooooo is a rapidly growing South African telematics company that is increasingly returning capital to shareholders and focusing on its core business, Cartrack, particularly in Asia [1][9] Subscriber Growth - The number of paying subscribers increased from 88,000 customers and 1.526 million subscribers to over 121,000 customers and 1.971 million subscribers as of February 29, 2024 [2] - The company expects to reach between 2.2 million and 2.4 million subscribers by the end of the calendar year 2024, indicating a significant growth trajectory [2][5] - South Africa remains the primary market for subscriber growth, while Asia, the US, and the Middle East are growing at a faster rate from a lower base [2] - Net subscriber additions increased from 191,000 in 2023 to 254,000 in 2024, with management aiming to double the subscriber base in less than four years [2] Financial Performance - In 2024, Karooooo achieved a 20% revenue growth and a 17% increase in subscription revenue, with gross profit and operating profit growing by 18% [4] - The operating profit reached a record 1 billion ZAR, maintaining high operating profit margins at 25% [4] - The company anticipates operating profit to improve to 27% and net income to reach 29.25 ZAR, equating to approximately $1.60 USD in earnings per share for 2025 [5] Valuation - The current price of $28.62 per share implies a P/E ratio of approximately 18, which is considered a fair price for a SaaS company that meets the rule of 40 and is accelerating subscriber additions [6] Capital Return Initiatives - Karooooo announced a share repurchase program to buy back up to 1 million shares, representing 10% of shares outstanding, which could support the share price [7] - The company has a history of paying special dividends, with expectations of declaring a special dividend of at least $1.00 per share in the May-August timeframe, providing a potential 3%+ dividend yield [8] Strategic Partnerships - The company is leveraging partnerships with leading OEMs to develop the connected vehicle ecosystem, with expected contributions to subscriber growth starting in FY '25 [3]

SINGAPORE--(BUSINESS WIRE)--Karooooo Limited (NASDAQ: KARO) (“Karooooo” or “the Company”), which owns 100% of Cartrack Holdings, announced that the Company will release its Fourth Quarter and Full Year 2024 Financial Results on Wednesday, May 15, 2024 shortly after 04:00 p.m. Eastern Time.Webcast: The Company will host a corresponding Zoom webinar on Thursday, May 16, 2024 at 08:00 a.m. Eastern Time (02:00 p.m. South African time; 08:00 p.m. Singaporean time). Investors, analysts and the media are invited t ...

Exhibit 99.1 SINGAPORE (January 22, 2024) - Karooooo Limited ("Karooooo") reported solid results for the third quarter ("Q3 2024") ended November 30, 2023. Karooooo owns 100% of Cartrack, 100% of Carzuka and 70.1% of Karooooo Logistics, (collectively, "the group"). These consistently robust results extend the group's track record of growth at scale, profitability and cash generation over more than a decade. The group's success is underpinned by an entrepreneurial, innovative, agile and customer-centric cult ...

[Report Overview](index=1&type=section&id=Report%20Overview) [Executive Summary](index=1&type=section&id=Executive%20Summary) Karooooo reported solid results for Q3 2024, demonstrating consistent growth, profitability, and cash generation, with subscription revenue growing 17% to ZAR 904 million - The company's Operations Cloud platform powers the digital transformation for over **113,000** commercial customers, maintaining a high retention rate of **95%**[6](index=6&type=chunk) - Carzuka's reduced operations negatively impacted EPS by **ZAR 0.75** in Q3 2024, but it is not expected to have a significant impact on earnings going forward[8](index=8&type=chunk) Q3 2024 Key Performance Indicators (Y-o-Y) | Metric | Q3 2024 | Q3 2023 | Growth | | :--- | :--- | :--- | :--- | | Karooooo Subscription Revenue | ZAR 904 million | ZAR 772 million | 17% | | Annualized Recurring Revenue (ARR) | ZAR 3,711 million | ZAR 3,097 million | 20% | | Earnings Per Share (EPS) | ZAR 6.34 | ZAR 4.70 | 35% | [Financial Performance](index=2&type=section&id=Financial%20Performance) [Third Quarter 2024 Financial Overview](index=2&type=section&id=Third%20Quarter%202024%20Financial%20Overview) In Q3 2024, Karooooo's consolidated revenue grew 16% year-over-year to ZAR 1,080 million, with subscription revenue up 17%, driven by Cartrack's 33% increase in operating profit - Cartrack subscribers grew **14%** to **1,908,192**[12](index=12&type=chunk) - Cash generated from operating activities saw a substantial increase of **55%** to **ZAR 443 million**[12](index=12&type=chunk) Karooooo Consolidated Financials Q3 2024 | Metric | Q3 2024 (ZAR thousands) | Q3 2023 (ZAR thousands) | Y-o-Y Growth | | :--- | :--- | :--- | :--- | | Total Revenue | 1,080,143 | 929,993 | 16% | | Subscription Revenue | 903,915 | 772,483 | 17% | | Gross Profit | 687,311 | 583,089 | 18% | | Operating Profit | 274,706 | 209,131 | 31% | | Adjusted EBITDA | 427,874 | 333,525 | 28% | [Revenue Analysis](index=3&type=section&id=Q3%202024%20Revenue%20Analysis) Group revenue growth was primarily driven by Cartrack's 17% increase in subscription revenue, which reached ZAR 900 million, while Karooooo Logistics also contributed significantly with a 67% revenue surge to ZAR 91 million Q3 2024 Revenue by Segment | Segment | Q3 2024 Revenue (ZAR millions) | Q3 2023 Revenue (ZAR millions) | Y-o-Y Growth | | :--- | :--- | :--- | :--- | | Cartrack | 919 | 804 | 14% | | Carzuka | 70 | 72 | (2)% | | Karooooo Logistics | 91 | 54 | 67% | [Operating Expenses Analysis](index=3&type=section&id=Q3%202024%20Operating%20Expenses%20Analysis) Total operating expenses rose 10% to ZAR 414 million, mainly due to strategic investments at Cartrack for territorial expansion and growth, while Cartrack's key expense categories as a percentage of its subscription revenue either decreased or remained stable - Cartrack's sales and marketing expenses as a percentage of its subscription revenue decreased to **13%** from **14%** in Q3 2023[26](index=26&type=chunk) Q3 2024 Operating Expenses by Segment | Segment | Q3 2024 OpEx (ZAR millions) | Q3 2023 OpEx (ZAR millions) | Y-o-Y Growth | | :--- | :--- | :--- | :--- | | Cartrack | 378 | 345 | 10% | | Carzuka | 17 | 21 | (21)% | | Karooooo Logistics | 19 | 11 | 67% | [Profitability Analysis](index=4&type=section&id=Q3%202024%20Profitability%20Analysis) The group's operating profit grew 31% to ZAR 275 million, with EPS up 35% to ZAR 6.34, primarily driven by Cartrack's record operating profit of ZAR 295 million - Karooooo's consolidated earnings per share grew **35%** to **ZAR 6.34**[22](index=22&type=chunk) Q3 2024 Operating Profit/(Loss) by Segment | Segment | Q3 2024 Operating Profit (ZAR millions) | Q3 2023 Operating Profit (ZAR millions) | Change | | :--- | :--- | :--- | :--- | | Cartrack | 295 | 222 | +33% | | Karooooo Logistics | 7 | 2 | +250% | | Carzuka | (28) | (15) | Increased Loss | [Nine Months Ended November 30, 2023 Financial Overview](index=5&type=section&id=Nine%20Months%20Ended%20November%2030%2C%202023%20Financial%20Overview) For the first nine months of fiscal year 2024, Karooooo's revenue increased by 20% to ZAR 3,117 million, with operating profit rising 16% to a record ZAR 746 million - Net Cartrack subscriber additions for the nine-month period increased by **25%** to **191,115**[29](index=29&type=chunk) - Earnings per share for the nine-month period grew **17%** to **ZAR 17.04**[38](index=38&type=chunk) Karooooo Consolidated Financials YTD Q3 2024 | Metric | YTD Q3 2024 (ZAR thousands) | YTD Q3 2023 (ZAR thousands) | Y-o-Y Growth | | :--- | :--- | :--- | :--- | | Total Revenue | 3,117,143 | 2,590,712 | 20% | | Subscription Revenue | 2,600,643 | 2,215,602 | 17% | | Gross Profit | 1,974,387 | 1,682,189 | 17% | | Operating Profit | 746,266 | 644,750 | 16% | | Adjusted EBITDA | 1,227,262 | 1,064,642 | 15% | [Revenue Analysis](index=6&type=section&id=YTD%20Q3%202024%20Revenue%20Analysis) For the nine-month period, Cartrack's revenue grew 16% to ZAR 2,656 million, while Karooooo Logistics was a standout performer with revenue surging 82% to ZAR 224 million YTD Q3 2024 Revenue by Segment | Segment | YTD Q3 2024 Revenue (ZAR millions) | YTD Q3 2023 Revenue (ZAR millions) | Y-o-Y Growth | | :--- | :--- | :--- | :--- | | Cartrack | 2,656 | 2,280 | 16% | | Carzuka | 237 | 187 | 27% | | Karooooo Logistics | 224 | 123 | 82% | [Operating Expenses Analysis](index=6&type=section&id=YTD%20Q3%202024%20Operating%20Expenses%20Analysis) Group operating expenses increased by 18% to ZAR 1,237 million, reflecting planned investments in growth initiatives across all segments, including Cartrack, Karooooo Logistics, and Carzuka YTD Q3 2024 Operating Expenses by Segment | Segment | YTD Q3 2024 OpEx (ZAR millions) | YTD Q3 2023 OpEx (ZAR millions) | Y-o-Y Growth | | :--- | :--- | :--- | :--- | | Cartrack | 1,132 | 974 | 16% | | Carzuka | 55 | 43 | 28% | | Karooooo Logistics | 50 | 29 | 74% | [Profitability Analysis](index=6&type=section&id=YTD%20Q3%202024%20Profitability%20Analysis) For the nine-month period, Karooooo's operating profit grew 16% to a record ZAR 746 million, with Cartrack's operating profit increasing 17% to ZAR 780 million YTD Q3 2024 Operating Profit/(Loss) by Segment | Segment | YTD Q3 2024 Operating Profit (ZAR millions) | YTD Q3 2023 Operating Profit (ZAR millions) | Change | | :--- | :--- | :--- | :--- | | Cartrack | 780 | 667 | +17% | | Karooooo Logistics | 19 | 3 | +533% | | Carzuka | (53) | (25) | Increased Loss | [Operational and Strategic Review](index=7&type=section&id=Operational%20and%20Strategic%20Review) [Outlook](index=7&type=section&id=Outlook) Karooooo has reaffirmed its full-year 2024 guidance for its core Cartrack segment, demonstrating confidence in its continued growth trajectory and strong market position - The company believes it is well-positioned for growth due to operating in a growing and largely underpenetrated market with strong demand from diverse industries[44](index=44&type=chunk) Cartrack FY 2024 Guidance | Metric | Guidance Range | | :--- | :--- | | Number of Subscribers | 1,900,000 - 2,100,000 | | Subscription Revenue | ZAR 3,400 million - ZAR 3,600 million | | Operating Profit Margin | 28% - 31% | [Balance Sheet, Liquidity and Cash Flow](index=7&type=section&id=Balance%20Sheet%2C%20Liquidity%20and%20Cash%20Flow) The company maintains a strong financial position with a net cash and cash equivalents balance of ZAR 782 million as of November 30, 2023, even after paying a USD 26.3 million dividend and investing in a new central office - Reported a strong net cash and cash equivalents balance of **ZAR 782 million** at November 30, 2023[49](index=49&type=chunk) - Generated Free Cash Flow of **ZAR 162 million** for Q3 2024[51](index=51&type=chunk) - Property, plant and equipment increased to **ZAR 1,983 million**, partly due to a **ZAR 154 million** investment in a new South African central office[47](index=47&type=chunk) - The group has available bank facilities totaling **ZAR 1 billion** for growth initiatives[50](index=50&type=chunk) [Geographical Overview for Cartrack](index=8&type=section&id=Geographical%20Overview%20for%20Cartrack) Cartrack continues to experience broad-based growth across its key geographical regions, with South Africa, Asia Pacific, Middle East, US, and Europe all showing strong performance [South Africa](index=8&type=section&id=South%20Africa) In its primary market, Cartrack's subscriber base grew by 12% to over 1.44 million, with both subscription revenue and ARR in the region increasing by 13% - Subscribers increased **12%** to **1,446,754**, with subscription revenue growing **13%**[56](index=56&type=chunk) [Asia Pacific, Middle East and United States](index=9&type=section&id=Asia%20Pacific%2C%20Middle%20East%20and%20United%20States) This region demonstrated robust growth with a 26% increase in subscribers to 220,700 and a 33% rise in subscription revenue, highlighting Southeast Asia as a compelling long-term growth opportunity - Subscribers grew **26%** to **220,700**, and subscription revenue increased by **33%**[58](index=58&type=chunk) [Europe](index=9&type=section&id=Europe) The European segment saw a 15% increase in subscribers to 161,635, with subscription revenue growing by an impressive 32%, supported by partnerships with leading OEMs and demand for compliance technology - Subscribers increased **15%** to **161,635**, with subscription revenue growing **32%**[61](index=61&type=chunk) [Africa (excluding South Africa)](index=9&type=section&id=Africa%20%28excluding%20South%20Africa%29) In other African markets, Cartrack's subscribers grew by 8% to 79,103, with subscription revenue increasing by 6%, maintaining its role as a positive cash generator and strategic asset - Subscribers grew **8%** to **79,103**, and subscription revenue increased by **6%**[63](index=63&type=chunk) [Corporate Developments](index=9&type=section&id=Corporate%20Developments) A significant strategic decision was made in Q3 2024 to cease buying second-hand vehicles for the Carzuka platform in South Africa, aiming to avoid conflicts of interest and preserve relationships with motor dealerships - A decision was made to cease buying second-hand vehicles in South Africa through Carzuka to avoid business conflicts with motor dealerships, who are strategic partners for Cartrack[65](index=65&type=chunk) - Valuable components of Carzuka's platform will be integrated into Cartrack's fleet platform, and the platform will be offered to dealerships as a Software offering[66](index=66&type=chunk) [Corporate Policies](index=10&type=section&id=Corporate%20Policies) The company outlines its dividend policy, prioritizing reinvestment for growth while considering financial factors, and emphasizes its commitment to ethical conduct through comprehensive anti-bribery, corruption, and whistleblowing policies - The dividend policy prioritizes reinvestment for growth, with the Board determining payments based on earnings, free cash flow, and capital needs[68](index=68&type=chunk)[69](index=69&type=chunk) - The company maintains strict Anti-Bribery and Corruption, Code of Ethics, and Whistleblowing policies, providing annual training to all employees[72](index=72&type=chunk) [Consolidated Financial Statements (Unaudited)](index=12&type=section&id=Consolidated%20Financial%20Statements%20%28Unaudited%29) [Consolidated Statement of Profit and Loss](index=12&type=section&id=Consolidated%20Statement%20of%20Profit%20and%20Loss) This section presents the unaudited consolidated statement of profit and loss for the three and nine months ended November 30, 2023, detailing revenue, cost of sales, operating expenses, and profits, culminating in the earnings per share calculation Consolidated Profit and Loss Highlights | Metric | Three Months Ended Nov 30, 2023 (ZAR thousands) | Nine Months Ended Nov 30, 2023 (ZAR thousands) | | :--- | :--- | :--- | | Revenue | 1,080,143 | 3,117,143 | | Gross Profit | 687,311 | 1,974,387 | | Operating Profit | 274,706 | 746,266 | | Profit for the period | 199,332 | 539,493 | | Basic and diluted EPS (ZAR) | 6.34 | 17.04 | [Consolidated Statement of Financial Position](index=13&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) This section provides the unaudited consolidated balance sheet as of November 30, 2023, with comparative figures, detailing the company's assets, liabilities, and equity, showing an increase in total assets to ZAR 4.1 billion Key Balance Sheet Items (as of Nov 30, 2023) | Item | Amount (ZAR thousands) | | :--- | :--- | | Total Assets | 4,105,701 | | Total Liabilities | 1,334,893 | | Total Equity | 2,770,808 | | Cash and cash equivalents | 781,980 | [Condensed Consolidated Statement of Cash Flows](index=15&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) This statement details the cash inflows and outflows from operating, investing, and financing activities for the three and nine months ended November 30, 2023, highlighting a strong net cash flow from operating activities of ZAR 443 million for the quarter Cash Flow Summary | Metric | Three Months Ended Nov 30, 2023 (ZAR thousands) | Nine Months Ended Nov 30, 2023 (ZAR thousands) | | :--- | :--- | :--- | | Net cash flows from operating activities | 442,851 | 1,086,929 | | Net cash flows utilized by investing activities | (293,845) | (736,774) | | Net cash flows utilized by financing activities | (17,548) | (553,845) | [Reconciliations of Non-IFRS Measures](index=16&type=section&id=Reconciliations%20of%20Non-IFRS%20Measures) This section provides reconciliations for key non-IFRS financial measures used in the report, bridging them to the most directly comparable IFRS measures, including detailed calculations for Free Cash Flow and Adjusted EBITDA [Free Cash Flow Reconciliation](index=16&type=section&id=Free%20Cash%20Flow%20Reconciliation) The company reconciles Free Cash Flow by subtracting the purchase of property, plant, and equipment from net cash generated from operating activities, resulting in ZAR 162 million for Q3 2024 Free Cash Flow Calculation Q3 2024 | Item | Amount (ZAR thousands) | | :--- | :--- | | Net cash generated from operating activities | 442,851 | | Less: purchase of property, plant and equipment | (280,400) | | **Free Cash Flow** | **162,451** | [Adjusted EBITDA Reconciliation](index=17&type=section&id=Adjusted%20EBITDA%20Reconciliation) Adjusted EBITDA is reconciled from profit for the period by adding back taxes, net finance costs, depreciation, and amortization, resulting in ZAR 428 million for Q3 2024 with an Adjusted EBITDA margin of 40% Adjusted EBITDA Calculation Q3 2024 | Item | Amount (ZAR thousands) | | :--- | :--- | | Profit for the period | 199,332 | | Taxation | 79,327 | | Net Finance Costs/(Income) | (3,953) | | Depreciation and Amortization | 153,168 | | **Adjusted EBITDA** | **427,874** | [Supplementary Information](index=19&type=section&id=Supplementary%20Information) [Constant Currency (A Non-IFRS Measure)](index=19&type=section&id=Constant%20Currency%20%28A%20Non-IFRS%20Measure%29) This section provides a reconciliation of reported revenue figures to constant currency figures to illustrate the impact of foreign exchange rate fluctuations, showing slightly lower growth rates on a constant currency basis Q3 2024 Revenue Growth vs. Constant Currency Growth | Metric | Reported Growth | Constant Currency Growth | | :--- | :--- | :--- | | Subscription Revenue | 17% | 14% | | Total Revenue | 16% | 14% | [Definitions](index=20&type=section&id=Definitions) This section defines the key non-IFRS financial measures and business metrics used throughout the report, providing clarity on terms such as Adjusted EBITDA, Annualized Recurring Revenue (ARR), and Free Cash Flow - Provides definitions for key non-IFRS measures including Adjusted EBITDA, Adjusted EBITDA Margin, Annualized Recurring Revenue (SaaS ARR), and Free Cash Flow[102](index=102&type=chunk)[104](index=104&type=chunk)[108](index=108&type=chunk) - Explains the calculation of unit economics metrics such as Lifetime Value (LTV), Customer Acquisition Cost (CAC), Cost of Acquiring a Subscriber (CAS), and Cost of Servicing a Subscriber (CSS)[111](index=111&type=chunk)[112](index=112&type=chunk)[113](index=113&type=chunk)[114](index=114&type=chunk) [Disclaimers](index=22&type=section&id=Disclaimers) This final section contains standard legal disclaimers, including a forward-looking statements clause cautioning investors about potential differences in future results and a note on the use of non-IFRS financial measures - Contains a 'Forward-Looking Statements' section, warning that actual results may differ materially from projections due to various risks and uncertainties[116](index=116&type=chunk)[117](index=117&type=chunk) - Clarifies that the report includes non-IFRS financial measures for supplemental purposes, which should not be considered in isolation from IFRS measures[120](index=120&type=chunk)