Q3 2026 Earnings Presentation January 21, 2026 1 Today's Presenters Zak Calisto Group CEO & Founder Goy Hoeshin Group CFO All information provided in this presentation is as of the date of this presentation, and we do not undertake any duty to update such information, except as required under applicable law. Non-IFRS Financial Measures This presentation includes certain non-IFRS financial measures, including ARR, ARPU, adjusted EBITDA, adjusted EBITDA margin, adjusted free cash flow and adjusted EPS. These ...

Q2 2026 Financial Highlights - Cartrack's Annual Recurring Revenue (ARR) grew by 20% year-over-year to ZAR 4,806 million[38] - Subscription revenue increased by 20% year-over-year[43] - Operating profit margin remained robust at 29%[40] - Adjusted Earnings Per Share (EPS) increased by 13% year-over-year[60] - Karooooo Logistics revenue reached ZAR 139 million in Q2 2026, a 38% increase year-over-year[50] Subscriber Growth - Total subscribers increased by 15% year-over-year to approximately 2.5 million[43] - Asia subscriber growth was healthy at 21% year-over-year[43] - Net subscriber additions totaled 71,000[43] Regional Performance - South Africa subscription revenue grew by 18%[43] - Europe subscription revenue grew by 27%[43] - 71% of Cartrack's subscription revenue comes from South Africa[76] Financial Strength - The company maintains a strong and unleveraged balance sheet with net cash and cash equivalents of ZAR 393 million as of August 31, 2025[42] - The company paid a total cash dividend of USD 386 million or USD 125 per share to shareholders in August 2025[84]

Financial Highlights - Karooooo's Annual Recurring Revenue (ARR) increased by 18% year-over-year to ZAR 4,574 million[21,44] - In USD terms, ARR growth accelerated to 24% year-over-year reaching USD 254 million[21,44] - Cartrack subscription revenue grew by 19% year-over-year in ZAR[29,45] - Cartrack subscription revenue grew by 24% year-over-year in USD[29,45] - Karooooo's Earnings Per Share (EPS) increased by 19% year-over-year to ZAR 855[33,46] Subscriber Growth - Cartrack subscribers increased by 17% year-over-year reaching approximately 24 million[19,21,45] - Asia subscriber growth accelerated to 22% year-over-year[45,51] - Net subscriber additions of 84K were a record for Q1[45,72] Regional Performance - South Africa's Cartrack subscriber growth was 16% year-over-year[50] - Southeast Asia's Cartrack subscriber growth was 22% year-over-year[51] - Europe's Cartrack subscriber growth was 20% year-over-year[52] Karooooo Logistics (Delivery-as-a-Service) - Karooooo Logistics delivered revenue of ZAR 121 million in Q1 2026, a 20% year-over-year increase[29,54,55] - Karooooo Logistics delivered an 8% operating profit margin in Q1 2026[29,54]