South African Billionaire Zak Calisto's Karooooo To Pay 38.6 Million Dividend To Shareholders

Payout of 1.25 per share underscores the companys commitment to rewarding investors amid rising subscription and logistics revenue.

Subscription revenue rose 18.55 to R1.14 billion 64.8 million, driven by Cartracks expanding global subscriber base across 23 active markets.

Karooooos total assets rose 17.26, reflecting global expansion and strong profit reserves behind its dividend strategy.

Karooooo Limited, the Singapore-based mobility platform led by South African billionaire Zak Calisto, has approved an interim dividend of 38.6 million, extending its shareholder reward strategy as subscription and logistics revenues soar in early FY 2026.

The 38.62 million dividend , set at R22.38 1.25 per share, highlights the Nasdaq- and JSE-listed firms drive as it pivots toward scaling global mobility insights through its Cartrack platform and expanding Southeast Asian footprint.

The dividend, which amounts to R691.51 million 38.6 million based on an exchange rate of R17.91 to the dollar, will be paid out from the companys profit reserves. It will be treated as a foreign dividend for South African shareholders. Investors on the JSE will receive their payout on August 18, while those on the Nasdaq will be paid on August 22. The record date is August 15.

The dividend announcement follows a strong start to Karooooos 2026 financial year. In the first quarter, total revenue rose 18.02 percent from a year earlier to R1.28 billion 72.7 million, led by solid growth in its core Cartrack business and expanding logistics operations.

Cartrack, the companys main source of income, grew subscription revenue by 18.55 percent to R1.14 billion 64.8 million, supported by a 17 percent jump in its subscriber base, which now exceeds 2.38 million users.