Karooooo reported 249.87 million in revenue for FY 2025, an 8.61 increase, with strong momentum driven by its Cartrack subscription growth across multiple regions.
Subscription revenue surged 15 to 222.55 million, with Cartrack contributing significantly, reinforcing Karooooos scalable and recurring revenue model.
With operations in 23 countries and 2.6 million users, Karooooo continues to expand its intelligent mobility platform under CEO Zak Calistos strategic leadership.
Karooooo Limited, a Singapore-based mobility platform led by South African businessman Zak Calisto, delivered robust financial results for the fiscal year ending February 28, 2025, reinforcing its global leadership in physical operations management and fleet telematics.
Sustaining its momentum in the mobility and logistics sector, the companys revenue grew by 8.61 percent, reaching R4.57 billion 249.87 million, compared to R4.21 billion 229.96 million in the 2024 fiscal year, according to recently published financial results for its full year ended February 28, 2025.
Subscription revenue surgesThe surge in revenue can be attributed to a 15-percent growth in subscription revenue, which rose from R3.54 billion 193.18 million in full-year 2024 to R4.07 billion 222.55 million in 2025, primarily driven by Cartracks subscription revenue which grew by 15 percent to R4.06 billion 221.82 million from R3.52 billion 192.65 million in the corresponding year as Cartrack continues to build on its strong track record of growing at scale.
Zak Calisto, CEO and founder of Karooooo, reaffirmed his optimism about the companys growth trajectory, saying: We continue to simplify decision-making for physical operations, empowering customers to optimize efficiency, safety, and compliance. The demand for digitalization in operational environments is only accelerating, and Karooooo is well positioned to meet it.
With a solid balance sheet, healthy cash reserves, and a proven ability to execute at scale, we are confident in our ability to deliver durable growth. Our investments in AI, platform innovation, and customer experience are key drivers of our long-term success, added Calisto, one of South Africas wealthiest entrepreneurs.