Karooooo Limited reported strong financial results for the third quarter of fiscal year 2025, which concluded on November 30, 2024. The company's subscription revenue increased 14% year-over-year to ZAR1,032 million, while operating profit grew 18% to ZAR325 million. Adjusted earnings per share (EPS) also saw a healthy increase of 21% to ZAR7.67.
The Cartrack segment continued its strong performance, with subscription revenue rising 14% to ZAR1,029 million and net subscriber additions reaching 86,617 during the quarter, bringing the total to over 2.2 million, a 17% year-over-year increase. Karooooo Logistics also demonstrated solid growth, with revenue increasing 20% to ZAR109 million. The company has now settled into its newly built central office in South Africa, which is expected to support organic growth.
A notable development in Q3 was the introduction of fuel validation software, designed to mitigate fraudulent transactions by uncovering multiple swipes, duplicate errors, and incorrect fuel allocation. This solution expands Karooooo's value proposition by helping customers achieve greater operational efficiency and cost savings. The company reaffirmed its previous financial outlook for fiscal year 2025, signaling confidence in its ongoing performance.
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