Karooooo’s revenue grew 20% to $139 million, while subscription revenue, which accounts for 98% of its income, rose 19% to $123 million. The group’s subscriber base expanded 15% to 2.4 million customers, reflecting strong demand across its African and international markets.
Despite rising costs, Calisto said the company remains “firmly positioned for growth,” emphasising that the business operates in “an expanding and largely underpenetrated market fueled by strong customer demand.”
“This demand is driven by a heightened focus on digitisation, the need to improve operational efficiency, reduce costs, and increase safety in physical operations,” he added.
“Our proven and profitable business model, underpinned by a strong balance sheet and healthy cash position, gives us multiple levers for expansion.”
Zak Calisto joins Africa’s billionaire club after $75 million share sale
In June 2025, Calisto sold 1.5 million ordinary shares in Karooooo for $75 million, trimming his direct ownership from 65% to 58%.
Looking ahead, Karooooo said it will continue investing in AI-driven platforms and digital mobility tools to sustain growth and profitability.
“We believe our continuous investment in AI products and customer experience will generate robust results in the future,” Calisto said.
