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Karooooo posted record subscription revenue and adjusted EPS in FY2026, with Cartrack South Africa accelerating to 23% ARR growth and a 20% dividend increase declared.
Cartrack, the vehicle tracking company founded by billionaire Zak Calisto, has agreed to pay a R5 million fine and refund over R5.1 million to customers.
Cartrack has crossed two million active subscribers in South Africa, a milestone for billionaire Zak Calisto's global tracking giant.
South Africa's Competition Commission has backed Zak Calisto's bid to take joint control of King Price Insurance without conditions.
Karooooo Says Cartrack Growth Picked Up in Q3 as Recurring Revenue Jumps and Subscriber Adds Hit Record
Zak Calisto’s Karooooo stake rises to $1.17 billion, gaining $115 million as SaaS growth drives revenue and user expansion across 23 countries.
Karooooo’s FY 2025 revenue hit $249.87 million, driven by subscription growth and global expansion, reaffirming its role as a leader in mobility solutions.
Karooooo shares surge adding millions to South African tech mogul's wealth
This follows a $107.76 million decline recorded between Oct. 14 and Nov. 6, pushing his stake further below the $1 billion mark.
Year-to-date, Karooooo shares are up 48.27%, offering substantial returns to shareholders, exemplifying robust market performance.
Despite this setback, Calisto remains one of Africa’s leading tech entrepreneurs, underscoring Karooooo’s continued prominence in smart transportation management.
Under Calisto’s leadership, the company has become a leading provider of intelligent transportation management and analytics.
Calisto’s stake has increased by $25.49 million from $579.68 million on March 15 to $605.17 million at the time of drafting this report.