NASDAQ : KARO
Karooooo Ltd. — Financial statements
Technology · Software - Application · Singapore
Last price 65.66 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.03B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Karooooo Ltd. (KARO) reported revenue of 6.06B ZAR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year March - February; amounts in ZAR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 6.06B | 5.48B | 4.57B | 4.21B | 3.51B | 2.75B |
| Cost of Revenue | 1.98B | 1.75B | 1.36B | 1.51B | 1.23B | 922.56M |
| Gross Profit | 4.08B | 3.72B | 3.20B | 2.69B | 2.27B | 1.82B |
| Selling, General & Admin | 2.12B | 1.94B | 1.56B | 1.34B | 1.14B | 873.28M |
| Research & Development | 280.85M | 261.47M | 226.94M | 212.24M | 177.02M | 149.24M |
| Other Operating Expenses | -8.57M | -11.94M | -10.94M | -10.29M | -4.87M | -691.00K |
| Operating Expenses | 2.55B | 2.31B | 1.89B | 1.65B | 1.40B | 1.11B |
| Operating Income | 1.54B | 1.41B | 1.31B | 1.04B | 876.96M | 713.28M |
| Interest Expense | -102.52M | -77.26M | -50.28M | -13.86M | -9.29M | -12.33M |
| Interest & Investment Income | 29.98M | 34.48M | 44.17M | 39.42M | 23.25M | 6.08M |
| Other Non Operating Income (Expenses) | -113.00K | -12.29M | -15.70M | -2.35M | -1.78M | -506.00K |
| EBT Excluding Unusual Items | 1.46B | 1.36B | 1.29B | 1.06B | 889.15M | 706.52M |
| Impairment of Goodwill | -43.60M | |||||
| Gain (Loss) on Sale of Assets | 3.04M | 3.04M | -575.00K | 1.54M | 4.95M | 1.15M |
| Asset Writedown | -15.30M | |||||
| Other Unusual Items | -10.29M | |||||
| Pretax Income | 1.47B | 1.36B | 1.25B | 1.07B | 894.10M | 682.08M |
| Income Tax Expense | 382.61M | 348.54M | 309.81M | 311.55M | 285.30M | 205.48M |
| Earnings From Continuing Operations | 1.08B | 1.01B | 937.11M | 754.16M | 608.81M | 476.61M |
| Minority Interest in Earnings | -16.36M | -17.19M | -16.08M | -15.96M | -11.65M | -26.65M |
| Net Income | 1.07B | 993.92M | 921.03M | 738.19M | 597.15M | 449.95M |
| Net Income to Common | 1.07B | 993.92M | 921.03M | 738.19M | 597.15M | 449.95M |
| Shares Outstanding (Basic) | 30.89M | 30.89M | 30.89M | 30.95M | 30.95M | 29.53M |
| Shares Outstanding (Diluted) | 30.89M | 30.89M | 30.89M | 30.95M | 30.95M | 29.53M |
| EPS (Basic) | 34.55 | 32.17 | 29.81 | 23.85 | 19.29 | 15.24 |
| EPS (Diluted) | 34.55 | 32.17 | 29.81 | 23.85 | 19.29 | 15.24 |
| Free Cash Flow | 995.55M | 809.09M | 910.92M | 78.69M | 547.01M | 379.07M |
| Free Cash Flow Per Share | 32.23 | 26.19 | 29.48 | 2.54 | 17.67 | 12.84 |
| Dividend Per Share | 21.53 | 19.88 | 19.79 | 16.14 | 11.01 | |
| Gross Margin | 67.34% | 67.97% | 70.13% | 63.98% | 64.80% | 66.41% |
| Operating Margin | 25.33% | 25.77% | 28.74% | 24.75% | 25.01% | 25.97% |
| Profit Margin | 17.61% | 18.14% | 20.16% | 17.55% | 17.03% | 16.38% |
| Free Cash Flow Margin | 16.42% | 14.77% | 19.94% | 1.87% | 15.60% | 13.80% |
| EBITDA | 2.34B | 2.14B | 1.85B | 1.69B | 1.42B | 1.21B |
| EBITDA Margin | 38.62% | 39.03% | 40.56% | 40.16% | 40.54% | 44.09% |
| D&A For EBITDA | 805.41M | 726.73M | 539.57M | 648.14M | 544.93M | 497.36M |
| EBIT | 1.54B | 1.41B | 1.31B | 1.04B | 876.96M | 713.28M |
| EBIT Margin | 25.33% | 25.77% | 28.74% | 24.75% | 25.01% | 25.97% |
| Effective Tax Rate | 26.09% | 25.63% | 24.85% | 29.23% | 31.91% | 30.12% |
Balance sheet
Fiscal year March - February; amounts in ZAR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 648.51M | 1.15B | 1.04B | 459.53M | 965.79M | 731.75M |
| Cash & Short-Term Investments | 648.51M | 1.15B | 1.04B | 459.53M | 965.79M | 731.75M |
| Accounts Receivable | 854.78M | 459.50M | 461.83M | 985.40M | 336.20M | 333.89M |
| Other Receivables | 25.87M | 142.20M | 148.25M | 8.71M | 81.62M | 8.82M |
| Receivables | 880.65M | 601.70M | 610.08M | 994.11M | 417.82M | 342.70M |
| Inventory | 5.96M | 5.74M | 3.83M | 6.58M | 79.16M | 25.37M |
| Other Current Assets | 15.30M | |||||
| Total Current Assets | 1.54B | 1.76B | 1.66B | 1.46B | 1.46B | 1.12B |
| Property, Plant & Equipment | 3.74B | 3.15B | 2.51B | 2.03B | 1.59B | 1.39B |
| Goodwill | 166.99M | 167.31M | 174.96M | 227.38M | 212.48M | 186.38M |
| Other Intangible Assets | 88.59M | 10.33M | 10.09M | 11.51M | 17.34M | 17.29M |
| Long-Term Deferred Tax Assets | 145.98M | 133.32M | 121.75M | 81.90M | 60.92M | 58.38M |
| Long-Term Deferred Charges | 71.39M | 72.96M | 71.62M | 68.30M | 59.74M | |
| Other Long-Term Assets | 560.41M | 471.08M | 505.68M | 393.35M | 312.16M | 242.62M |
| Total Assets | 6.26B | 5.79B | 5.08B | 4.31B | 3.75B | 3.09B |
| Accounts Payable | 935.21M | 276.18M | 216.00M | 219.54M | 150.48M | 99.35M |
| Accrued Expenses | 272.08M | 212.11M | 197.38M | 166.35M | 146.09M | |
| Short-Term Debt | 714.77M | 407.75M | 205.44M | 24.29M | 647.00K | 15.86M |
| Current Portion of Long-Term Debt | 50.35M | 49.72M | 283.31M | 6.53M | 21.64M | 18.16M |
| Current Portion of Leases | 129.59M | 129.29M | 77.44M | 63.05M | 52.84M | 47.29M |
| Current Income Taxes Payable | 125.56M | 89.84M | 57.04M | 73.38M | 56.00M | 40.92M |
| Current Unearned Revenue | 429.58M | 405.61M | 357.78M | 325.85M | 283.68M | 218.15M |
| Other Current Liabilities | 37.57M | 42.72M | 30.42M | 57.80M | 38.31M | |
| Total Current Liabilities | 2.39B | 1.67B | 1.45B | 940.44M | 789.44M | 624.12M |
| Long-Term Debt | 373.80M | 398.93M | 31.64M | 41.65M | 38.30M | 71.19M |
| Long-Term Leases | 157.58M | 158.58M | 127.25M | 131.28M | 67.88M | 64.78M |
| Long-Term Unearned Revenue | 127.39M | 122.72M | 126.96M | 121.30M | 112.19M | 108.26M |
| Long-Term Deferred Tax Liabilities | 103.54M | 118.84M | 95.89M | 69.84M | 51.89M | 47.06M |
| Total Liabilities | 3.15B | 2.47B | 1.83B | 1.30B | 1.06B | 915.42M |
| Common Stock | 7.14B | 7.14B | 7.14B | 7.14B | 7.14B | 7.14B |
| Retained Earnings | 2.25B | 2.41B | 2.11B | 1.80B | 1.56B | 1.28B |
| Treasury Stock | -23.82M | |||||
| Comprehensive Income & Other | -6.32B | -6.27B | -6.05B | -5.96B | -6.05B | -6.27B |
| Total Common Equity | 3.07B | 3.28B | 3.20B | 2.96B | 2.66B | 2.15B |
| Minority Interest | 43.37M | 45.02M | 43.10M | 40.94M | 30.91M | 22.91M |
| Shareholders' Equity | 3.12B | 3.33B | 3.25B | 3.00B | 2.69B | 2.17B |
| Total Liabilities & Equity | 6.26B | 5.79B | 5.08B | 4.31B | 3.75B | 3.09B |
| Total Debt | 1.43B | 1.14B | 725.09M | 266.81M | 181.32M | 217.28M |
| Net Cash (Debt) | -777.58M | 9.60M | 317.80M | 192.72M | 784.47M | 514.46M |
| Net Cash Per Share | -25.17 | 0.31 | 10.29 | 6.23 | 25.35 | 17.42 |
| Filing Date Shares Outstanding | 30.89M | 30.89M | 30.89M | 30.90M | 30.95M | 30.95M |
| Total Common Shares Outstanding | 30.89M | 30.89M | 30.89M | 30.90M | 30.95M | 30.95M |
| Working Capital | -849.95M | 93.27M | 204.95M | 519.78M | 673.33M | 491.00M |
| Book Value Per Share | 99.48 | 106.24 | 103.66 | 95.84 | 85.97 | 69.51 |
| Tangible Book Value | 2.82B | 3.10B | 3.02B | 2.72B | 2.43B | 1.95B |
| Tangible Book Value Per Share | 91.20 | 100.49 | 97.67 | 88.11 | 78.55 | 62.92 |
| Land | 504.78M | 484.80M | 153.96M | 147.61M | 141.87M | |
| Machinery | 5.47B | 4.49B | 3.68B | 2.95B | 2.45B | |
| Construction In Progress | 147.21M | 152.25M | 397.38M | 278.94M | 142.57M |
Cash flow statement
Fiscal year March - February; amounts in ZAR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 1.07B | 993.92M | 921.03M | 738.19M | 597.15M | 449.95M |
| Depreciation & Amortization | 893.72M | 815.04M | 608.45M | 648.14M | 544.93M | 497.36M |
| Other Amortization | 194.23M | 194.23M | 154.33M | 83.16M | 64.71M | 79.87M |
| Loss (Gain) From Sale of Assets | -3.04M | -3.04M | 575.00K | -1.54M | -4.95M | -1.15M |
| Asset Writedown & Restructuring Costs | 43.60M | |||||
| Other Operating Activities | 121.68M | 74.79M | -10.46M | 26.43M | 40.00M | 29.29M |
| Change in Accounts Receivable | -6.13M | -6.13M | 384.67M | -551.23M | -62.83M | -52.05M |
| Change in Inventory | -1.91M | -1.91M | 2.75M | 72.74M | -53.79M | -25.37M |
| Change in Accounts Payable | 138.88M | 138.88M | 7.69M | 55.50M | 67.94M | -11.68M |
| Change in Unearned Revenue | 78.52M | 78.52M | 44.10M | 47.38M | 46.25M | 78.13M |
| Change in Other Net Operating Assets | -329.70M | -317.24M | -223.45M | -163.72M | -112.74M | -112.64M |
| Operating Cash Flow | 2.15B | 1.97B | 1.93B | 955.04M | 1.13B | 931.71M |
| Capital Expenditures | -1.16B | -1.16B | -1.02B | -876.35M | -579.66M | -552.63M |
| Sale of Property, Plant & Equipment | 5.68M | 5.68M | 4.47M | 2.88M | 10.50M | 4.84M |
| Cash Acquisitions | -5.10M | -66.61M | ||||
| Sale (Purchase) of Intangibles | -61.66M | -61.66M | -58.94M | -51.21M | -46.65M | -43.82M |
| Other Investing Activities | -447.22M | -500.00K | -2.40M | -6.40M | ||
| Investing Cash Flow | -1.66B | -1.21B | -1.08B | -932.19M | -622.21M | -658.22M |
| Short-Term Debt Issued | 85.00K | 52.00K | 342.00K | 315.00K | ||
| Long-Term Debt Issued | 211.93M | 289.52M | 502.00K | 110.00M | ||
| Total Debt Issued | 212.02M | 212.02M | 289.57M | 342.00K | 817.00K | 110.00M |
| Short-Term Debt Repaid | -138.00K | -738.00K | -52.00K | -1.94M | -845.00M | |
| Long-Term Debt Repaid | -193.37M | -100.97M | -69.91M | -87.65M | -148.91M | |
| Lease Payments | -117.59M | -117.59M | -77.63M | -57.89M | -56.62M | -47.20M |
| Total Debt Repaid | -193.50M | -193.50M | -101.70M | -69.96M | -89.59M | -993.91M |
| Net Debt Issued (Repaid) | 18.51M | 18.51M | 187.87M | -69.62M | -88.77M | -883.91M |
| Repurchase of Common Stock | -3.46M | -23.82M | ||||
| Common Dividends Paid | -693.63M | -693.63M | -612.42M | -499.52M | -331.25M | |
| Other Financing Activities | 133.48M | -31.97M | -15.24M | 1.22B | ||
| Financing Cash Flow | -541.63M | -707.09M | -443.26M | -592.95M | -420.03M | 334.97M |
| Foreign Exchange Rate Adjustments | -102.64M | -137.40M | -11.28M | 40.52M | 163.30M | 33.47M |
| Net Cash Flow | 255.75M | -91.38M | 401.42M | -529.59M | 247.72M | 641.93M |
| Free Cash Flow | 995.55M | 809.09M | 910.92M | 78.69M | 547.01M | 379.07M |
| Free Cash Flow Margin | 16.42% | 14.77% | 19.94% | 1.87% | 15.60% | 13.80% |
| Free Cash Flow Per Share | 32.23 | 26.19 | 29.48 | 2.54 | 17.67 | 12.84 |
| Levered Free Cash Flow | 1.08B | 825.76M | 896.48M | 74.21M | 583.51M | 1.32B |
| Unlevered Free Cash Flow | 1.14B | 874.05M | 927.90M | 82.87M | 589.32M | 1.33B |
| Free Cash Flow After Leases | 877.96M | 691.50M | 833.29M | 20.79M | 490.39M | 331.87M |
| Cash Interest Paid | 103.19M | 78.84M | 48.61M | 15.82M | 10.10M | 14.06M |
| Cash Income Tax Paid | 316.51M | 289.07M | 338.44M | 256.62M | 202.53M | |
| Change in Working Capital | -120.34M | -107.89M | 215.76M | -539.34M | -115.17M | -123.61M |
Ratios
Fiscal year March - February; amounts in ZAR.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.03B | 1.46B | 1.40B | 768.21M | 786.16M | 974.96M |
| Enterprise Value | 2.08B | 1.47B | 1.38B | 742.48M | 749.84M | 942.21M |
| Last Close Price | 65.66 | 46.13 | 43.07 | 22.92 | 22.65 | 27.43 |
| PE Ratio | 30.73 | 23.34 | 28.22 | 19.96 | 24.16 | 33.43 |
| Forward PE | 26.00 | 20.38 | 28.63 | 17.65 | 23.25 | 24.72 |
| PS Ratio | 5.39 | 4.24 | 5.69 | 3.50 | 4.11 | 5.48 |
| PB Ratio | 10.64 | 6.97 | 8.01 | 4.91 | 5.36 | 6.92 |
| P/TBV Ratio | 11.61 | 7.47 | 8.61 | 5.41 | 5.93 | 7.72 |
| P/FCF Ratio | 33.92 | 28.68 | 28.54 | 187.28 | 26.38 | 39.68 |
| P/OCF Ratio | 15.68 | 11.79 | 13.45 | 15.43 | 12.81 | 16.15 |
| PEG Ratio | 1.27 | 1.96 | 1.19 | 1.19 | 1.19 | 1.19 |
| EV/Sales Ratio | 5.52 | 4.25 | 5.62 | 3.39 | 3.92 | 5.29 |
| EV/EBITDA Ratio | 14.30 | 10.90 | 13.87 | 8.43 | 9.68 | 12.01 |
| EV/EBIT Ratio | 21.80 | 16.51 | 19.56 | 13.68 | 15.69 | 20.38 |
| EV/FCF Ratio | 34.72 | 28.80 | 28.20 | 181.01 | 25.16 | 38.35 |
| Debt / Equity Ratio | 0.46 | 0.34 | 0.22 | 0.09 | 0.07 | 0.10 |
| Debt / EBITDA Ratio | 0.59 | 0.51 | 0.38 | 0.16 | 0.13 | 0.18 |
| Debt / FCF Ratio | 1.43 | 1.41 | 0.80 | 3.39 | 0.33 | 0.57 |
| Net Debt / Equity Ratio | 0.25 | -0.00 | -0.10 | -0.06 | -0.29 | -0.24 |
| Net Debt / EBITDA Ratio | 0.33 | -0.00 | -0.17 | -0.11 | -0.55 | -0.42 |
| Net Debt / FCF Ratio | 0.78 | -0.01 | -0.35 | -2.45 | -1.43 | -1.36 |
| Asset Turnover | 1.08 | 1.01 | 0.97 | 1.04 | 1.02 | 0.92 |
| Inventory Turnover | 364.16 | 366.68 | 262.08 | 35.33 | 23.62 | |
| Quick Ratio | 0.64 | 1.05 | 1.14 | 1.55 | 1.75 | 1.72 |
| Current Ratio | 0.64 | 1.06 | 1.14 | 1.55 | 1.85 | 1.79 |
| Return on Equity (ROE) | 35.16% | 30.77% | 30.00% | 26.49% | 25.02% | 27.58% |
| Return on Assets (ROA) | 17.15% | 16.23% | 17.48% | 16.15% | 16.02% | 14.85% |
| Return on Invested Capital (ROIC) | 30.30% | 33.62% | 34.39% | 31.23% | 33.48% | 25.79% |
| Return on Capital Employed (ROCE) | 39.60% | 34.20% | 36.20% | 30.90% | 29.60% | 28.90% |
| Earnings Yield | 3.25% | 4.28% | 3.54% | 5.01% | 4.14% | 2.99% |
| FCF Yield | 2.95% | 3.49% | 3.50% | 0.53% | 3.79% | 2.52% |
| Dividend Yield | 2.28% | 2.65% | 2.35% | 3.38% | 2.36% | |
| Payout Ratio | 70.01% | 69.79% | 66.49% | 67.67% | 55.47% | |
| Buyback Yield / Dilution | 0.01% | 0.17% | 0.01% | -4.82% | -45.22% | |
| Total Shareholder Return | 2.28% | 2.65% | 2.53% | 3.39% | -2.46% | -45.22% |