Karooooo (KARO) financial statements

Technology · Software - Application · Market cap $1.8B

Karooooo reported revenue of 4.6B ZAR in fiscal 2025, up 18.0% a year over 6 years.

Net income was 921M ZAR and the operating margin 28.7%, against 29.5% in 2019.

Free cash flow was 911M ZAR, and the company returned 612M ZAR in dividends and 3M ZAR in net buybacks.

The diluted share count fell 100% over the period (buybacks).

Revenue and free cash flow

Fiscal years, $ billions (ZAR).

02462019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in ZAR, from Karooooo's 10-K filings with the SEC.

Fiscal year2019202020212022202320242025
Revenue1.7B ZAR1.9B ZAR2.3B ZAR2.7B ZAR3.5B ZAR4.2B ZAR4.6B ZAR
Cost of revenue485M ZAR575M ZAR671M ZAR923M ZAR1.2B ZAR1.5B ZAR1.4B ZAR
Gross profit1.2B ZAR1.4B ZAR1.6B ZAR1.8B ZAR2.3B ZAR2.7B ZAR3.2B ZAR
Research and development48M ZAR45M ZAR100M ZAR149M ZAR177M ZAR212M ZAR227M ZAR
Selling, general and admin444M ZAR460M ZAR477M ZAR555M ZAR705M ZAR838M ZAR945M ZAR
Operating income500M ZAR631M ZAR727M ZAR699M ZAR882M ZAR1.0B ZAR1.3B ZAR
Interest expense31M ZAR17M ZAR9M ZAR12M ZAR10M ZAR16M ZAR51M ZAR
Pre-tax income471M ZAR617M ZAR696M ZAR682M ZAR894M ZAR1.1B ZAR1.2B ZAR
Income tax110M ZAR173M ZAR199M ZAR205M ZAR285M ZAR312M ZAR310M ZAR
Net income237M ZAR290M ZAR318M ZAR450M ZAR597M ZAR738M ZAR921M ZAR
EPS (diluted)——15.65 ZAR15.24 ZAR19.29 ZAR23.85 ZAR29.81 ZAR
Diluted shares20.33B20.33B20.33B30M31M31M31M
Gross margin71.4%70.4%70.7%66.4%64.8%64.0%70.1%
Operating margin29.5%32.5%31.7%25.5%25.1%24.8%28.7%
Net margin14.0%14.9%13.9%16.4%17.0%17.6%20.2%

Balance sheet

Fiscal years, in ZAR, from Karooooo's 10-K filings with the SEC.

Fiscal year2019202020212022202320242025
Cash and short-term investments——76M ZAR718M ZAR966M ZAR460M ZAR1.0B ZAR
Receivables—252M ZAR324M ZAR334M ZAR409M ZAR985M ZAR597M ZAR
Inventory—152M ZAR—25M ZAR79M ZAR7M ZAR4M ZAR
Total current assets—567M ZAR1.3B ZAR1.1B ZAR1.5B ZAR1.5B ZAR1.7B ZAR
Property, plant and equipment—855M ZAR1.1B ZAR1.4B ZAR1.6B ZAR2.0B ZAR2.5B ZAR
Goodwill—132M ZAR124M ZAR186M ZAR212M ZAR227M ZAR175M ZAR
Total assets—1.8B ZAR2.9B ZAR3.1B ZAR3.8B ZAR4.3B ZAR5.1B ZAR
Total current liabilities—407M ZAR1.4B ZAR624M ZAR789M ZAR940M ZAR1.5B ZAR
Long-term debt—————42M ZAR32M ZAR
Total liabilities—620M ZAR1.6B ZAR915M ZAR1.1B ZAR1.3B ZAR1.8B ZAR
Shareholders' equity838M ZAR878M ZAR855M ZAR2.2B ZAR2.7B ZAR3.0B ZAR3.2B ZAR
Net debt——-76M ZAR-718M ZAR-966M ZAR-418M ZAR-1.0B ZAR

Cash flow

Fiscal years, in ZAR, from Karooooo's 10-K filings with the SEC.

Fiscal year2019202020212022202320242025
Operating cash flow472M ZAR901M ZAR938M ZAR932M ZAR1.1B ZAR955M ZAR1.9B ZAR
Capital spending422M ZAR389M ZAR478M ZAR553M ZAR580M ZAR876M ZAR1.0B ZAR
Free cash flow50M ZAR513M ZAR460M ZAR379M ZAR547M ZAR79M ZAR911M ZAR
Dividends paid149M ZAR92M ZAR418M ZAR7M ZAR331M ZAR500M ZAR612M ZAR
Share buybacks (net)—————-24M ZAR-3M ZAR
Net borrowing239M ZAR-218M ZAR811M ZAR63M ZAR-56M ZAR-58M ZAR212M ZAR
Free cash flow margin3.0%26.4%20.1%13.8%15.6%1.9%19.9%
Dividends per share0.01 ZAR0.00 ZAR0.02 ZAR0.23 ZAR10.70 ZAR16.14 ZAR19.82 ZAR
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Questions

What was Karooooo's revenue in 2025?

4.6B ZAR in fiscal 2025, from its 10-K filing.

How much free cash flow does Karooooo generate?

911M ZAR in fiscal 2025 (operating cash flow minus capital spending).

From Karooooo's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.