Karooooo Adj. EPS Increased 31% YoY To ZAR7.35

Financial and operational highlights include:

• Karooooo subscribers increased 17% Y/Y to 2.14 million
• Cartrack net subscriber additions increased 18% Y/Y to a record 89,168
• Cartrack gross margin improved approximately 300bps Y/Y to 74%
• Karooooo adjusted earnings per share increased 31% Y/Y to a record ZAR7.35
• Raising FY25 outlook for subscribers and Cartrack subscription revenue at midpoint