Diluted HEPS 1 918cps, up 26.1% y-y.
Revenue improved by 27.7% y-y, driven by strong subscription revenue growth in South Africa (+15% y-y) and Asia Pacific, Middle East and USA (+40% y-y).
Total subscribers grew by 12.5% y-y to 1 717 077.
GPM decreased from 66.4% to 64.8%.
OPM declined by 40 bps to 25.1%.
Expenses increased by 24.3% y-y, expense to sales decreased by 110bps to 39.9%.
Final dividend of USD 0.85 declared. Interim dividend of USD 0.60 (ZAR 10.05) paid in August 2022.
Net cash improved by 34.5% y-y to R966m.
Gross debt declined by 33.8% y-y to R61m.
Strong revenue growth from Carzuka (+273% y-y) and Karooooo Logistics (Picup) (+327% y-y), with Karooooo Logistics achieving a positive OPM of 2.6%. Carzuka remains loss-making with an OPM of -15.1%.
