Diluted HEPS increased by 2.9% y-y to R32.10 (FY25: R31.19).
Revenue increased by 20.0% y-y to R5 479m, driven by 20% y-y subscription revenue growth in South Africa to R3 468m.
Strong revenue growth from Cartrack (+19.1% y-y) and Karooooo Logistics (+28.5% y-y).
Total subscribers grew by 15.6% y-y to 2 662 222, with double-digit growth in SA (+15.5% y-y), Europe (+13.8% y-y) and Asia-Pacific, Middle East and USA (+22.6% y-y). Subscriber growth in Africa-Other was weak at 1.2% y-y but recovered from the first half subscriber decline.
GPM decreased from 70.1% to 68.0%.
OPM declined from 28.7% to 25.8%
Expenses increased by 22.3% y-y, with expense-to-sales increasing from 41.6% to 42.4%.
Dividend of R47.13 ($2.75).
Cash from operating activities increased by 1.7% y-y to R1 967m.
Gross debt increased by 42.4% y-y to R449m. The increase was primarily due to a R192m increase in term loans for operational requirements.