Karooooo Ltd. (KARO) UBS Global Technology and AI Conference 2025 December 3, 2025 6:15 PM EST
Company Participants
Richard J. Schubert – Chief Operating Officer
Paul Bieber – Vice President of Investor Relations & Strategic Finance
Conference Call Participants
Claire Gerdes – UBS Investment Bank, Research Division
Presentation
Claire Gerdes
UBS Investment Bank, Research Division
All right. Welcome, everyone. We’re approaching the end of day 3. I hope you’ve been enjoying the conference. I’m Claire Gerdes. I’m one of the analysts on our software team. And with me today from Karooooo are Richard Schubert, the COO; and Paul Bieber, the Vice President of Investor Relations and Strategic Finance. So thank you both for being here.
Richard J. Schubert
Chief Operating Officer
Thanks for having us.
Paul Bieber
Vice President of Investor Relations & Strategic Finance
Thank you.
Question-and-Answer Session
Claire Gerdes
UBS Investment Bank, Research Division
Of course. Well, maybe to start, for those in the audience who are a little less familiar with Karooooo, maybe you can give just a brief introduction on the company.
Richard J. Schubert
Chief Operating Officer
Okay. Thank you, Claire. Thanks for hosting us. So we operate Cartrack, which is a software SaaS platform, really focusing on the telematics, fleet management, AI, vision and various logistics industries. At this point in time, we have 2.5 million subscribers across 24 countries. Within the last quarter, we had a very good healthy 20% subscription revenue growth, revenue of a 29% operating profit. We’re a founder-led company with a strong track record of execution, specifically with very disciplined capital allocation as well as good free cash flow generation.
Claire Gerdes
UBS Investment Bank, Research Division
Great. And since many investors might be familiar with Samsara in the U.S., maybe you can give us just kind of some of the similarities and
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