Karooooo Ltd. (KARO) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Kourou's fourth quarter and full year fiscal 2026 financial results presentation. On behalf of Kourou, we would like to thank you for joining us today. I'm Paul Weber, VP of Investor Relations and Strategic Finance. We are joined today by Zach Kalisto, Founder and Group CEO, Ocean Goy, Chief Financial Officer, and Carmen Kalisto, Chief Strategy and Marketing Officer. I would like to remind everyone that some of the statements that we make today regarding our business, operations, and financial performance may be considered forward-looking. Such statements are based on current expectations and assumptions. They are subject to several risks and uncertainties. Our actual results could differ materially. Please refer to the Safe Harvest Statement in our Form 20F, including the risk factors and the 6K that we filed yesterday. We undertake no obligation to update any forward-looking statements. During this call, we will present both IFRS and non-IFRS financial measures. The reconciliation of non-IFRS to IFRS measures is included in the 6K that we filed with the SEC yesterday. Our comments may refer to year-over-year comparisons unless we state otherwise. I will now pass the call over to Carmen. Thanks, Paul. Welcome to Carew's fourth quarter and full year fiscal 2026 financial results presentation. As planned, FY26 marked another year of disciplined execution with contract subscription revenue growth accelerating to 19%, up from 15% in the prior year, despite foreign exchange headwinds resulting from the appreciation of the ZAR. Annual recurring revenue, or ARR, increased 18%, to $5,179 million and 38% to $325 million. Notably, momentum in our most mature markets of Africa strengthened meaningfully with ARR growth exiting the year in February at 23%, r...