
The Group&#39;s inclusion highlights growth delivered from one of the highest revenue bases on the list, underpinned by Cartrack&#39;s operational intelligence platform and expansive global operations


Karooooo Ltd.

<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<i xmlns="http://www.w3.org/1999/xhtml">The Group's inclusion highlights growth delivered from one of the highest revenue bases on the list, underpinned by Cartrack's operational intelligence platform and expansive global operations</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Karooooo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/KARO">KARO</a>), the global provider of mobility and operational intelligence solutions and parent company of Cartrack, today announced that it earned a place on <i xmlns="http://www.w3.org/1999/xhtml">Singapore's Fastest-Growing Companies 2026</i>, an annual ranking compiled by global research firm Statista, in collaboration with The Straits Times, Singapore's leading newspaper.

</p><p xmlns="http://www.w3.org/1999/xhtml" id="news-body-cta">This press release features multimedia. View the full release here: <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260204509822/en/" rel="nofollow">https://www.businesswire.com/news/home/20260204509822/en/</a></p><div xmlns="http://www.w3.org/1999/xhtml" id="bwbodyimg" style="width: 480px; float:left; padding-left:0px; padding-right:20px; padding-top:0px; padding-bottom:0px;"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mms.businesswire.com/media/20260204509822/en/2711473/4/PR_Image_3.jpg" alt="Karooooo has been recognised among Singapore's fastest-growing companies."></img><p xmlns="http://www.w3.org/1999/xhtml" style="font-size:85%;">Karooooo has been recognised among Singapore's fastest-growing companies.</p></div><p xmlns="http://www.w3.org/1999/xhtml">
The list recognises 100 companies headquartered in Singapore that have achieved strong revenue growth over the past three years, across sectors ranging from technology and fintech to logistics and industrial services.

</p><p xmlns="http://www.w3.org/1999/xhtml">
While the ranking is based on revenue growth rates, Karooooo's inclusion is particularly notable given its scale. Of the 100 companies recognised, only 16 recorded revenue above SGD 100 million in 2024, with Karooooo achieving SGD 334.6 million. This distinction highlights Karooooo's ability to deliver strong growth while operating at scale, a key differentiator in a list largely populated by smaller, earlier-stage companies.

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This context underscores Karooooo's operational discipline and execution excellence across markets, strong customer value proposition, and attractive financial profile that combines healthy growth with robust profitability.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Karooooo's strong financial and operational performance is underpinned by Cartrack, largest operating subsidiary, which empowers businesses to conquer operations including fleet maintenance, fuel management and asset utilization, workforce management, logistics, safety including AI Video, compliance, risk and environmental impact. Through its platform, Cartrack transforms real-world operational data into actionable insights that enable businesses to improve efficiency, safety, compliance, and decision-making.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Today, Cartrack serves customers across more than 20 countries, supporting millions of connected vehicles and assets globally. Its focus on practical, intelligence-driven solutions has enabled consistent, repeatable growth across both developed and emerging markets.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Growth at scale requires discipline, resilience, and a clear value proposition," said Zak Calisto, Group Chief Executive Officer of Karooooo. "Recognition as one of Singapore's fastest-growing companies reflects our ability to deliver sustained growth from a significant revenue base, driven by our culture of execution excellence and long-term customer trust in our technology."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Karooooo's inclusion in the <i xmlns="http://www.w3.org/1999/xhtml">Singapore's Fastest-Growing Companies 2026</i> ranking reinforces its position as a global technology company delivering durable and profitable growth through operational intelligence that translates into measurable business outcomes for millions of customers.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260204509822r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260204509822/en/" rel="nofollow">https://www.businesswire.com/news/home/20260204509822/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@karooooo.com" shape="rect">media@karooooo.com</a>

</p>

KARO

Karooooo Recognised Among Singapore's Fastest-Growing Companies, Reflecting Sustained Growth at Scale

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>The Group&amp;#39;s inclusion highlights growth delivered from one of the highest revenue bases on the list, underpinned by Cartrack&amp;#39;s operational intelligence platform and expansive global operations


Karooooo Ltd.</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Karooooo Ltd. has been recognized in Singapore&#039;s Fastest-Growing Companies 2026, highlighting a strong revenue of SGD 334.6 million. This accolade underscores the company&#039;s operational excellence and customer trust, which are essential for continued growth and market competitiveness.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Karooooo ranks among Singapore&#039;s Fastest-Growing Companies 2026.</li><li>Only 16 companies exceeded SGD 100 million in revenue; Karooooo reported SGD 334.6 million.</li><li>The ranking reflects consistent growth supported by its operational intelligence platform.</li><li>Karooooo&#039;s success emphasizes execution excellence and customer trust.</li><li>Cartrack, its subsidiary, drives substantial operational efficiencies across global markets.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Cartrack (N/A)</strong>: Subsidiary driving operational efficiencies and significant revenue.</li><li><strong>Statista (N/A)</strong>: Research firm behind the Fastest-Growing Companies ranking.</li><li><strong>The Straits Times (N/A)</strong>: Media partner for the ranking, enhancing visibility.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This falls under &#039;Corporate Developments&#039; as Karooooo demonstrates strong revenue growth, enhancing its competitive positioning in the tech industry. This recognition could lead to further business opportunities and partnerships.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>KARO&#039;s recognition may attract investor interest, increasing demand for shares.</li><li>Positive revenue performance could lead to upward revisions of earnings forecasts.</li><li>Any subsequent announcements of partnerships could amplify growth for Karooooo.</li><li>Overall market conditions in tech may affect investor sentiment towards KARO.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Karooooo reported revenue of SGD 334.6 million in 2024.</li><li>The company operates Cartrack, serving customers in over 20 countries.</li><li>It ranks among 100 fastest-growing Singapore companies per Statista.</li><li>The list includes companies achieving strong growth over the last three years.</li><li>Karooooo highlights operational intelligence as a key growth driver.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Buy KARO; strong growth recognition should drive positive sentiment and stock appreciation in the short term.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<i xmlns="http://www.w3.org/1999/xhtml">The Group's inclusion highlights growth delivered from one of the highest revenue bases on the list, underpinned by Cartrack's operational intelligence platform and expansive global operations</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Karooooo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/KARO">KARO</a>), the global provider of mobility and operational intelligence solutions and parent company of Cartrack, today announced that it earned a place on <i xmlns="http://www.w3.org/1999/xhtml">Singapore's Fastest-Growing Companies 2026</i>, an annual ranking compiled by global research firm Statista, in collaboration with The Straits Times, Singapore's leading newspaper.

</p><p xmlns="http://www.w3.org/1999/xhtml" id="news-body-cta">This press release features multimedia. View the full release here: <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260204509822/en/" rel="nofollow">https://www.businesswire.com/news/home/20260204509822/en/</a></p><div xmlns="http://www.w3.org/1999/xhtml" id="bwbodyimg" style="width: 480px; float:left; padding-left:0px; padding-right:20px; padding-top:0px; padding-bottom:0px;"><img xmlns="http://www.w3.org/1999/xhtml" src="https://mms.businesswire.com/media/20260204509822/en/2711473/4/PR_Image_3.jpg" alt="Karooooo has been recognised among Singapore's fastest-growing companies."></img><p xmlns="http://www.w3.org/1999/xhtml" style="font-size:85%;">Karooooo has been recognised among Singapore's fastest-growing companies.</p></div><p xmlns="http://www.w3.org/1999/xhtml">
The list recognises 100 companies headquartered in Singapore that have achieved strong revenue growth over the past three years, across sectors ranging from technology and fintech to logistics and industrial services.

</p><p xmlns="http://www.w3.org/1999/xhtml">
While the ranking is based on revenue growth rates, Karooooo's inclusion is particularly notable given its scale. Of the 100 companies recognised, only 16 recorded revenue above SGD 100 million in 2024, with Karooooo achieving SGD 334.6 million. This distinction highlights Karooooo's ability to deliver strong growth while operating at scale, a key differentiator in a list largely populated by smaller, earlier-stage companies.

</p><p xmlns="http://www.w3.org/1999/xhtml">
This context underscores Karooooo's operational discipline and execution excellence across markets, strong customer value proposition, and attractive financial profile that combines healthy growth with robust profitability.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Karooooo's strong financial and operational performance is underpinned by Cartrack, largest operating subsidiary, which empowers businesses to conquer operations including fleet maintenance, fuel management and asset utilization, workforce management, logistics, safety including AI Video, compliance, risk and environmental impact. Through its platform, Cartrack transforms real-world operational data into actionable insights that enable businesses to improve efficiency, safety, compliance, and decision-making.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Today, Cartrack serves customers across more than 20 countries, supporting millions of connected vehicles and assets globally. Its focus on practical, intelligence-driven solutions has enabled consistent, repeatable growth across both developed and emerging markets.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Growth at scale requires discipline, resilience, and a clear value proposition," said Zak Calisto, Group Chief Executive Officer of Karooooo. "Recognition as one of Singapore's fastest-growing companies reflects our ability to deliver sustained growth from a significant revenue base, driven by our culture of execution excellence and long-term customer trust in our technology."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Karooooo's inclusion in the <i xmlns="http://www.w3.org/1999/xhtml">Singapore's Fastest-Growing Companies 2026</i> ranking reinforces its position as a global technology company delivering durable and profitable growth through operational intelligence that translates into measurable business outcomes for millions of customers.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260204509822r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260204509822/en/" rel="nofollow">https://www.businesswire.com/news/home/20260204509822/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@karooooo.com" shape="rect">media@karooooo.com</a>

</p>

Karooooo Ltd. has been recognized in Singapore's Fastest-Growing Companies 2026, highlighting a strong revenue of SGD 334.6 million. This accolade underscores the company's operational excellence and customer trust, which are essential for continued growth and market competitiveness.

News insight

Karooooo Recognised Among Singapore's Fastest-Growing Companies, Reflecting Sustained Growth at Scale

AI summary

Sentiment rationale

Key facts

Corporate Developments