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

SINGAPORE--(BUSINESS WIRE)--Karooooo Ltd. (NASDAQ: KARO), the global provider of mobility and operational intelligence solutions and parent company of Cartrack, today announced that it earned a place on Singapore’s Fastest-Growing Companies 2026, an annual ranking compiled by global research firm Statista, in collaboration with The Straits Times, Singapore’s leading newspaper.

“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."

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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.

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.

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.

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.

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.

“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.”

Karooooo’s inclusion in the Singapore’s Fastest-Growing Companies 2026 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.