Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 206

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 19
Chunk 206
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 motor dealerships across South Africa during these periods, who perceived Carzuka’s business interests        
  to conflict with their business interests and Cartrack does not want to risk the long-standing strategic relationships that Cartrack has    
  forged with motor dealerships across South Africa.                                                                                          
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

There are many components within the Carzuka’s
platform that had been built and developed and will continue to provide value to the existing Cartrack fleet platform. With effect from
financial year 2025, Carzuka has changed the focus of its operations such that the nature of the underlying services offered now aligns
with Cartrack's broader operations and has been integrated into that segment accordingly.

F-24

The CODM monitors the operating results
of its business units separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance
is evaluated based on operating profit or loss which in certain respects, as explained in the table below, is measured differently from
operating profit or loss in the consolidated financial statements.

The segment information provided to
the Group CEO, for the reportable segments for the financial year ended February 28, 2025, February 29, 2024 and February 28, 2023 as
follows

  Figures in Rand thousands                                                                  
  February 28, 2025                                                                          
 ─────────────────────────────────────────────────────────────────────────────────────────────
  Subscription revenue                  4,055,394      -              12,783      4,068,177  
  Other revenue 1                          89,618      -                   -         89,618  
  Vehicle sales                             2,099      -                   -          2,099  
  Delivery service                              -      -             407,565        407,565  
  Segment revenue                       4,147,111      -             420,348      4,567,459  
  Segment operating profit              1,272,980      -              39,353      1,312,333  
  Depreciation and amortization           659,140      -               3,419        662,559  
  Capital expenditure                   1,079,715      -               1,593      1,081,308  
  February 29, 2024                                                                          
  Subscription revenue                  3,522,816      -