Paul Bieber
Vice President of Investor Relations & Strategic Finance

Hello, and welcome to Karooooo's Fourth Quarter and Full Year Fiscal 2026 Financial Results Presentation. On behalf of Karooooo, we would like to thank you for joining us today. I'm Paul Bieber, VP of Investor Relations and Strategic Finance. We are joined today by Zach Calisto, Founder and Group CEO; Hoe Goy, Chief Financial Officer; and Carmen Calisto, 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 that are subject to several risks and uncertainties. Our actual results could differ materially. Please refer to the safe harbor statement in our Form 20-F including the Risk Factors and the 6-K 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. A reconciliation of non-IFRS to IFRS measures is included in the 6-K 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.

Carmen Calisto
Chief Strategy & Marketing Officer

Thanks, Paul. Welcome to Karooooo's Fourth Quarter and Full Year Fiscal 2026 financial results presentation. As planned, FY '26 marked another year of disciplined execution with Cartrack Subscription revenue growth accelerating to 19%, up from 15% in the prior year despite foreign exchange headwinds resulting from the appreciation