KARO Balance Sheet, Income & Cash Flow

Income Statement KARO
Line item	2019	2020	2021	2022	2023	2024	2025	2026
Revenue	83.25	90.15	106.34	88.73	113.31	135.89	147.84	177.36
Cost of Revenue	23.84	26.68	31.13	29.81	39.89	48.94	44.16	56.81
Gross Profit	59.41	63.47	75.21	58.92	73.42	86.95	103.68	120.55
Research & Development	2.37	2.09	4.65	4.82	5.72	6.86	7.35	8.46
Selling, General & Administrative	21.81	21.37	22.12	17.94	22.77	27.06	30.58	35.51
Total Operating Expenses	34.82	34.18	41.48	36.33	44.93	53.26	61.20	74.76
Operating Income	24.59	29.29	33.73	22.59	28.49	33.69	42.48	45.79
Interest Expense	1.55	0.78	0.43	0.40	0.33	0.52	1.68	2.52
Pre-Tax Income	23.18	28.63	32.31	22.04	28.89	34.43	40.36	44.01
Income Tax Expense	5.42	8.04	9.22	6.64	9.22	10.07	10.03	11.28
Net Income	11.65	13.46	14.77	14.54	19.29	23.85	29.81	32.17
EBITDA	37.58	44.59	53.43	40.56	48.88	58.51	66.68	72.42

Data as of: September 29, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

Income Statement