7 days ago
- Automotive
- New Straits Times
Carsome posts record US$5mil profit in Q2
KUALA LUMPUR: Carsome Group Inc., Southeast Asia's largest integrated car e-commerce platform, posted its most profitable quarter to date in the second quarter of 2025 (2Q25), reporting an earnings before interest, taxes, depreciation, and amortisation (EBITDA) of over US$5 million.
In a statement today, the company said its gross profit rose 19 per cent year-on-year (YoY), driven by strong performance in both its wholesale and retail segments.
It added that continued cost discipline helped maintain operational efficiency.
Meanwhile, Carsome said EBITDA for 2Q25 more than quadrupled compared with the same period last year, exceeding gross profit per unit growth, reflecting improved monetisation and productivity.
For the first half of 2025 (1H25), it said cumulative EBITDA exceeded US$10 million, a seven-fold increase from the same period in 2024.
Carsome group chief executive officer and co-founder Eric Cheng said the company's agile operating model continues to drive market share gains in a rapidly evolving environment.
He said that the company remains confident in delivering sustained profitable growth throughout the year, even amid regional macroeconomic uncertainties.
Chen added that Carsome views mobility access as a structural need in Southeast Asia, not just a consumer preference.
He said that by anchoring the company's solutions in quality assurance and post-sale confidence, it is not only meeting current demand but also cementing their long-term market leadership.
"Our newly introduced Carsome Value Plus range is one example of how we are broadening access to reliable vehicles for more market segments.
