- Group’s gross profit rose by 12% year-on-year
- Gross profit per unit rose 24% from 2024, driven by strong topline performance
Carsome Group Inc, Southeast Asia’s largest integrated car e-commerce platform, has started 2025 on a strong note, posting Ebitda of US$4.3 million (RM 18.23 million) in the first quarter and continuing the positive momentum from its profitable close to FY2024.
In a statement, the company reported that in Q1 2025, the group’s gross profit rose by 12% year-on-year, while its gross profit per unit improved by 24% compared to 2024, su
pported by a resilient topline performance. During the quarter, both the Wholesale and Retail segments delivered record margin performance, driven by enhanced pricing algorithms, optimised sourcing strategies, and stronger unit economics.
The group added that it remains focused on driving profitable growth across its core markets while strengthening its integrated automotive ecosystem.
“Carsome is off to a strong start in 2025, building on the solid foundation of our proven profitability in FY2024. As we continue to refine our execution and unlock even greater operating leverage through our integrated model, our business fundamentals remain strong and resilient. We are on track to surpass our goals, including becoming operational cash flow positive this year,” said Eric Cheng (pic), co-founder and Group CEO of Carsome.
He added, “We are confident in the growth potential of our core markets, and we are excited about the momentum we are gaining. Recent strategic partnerships are already playing a pivotal role in driving topline growth and accelerating our path to further success.”
Carsome noted that it continues to forge partnerships that strengthen its ecosystem, broaden access to financing, enhance services, and contribute to the community. These include its collaboration with JACCS to scale financing for underserved customers via Carsome Capital; a partnership with Petronas AutoExpert to improve aftersales support; and an alliance with the Football Association of Malaysia to promote national pride.
In April, Carsome also supported the Selangor state government and the Ministry of Transport in aiding families affected by the gas pipeline fire in Putra Heights. These efforts underscore the group’s ongoing commitment to creating meaningful impact—one that will continue to shape its direction throughout 2025.
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