Carsome Achieves $23M EBITDA Milestone in FY2025 with 16% Gross Profit Surge in Southeast Asia

Carsome, Southeast Asia's leading integrated car e-commerce platform, delivered a strong $23 million EBITDA in FY2025, more than doubling year-on-year.

The company also posted a 16% gross profit growth, with gross profit per unit climbing 22% to a record high, primarily fueled by performance in Malaysia and Singapore.

Carsome's Path to Sustained Profitability

This success follows two years of focused cost management, balance sheet adjustments, and strategic capital allocation at Carsome.

Operating across Malaysia, Indonesia, Thailand, and Singapore, Carsome digitalizes used-car transactions and services throughout the vehicle ownership lifecycle.

Its subsidiaries, including iCar Asia and CARSOME Capital, enhance automotive content, inspections, financing, and training.

Key Drivers Behind Margin Expansion

Margin improvements stemmed from superior inventory management, pricing optimization, and growing contributions from high-margin ancillary services.

Stable transaction volumes persisted despite softer regional automotive demand, highlighting operational resilience.

Future Growth and Market Impact

Carsome expanded dealer financing and scaled its Value Plus retail proposition for affordability-focused consumers during FY2025.

Strengthened financial institution partnerships increased financing penetration, bolstering revenue streams.

Group CEO Eric Cheng emphasized continued opportunities in the evolving used-car segment.

As the first Southeast Asian used-car platform to achieve profitability, Carsome is transforming the fragmented, underpenetrated online market, with EVs set to drive further expansion.