Eric Cheng, co-founder and Group CEO of Carsome
Carsome Group, Southeast Asia’s leading integrated car e-commerce platform, has announced its most profitable quarter to date in Q2 2025, recording an EBITDA of over US$5 million.
According to the company, this performance signifies a continued trajectory of sustained, quality earnings.
During the second quarter of 2025, the group reported a 19 per cent year-on-year (YoY) increase in gross profit, underpinned by robust performance across both its wholesale and retail businesses.
The Q2 2025 EBITDA more than quadrupled YoY, surpassing the growth in gross profit per unit (GPU). This significant improvement is attributed to enhanced monetisation, productivity gains, and a refined operational playbook, supported by disciplined cost management across the group.
Also Read: Carsome turns profitable in FY2024 with US$10.5M EBITDA
Furthermore, Carsome’s cumulative EBITDA for the first half of the year reached over US$10 million, marking a seven-fold increase compared to the same period last year.
Eric Cheng, co-founder and Group CEO of Carsome, remarked on the results, stating, “Our agile operating model continues to drive market share gains in a rapidly evolving environment. We remain confident in delivering sustained profitable growth throughout the year, even amid regional macroeconomic uncertainties.”
Cheng further highlighted the company’s strategic approach, adding, “We view mobility access as a structural need in Southeast Asia, not just a consumer preference. By anchoring our solutions in quality assurance and post-sale confidence, we are not only meeting current demand but cementing our long-term market leadership.”
He cited the newly introduced Carsome Value Plus range as an example of how the company is broadening access to reliable vehicles for more market segments, aligning with the broader national push for accessible mobility and easing cost pressures.
Carsome has a significant presence across Malaysia, Indonesia, Thailand, and Singapore.
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