CARSOME Returns to Growth in Q1 2026 with Record Unit Economics
Gross Profit per Unit (GPU) of ~MYR 5,300 (USD 1,320), up 30% Year-on- Year (YoY), the Group’s highest quarterly GPU since founding
EBITDA of ~MYR 29 million (USD 7.3 million), up 85% YoY; Total Gross Profit of ~MYR 158 million (USD 40 million), up 25% YoY
The Group expects continued sequential growth in transactions and EBITDA in Q2 2026
Petaling Jaya, 3 June 2026 – CARSOME Group Inc. (“CARSOME” or the “Group”), Southeast Asia’s largest integrated car e-commerce platform, today reported financial results for the first quarter ended March 31, 2026. The Group expanded GPU to its highest quarterly level since founding, supported by continued progress across its three strategic priorities: growing transactions, expanding unit economics, and demonstrating operating leverage.
Total gross profit grew 25% YoY to MYR 158 million (USD 40 million), while GPU expanded 30% YoY to ~MYR 5,300 (USD 1,320) per unit. EBITDA rose 85% YoY to ~MYR 29 million (USD 7.3 million). The improvement in unit economics reflects stronger retail contribution, improved financing penetration, and continued efficiency gains across CARSOME’s refurbishment and inventory operations, with Q1 marking the fifth consecutive quarter of YoY GPU expansion.
Eric Cheng, Group CEO of CARSOME said, “The business is beginning to show greater consistency in how growth, profitability, and unit economics reinforce each other across our core markets.
Eric Cheng, Group CEO of CARSOME said, “The business is beginning to show greater consistency in how growth, profitability, and unit economics reinforce each other across our core markets. The regional environment remains uneven, but the integrated platform we have built is now delivering consistent unit economics, and the opportunity ahead remains many times the size of our current footprint.”
Operational Review
Malaysia and Singapore continued to demonstrate operational strength in Q1, supported by sustained consumer demand for value-driven car ownership solutions and steady financing penetration across both markets. Conditions in Indonesia and Thailand remained more variable, reflecting the broader regional macro environment and a more cautious consumer credit backdrop.
Year-to-date, CARSOME has expanded its physical footprint with five new showrooms and inspection centres across the region, including new locations in Putrajaya and the northern Malaysian city of Alor Setar. The Group also extended its strategic financing partnership with JACCS into Singapore, broadening access to financing solutions for retail customers across two of its strongest markets.
CARSOME Showroom Putrajaya’s launch that was held recently.
Outlook
CARSOME expects sequential growth in transactions and EBITDA in Q2 2026, supported by continued retail demand, financing contribution, and efficiency gains across its integrated platform. The Group expects these improvements to support a multi-quarter trajectory of stronger profitability.
“We expect the operating leverage in our model to continue compounding as we scale further into our existing infrastructure,” Cheng added. “Our focus remains on executing what works, investing in the platform, and strengthening profitability as we continue to scale.”
