Press Release: CARSOME Starts 2025 Strong with Continued Profit Momentum and Strengthened Ecosystem Partnerships

Kuala Lumpur, 12 June 2025 – CARSOME Group Inc (CARSOME or The Group), Southeast Asia’s largest integrated car e-commerce platform starts 2025 strong, posting EBITDA of USD 4.3 million in the first quarter, and continuing the positive momentum from its profitable close to FY2024.

In Q1 2025, the Group’s gross profit rose 12% year-on-year while its gross profit per unit (GPU) improved 24% from 2024 on the back of a resilient topline performance. During the quarter, both Wholesale and Retail segments delivered record margin performance, driven by improved pricing algorithms, optimized sourcing strategies, and stronger unit economics. The Group 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.

Eric Cheng, CARSOME’s Co-founder & Group Chief Executive Officer

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 toward further success,” said Eric Cheng, Co-founder and Group CEO of CARSOME.

CARSOME continues to forge partnerships that strengthen its ecosystem, broaden access to financing, enhance services, and contribute to the community. These include its partnership with JACCS to scale financing for underserved customers via CARSOME Capital, collaboration with Petronas AutoExpert to improve aftersales support, and alliance with the Football Association of Malaysia (FAM) to champion national pride. In April, CARSOME also supported the Selangor state government and Ministry of Transport in aiding families affected by the gas pipeline fire in Putra Heights. These efforts underscore the Group’s ongoing commitment to making a meaningful impact, one that will continue to shape its direction in 2025.

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