- Gross profits increased by 7% year-on-year, anchored by Carsome’s retail business
- Group’s auto-financing arm, ramped up significantly in Q3 driven by strong operational uplift
Carsome Group Inc, Southeast Asia’s largest integrated car e-commerce platform, has announced another quarter of profitability, reporting an Ebitda of over US$6.4 million (RM26 million) for the third quarter of 2025. In a statement, the company noted that the results were driven by healthier unit economics and steady performance across its key markets.
According to Carsome, gross profit in Q3 2025 increased by 7% year-on-year (Y-o-Y), anchored by its retail business, which delivered its strongest quarterly performance to date. Cumulative Ebitda for the first three quarters of the year reached over US$15 million (RM62 million), more than three times higher Y-o-Y.
[RM1 = US$0.22]
Meanwhile, the company stated that Carsome Capital, the group’s auto-financing arm, ramped up significantly in the third quarter, driven by strong operational uplift. A more than twofold surge in loan applications fuelled higher financing disbursements, as well as growth in Hire Purchase loans and Dealer Financing products. Carsome Capital also recently announced a new RM150 million working capital facility with MUFG to support its continued growth in financing solutions.
Eric Cheng, Carsome Group co-founder and CEO, said: “Our focus on building differentiated, vertically integrated capabilities has transformed the business. It positions us not only for profitability, but to scale with discipline and sustain long-term growth.”
“Moving forward, we are accelerating our market share expansion through targeted offerings like Carsome Value Plus, which allow us to reach a wider audience. At the same time, we are leveraging our unique partnership with Japan Consumer Credit Service (JACCS Co., Ltd.) to bridge the crucial car financing gap, ensuring that quality vehicle ownership is accessible to more people,” he added.
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