Carsome Group Inc, Southeast Asia’s largest integrated car e-commerce platform, said it delivered its tenth consecutive profitable quarter in the second quarter of 2026, reporting quarterly EBITDA of about MYR33 million ($8.3 million), up 38 percent from a year earlier, as platform expanded sales volumes and gross profit.
In a statement on Thursday, the Malaysia-headquartered company said it sold 35,903 vehicles in the quarter ended June 30, an 11 percent year-on-year increase. Quarterly gross profit rose 15 percent to about MYR 175 million ($43.8 million). CARSOME attributed the faster gross-profit growth relative to unit sales to a larger share of transactions that included retail and financing services.
Profit growth outpaced sales volumes
The figures indicate a continued improvement in operating leverage at the company, which operates across Malaysia, Indonesia, Thailand and Singapore. EBITDA is a non-GAAP measure, and CARSOME did not disclose revenue, net income, cash flow or a full financial statement with the release. The reported results should therefore be read as company-provided performance indicators rather than an audited earnings filing.
CARSOME said the MYR 33 million result was its highest quarterly EBITDA to date. It also said the period was its tenth straight quarter of positive EBITDA. The company has been emphasizing profitability and unit economics after a period in which regional used-car marketplaces focused heavily on scale and expansion.
In its first-quarter update in June, CARSOME reported EBITDA of about MYR 29 million, up 85 percent year on year, alongside gross profit of MYR 158 million. The second-quarter update suggests the company continued to add profit in absolute terms while its year-on-year growth rate normalized from that earlier comparison.
New locations in Malaysia and Greater Jakarta
Alongside the financial update, CARSOME said it opened three Malaysian locations during the quarter: in Sungai Petani, Bukit Tinggi in Klang and Sungai Buloh. The company said these additions brought its Malaysian network to 55 inspection centers and showrooms.
In Indonesia, CARSOME said it opened four locations in Greater Jakarta, bringing its presence there to 10 inspection centers and showrooms. It also said it had become Suzuki Cars Malaysia’s exclusive official trade-in partner, a move intended to expand its retail and trade-in reach in the country.
Those investments illustrate the balance CARSOME is seeking between physical operations and its online marketplace model. Vehicle inspection, refurbishment, financing and ownership transfer remain important parts of the used-car transaction process in Southeast Asia, where buyers and sellers often require in-person services alongside digital discovery and pricing tools.
Retail and financing remain central to the model
The company did not give a breakdown of retail, wholesale or financing revenue in the release. It said only that the mix was shifting toward retail and financing services, helping gross profit grow faster than vehicle units. CARSOME’s broader group includes consumer and dealer-facing businesses as well as CARSOME Capital, its financing arm.
For the remainder of 2026, the company said it would continue to focus on transaction growth, unit economics and operating leverage. Whether those priorities translate into sustained earnings will depend on demand, inventory management, funding costs and execution across its core markets.
Malaysia’s Carsome car e-commerce platform posts 85% EBITDA surge in Q1/2026 to $7.3M