Carsome Group Inc, Southeast Asia’s largest integrated car e-commerce platform, recorded its EBITDA jumping 85 percent year-on-year to MYR29 million ($7.3 million) as Southeast Asia’s largest used car e-commerce platform accelerated its push toward sustained profitability.

In a statement on Wednesday, Carsome said its gross profit per unit (GPU), a key measure of how much the company earns on each car sold, climbed 30 percent year-on-year to approximately MYR5,300, the highest quarterly figure in the company’s history. Total gross profit rose 25 percent to MYR158 million, marking the fifth consecutive quarter of year-on-year GPU expansion.

Carsome Group CEO Eric Cheng attributed the results to growing consistency across Carsome’s core activities. “The business is beginning to show greater consistency in how growth, profitability, and unit economics reinforce each other,” the executive said, adding that the opportunity ahead remains “many times the size” of the company’s current footprint.

The gains were driven by stronger retail sales, improved financing penetration, and efficiency improvements across CARSOME’s refurbishment and inventory operations. Malaysia and Singapore led performance, supported by steady consumer demand and financing uptake, while Indonesia and Thailand faced headwinds from a more cautious credit environment and broader regional macro pressures.

Regarding expansion, Carsome opened five new showrooms and inspection centers during the quarter, including locations in Putrajaya and Alor Setar in Malaysia. The company also extended its financing partnership with Japanese firm JACCS into Singapore, widening access to retail financing across two of its top-performing markets.

Carsome expects sequential growth in both transactions and EBITDA in Q2/2026, supported by continued retail demand and platform efficiencies.

Malaysia’s unicorn Carsome raises over $30M in a strategic fundraising round