Carsome Group Inc, Southeast Asia’s largest integrated car e-commerce platform, said Thursday it has delivered its most profitable quarter to date in the second quarter of 2025, posting an earnings before interest, taxes, depreciation, and amortization (EBITDA) of over $5 million and continuing its trajectory of sustained, quality earnings.

Carsome said in a statement that in the second quarter, the Group recorded a 19 percent year-on-year increase in gross profit, underpinned by continued strength across both its wholesale and retail businesses.

The firm’s group-wide disciplined cost management continued to support operational efficiency.

Its EBITDA during the quarter more than quadrupled year on year, outpacing gross profit per unit (GPU) growth, reflecting improved monetization and productivity gains as the group sharpens its operational playbook.

Meanwhile, its cumulative EBITDA for the first half of the year reached over $10 million, a seven-fold increase from the same period last year.

“Our agile operating model continues to drive market share gains in a rapidly evolving environment,

“We remain confident in delivering sustained profitable growth throughout the year, even amid regional macroeconomic uncertainties,” said Eric Cheng, Co-founder and Group Chief Executive Officer of Carsome.

“We view mobility access as a structural need in Southeast Asia, not just a consumer preference. By anchoring our solutions in quality assurance and post-sale confidence, we are not only meeting current demand but cementing our long-term market leadership,

“Our newly introduced Carsome Value Plus range is one example of how we are broadening access to reliable vehicles for more market segments. This aligns with the broader national push for accessible mobility and to ease cost pressures,” he added.

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