PETALING JAYA: Carsome Group Inc, Southeast Asia’s largest integrated car e-commerce platform, has expanded gross profit per unit (GPU) to its highest quarterly level since its founding, supported by continued progress across its three strategic priorities – growing transactions, expanding unit economics and demonstrating operating leverage.
The group said this yesterday when reporting financial results for the first quarter (Q1) ended March 31, 2026.
Total gross profit grew 25% year-on-year (YoY) to RM158 million (US$40 million), while GPU expanded 30% YoY to RM5,300 (US$1,320) per unit. Ebitda rose 85% YoY to RM29 million (US$7.3 million).
The improvement in unit economics reflects stronger retail contribution, improved financing penetration, and continued efficiency gains across Carsome’s refurbishment and inventory operations, with Q1 marking the fifth consecutive quarter of YoY GPU expansion.
Carsome group CEO Eric Cheng said, “The business is beginning to show greater consistency in how growth, profitability, and unit economics reinforce each other across our core markets. The regional environment remains uneven, but the integrated platform we have built is now delivering consistent unit economics, and the opportunity ahead remains many times the size of our current footprint.”
Malaysia and Singapore continued to demonstrate operational strength in Q1, supported by sustained consumer demand for value-driven car ownership solutions and steady financing penetration across both markets. Conditions in Indonesia and Thailand remained more variable, reflecting the broader regional macro environment and a more cautious consumer credit backdrop.
Year-to-date, Carsome said it has expanded its physical footprint with five new showrooms and inspection centres across the region, including Putrajaya and Alor Setar.
The group also extended its strategic financing partnership with JACCS into Singapore, broadening access to financing solutions for retail customers across two of its strongest markets.
Carsome said it expects sequential growth in transactions and Ebitda in Q2, supported by continued retail demand, financing contribution, and efficiency gains across its integrated platform. The group expects these improvements to support a multi-quarter trajectory of stronger profitability.
“We expect the operating leverage in our model to continue compounding as we scale furtherinto our existing infrastructure,” Cheng said, adding that their focus remains on executing what works, investing in the platform, and strengthening profitability as they continue to scale.
