Carsome's Q1 EBITDA jumps 85% to RM29 million

Carsome Group Inc. achieved a significant financial turnaround in the first quarter of its fiscal year ending March 31, 2026. The company's EBITDA surged by 85% to approximately RM29 million (US$7.3 million), signaling strong operational performance.

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The integrated platform that we have built is now generating consistent unit economics and the growth opportunities ahead are still far greater than our current operational scale.

Further bolstering its financial health, Carsome recorded a 25% increase in gross profit, reaching RM158 million (US$40 million). The platform also saw its gross profit per unit (GPU) expand by 30% to around RM5,300 (US$1,320). This marks the fifth consecutive quarter of year-on-year GPU growth, attributed to strategic priorities including increasing transaction volume, strengthening unit economics, and leveraging operational scale.

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We expect sequential growth in transaction volume and EBITDA in the second quarter of 2026, driven by sustained retail demand, higher financing contributions, and increased operational efficiencies through our integrated platform.

The company's CEO, Eric Cheng, highlighted the growing consistency between growth, profitability, and unit economics within its core markets. Despite a mixed regional economic environment, Cheng expressed confidence in the integrated platform's ability to generate consistent unit economics and capitalize on substantial future growth opportunities. Carsome anticipates continued sequential growth in the second quarter, supported by ongoing retail demand, increased financing contributions, and enhanced operational efficiencies.

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We anticipate the operational scale advantage in our business model will continue to grow as we expand the utilization of our existing infrastructure.