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Carsome delivers record margins, kicking off 2025 with US$4.3M EBITDA after a profitable close to FY2024 | Markup #1184

June 26, 2025 · 1 min read
Photo credit: Carsome

Accelerating Affordability

  • “Carsome’s focus has always been on building trust through consistency,” shares Aaron Kee, Chief Business Officer of 500-backed integrated car e-commerce platform Carsome.
  • It is their focus on driving profitable growth across their core markets while strengthening their integrated automotive ecosystem that led to a strong start in 2025, with a US$4.3M EBITDA in Q1 after a profitable close to FY2024.
  • Both wholesale and retail segments delivered record margin performance, driven by improved pricing algorithms, optimized sourcing strategies, and stronger unit economics.
  • Eric Cheng, Co-founder & Group CEO revealed that the company is on track to surpass their goals, including becoming operational cash flow positive this year.
  • “Time and time again we’ve seen that faster is better than big. Advantages come from resourcefulness, not just resources,” shares Khailee Ng, 500 Global Managing Partner.
  • Read the full story on Tech in Asia.
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