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Carro hit record revenue and profit in 2025, expanded in Asia, and boosted growth with AI and fintech.
Carro, Asia Pacific’s largest online auto platform, reported record fiscal 2025 results with S$1.2 billion in revenue and S$149 million in gross profit, up 15% and 20% year-on-year, respectively.
Its gross profit margin improved to 12.4% as ancillary services drove over 55% of profit.
The company expanded into Hong Kong and Japan, launched a new car segment in Singapore and Malaysia, and boosted its fintech arm’s consumer loans by 35% to S$670 million, with non-performing loans under 0.5%.
AI tools, including an advanced inspection app, reduced customer response times by up to 80%.
Carro closed a US$60 million funding round led by Cool Japan Fund to increase demand for Japanese vehicles, strengthened its balance sheet, and reported over 50% EBITDA growth in H1 FY2026.
Carro alcanzó un récord de ingresos y ganancias en 2025, se expandió en Asia e impulsó el crecimiento con IA y fintech.