Carro posts record revenues and gross profit for FY2025, closes US$60m strategic investment led by Cool Japan Fund
– Best-ever revenues of S$1.2 billion (US$898 million), a 15% year-on-year growth
– Best-ever Gross Profit of S$149 million (US$111 million), a 20% year-on-year growth
– Gross Profit Margin (GPM) improved to 12.4% compared to 11.8% in FY2024, underpinned by ancillaries which represented over 55% of Gross Profit
– Strong liquidity of S$385 million (US$287 million)
SINGAPORE, Oct. 30, 2025 /PRNewswire/ — Carro, Asia Pacific’s largest and fastest-growing online automotive platform, has posted a strong FY2025, achieving record revenues of S$1.2 billion and a Gross Profit of S$149 million (US$111 million). The unicorn startup also reports an EBITDA of S$43 million (US$32 million) and total assets of S$1.3 billion,…
