Carma Limited
CMA.ASXConsumer Discretionary
Online retailer of quality used cars to Australian consumers.
Market Data
$0.700
+0.0%$94.8M
-100000.0x
$-0.507
0.00%
-0.6%
Latest Earnings
Appendix 4D & Interim Financial Report
27 February 2026
Carma Limited, a newly listed ASX-traded digital vehicle marketplace, reported H1 FY2026 revenue of $50.9m (+34% YoY) driven by record unit sales of 2,225 vehicles, with gross profit more than doubling to $4.7m and margin expanding 310bps to 9.2%. However, the company posted a net loss of $30.6m (including $13.3m in non-recurring IPO and convertible note costs), though adjusted loss improved to $17.3m with a strengthened liquidity position of $58.3m cash following its November 2025 IPO. Key points: Revenue growth of 34% to $50.9m driven by record 2,225 vehicles sold (+49% YoY), with retail units +17% to 1,379 and wholesale units surging +165% to 846; Gross profit more than doubled to $4.7m with margin expansion of 310bps to 9.2%, driven by 'Sell-to Carma' channel benefits, wholesale scaling, and lower write-downs; Gross profit per retail unit increased 73% to $3,400 with St Peters inspection and reconditioning centre throughput scaling to 11.6 vehicles per shift (+53% YoY), demonstrating operational leverage
Recent Announcements
H1FY26 Results & Trading Update
Carma Limited (ASX: CMA) reported H1 FY26 results showing strong operational and financial performance with total units delivered up 49% to 2,225, revenue up 34% to $50.9 million, gross profit up 102% to $4.7 million, and cash position strengthened to $58.3 million following its November 2025 IPO listing.
Appendix 4D & Interim Financial Report
Carma Limited, a newly listed ASX-traded digital vehicle marketplace, reported H1 FY2026 revenue of $50.9m (+34% YoY) driven by record unit sales of 2,225 vehicles, with gross profit more than doubling to $4.7m and margin expanding 310bps to 9.2%. However, the company posted a net loss of $30.6m (including $13.3m in non-recurring IPO and convertible note costs), though adjusted loss improved to $17.3m with a strengthened liquidity position of $58.3m cash following its November 2025 IPO. Key points: Revenue growth of 34% to $50.9m driven by record 2,225 vehicles sold (+49% YoY), with retail units +17% to 1,379 and wholesale units surging +165% to 846; Gross profit more than doubled to $4.7m with margin expansion of 310bps to 9.2%, driven by 'Sell-to Carma' channel benefits, wholesale scaling, and lower write-downs; Gross profit per retail unit increased 73% to $3,400 with St Peters inspection and reconditioning centre throughput scaling to 11.6 vehicles per shift (+53% YoY), demonstrating operational leverage
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