• Proforma revenue up 12% and proforma EBITDA up 12%
• Excellent growth across all key markets, including Brazil, North America and Asia
• Strong progress on C2C payments initiative in Australia

CAR Group Limited (ASX:CAR) has announced its results for the half year ended 31 December 2024, delivering excellent revenue and earnings growth in all key markets. The Group's proforma revenue increased by 12% to $548 million, while proforma EBITDA grew by 12% to $302 million. Reported revenue was up 9% to $579 million, and reported EBITDA increased by 9% to $292 million. The company's results highlight the strength of its diversified business across product and geography, with standout performances from webmotors in Brazil, the global media strategy, and progress on the C2C payments initiative in Australia. The North American business also demonstrated resilience in more challenging market conditions. CAR Group CEO Cameron McIntyre commented that the company is extremely proud of the team's accomplishments and the outstanding results delivered for customers and shareholders. The company sees significant opportunities ahead, with large, underpenetrated addressable markets and multiple levers to drive future growth.

CAR Group expects to deliver good growth in Proforma Revenue, Proforma EBITDA and Adjusted NPAT on a constant currency basis in FY25. The company also expects to see similar Proforma EBITDA margins in FY25.

CAR Group sees significant opportunities ahead, with large, underpenetrated addressable markets and multiple levers to drive future growth. The company is accelerating the exchange of knowledge and ideas between its global businesses and is strategically positioned to invest in further innovation to continue delivering excellent results for its customers.