48 min read

[Press] J&T Express Adjusted Net Profit Up 124.3% YoY in 1H 2026

By J&T Marketing Team on 24 Aug 2026, 10:15:00 am

Group revenue reached US$7.67 billion, a year-on-year increase of 39.5%.
Group adjusted net profit was US$350 million, a year-on-year increase of 124.3%.
Group's average daily parcel volume exceeded 100 million for the first time in the second quarter.
 
 
Hong Kong, 20 August 2026 — J&T Global Express Limited (" J&T Express" or " J&T" or the " Company", stock code: 01519.HK), a global logistics service provider, today announced its Interim Results 2026 ("1H2026"). In 1H2026, the Company sustained steady development across its global business, providing solid momentum for overall business growth. Revenue reached US$7.67 billion, up 39.5% YoY. Revenue from express delivery services reached US$7.46 billion, up 39.6% YoY.

In 1H2026, the Company's total parcel volume reached 17.50 billion, up 25.1% YoY. In the second quarter, the Company's global average daily parcel volume exceeded 100 million for the first time, marking a new stage in the Company's fulfillment scale. Alongside scale expansion, the Company's profitability improved significantly. Adjusted net profit reached US$351 million, up 124.3% YoY, while adjusted EBIT reached US$434 million, up 121.7% YoY. The Group's adjusted EBIT per parcel also achieved notable growth, reflecting the benefits of economies of scale, cost control and customer structure optimization. In June 2026, the Company was included as a constituent stock of the Hang Seng Index, officially becoming a Hong Kong blue-chip company.

Dylan Tey, Chief Financial Officer of J&T Express, said: "In 1H2026, the Company expanded its revenue base and significantly strengthened profitability. The Group's adjusted EBIT per parcel reached US$0.025, up 77% YoY. The improvement in both revenue and profitability was driven by parcel volume growth supported by the globalization of e-commerce and diversified customer expansion, as well as continued improvements in service quality and operational efficiency. In 1H2026, the Group's operating cash flow reached US$640 million, up 50.9% YoY. As of the end of the reporting period, the Group maintained ample cash resources, with cash and cash equivalents, restricted cash and bank wealth management products totaling US$2.91 billion. We have always placed great emphasis on shareholder returns. In 1H2026, the Company completed the repurchase of 99.318 million shares, and on June 25 announced an increase in the size of its new share repurchase plan to HK$2.0 billion."

Market Share in Southeast Asia Rises Further; Leadership Position Remains Solid
Southeast Asia was an important driver of J&T's business growth in the first half of the year. In 1H2026, parcel volume in Southeast Asia reached 5.523 billion, up 71.2% YoY, with average daily parcel volume reaching 30.50 million. According to Frost & Sullivan, by parcel volume, the Company has ranked first in the Southeast Asian market for six consecutive years since 2020, with its leading position further strengthened.

The Company continued to capture opportunities arising from regional e-commerce and social commerce development. Leveraging its extensive network coverage, stable fulfillment capabilities and localized operating experience, J&T strengthened its regional service capabilities. As of June 30, 2026, the Company operated 127 sorting centers in Southeast Asia, with the number of automated sorting lines increasing by 11 from the end of 2025 to 75, providing strong support for regional parcel volume growth and service quality improvement. At the same time, the Company advanced the development of last-mile automation capabilities in Southeast Asia by equipping outlets with automated equipment, improving frontline efficiency and reducing overall operating costs.

The Company also actively expanded its non-platform business, covering diversified customer groups such as social commerce merchants, online businesses of chain brands, enterprise customers and individual parcel customers. It also promoted time-definite products such as same-day and next-day delivery for non-platform customers, improved door-to-door pickup coverage, upgraded outlet appearances, and enhanced courier service evaluation mechanisms to support more diversified fulfillment scenarios.

China Market Grows Steadily amid High-Quality Industry Development
In China, the industry has entered a high-quality development cycle, while J&T has focused on service quality, network stability and end-to-end cost optimization, with market share extending its gains. In 1H2026, parcel volume in China reached 11.615 billion, up 9.6% YoY, with average daily parcel volume reaching 64.20 million. According to Frost & Sullivan data, by parcel volume, the Company's market share in China increased to 11.6%, up 0.5 percentage points YoY.
 
The Company continued to strengthen its network capabilities, helping network partners improve their market expansion, customer service and overall operating capabilities. Through enhanced value-added services such as door-to-door service, dedicated customer service, priority service channels and the “Tuyouda” service, the Company improved service adaptability and response efficiency. In terms of business structure, the Company actively expanded diversified customer groups, including brand customers, individual parcel customers and industrial belt customers, and deepened its presence in key industrial belts such as footwear, apparel and women's fashion, providing customized solutions for merchants' core needs such as packaging protection and pickup timeliness.

In smart logistics, the Company expanded the deployment of unmanned delivery vehicles in China. As of June 30, 2026, more than 1,900 unmanned delivery vehicles had been deployed across the network, up 87% from the end of 2025. The Company also deepened the application of AI to further improve service experience and operating efficiency.

Other Markets Maintain Rapid Growth; Localized Partnerships Continue to Deepen
In Other Markets, the Company maintained rapid business growth. In 1H2026, parcel volume in Other Markets reached 365 million, up 119.9% YoY. Frost & Sullivan data shows that, by parcel volume, the Company's market share in Other Markets increased from 6.2% in the first half of 2025 to 8.9%.

The Company seized e-commerce development and cross-border logistics opportunities in regions such as Latin America and the Middle East, deepening cooperation with global e-commerce platforms and short-video livestreaming platforms including TikTok, SHEIN, Temu, Kwai and AliExpress. It also strengthened its cooperation with local e-commerce platforms, deepening cooperation with Mercado Libre in Brazil and Mexico and continuing to reinforce partnerships with Noon and Salla in the Middle East, further expanding its local business opportunities.

As of June 30, 2026, the Company had 52 sorting centers and more than 2,700 outlets in Other Markets, and had deployed 14 automated sorting lines. The Company actively explored flexible last-mile fulfillment models tailored to the needs of different markets, working with market players possessing local resources and operational experience to address fulfillment challenges in complex market environments. At the same time, by leveraging mature experience accumulated in China and Southeast Asia, J&T improved local network coverage, operating efficiency and service quality to better capture opportunities arising from e-commerce development and growing express delivery demand in regions such as Latin America.
 
From the perspective of global network layout and transportation capabilities, in the first half of 2026, the Company operated 260 sorting centers globally, had approximately 19,800 outlets, 435 automated sorting lines and approximately 13,380 line-haul vehicles, including approximately 8,500 self-owned line-haul vehicles. To meet customer needs, the Company actively expanded service scenarios including cross-border e-commerce, brand customers, non-platform parcel business and fulfillment warehouses, extending its fulfillment service chain. The Company currently has a total of 272 warehouses worldwide, with a total area of over 1.01 million square meters.

Charles Hou, Group Vice President of J&T Express, said: "In 1H2026, J&T achieved strong growth in global parcel volume. The scale benefits and fulfillment capabilities of J&T's global network continued to strengthen, with profitability also improving. We are committed to strengthening operating quality and efficiency to drive steady business scale expansion. In the second quarter, the Company's global average daily parcel volume exceeded 100 million for the first time. Looking ahead, we will tailor our approach to the development stage of each market, stay guided by customer needs, continue to refine service quality, capture opportunities from global expansion, and drive steady, long-term growth across our global business."
Topics: Company Updates
45 min read

[Press] J&T Express Surpasses 100 Million Daily Parcels in Q2 2026

By J&T Marketing Team on 8 Jul 2026, 10:59:59 am

J&T Express Average Daily Parcel Volume Exceeds 100 Million in the Second Quarter of 2026
Southeast Asia Parcel Volume Up 63.2% YoY and
Other Markets Parcel Volume Up 136.5% YoY
 

HONG KONG, July 8, 2026J&T Global Express Limited ("J&T Express" or "J&T" or the "Company", stock code: 1519.HK), a global logistics service provider, today announced its business update and operating metrics for the second quarter ended June 30, 2026. During the reporting period, the Company's total parcel volume reached 9.177 billion, up 24.2% year-on-year ("YoY"), with average daily parcel volume reaching 101 million. The quarterly average daily parcel volume crossed the 100 million milestone, marking a new stage in the Company’s business development. Non-China parcel volume reached 2.966 billion, up 66.9% YoY, accounting for 32.3% of total parcel volume and representing an increase of 8.3 percentage points from the same period last year. For the first half of the year, the Company's total parcel volume reached 17.503 billion, up 25.1% YoY, while non-China parcels accounted for 33.6%, an increase of 9.4 percentage points YoY. The Company maintained strong growth overall. Southeast Asia and other markets sustained high growth, China delivered steady growth, and the scale and operating capabilities of the global network continued to improve.

As a leading express logistics provider in Southeast Asia, J&T Express maintained strong growth in the region in the second quarter. Parcel volume in Southeast Asia reached 2.755 billion, up 63.2% YoY, with average daily parcel volume reaching 30.3 million. For the first half of the year, parcel volume in the region reached 5.523 billion, up 71.2% YoY. The Company continued to enhance regional fulfillment capabilities through network optimization and infrastructure investment. As of June 30, 2026, the number of sorting centers in Southeast Asia increased by 6 from the end of 2025 to 127, while automated sorting lines increased by 11 to 75, providing strong support for the region's sustained robust e-commerce and express delivery demand.

In China, J&T Express adapted to industry changes by proactively adjusting its strategy and continuing to optimize its network structure, customer resources and operating efficiency. In the second quarter, parcel volume in China reached 6.211 billion, up 10.6% YoY, with average daily parcel volume reaching 68.2 million. In the first half of the year, automated sorting lines in China increased by 8 to 346, further supporting parcel volume growth and improved sorting efficiency.

In other markets, parcel volume in the second quarter reached 211 million, up 136.5% YoY, with average daily parcel volume reaching 2.3 million. The YoY growth rate further increased from the first quarter. The Company continued to capture e-commerce development and cross-border logistics opportunities in regions including Latin America and the Middle East, and deepened cooperation with global e-commerce platforms such as TikTok, TEMU, SHEIN and AliExpress, as well as local e-commerce platforms including Mercado Libre, further expanding its business opportunities in emerging markets. Along with business expansion, as of June 30, 2026, the number of outlets in other markets increased by about 700 from the end of 2025 to 2,700, and the number of sorting centers increased by 8 to 52, providing support for the rapid scale-up of business in other markets.

J&T Express' global footprint and growth prospects continued to attract capital market attention. In June, the Company was included as a constituent of the Hang Seng Index, officially joining the ranks of Hong Kong blue-chip stocks, reflecting the market’s strong recognition of the Company’s business resilience and long-term value. The Company will continue to improve service quality and operating efficiency around customer needs, continue to invest in infrastructure and strengthen the development of its global logistics network, laying a solid foundation for long-term and steady development.

Topics: Company Updates
45 min read

[Press] J&T Express "Double 6" Parcel Volume Hits New High

By J&T Marketing Team on 10 Jun 2026, 12:30:00 pm

Robust Infrastructure Supports Volume Surge, J&T Express Efficiently Safeguards Southeast Asian Merchants' Peak Season Fulfillment During "Double 6"

HONG KONG, 9 June, 2026 - Following the conclusion of the "Double 6" mid-year shopping festival in Southeast Asia across major e-commerce platforms, global logistics service providerJ&T Express delivered an outstanding performance. During the core promotional period, its overall parcel volume surged by 83.5% year-over-year ("YoY") to 213 million parcels, setting new records in core markets including Indonesia, Thailand, Malaysia, Vietnam, and the Philippines.

During the "Double 6", J&T Express's average daily parcel volume in Southeast Asia reached 35.51 million. On June 2nd, the peak business day, the single-day parcel volume exceeded 37 million. Notably, the Indonesian and Thai markets performed exceptionally well, with cumulative parcel volumes increasing by 112% and 89% YoY, respectively. Leveraging its deeply covered line-haul and last-mile networks, J&T Express swiftly responded to the region-wide surge in parcel volume within a short period, ensuring the stable and efficient operation of its overall network.

To ensure the highly efficient operation of the entire Southeast Asian network during the promotional period, J&T Express proactively advanced infrastructure upgrades, transport capacity reserves, and human resources allocation across various markets ahead of time. In terms of capacity expansion, in addition to newly constructing and upgrading core sorting facilities in markets such as Thailand and the Philippines, J&T Express continued to drive the automated transformation of its operational processes. Automated and specialized sorting equipment were widely deployed at sorting centers and last-mile outlets across multiple Southeast Asian countries. Through the extensive synergy of intelligent equipment, J&T Express achieved a significant improvement in overall network operational efficiency.

In terms of transport capacity and human resources reserves, multiple countries also collaborated to ensure last-mile elasticity. Thailand newly purchased and deployed multiple line-haul and branch-line vehicles; the Philippines planned for an approximate 30% increase in human resources; and Vietnam established a three-tier flexible support team covering operations, dispatching, and comprehensive support, capable of supporting an additional daily capacity of approximately 120,000 parcels during the peak season.

In terms of technological empowerment, J&T Indonesia fully introduced an AI-based digital and intelligent system to monitor parcel flows in real time, ensuring the smooth distribution and circulation of massive parcel volumes during the promotional period. Concurrently, this system maintained close coordination with frontline operation teams, helping them efficiently address unexpected situations such as extreme weather or natural disasters, ensuring smooth and highly efficient parcel circulation during the peak season.

Regarding deepening localized operations and employee care, J&T Express also took several pragmatic measures. For key merchants, J&T Vietnam provided special support by extending the door-to-door pickup time by two hours, helping merchants improve their shipping rates and reducing order delays caused by missed pickups. In Thailand, focusing on the growth needs of small and medium-sized merchants, J&T Express launched a "Joint Advertising" initiative, covering all 38 MRT stations across Bangkok and leveraging 1,200 electronic screens on 54 trains to boost merchant exposure. Furthermore, in response to the persistent high temperatures in Thailand, major sorting centers were regularly equipped with cooling facilities, and free beverages were provided to all frontline staff during the final sprint of the peak season, demonstrating its commitment to safeguarding peak operations with practical actions.

The successful fulfillment during the "Double 6" shopping festival once again validates J&T Express's profound accumulation and leading position in the Southeast Asian market. Through region-wide network synergy, regular infrastructure upgrades, the application of cutting-edge AI technologies, and refined localized operations, J&T Express not only successfully handled the mid-year traffic surge but also provided stable, swift, and reliable logistics guarantees for e-commerce platforms, merchants, and consumers. Looking ahead, J&T Express will continue to deepen its presence in the Southeast Asian market, continuously increase investments in global logistics infrastructure construction and digital transformation, and commit to comprehensively empowering and driving the prosperity of the regional e-commerce ecosystem through a constantly optimized global intelligent logistics network.

Topics: Company Updates
48 min read

[Press] J&T Express Releases 2025 ESG Report: From Smart Logistics to Social Responsibility, Writing a New Chapter in Sustainability

By J&T Marketing Team on 28 Apr 2026, 4:38:59 pm

Hong Kong, 27 April 2026 – J&T Global Express Limited (“J&T Express” or “J&T” or “the Company”, stock code: 01519), a global logistics service provider, today released its 2025 Environmental, Social and Governance (ESG) Report. The report comprehensively presents the Company's latest practices and achievements in intelligent operations, energy management, employee rights protection, talent development, business ethics management, and social welfare, demonstrating its firm commitment to integrating sustainable development concepts into its global logistics network and continuously promoting high-quality development.
 
Deepening Green Operations and Continuously Promoting Energy Conservation and Carbon Reduction
Over the past year, J&T Express has continued to advance smart logistics and energy transition, utilizing technologies such as AI and big data throughout the entire process of pickup, sorting, line-haul transportation, and delivery to optimize transportation routes, improve transit and sorting efficiency, and enhance last-mile delivery capabilities. In terms of transit, by the end of 2025, J&T Express had put into operation a total of 14 self-built core logistics parks globally, with a total gross floor area of 1.05 million square meters. In addition, the Company has invested heavily in energy-saving logistics equipment, deploying over 150,000 permanent magnet synchronous motorized rollers and more than 400 energy-saving conveyor belts. In terms of last-mile transportation, J&T Express is accelerating the construction of an autonomous vehicle delivery network, with the number of autonomous vehicles put into operation exceeding 1,000 by the end of 2025, leveraging intelligent algorithms to achieve optimal route planning and improve last-mile delivery efficiency. In terms of green packaging, the cumulative deployment of reusable transit bags globally reached approximately 38.27 million, with cumulative usage reaching approximately 3.33 billion times.
 
In terms of low-carbon transportation, J&T Express has continuously promoted the use of clean and electric transportation vehicles. In China, the Company had been investing in new LNG tractors in 2025, bringing the total to 1,697, accounting for 30% of the total number of self-owned tractors, with the greenhouse gas emission intensity of self-owned line-haul vehicles decreasing by 6% compared to 2024. The Philippines took the lead in achieving 100% use of B5 biodiesel for vehicle transportation; Singapore introduced electric trucks, accounting for 6% of its total truck fleet. At the same time, the Company promoted the coordinated development of green transportation methods such as railway and maritime transport, further optimizing the transportation structure and improving efficiency.
 
Strengthening Employee Care and Safeguarding Rights and Growth
J&T Express continues to create an open, inclusive, and equal-opportunity work environment, improving its employee care system around career growth, health management, and employee welfare and care. In China, the 2025 J&T Express Co., Ltd. (Entire Network) Platform Algorithm and Labor Rules Agreement was implemented in Shanghai last July, becoming the first network-wide algorithm negotiation agreement in China's express delivery industry. It covers over 290,000 workers in J&T Express's self-operated and franchise outlets across provinces and regions in Chinese Mainland. Focusing on three major issues: salary protection, career development, and algorithm transparency, it further improves the rights protection mechanism for workers in new forms of employment.
 
In terms of talent development, J&T Express systematically advanced the construction of a multi-level talent training system around four strategic directions: "building channels, supplying talent, strengthening overseas presence, and solidifying foundations." In 2025, the total number of courses on the digital training and knowledge management platform for global employees increased by 60% year-over-year (YoY), and total training hours increased by 2.8 times YoY. In addition, during the reporting period, the Company organized and participated in various safety training sessions globally over 27,000 times, covering over 1.4 million participants, continuously consolidating its safety culture and employee protection foundation.
 
Fulfilling Social Responsibilities and Supporting Local Community Development
J&T Express continued to carry out social welfare actions in areas such as rural revitalization, educational public welfare, and post-disaster assistance. In Chongqing, China, the Company introduced drones for the first time to collect and transport navel oranges in mountainous areas, with a single drone providing a daily transport capacity of up to 10,000 kilograms, effectively reducing labor costs for fruit farmers. In Thailand, the Company partnered with the Department of Agricultural Extension to launch fresh fruit logistics services, facilitating the efficient circulation of agricultural products.
 
In terms of emergency disaster relief, the Company's teams in various countries continued to participate in disaster assistance efforts. Following the fire in Tai Po, Hong Kong, J&T Express swiftly initiated a special donation of HK$10 million and delivered 300 sets of daily necessities to temporary shelters. After the floods in Indonesia, the Company's Indonesian headquarters chartered flights to transport 13 tons of supplies to severely affected areas, supporting the affected population in restoring their livelihoods.
 
Improving Business Ethics and Building a Solid Global Compliance Bottom Line
In terms of business ethics and compliance management, J&T Express continued to improve its global governance system, which is coordinated by the Group headquarters and executed locally by subsidiaries, covering multiple dimensions such as anti-corruption, fair competition, and supply chain compliance. During the reporting period, the Company conducted special training on anti-money laundering, counter-terrorist financing, and anti-corruption for directors and senior management, achieving a 100% coverage rate. It also carried out integrity education and training, covering over 89,000 participants cumulatively, and extended compliance requirements to the supply chain system, further solidifying the foundation for global operations.
 
Dylan Tey, Chief Financial Officer of J&T Express, stated: "Within J&T's rapidly developing global logistics network, ESG has evolved from a concept into concrete operational capabilities. Over the past year, we have proactively explored green transportation transformation and the governance of new forms of employment, including advancing diversified low-carbon transportation solutions and establishing one of the industry's first algorithm negotiation mechanisms. These relevant practices have received multiple industry recognitions. Looking ahead, J&T will continue to leverage technology to empower operations and let responsibility drive growth, continuously improving our ESG governance system and the quality of information disclosure to create long-term value for key stakeholders including global customers, employees, and communities."
Topics: Company Updates
45 min read

[Press] J&T Express Q1 Parcel Volume Rises 26.2%, with Southeast Asia Growth Nearing 80% and Other Markets Doubling

By J&T Marketing Team on 13 Apr 2026, 7:15:04 am

  HONG KONG, April 13, 2026 — J&T Global Express Limited (“J&T Express” or “J&T” or “the Company”, stock code: 1519.HK), a global logistics service provider, today announced its business update and operating metrics for the first quarter ended March 31, 2026. During the reporting period, the Company's total parcel volume reached 8.326 billion, up 26.2% year-on-year ("YoY"), with average daily parcel volume reaching 92.5 million. In particular, non-China parcels accounted for 35.1%, representing an increase of 4.3 percentage points on a quarter-on-quarter basis ("QoQ"). Overall business momentum remained strong, with particularly strong performance in Southeast Asia and other markets (excluding China and Southeast Asia). Operating metrics continued to improve, reflecting the Company’s ongoing expansion and solid operational execution across global markets.
 
As a leading express logistics provider in Southeast Asia, J&T Express maintained its strong growth momentum in the region in the first quarter. Parcel volume in Southeast Asia rose 79.9% YoY to 2.768 billion, with average daily parcel volume reaching 30.8 million and peak daily volume exceeding 47 million. The strong growth reflected the Company’s continued gains in operating efficiency across the region, as well as deeper cooperation with major e-commerce platforms, rapidly growing market demand and peak-season business growth driven by the Ramadan shopping season. As of March 31, 2026, J&T continued to expand capacity in the region, with its line-haul vehicles in Southeast Asia increasing to 6,200 vehicles and the number of automated sorting lines rising to 73 from 64, further improving processing efficiency.
 
In China, J&T Express adapted to industry changes by proactively adjusting its strategy and continued to improve network efficiency and client structure through refined management. In the first quarter, parcel volume in the market reached 5.404 billion, up 8.4% YoY, with average daily parcel volume of 60 million. Growth was close to the industry average and showed a recovery from the previous quarter.
 
In other markets, J&T Express continued to expand its footprint and accelerate growth, with parcel volume reaching 154 million, up 100.5% YoY, and average daily parcel volume rising to 1.7 million during the first quarter. Among them, Latin America has strong consumer potential. The Company worked closely with global cross-border e-commerce platforms such as TikTok, Temu, SHEIN and AliExpress, as well as local partners including Mercado Libre, to tap the strong growth opportunities arising from the development of e-commerce and logistics. Along with business expansion, the Company added 400 outlets and 5 sorting centers in other markets in the first quarter. Meanwhile, the Company’s mature operating experience in China and Southeast Asia has continued to provide important support for the business scale-up in other markets.
 
Charles Hou, Group Vice President of J&T Express, said: “J&T delivered an encouraging start to 2026 in the first quarter. In Southeast Asia and other markets, we have seized growth opportunities, continued to strengthen our infrastructure and improved operating efficiency. Rapid growth in parcel volume underscores our enhanced market expansion and operating capabilities. In China, network optimization and refined management supported steady parcel volume growth. The solid operating performance in the first quarter lays a strong foundation for the Company’s full-year results.” 
Topics: Company Updates
47 min read

[Press] J&T Express Reports 18.5% YoY Revenue Growth for FY2025

By J&T Marketing Team on 1 Apr 2026, 9:31:05 am

Hong Kong, 30 March 2026 - J&T Global Express Limited (“J&T Express” or “J&T” or “the Company”, stock code: 01519), a global logistics service provider, announced its annual results for 2025. In 2025, the Company's total parcel volume crossed the 30-billion mark for the first time, reaching 30.1 billion, representing a 22.2% year-over-year ("YoY") increase. Full-year total revenue reached US$12.2 billion, up 18.5% YoY, demonstrating that the Company's global network spanning 13 countries continues to unleash strong growth momentum.

The Company’s profitability continued to improve, with adjusted net profit reaching US$425 million, up 112.3% YoY, exceeding Bloomberg consensus expectations. Among them, the Southeast Asia market achieved a trifecta of "volume growth, market share expansion, and profit improvement," with adjusted EBIT surging 77.5% YoY to US$538 million. In New Markets, just three years after launching operations in 2022, adjusted EBIT turned positive for the first time, recording US$4 million. In the China market, amid intense industry competition and the "anti-involution" policy backdrop, the Company maintained profit resilience through effective cost control, with adjusted EBIT at US$94 million.

Dylan Tey, Chief Financial Officer of J&T Express, commented: "2025 was a year of fruitful achievements for J&T’s globalization strategy. Our global parcel volume and revenue both recorded strong growth, and free cash flow increased significantly by 96.1% to US$494 million. Our leadership in the Southeast Asia market has been consolidated, with profitability significantly enhanced; New Markets also achieved profitability within just three years, marking an important milestone in our globalization journey; and in China, we continued to optimize operations and reduce costs, with cost per parcel hitting a record low of US$0.28, maintaining a strong competitive advantage."

Southeast Asia Business Ranked First in the Industry for the Sixth Consecutive Year; Leadership in Market Share Expands
J&T’s leadership position in the Southeast Asia market became even more solid in 2025. The Company’s parcel volume in Southeast Asia reached 7.66 billion, surging 67.8% YoY, hitting a four-year high in growth rate; revenue increased 39.8% YoY to US$4.5 billion. According to Frost & Sullivan data, by parcel volume, J&T’s market share in Southeast Asia further increased to 34.4%, and it has been the top-ranked express delivery operator in the Southeast Asia market for six consecutive years since 2020.

This growth was mainly driven by the continued rapid development of Southeast Asia’s e-commerce market. At the same time, as an independent e-commerce enabler, the Company achieved steady business improvement by integrating order resources across all platforms and actively expanding non-e-commerce platform customers. The Company also empowered Southeast Asia with its China experience, driving a significant enhancement in economies of scale. Cost per parcel decreased to US$0.48. While offering customers more competitive pricing, the Company achieved an increase in adjusted EBIT margin to 11.9%.

China Market Accelerates the Adoption of Outlet Automation; Cost per Parcel Steadily Declines
In 2025, J&T achieved high-quality growth in the China market, with its business volume ranking rising to fifth, and revenue increasing 5% YoY to US$6.71 billion. During the period, the Company handled 22.07 billion parcels, up 11.4% YoY. Through deepening full-link refined operations, the Company fully promoted the popularization and application of automated equipment at outlets, with the number of automated equipment increasing significantly compared to the end of 2024. The Company's cost per parcel decreased YoY to US$0.28, maintaining the profit resilience of the business.

The Company continued to build differentiated competitive barriers, including deepening cooperation with brand customers such as Yili, Luhua, and Wuliangye, vigorously promoting the "Express Delivery to Villages" project, continuously increasing the coverage rate of express delivery to villages, accelerating and strengthening cloud warehouse services, and actively deploying the application of unmanned logistics vehicles, with over 1,000 vehicles currently in operation. Meanwhile, the Company launched its Hong Kong consolidated shipping business in 2025. Leveraging the cargo consolidation, transit, and sorting capabilities in the Guangdong-Hong Kong-Macao Greater Bay Area, it extended its reach to the Hong Kong region and developed a series of terminal facilities such as self-pickup points and self-pickup lockers in Hong Kong.

New Markets Achieve Historic Profitability; Another Milestone in Globalization Strategy J&T’s layout in New Markets (including Saudi Arabia, the UAE, Mexico, Brazil, and Egypt) ushered in a harvest period. In 2025, parcel volume in New Markets increased by 43.6% YoY to 404 million, and revenue rose 51.2% YoY to US$870 million. Adjusted EBIT improved significantly from the same period last year to a profit of US$4 million, successfully turning losses into gains. At the same time, the adjusted EBIT per parcel in New Markets turned positive for the first time in the second half of 2025, reaching US$0.09, proving that the New Markets business has entered a healthy and sustainable development track.

The success of New Markets benefited not only from the Company’s close cooperation with global cross-border e-commerce platforms such as SHEIN, Temu, TikTok, and AliExpress, but also from the active expansion of local partners. In 2025, the Company reached a cooperation with Mercado Libre, the largest e-commerce platform in Latin America, and won the Mercado Libre 2025 Best Carrier Award, with its service capabilities recognized by the platform. The mature operating experience of the China and Southeast Asia markets was systematically exported to New Markets, greatly enhancing operational capabilities, operational efficiency, and profitability.

J&T continued to invest in advancing network construction and operational optimization in global markets, comprehensively enhancing network carrying capacity through self-building and upgrading core hubs. As of the end of 2025, the Company operated 246 sorting centers globally, and its largest global self-built center, located in Guangzhou, became officially operational in the fourth quarter of 2025. To cope with the growth in business volume, the Company added approximately 1,880 self-owned line-haul vehicles on a net basis throughout the year; and added 134 sets of automated sorting equipment, bringing the total to 413 sets.

Charles Hou, Group Vice President of J&T Express, stated: "2025 was a crucial year for J&T to achieve high-quality growth and strategic breakthroughs. Our market share advantage in Southeast Asia continued to expand, we maintained resilience and quality development amid intense competition in the China market, and New Markets also ushered in an inflection point of profitability, fully validating our global, replicable business model. Over 30 billion parcels globally is a new starting point for J&T. Looking ahead, we will continue to forge ahead and meet global customers' demand for high-quality express delivery services with more efficient and intelligent services, creating long-term value for shareholders and partners."
Topics: Company Updates