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J&T Global Express
J&T Global Express (1519) investor relations material
J&T Global Express Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 TU earnings summary7 Jan, 2026
Executive summary
Q4 2025 parcel volume reached 8.46 billion, up 14.5% year-over-year; full-year volume was 30.13 billion, up 22.2%, driven by Southeast Asia, China, and New Markets.
Southeast Asia Q4 parcel volume grew 73.6% year-over-year to 2.44 billion; full-year volume up 67.8% to 7.66 billion, fueled by e-commerce platform investments and product category expansion.
China Q4 parcel volume was 5.8 billion, flat year-over-year; full-year volume up 11.4% to 22.07 billion, with industry growth slowing in late 2025.
New Markets Q4 parcel volume rose 79.7% year-over-year to 130 million; full-year volume up 43.6% to 403.9 million, with strong growth in Mexico and Brazil.
Maintained leading market share in Southeast Asia for six consecutive years and continued to gain share in China and New Markets.
Segment performance
Non-platform parcels contributed significantly to total volume, with network and cost advantages widening the gap with competitors.
Southeast Asia saw increased service points, franchisee integration, and market share at 32.8% in 1H2025, boosting efficiency and service quality.
China focused on high-quality growth, network strengthening, and brand image improvement, attracting more high-value clients.
New Markets achieved positive adjusted EBITDA for the first time, with parcel volume up 44% YoY and market share at 6.2% in 1H2025.
Latin America is in early development, with strong demand from e-commerce platforms and investments in local infrastructure and service quality.
Financial highlights
Group revenue for 1H2025 reached $5.5bn, up 13% year-over-year.
Adjusted net profit for 1H2025 was $156m, up from $63m in 1H2024.
Adjusted EBITDA for 1H2025 was $436m, up from $351m in 1H2024.
Gross margin for 1H2025 was 9.8%, compared to 11.0% in 1H2024.
Free cash flow and operating cash flow remained positive, with cash and equivalents at $1.66bn as of June 30, 2025.
China: Impact of slowing growth on cost structure
LatAm: Key competitive edge against local rivals
SEA: Prioritize commercialization drivers
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Next J&T Global Express earnings date
H2 20255 Mar, 2026
J&T Global Express
Next J&T Global Express earnings date
H2 20255 Mar, 2026
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Frequently asked questions
J&T Global Express Limited is a logistics and express delivery company providing comprehensive supply chain solutions across various regions, primarily in Asia. The company’s services include parcel delivery, warehousing, freight forwarding, and e-commerce logistics support. J&T Global Express serves both business and individual clients, leveraging a network of distribution centers and advanced logistics technology to enable efficient, high-speed delivery. Known for its focus on e-commerce, J&T caters to the needs of online retailers and digital marketplaces with solutions that streamline cross-border and domestic shipping. The company is headquartered in Hong Kong, and its shares are listed on the Hong Kong Stock Exchange.
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