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J&T Global Express (1519) investor relations material

J&T Global Express Q3 2025 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 TU earnings summary14 Oct, 2025

Executive summary

  • Q3 2025 parcel volume reached 7,676.7 million, up 23.1% year-over-year, with nine-month volume at 21,667.7 million, up 25.6%.

  • Group revenue for 1H2025 was $5.5 billion, up 13% year-over-year; adjusted net profit was $156 million, up 147%.

  • SEA led growth with Q3 parcel volume up 78.7% and nine-month growth at 65.3%; China Q3 volume up 10.4%, nine-month up 16.5%.

  • E-commerce platforms like TikTok, Temu, and Shein drove volume growth through investment and promotions.

  • New Markets segment turned adjusted EBITDA positive for the first time, reflecting improved operational efficiency.

Segment performance

  • SEA: Q3 parcel volume up 78.7% year-over-year to 1,996.8 million; nine-month growth at 65.3%.

  • China: Q3 parcel volume 5,575.8 million, up 10.4% year-over-year; nine-month growth at 16.5%.

  • New Markets: Q3 parcel volume up 47.9% to 104.2 million; nine-month growth at 30.6%.

  • SEA segment maintained 32.8% market share and stable adjusted EBIT per parcel.

  • Non-platform shipments contributed less than 10% of total volume.

Outlook and guidance

  • SEA and New Markets expected to maintain or exceed guidance, with SEA H2 growth projected above 55%.

  • New Markets guidance maintained at 40% growth for H2; Brazil to offset Mexico tariff challenges.

  • China market growth expected to slow in Q4 due to industry-wide price increases; profitability per parcel may improve.

  • Focus remains on consolidating market position in SEA and China, while increasing share in New Markets.

  • Plans to leverage e-commerce growth globally and continue cost optimization.

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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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