J&T Express Profits Surge 124% as Global Parcel Volumes Hit New Milestone

Revenue for the period reached US$7.67 billion, a 39.5% increase compared to the previous year, fueled by a total parcel volume of 17.50 billion units. Chief Financial Officer Dylan Tey attributed the performance to the globalization of e-commerce and improved operational efficiency, noting that adjusted EBIT per parcel rose by 77% to US$0.025. The company, which joined the Hang Seng Index in June, has focused on cost optimization and diversifying its customer base beyond traditional platform-integrated merchants.

Southeast Asia remains the company’s stronghold, where parcel volume reached 5.52 billion, a 71.2% year-on-year jump. In China, market share expanded to 11.6% as the company invested heavily in automation, deploying over 1,900 unmanned delivery vehicles. Meanwhile, operations in Latin America and the Middle East saw rapid scaling, with parcel volumes in these emerging markets more than doubling. To support this growth, J&T now manages a global network of 272 warehouses spanning over 1.01 million square meters, ensuring that fulfillment capabilities keep pace with the rising demand for cross-border logistics.