J&T Global Express Limited, an Indonesia-based logistics service provider, said its adjusted net profit surged 147.1 percent year on year to $156 million in the first half, underpinned by strong business growth and continuous operational optimization across its markets.
The firm said in a statement on last Friday that propelled by strong parcel volume growth, the revenue contribution from Southeast Asia and New Markets saw a sustained uplift, bringing the company’s total revenue to $5.50 billion, a 13.1 percent increase year-on-year.
Its core express delivery services generated $5.34 billion in revenue, representing a 12.7 percent year on year increase.
The company’s business indicators continued to improve, with net profit recorded at $89 million, a significant year on year surge of 186.6 percent from $31 million in the same period last year.
Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to $436 million, up 24.2 percent year on year.
Meanwhile, its adjusted earnings before interest and taxes (EBIT) grew by 65.4 percent year on year to $196 million, demonstrating the company’s strong and sustainable profitability.
In the first half of 2025, J&T’s total parcel volume increased by 27 percent year on year to 13.99 billion, with continued market expansion across all regions.
Specifically, parcel volume in Southeast Asia (SEA) surged by 57.9 percent year on year to 3.23 billion, with market share significantly increasing to 32.8 percent.
In China, its parcel volume grew by 20 percent year on year to 10.60 billion.
New Markets (including Saudi Arabia, the United Arab Emirates [UAE], Mexico, Brazil, and Egypt) saw parcel volume increase by 21.7 percent year on year to 170 million.
“In the first half of 2025, the company achieved solid performance growth despite a changing macroeconomic environment,
“Both our total revenue and profitability saw significant improvements, benefiting from parcel volume growth and refined operations across our 13 markets,” said Dylan Tey, Chief Financial Officer of J&T Express.
According to him, the firm’s market leadership in SEA has been further consolidated, with both revenue and profitability achieving high-speed growth.
“In China, despite intense price competition, we maintained steady parcel volume growth and business resilience through continuous cost optimization and service upgrades,
“Encouragingly, our New Markets successfully achieved a turnaround to positive adjusted EBITDA, proving the effectiveness and sustainability of our globalization strategy,” he added.
Leveraging its comprehensive logistics network, cost-effective services, and leading market position in SEA, J&T’s business in the region continued its high-speed growth.
In the first half, the company’s parcel volume in SEA grew by 57.9 percent year on year, and its market share increased by 5.4 percentage points from 27.4 percent in the same period last year to 32.8 percent, solidifying its top position in the industry for the sixth consecutive year.
The company continues to seize growth opportunities in e-commerce and social e-commerce while actively implementing a long-term strategy to expand its local brand and non-platform business in SEA countries.
During the period, parcels from non-platform customers grew significantly, positively impacting the company’s profits.
As regional e-commerce competition intensifies, platforms increasingly demanded optimized fulfillment costs.
As an independent e-commerce enabler, J&T said it integrates order resources from multiple platforms, leverages economies of scale, and replicates advanced experience from the China market to effectively reduce operational costs.
The firm’s cost per parcel decreased by 16.7 percent year on year, enabling more competitive prices to customers and creating a virtuous cycle.
In the first half, J&T’s revenue in SEA increased by 29.6 percent year on year to $1.97 billion.
Its adjusted EBITDA in the region was $310 million, a year on year increase of 50.5 percent.
Its adjusted EBIT in the region was $230 million, a year on year increase of 74 percent, showing a significant enhancement in profitability.
J&T said the firm is committed to enhancing service experience and operational efficiency through technological innovation.
As of June 30, 2025, the company had approximately 19,200 outlets, operated 239 sorting centers with 337 sets of automated sorting machines globally.
“In the first half of 2025, we achieved good Interim Results, once again proving that the company’s globalization strategy is continuously deepening and strengthening, and the organization’s execution capabilities have been fully demonstrated,
“Our leading position in SEA is more solid than ever, we have maintained growth and resilience amidst fierce competition in the China market, and our New Markets have reached a turning point towards profitability,” said Charles Hou, Group Vice President of J&T Express.
“Looking ahead, we will continue to cultivate our markets, deepen refined management, and continuously invest in technology and innovation to enhance service experience and operational efficiency, creating greater value for our global customers and achieving the Company’s long-term, sustainable development,” he added.
J&T Express SEA market achieves record quarterly growth of 65.9 percent