Singapore-based tech giant Sea saw its revenue jump 36.4 percent year on year to $22.9 billion in 2025, with gross profit growing 42.2 percent year-on-year to $10.2 billion.

The firm said in a statement on Tuesday that its net income reached $1.6 billion, as compared to net income of $447.8 million for the full year of 2024.

The company’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) surged 75.2 percent year on year to $3.4 billion.

“2025 has been a great year for Sea. All our businesses scaled well, exceeding our initial growth expectations. This broad-based robust growth is healthy and sustainable, underpinned by the growing scale of users that we serve，

“In 2025, Shopee served around 400 million active buyers and 20 million sellers. Monee gained over 20 million unique first-time borrowers. And Garena connected on average with more than 100 million players daily throughout the year,” said Forrest Li, Sea’s Chairman and Chief Executive Officer.

In the fourth quarter of 2025, Sea’s revenue was $6.9 billion, up 38.4 percent year-on-year.

The company also achieved gross profit of $3 billion during the quarter, up 36 percent year-on-year.

Its quarterly net income also soared 72.9 percent year on year to $410.9 million.

Its adjusted EBITDA increased by 33.2 percent year-on-year to reach $787.1 million.

Regarding 2026, he said they were successful in 2025 because they chose the right set of strategies and they executed them well.

“2026 will be a continuation of this approach. Our strategies will be consistent, and execution remains key. We will double down on operational excellence, and work towards delivering another year of strong growth and healthy profits,” he added.

He also said the strong set of 2025 results is a validation of the effectiveness of the firm’s strategic choices for Shopee.

He believed the firm’s strong growth momentum and healthy profitability will continue into the year ahead.

“For 2026, we aim to grow Shopee’s annual gross merchandise value (GMV) by around 25 percent year-on-year, with its full year adjusted EBITDA no lower than that of 2025 in absolute dollar terms,

“We believe this is the right strategy to optimize Shopee’s long-term profitability,” he added.

It is noted that Shopee gross orders for the full year totaled 13.9 billion, increasing by 27.2 percent year-on-year. Its GMV also rose 26.8 percent year on year to $127.4 billion.

Its revenue was $16.6 billion, up 33.4 percent year-on-year, while its adjusted EBITDA was $880.6 million, as compared to $155.8 million for the full year of 2024.

As for the fourth quarter of 2025, Shopee’s gross orders totaled 4 billion, increasing by 30.5 percent year-on-year.

Its GMV was $36.7 billion for the quarter, increasing by 28.6 percent year-on-year. Its revenue also was also growing 35.8 percent year on year to $5 billion.

Meanwhile, Monee’s revenue for full year was $3.8 billion, up 60.1 percent year-on-year. Its adjusted EBITDA was $1.0 billion, up 42.9 percent year-on-year.

Its quarterly revenue was 54.3 percent higher at $1.1 billion while its adjusted EBITDA was 24.7 percent higher at $263.1 million.

Garena’s revenue was $2.4 billion, up 26.1 percent year-on-year. Its adjusted EBITDA was $1.7 billion, up 38.1 percent year-on-year.

As for the fourth quarter of 2025, its revenue was jumping 35.1 percent year on year to $701 million, while its adjusted EBITDA was growing 25.6 percent year on year to $363.8 million.

Maybank sees Sea’s Monee well positioned to benefit from AI-driven payment