Full Year 2025 J&T Global Express Ltd Earnings Call Transcript
Key Points
- J&T Global Express Ltd (HKSE:01519) achieved a significant year-on-year increase in adjusted net profit by 112.3%, reaching USD 430 million.
- The company handled 30.1 billion packages in 2025, marking a 22.2% increase from the previous year.
- Southeast Asia operations saw a remarkable parcel volume growth of 67.8% year-on-year, with market share increasing by 5.8 percentage points to 34.4%.
- New Markets segment achieved a turnaround from loss to profit in adjusted EBIT for the first time, indicating successful expansion and operational efficiency.
- The company reported a strong cash position with total cash and cash equivalents amounting to USD 2.2 billion, up 31% from the previous year.
- Revenue per parcel in China declined slightly from USD 0.32 to USD 0.30, indicating pricing pressure in the market.
- The China segment's adjusted EBIT decreased from USD 147.2 million in 2024 to USD 93.9 million in 2025, reflecting challenges in maintaining profitability.
- Despite growth, the non-platform business in Southeast Asia still lags behind e-commerce volume growth, indicating a slower diversification of revenue streams.
- The competitive landscape in Southeast Asia remains challenging, with some peers exiting certain markets due to increasing service quality demands.
- The geopolitical tension in the Middle East poses potential risks to the company's global expansion strategy.
Good day, and thank you for standing by. Welcome to the J&T Global Express 2025 earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Haibin Chen, Director of Strategic Investment and Capital Markets. Please go ahead.
Thank you, operator. Hello, everyone. Welcome to J&T Express 2025 earnings conference call. I'm Haibin Chen, Director of Investment and Capital Markets of J&T Express. The company's results and Investor Relations presentation were released earlier today and are now available on the company's IR website at ir.jtexpress.com.
Before we start the call, we would like to remind you that the call may include forward-looking statements, which are underlined by a number of risks and uncertainties and may not be realized in the future for various reasons. Information about general market conditions are coming
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