9 Jan 2026
J&T just reported strong 4Q25 and full‑year 2025 operating metrics, crossing the 30bn‑parcel milestone with broad‑based growth across China, Southeast Asia (SEA) and “New Markets” (Middle East + Latin America). Global scale-up: 4Q25 parcel volume reached 8.46bn (+14.5% YoY) with 92m daily average. Full‑year 2025 parcels hit a record 30.13bn (+22.2% YoY), daily average 82.5m (+22.6% YoY). Management cited strength in SEA and New Markets with a stable China contribution. Regional mix: SEA 4Q25 parcels 2.44bn (+73.6% YoY) and FY25 7.66bn (+67.8% YoY). New Markets 4Q25 134m (+79.7% YoY) and FY25 404m (+43.6% YoY). China 4Q25 5.89bn (-0.4% YoY); FY25 22.07bn (+11.4% YoY). These figures underscore diversification beyond China while maintaining quality growth domestically. Earlier run‑rate confirms momentum: 3Q25 parcel volume was ~7.68bn (+23.1% YoY), led by SEA (+78.7% YoY) and New Markets (+47.9% YoY).