J&T Global Express Limited (JTGLF) Q4 2025 Earnings Call January 6, 2026 7:30 PM EST

Company Participants

Haibin Chen Say Keong Tey - Chief Financial Officer

Conference Call Participants

Gangxian Liu - China International Capital Corporation Limited, Research Division

Presentation

Operator

Good day. Welcome to the conference call for J&T Express 2025 Q4 Operating Performance Announcement Call [Operator Instructions] Just remind everyone that this is going to be recorded, and this is the English line for listening only. Now I’ll give the call back to the management.

Unknown Executive

Hello, everyone. Welcome to the conference call of J&T Express 2025 Q4 Performance Announcement. This is Frank. Today, the materials have been disseminated through e-mails to everyone and updated to our website. Today, we have CFO of J&T Express, Dylan; and Haibin, Director of Strategic Investment and Capital Markets. We’re going to have 2 parts for this meeting.

First of all, Haibin will be introducing the company performance in 2025, Q4 and then moving to Q&A section, where the management will answer your questions. Haibin, please.

Haibin Chen

Hello, everyone. This is Haibin. It’s very glad for us to give you an announcement of our performance in 2025 Q4. The parcel volume reached 8.46 billion pieces, representing year-on growth of 14.5%. Total parcel volume for the entire year amounted to 30.13 billion, year-on increase of 22%. The growth mainly driven by Southeast Asia, China and new markets.

First of all, the Southeast Asia. In Q4, the parcel volume reached 2.44 billion pieces with an increase of 73.6%. The full year performance amounted to 7.66 billion pieces show a year-on-year increase of 67%. The key drivers behind are follows. First of all, the e-commerce platforms have increased their investment through performance activities and the continuous enrichment of product categories, we have driven the rapid growth of the