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J&T Express Strengthens Lead in Southeast Asia with Profit Growth in 2024

J&T Express achieved strong growth in Southeast Asia (SEA) in 2024, maintaining its market leadership for the fifth consecutive year with 28.6% market share, up 3.2 percentage points from 2023. Parcel volume in the region surged 40.8% YoY to 4.56 billion, driven by deepened partnerships with e-commerce platforms and expanded brand collaborations. SEA revenue rose 22.3% YoY to US$3.22 billion, while adjusted EBIT grew 48.9% YoY to US$300 million. Cost efficiency improvements further boosted profitability, reinforcing J&T’s position as a key e-commerce enabler in the region.

J&T Express 15.9% Revenue Growth

J&T Express achieved its first full-year profit in 2024, with revenue rising 15.9% YoY to US$10.26 billion. The company recorded net profit of US$110 million compared to a US$1.16 billion loss in 2023, while adjusted EBITDA surged 430.5% to US$780 million.

In Southeast Asia, J&T strengthened its market leadership, increasing parcel volume by 40.8% YoY and raising market share to 28.6%. Revenue in the region grew 22.3% YoY to US$3.22 billion, with adjusted EBIT rising 48.9% YoY to US$300 million.

In China, J&T turned profitable for the first time, with US$150 million adjusted EBIT and parcel volume growth of 29.1% YoY. Meanwhile, in New Markets like Saudi Arabia and UAE, the company grew revenue by 76.1% YoY to US$580 million despite ongoing cross-border policy changes.

J&T credits its success to e-commerce partnerships, cost efficiency, and network expansion across key regions.

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