J&T EXPRESS-W (01519) released its interim results, with adjusted net profit of $351 million, an increase of 124.3% year-on-year.

J&T EXPRESS-W (01519) released its interim results for the six months ending June 30, 2026, reporting revenue of $7.672 billion, a year-on-year increase of 39.5%; adjusted net profit of $351 million, a year-on-year increase of 124.3%; basic earnings per share of 2.8 cents. In the first half of 2026, the company's overall revenue per package was $0.44, compared to $0.39 in the first half of 2025. The year-on-year increase in revenue per package was mainly due to: benefiting from the rapid growth of e-commerce and the express delivery industry in Southeast Asia and other markets, the proportion of higher revenue packages from Southeast Asia and other markets continued to rise, and the competition in the Chinese market became more rational under the guidance of the "anti-involution" policy. The company actively responded to policy directions, kept up with changes in competitive dynamics, and dynamically adjusted pricing strategies in different regions to maintain market competitiveness. In the first half of 2026, the company processed a total of 17.50 billion packages, an increase of 25.1% compared to 13.99 billion packages in the first half of 2025. As of June 30, 2026, the company had approximately 19,800 service points, operated 260 transshipment centers, equipped with 435 automated sorting lines, and operated around 13,380 trunk vehicles, including about 8,500 self-owned trunk vehicles. Looking ahead, we will continue to seize the significant historical opportunity of e-commerce express development, formulate targeted market strategies based on the demands and characteristics of each market, and combine them with our position in each market: driving both e-commerce express and non-platform parcels, consolidating our leading position in the Southeast Asian market; enhancing brand image and customer recognition in the Chinese market, optimizing profit levels; seizing the opportunity of rapid e-commerce growth in regions such as Latin America, replicating the development path of the Southeast Asian market; maintaining strategic proactivity and further exploring and expanding into other regional markets such as Europe; leveraging Chinese logistics experience overseas, refining management to continuously reduce costs; deepening brand development, actively expanding non-platform parcel business, and continuously improving profitability quality.