JD Logistics reported FY 2025 revenue of RMB217.1 billion (+18.8%), with gross profit of RMB19.8 billion (+5.7%) and profit for the year of RMB6.9 billion (-2.8%). Non-IFRS profit was RMB7.7 billion (-2.6%) and non-IFRS EBITDA was RMB20.6 billion (+1.3%), while cash resources totaled RMB45.0 billion as of December 31, 2025 and free cash inflow was RMB4.2 billion in FY 2025. The board did not recommend a final dividend. In Q4 2025, JD Logistics posted revenue of RMB63.5 billion (+21.9%) and profit for the period of RMB2.0 billion (-5.2%), with non-IFRS profit of RMB2.4 billion (+5.7%) and non-IFRS EBITDA of RMB5.8 billion (+8.9%). Business updates included integration of on-demand delivery capabilities, including the October 31, 2025 completion of the acquisition of a local on-demand delivery services business for approximately USD270 million; overseas expansion with warehouse coverage across 25 countries and regions and nearly 200 bonded/international/overseas warehouses totaling nearly 2.0 million square meters GFA; and rollout of its JoyExpress brand in Saudi Arabia and in parts of the U.K., France, Germany and the Netherlands. JD Airlines expanded its self-operated all-cargo fleet to 12 airplanes by year-end 2025, and the company said it operated over 1,600 warehouses with more than 34 million square meters GFA and employed over 540,000 in-house delivery and operation personnel as of December 31, 2025.

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