Teleport 2024 revenue up 49%, parcels delivery doubles
Teleport moved 295,926 tonnes in 2024, an increase of 44.5% year-on-year.
Teleport, Southeast Asia's leading air logistics provider, reported a 49 percent increase in 2024 revenue at RM 1.1 billion ($233 million) on doubling parcels delivered in the year at 84.1 million.
Teleport moved 295,926 tonnes in 2024, an increase of 44.5 percent year-on-year. "The company reported an EBITDA of RM 90 million ($19 million) for 2024," says an official release.
Fourth quarter revenue increased 58 percent YoY to RM 352 million and e-commerce revenue came in at RM 143 million, up 172 percent YoY.
Pete Chareonwongsak, CEO, Teleport says: "Team Teleport's Year of the Build in 2024 focused on strengthening our foundational operating model has yielded record results, exceeding our RM 1 billion full-year guidance. As we enter 2025, we are aggressively scaling towards our target of delivering two million parcels a day."
2025 focus areas
"Secure more capacity to expand the Teleport Network across Southeast Asia and into the Middle East, Oceania, and beyond.
*Serve our direct partnerships with China’s top e-commerce marketplaces through broader connectivity and value-added services like smoother first and last-mile deliveries.
*Optimise tech to offer end-to-end visibility in one place, deep integrations, and cost efficiencies in managing more volumes with higher productivity; and
*Being disciplined in cost focus via our low-cost, asset-light operating model that is cheaper, faster and better than anyone in Southeast Asia."
