Teleport posts revenue growth as eCommerce volumes rise
The company also recorded a new peak of 1.4 million eCommerce parcels moved in a single day, surpassing its previous daily high of 974,000 parcels recorded in 2025.
Teleport reported revenue up 34% year-on-year to $78 million in the first quarter of 2026, supported by rising e-commerce demand across Southeast Asia and China and expansion of its asset-light network through partner airlines.
The company posted EBITDA up 6% to $5.4 million during the quarter. Net Operating Profit increased 7x year-on-year to $800,000 from $100,000, reflecting gains from scale as Teleport expanded its network operations beyond the AirAsia ecosystem.
Teleport said non-AirAsia belly cargo activities contributed 45% of total revenue during the quarter, up six percentage points from the previous year. The company attributed the increase to the expansion of its operating model through more than 55 partner airlines.
Cargo volumes also increased during the quarter, with tonnage moved up 25% to 96,783 tonnes. Parcel deliveries rose 122% year-on-year to 61.7 million shipments. The company also recorded a new peak of 1.4 million eCommerce parcels moved in a single day, surpassing its previous daily high of 974,000 parcels recorded in 2025.
Teleport said the growth was linked to continued capacity additions across its network aimed at serving cross-border eCommerce demand in Asia. The company also highlighted the role of a $50 million pre-IPO growth capital raise completed with HPS Investment Partners at a $500 million pre-money valuation earlier this year.
Chief Executive Officer Pete Chareonwongsak said the funding would support the company’s plans to scale its network outside Asia-Pacific despite ongoing geopolitical and market pressures.
“We started 2026 by closing $50 million in pre-IPO growth capital with HPS Investment Partners at a $500 million pre-money valuation – a very strong endorsement of the Teleport model. Even in this challenging climate, this positions us well to capture significant new market demand as we deploy this growth capital with partner airlines to scale the Teleport Network beyond Asia-Pacific. A recent example of this in action was using Tashkent (TAS), Jeddah (JED) and Istanbul (SAW) in combination to deliver to Europe for the first time. This was possible because our hybrid, asset-light model gives us the flexibility to respond quickly to market changes and route through a combination of alternative connecting points. We are also working to re-establish our Teleport hub in Bahrain imminently, connecting Southeast Asia, China, and Australia to the Middle East and onwards to Europe.”
Teleport said the use of alternative transit hubs such as Tashkent, Jeddah and Istanbul enabled it to establish new Europe-bound routing options as global supply chains adjust to operational disruptions and changing trade patterns.
Teleport is a subsidiary of Capital A Berhad, the aviation and logistics group listed on Bursa Malaysia.
