Sea actions jump almost 20% after a fortified Q2, while the CEO forrest Li is looking for new growth opportunities

SEA declared a turnover of $ 5.3 billion for the quarter ending in June 2025, a leap of almost 40% of one year over the other. Net profit has also reached $ 414.2 million, more than five times greater than 79.9 million dollars recorded a year ago.

The three commercial divisions of SEA – EC Commercial Commission, the Garenena video game developer and the Fintech Monee unit – two -digit income growth had.

“The momentum of our solid start to 2025 continued in the second quarter. Our three companies offered healthy and robust growth, which gives us greater confidence to provide another great year,” said CEO forrest Li in prepared remarks.

Shope, the main electronic commerce platform in Southeast Asia and Taiwan, is still the largest contributor to sea activities, which contributes 72% of total income. The gross value of shopping goods increased by 25% in the first half compared to 2024.

Monee, the recently renamed financial services arm, has also maintained strong growth. His loan book increased by 94% in annual sliding, reaching $ 6.9 billion.

The success of the sea

SEA, n ° 15 on Southeast Asia 500, has now recorded two consecutive years of profit, an important step for the company after a period of painful reduction and restructuring.

In previous profits calls, Li has credited AI tools and its logistics network to improve the profitability of the Sea electronic commerce department.

On Wednesday, Li said that the sea had “reached a stadium where we can pursue growth opportunities while improving profitability”.

Such an opportunity for growth is Brazil. Buyers extended to Brazil in 2019 and is now one of the country’s main electronic commerce platforms. During a call with analysts, Li and the financial director Tony Hou were optimistic about the prospects of the sea in Brazil.

Hou said Sea had a “significant place” to grow in Brazil, even if competitors like Tiktok of PDD Holdings and Bytedance entered the market. Li also underlined the potential of Brazil as a market for SEA financial services, highlighting a “very good growth” of the accounting value of loans for the second quarter.