Singapore-based Sea Limited lifted both its sales and profit considerably in the fourth quarter, as its e-commerce arm Shopee continued to see strong growth over the period.

The New York-listed company posted revenue of US$6.9 billion for the quarter ended December 31, up 38.4 per cent year-on-year. Gross profit rose 36 per cent to $3 billion, and net income surged 72.9 per cent to $410.9 million.

At Shopee, revenue increased 35.8 per cent to $5 billion. Gross orders were up 30 per cent to 4 billion, and GMV rose 28.6 per cent to $36.7 billion.

The Monee financial services segment lifted sales by 54 per cent to $1.1 billion, while the Garena online games segment saw revenue increase 35 per cent to $701.0 million.

Sales and marketing expenses rose 25.4 per cent for Shopee and 96.2 per cent for Monee during the quarter.

For the full year, Sea’s revenue grew 36.4 per cent to $22.9 billion. Net income jumped to $1.6 billion from $447.8 million in the prior year.

“We were successful in 2025 because we chose the right set of strategies and we executed them well,” said Forrest Li, Sea’s chairman and CEO.

“This broad-based robust growth is healthy and sustainable, underpinned by the growing scale of users that we serve,” he added.

The company expects the growth momentum and healthy profitability will continue into the year ahead, aiming to grow Shopee’s annual GMV by around 25 per cent.

• Further reading: Sea’s profit declines as Shopee fends off rivals.