Shopee powers Sea Limited to $1.6b full-year net income

The group reported net income of $410.9m in Q4.

Sea Limited reported that its e-commerce platform Shopee delivered strong results in 2025, fuelling overall company growth.

In the fourth quarter, Shopee processed 4 billion gross orders, up 30.5% year-on-year, with gross merchandise value (GMV) reaching $36.7b , a 28.6% increase.

For the full year, Shopee served around 400 million active buyers and 20 million sellers, according to said Forrest Li, Sea’s chairman and chief executive officer.

He said the company aims to grow Shopee’s annual GMV by around 25% in 2026, with adjusted EBITDA at least matching 2025 levels.

The group reported Q4 net income of $410.9m, up 72.9% year-on-year, and full-year net income of $1.6b.

“The strong set of 2025 results is a validation of the effectiveness of our strategic choices for Shopee,” said Li. “We believe our strong growth momentum and healthy profitability will continue into the year ahead.”

Other segments, including Garena and Monee, also contributed to growth, with Garena averaging 100 million daily players and Monee gaining 20 million first-time borrowers.