Teleport delivered strong growth in 1Q2026, with revenue up 34% to USD78 million. This was driven by the continued capacity expansion across its asset-light network to capture more eCommerce demand, especially on the Southeast Asia and China corridors. Non-AirAsia belly activities accounted for 45% of total revenue, a 6ppts YoY improvement as the operating model expands through Teleport’s 55+ partner airlines. This resulted in the second-highest tonnage on record at 96,783 tonnes moved (+25% YoY) and 61.7 million parcels delivered (+122% YoY) in 1Q2026, hitting a new daily peak of 1.4 million eCommerce parcels moved per day.

1Q2026 EBITDA was USD5.4 million, up 6% while Net Operating Profit (NOP) increased 7x YoY to USD0.8 million (from USD0.1 million), reaffirming the emerging operating leverage of Teleport's asset-light network as it pursues global scale.

CEO of Teleport, Pete Chareonwongsak on the business outlook:

“We started 2026 by closing USD50 million in pre-IPO growth capital with HPS Investment Partners at a USD500 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 onward to Europe.”