Asia's logistics giant, SF Holding, has reported a stellar first half of 2026, highlighted by a massive surge in international supply chain revenue and increased shareholder returns.

  • SF Holding reported total revenue of RMB 155.5 billion for H1 2026.
  • Supply Chain and International revenue (excl. KLN) surged by 46.6% YoY.
  • Adjusted net profit rose 9.3% to RMB 5.0 billion.
  • Interim dividend payout ratio increased to 45%.

S.F. Holding Co., Ltd., the leading integrated logistics service provider in Asia, has unveiled its financial results for the first half of 2026. The company demonstrated significant resilience and growth, reporting a total revenue of RMB 155.5 billion. This performance has propelled the company to the 372nd spot on the 2026 Fortune Global 500 list, alongside an upgraded MSCI ESG Rating of "AA".

A standout feature of this reporting period is the rapid acceleration of SF's second growth engine: the Supply Chain and International business. While total revenue for this segment grew by 15.6% year-over-year, the core revenue—when excluding KLN—witnessed a staggering 46.6% surge. This indicates a successful strategic pivot toward global markets and complex supply chain solutions.

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Why This Matters

BozokMedia analysis shows that SF Holding is successfully transitioning from a domestic express leader to a global logistics powerhouse. By integrating AI-driven efficiency and digital intelligence, the company is capturing the growing demand from large enterprises seeking resilient and agile cross-border supply chains.

"Through seizing global growth opportunities and leveraging AI-driven efficiency gains, we will drive sustainable business growth and deliver enhanced returns to our shareholders." - Alex Ho, CFO, SF Holding

In the domestic sector, SF maintained its competitive moat through network optimization. The premium time-definite express segment saw a 5.3% increase, while the freight business saw a 20% expansion in volumes for industrial items exceeding 100kg. This diversification ensures that the company remains stable even as it aggressively pursues international expansion.

International Segment Growth Comparison

Segment (Excluding KLN)YoY Growth Rate
International Supply Chain155%
International Express & E-commerce60%
Total Supply Chain & International46.6%

To reward its investors, SF Holding has announced an increase in its 2026 interim dividend payout ratio to 45%, up from 40% in 2025. Furthermore, the company's Five-Year Shareholder Return Plan (2024-2028) aims to progressively increase this ratio to at least 50% by 2028.

Did You Know?: SF Holding operates Asia's largest all-cargo fleet, boasting 111 aircraft to support its massive cross-border operations.

Frequently Asked Questions

1. How much did SF Holding's net profit grow?
The adjusted net profit increased by 9.3% year-over-year, reaching RMB 5.0 billion.

2. What is the target dividend payout for 2028?
Under the updated Five-Year Plan, the company targets a dividend payout ratio of no less than 50% in 2028.