Full Truck Alliance Co. Ltd. announced strong financial results for the second quarter ended June 30, 2025, with total net revenues reaching RMB3,239.1 million, a 17.2% increase year-over-year. Net income rose 50.5% to RMB1,264.8 million, and non-GAAP adjusted net income increased by 39.3% to RMB1,352.1 million.
Operational metrics showed significant progress, with fulfilled orders increasing by 23.8% year-over-year to 60.8 million, and the fulfillment rate reaching a historical high of 40.7%. Average shipper MAUs grew 19.3% to 3.16 million, and active truckers increased by 9% to 4.34 million.
For the third quarter of 2025, the company expects total net revenues between RMB3.07 billion and RMB3.17 billion, representing a moderated growth rate of 1.3% to 4.6% year-over-year due to changes in freight brokerage service fees. Excluding freight brokerage, net revenues are projected to grow 23.4% to 29.1%. The board also approved a semi-annual cash dividend of US$0.0048 per ordinary share, or US$0.0960 per ADS, totaling approximately US$100 million, payable around October 27, 2025.
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