SEA Ltd has surged past $100b valuation, fuelled by Shopee’s revival, Monee’s fintech growth and Garena’s steady gaming momentum.
Sea Ltd has officially entered Singapore’s corporate elite, becoming only the second Singapore-listed company after BS Group Holdings to surpass a market capitaliation of $100 billion. The tech titan’s valuation reached $103.1 billion, following a stellar performance in the second quarter of 2025 performance and an extraordinary share price rebound. On August 12, 2025, shares of the New York Stock Exchange-listed company surged 18.9%, closing at $174.12. This rally lifted the stock 64.1% year-to-date, making it five times more valuable than its January 2024 low of $34.82. Triple-engine growth in second quarter Sea’s net earnings jumped 418.3% year-on-year to $414.2 million, compared to $79.9 million in the same period last year. Revenue rose 38.2% to $5.3 billion, driven by all three core divisions:
Division Revenue in second half 2025 YoY growth Key drivers
Shopee (e-
commerce)
N/A (part of total) +33.6% Strong growth in Southeast Asia, Taiwan, Brazil
Monee (digital
financial services)
$882.8 million +70% Loan expansion, BNPL, cash loans
Garena (gaming)
N/A (part of total) +23.2% bookings New titles and steady engagement
Shopee: Comeback story of the year
Shopee, Southeast Asia's largest e-commerce platform, staged a rembarkable turnaround after a period of stagnation under market pressure. In the second half of 2025, its revenue grew by 33.6%, benefiting from higher transaction volumes and improved monetisation across its operations in Southeast Asia, Taiwan, and Brazil.
Monee: Driving fintech success The stat performer was Monee, Sea’s fast-growing digital financial services arm. Its revenue soared 70% to $882.8 million, supported by:
· Total loans outstanding: $6.9 billion
· Non-performing loan ratio (over 90 days): Just 1%
· New milestone: Loan book exceeding $1 billion in Malaysia, joining Indonesia and Thailand
Momentum Works, a market intelligence firm, credits Monee’s prudent credit management as a major factor in Sea’s stable performance. Notably, off-Shopee loans (cash and BNPL outside the e-commerce platform) are a growing revenue source. Garena: Steady gaming growth Garena, Sea’s gaming division, has shown up with 23.2% increase in bookings which is reflecting continued demand for its popular titles and expanding user engagement. A rare Singaporean tech giant Sea’s chairman and CEO, Forrest Li, is focusing the company more towards on sustainable growth and long-term profitability. The strong combination of strong e-commerce, fintech scale-up, and gaming resilience is making Sea one of Singapore’s most prominent players on the global digital economy stage. Singapore is increasing its influence in technology and finance worldwide by highlighting its milestone as Sea joins DBS in the over-$100billion league.