Trafigura Group tops the 2026 Fortune Southeast Asia 500 for the third consecutive year, with US$240.3 billion in revenue
Vietnam companies emerge as the ranking's standout growth story, with aggregate revenue up 10.5% — triple the regional average
Revenue threshold to qualify for the 2026 Fortune Southeast Asia 500 jumps 26% to US$440.6 million
Two Singapore-based crypto-mining firms debut on the list
40 female CEOs on the list, including Fortune's Most Powerful Woman in Asia, DBS CEO Tan Su Shan
SINGAPORE, June 16, 2026 /PRNewswire/ -- Today, Fortune announced the Fortune Southeast Asia 500™ rankings for 2026, the third annual list of the largest companies in the region, ranked by revenue for the 2025 fiscal year.
Topping the 2026 Fortune Southeast Asia 500 for the third consecutive year is Singapore-headquartered commodity trader Trafigura Group (No. 1), with US$240.3 billion in revenue. It is followed by Thailand's state energy company PTT (No. 2, US$81.0 billion), Indonesia's Pertamina (No. 3, US$70.9 billion), Singapore-based agribusiness giant Wilmar International (No. 4, US$70.4 billion), and fellow Singapore company Olam Group (No. 5, US$51.5 billion). Three of the top five are headquartered in Singapore.
Vietnam was the ranking's standout growth story. The country's 72 companies generated US$177.9 billion in aggregate revenue, up 10.5% year-over-year — triple the regional average. Despite representing less than 10% of the overall revenue base, Vietnam's companies contributed roughly a quarter of this year's total revenue growth across the entire ranking.
Thailand leads all countries with 105 companies on the list, narrowly ahead of Indonesia's 104. Singapore's 82 companies generate the ranking's highest aggregate national revenue at US$657.6 billion. Malaysia accounts for 93 companies, Vietnam 72, the Philippines 42 — up two from last year — and Cambodia 2.
Energy remained the dominant sector by revenue at 31.5% across 57 companies, led by the state-linked oil and gas majors that have anchored the list since its 2024 launch. Financials ranked second by company count with 76 companies, contributing 16.2% of revenue. Yet the story flips when considering profits: Energy players accounted for 15.7% of profits on the list compared to 43% for Financials. Among the 34 new entrants, Thailand added the most with nine, followed by Malaysia with eight; Financials and Engineering & Construction each contributed six.
The revenue threshold for the 2026 Fortune Southeast Asia 500 rose to US$440.6 million — 26% higher than last year's. The 500 companies collectively generated US$1.878 trillion in revenue for fiscal year 2025, up 3.4% from the comparable figures in last year's published list, with combined profits of US$150.0 billion. Concentration at the top remains pronounced: the top five companies account for US$514.1 billion in revenue (27.4% of the total); the top 20 account for US$850.4 billion (45.3%).
"What this year's Southeast Asia 500 really tells us is that the region is starting to decouple from its commodity identity. The corporate center of gravity is moving toward finance, technology, and a new tier of national champions," notes Andrew Staples, Editorial Director, Asia. "The fourth edition, in 2027, will tell us whether 2026 marked the start of a genuine reordering of the Southeast Asian corporate landscape — or simply a particularly good year for the region's emerging tier," he adds.
Thirty-four new companies joined the ranking, including two Singapore-headquartered bitcoin miners making their first appearance on the list. Bitdeer Technologies Group (No. 401) with US$620.3 million in revenue, and BitFuFu (No. 475) with US$477.5 million, are the first crypto-mining companies ever to qualify for the Fortune Southeast Asia 500, a sign that the region's corporate landscape is broadening into new categories even as the bar to compete rises sharply.
Among movers, Yanlord Land fell 98 places as revenue dropped 60.5%, and Lopez Holdings fell 94 places on a 49.5% revenue decline. On the upside, both standout risers came from Indonesia: Hartadinata Abadi climbed 115 places on revenue growth of 135%, while Barito Pacific rose 102 places on growth of 220%.
Among the 500 companies, 40 are led by female CEOs — including Tan Su Shan of DBS (No. 8), who ranks sixth globally and first in Asia on Fortune's 2026 Most Powerful Women in Business list.
In his introduction to the new list in the June/July issue of Fortune Asia magazine, editor, Asia, Nick Gordon notes, the Fortune Southeast Asia 500 captures "Southeast Asia shrugged off tariffs and trade protectionism last year to remain one of the world's most dynamic regions. Southeast Asian countries are vital nodes in global supply chains; foreign investment from both Asia and the West is pouring in; and the region's young, mobile-savvy consumers are driving domestic spending."
The 2026 Fortune Southeast Asia 500 list and stories are available internationally on Fortune.com/asia and on newsstands across Asia starting today, June 16. The list and rankings can be viewed at https://fortune.com/asia/ranking/southeast-asia-500/2026/.
About Fortune
Fortune is the premier global media company for global business leaders, built on a 96-year-old legacy of trusted, award-winning journalism. Independently owned, Fortune tells the story of business, spanning legacy companies to the world's new generation of innovators. Fortune measures corporate performance through rigorous benchmarks, and holds companies accountable, in regions around the world. Its iconic rankings include Fortune 500, Fortune Global 500, Most Powerful Women, and World's Most Admired Companies. Fortune builds world-class communities by convening industry thought leaders for exclusive summits and conferences, including the Fortune Global Forum, Fortune Brainstorm Tech, and Fortune Most Powerful Women. For more information, visit fortune.com.
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Fortune
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Fortune in Asia
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Fortune
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Fortune Unveils 2026 Southeast Asia 500
- New EFG MB and EFG MC electric counterbalance forklifts available to order
- Models cover load capacities from 1.6 to 3.0 tonnes, with lead-acid and lithium-ion battery options
- Configurable performance, safety and digital features support applications from warehousing and manufacturing to distribution and retail
- Integrated telematics and Jungheinrich's regional service network help customers improve fleet availability and operating efficiency
SINGAPORE, Oct. 20, 2026 /PRNewswire/ -- Jungheinrich today announced the Asia-Pacific launch of the next generation of its EFG MB and EFG MC electric counterbalance forklifts, giving businesses greater flexibility to match truck performance, energy systems and operator features to their specific applications. The new models are now available to order.
Designed for warehouses, manufacturing plants, distribution centres, retail operations, pharmaceutical facilities and general industry, the EFG M series addresses a broad range of material-handling requirements across the region. The three-wheel EFG MB covers load capacities from 1.6 to 2.0 tonnes and is designed for manoeuvrability in confined spaces. The four-wheel EFG MC covers load capacities from 2.0 to 3.0 tonnes and provides stability and precise control for indoor and outdoor transport and stacking. Both series offer lift heights of up to 6,500 mm.
Configured around the customer's operation
Customers can select the combination of performance, battery technology, controls, comfort, safety and digital functions that best fits their workload and operating environment.
"Different operations have different requirements. With the EFG M series, customers can configure the truck around their application, workload and operators – whether they need greater manoeuvrability for confined warehouse spaces or a stable, powerful truck for demanding transport and stacking work," said Lisa Jing Xue, Managing Director, Qingpu Plant, Jungheinrich.
"We carried out extensive customer research to understand what the market needs. Customers can invest in the performance required today and add further capabilities as their application demands," she added.
Flexible performance and energy options
Two performance packages are available. efficiencyPLUS balances performance and energy use for everyday handling, while drive&liftPLUS delivers higher driving and lifting performance for high-throughput operations. The drive&liftPLUS package is standard on models with load capacities from 2.5 to 3.0 tonnes.
Customers can choose lead-acid or lithium-ion batteries from 346 to 690 Ah to suit utilisation levels and shift patterns. Energy recovery during braking of up to 30 per cent helps extend uptime and reduce energy costs per shift.
Safety, comfort and connected fleet management
Flexible seating and cabin options, onboard storage and responsive controls support operator comfort throughout the shift. Customers can select manual hydraulic levers or optional fingertip controls, together with a standard 2-inch display or optional 4-inch display.
A slim B-pillar, protected glass roof and compact mast profiles provide a clear view of the load and surrounding area. On the EFG MC, curveCONTROL is standard and automatically reduces speed when cornering. Optional assistance and lighting systems provide additional protection for operators, pedestrians and goods.
Integrated telematics is standard and connects with Jungheinrich Fleet Management. Fleet data is available from day one, supporting utilisation analysis, maintenance planning, pre-operational checks and informed replacement decisions.
Regional service support
"Every EFG M truck is backed by Jungheinrich's global team of more than 6,100 trained customer service technicians, supported by genuine Jungheinrich parts and product-specific expertise. Because the series uses proven Jungheinrich components and integrated truck data, we can support faster parts supply and more effective maintenance planning," said Madhukar Kaissary, Senior Director, Customer Service, Jungheinrich APAC.
The EFG M series forms the configurable core of Jungheinrich's electric counterbalance portfolio in Asia-Pacific, alongside AntOn by Jungheinrich for straightforward value-focused applications and the FalcOn technology platform for future heavy-duty electric handling.
For more information customers can contact their local Jungheinrich team or authorised dealer.
About Jungheinrich
As one of the world's leading providers of material handling solutions, Jungheinrich has been advancing the development of innovative and sustainable products and solutions for material flows for more than 70 years. In the 2025 financial year, Jungheinrich and its workforce of around 21,000 employees generated revenue of €5.5 billion. The global network comprises 12 production plants and service and sales companies in 42 countries. In the APAC region, the company has established eight direct sales units and over 14 partner countries, supported by a dedicated team of Key Account and After Sales professionals. Find your nearest Jungheinrich branch or authorised dealer at www.jungheinrich.com.sg/about-us/location-finder
SINGAPORE, Oct. 20, 2026 /PRNewswire/ -- Jungheinrich today announced the Asia-Pacific launch of the next generation of its EFG MB and EFG MC electric counterbalance forklifts, giving businesses greater flexibility to match truck performance, energy systems and operator features to their specific applications. The new models are now available to order.
Designed for warehouses, manufacturing plants, distribution centres, retail operations, pharmaceutical facilities and general industry, the EFG M series addresses a broad range of material-handling requirements across the region. The three-wheel EFG MB covers load capacities from 1.6 to 2.0 tonnes and is designed for manoeuvrability in confined spaces. The four-wheel EFG MC covers load capacities from 2.0 to 3.0 tonnes and provides stability and precise control for indoor and outdoor transport and stacking. Both series offer lift heights of up to 6,500 mm.
Configured around the customer's operation
Customers can select the combination of performance, battery technology, controls, comfort, safety and digital functions that best fits their workload and operating environment.
"Different operations have different requirements. With the EFG M series, customers can configure the truck around their application, workload and operators – whether they need greater manoeuvrability for confined warehouse spaces or a stable, powerful truck for demanding transport and stacking work," said Lisa Jing Xue, Managing Director, Qingpu Plant, Jungheinrich.
"We carried out extensive customer research to understand what the market needs. Customers can invest in the performance required today and add further capabilities as their application demands," she added.
Flexible performance and energy options
Two performance packages are available. efficiencyPLUS balances performance and energy use for everyday handling, while drive&liftPLUS delivers higher driving and lifting performance for high-throughput operations. The drive&liftPLUS package is standard on models with load capacities from 2.5 to 3.0 tonnes.
Customers can choose lead-acid or lithium-ion batteries from 346 to 690 Ah to suit utilisation levels and shift patterns. Energy recovery during braking of up to 30 per cent helps extend uptime and reduce energy costs per shift.
Safety, comfort and connected fleet management
Flexible seating and cabin options, onboard storage and responsive controls support operator comfort throughout the shift. Customers can select manual hydraulic levers or optional fingertip controls, together with a standard 2-inch display or optional 4-inch display.
A slim B-pillar, protected glass roof and compact mast profiles provide a clear view of the load and surrounding area. On the EFG MC, curveCONTROL is standard and automatically reduces speed when cornering. Optional assistance and lighting systems provide additional protection for operators, pedestrians and goods.
Integrated telematics is standard and connects with Jungheinrich Fleet Management. Fleet data is available from day one, supporting utilisation analysis, maintenance planning, pre-operational checks and informed replacement decisions.
Regional service support
"Every EFG M truck is backed by Jungheinrich's global team of more than 6,100 trained customer service technicians, supported by genuine Jungheinrich parts and product-specific expertise. Because the series uses proven Jungheinrich components and integrated truck data, we can support faster parts supply and more effective maintenance planning," said Madhukar Kaissary, Senior Director, Customer Service, Jungheinrich APAC.
The EFG M series forms the configurable core of Jungheinrich's electric counterbalance portfolio in Asia-Pacific, alongside AntOn by Jungheinrich for straightforward value-focused applications and the FalcOn technology platform for future heavy-duty electric handling.
For more information customers can contact their local Jungheinrich team or authorised dealer.
About Jungheinrich
As one of the world's leading providers of material handling solutions, Jungheinrich has been advancing the development of innovative and sustainable products and solutions for material flows for more than 70 years. In the 2025 financial year, Jungheinrich and its workforce of around 21,000 employees generated revenue of €5.5 billion. The global network comprises 12 production plants and service and sales companies in 42 countries. In the APAC region, the company has established eight direct sales units and over 14 partner countries, supported by a dedicated team of Key Account and After Sales professionals. Find your nearest Jungheinrich branch or authorised dealer at www.jungheinrich.com.sg/about-us/location-finder
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Jungheinrich Launches Next-Generation EFG M Electric Forklifts Across Asia-Pacific
