THE BIGGEST COMPANIES IN A REGION IN FLUX

ENERGY PLAYERS AND TRADERS DOMINATE THIS YEAR'S SOUTHEAST ASIA 500, BUT TECH IS ON THE RISE.

- BY NICHOLAS GORDON

THIS YEAR’S Southeast Asia 500, Fortune's second annual ranking of the area’s largest companies by revenue, is a snapshot of a region ready to take advantage of global supply-chain shifts and booming industries like mining, EVs, and AI—even as U.S. tariff policy threatens to roll back some of last year’s gains.

Companies on this year’s 500 list generated $1.82 trillion in revenue last year, up 1.7% from the year before. That lags the 4.1% GDP growth reported across the seven economies covered in this ranking: Cambodia, Malaysia, the Philippines, Indonesia, Thailand, Singapore, and Vietnam.