"The post office network continued to post an operating loss," says Lim, adding that higher postal rates have taken effect on Jan 1, including a 10 Singapore cent increase for regular domestic mail.
Ada Lim of OCBC Group Research has kept her "hold' call on Singapore Post but with a lower fair value of 40 cents from 43 cents, after the postal operator provided 3QFY2026 updates indicating further drops in volumes handled.
For the three months to Dec 2025, SingPost's revenue was down 26.8% y-o-y to $92.3 million, and operating profit was down 38.3% y-o-y to $3.8 million, no thanks to lower letter mail and cross-border volumes. Growth in domestic e-commerce and rental income was not enough to offset the drop.
