Revenue fell 27.4% y-o-y to $188.4 million in the latest six-month period, which SingPost attributes to a “challenging operating environment” for the logistics business, particularly in cross-border e-commerce delivery volumes.
Singapore Post (SingPost) has posted net profit of $18.4 million for 1HFY2026 ended Sept 30, 17.1% lower y-o-y. The decline was largely due to contributions from the divested Australia business in the prior period, which offset the exceptional gains in 1HFY2026, says the company on Nov 10.
During the half-year period, SingPost recorded underlying net profit of $5.5 million, compared to a loss in the preceding 2HFY2025. Still, 1HFY2026 underlying net profit was 78% lower y-o-y.
