On a segmental basis, the company’s logistics and letters division declined by 33.1% or $75.9 million to $153.4 million. The division handles post and parcel related activities which encompass the collection, sortation, transportation and distribution of domestic and international mail and parcels, as well as e-commerce logistics, warehousing, fulfilment and distribution services. It suffered an operating loss of $4.4 million, in contrast to a profit of $13.7 million for 1H 2024/2025.
In its latest earnings announcement, Singapore Post Limited (SingPost) reported a net profit of $18.4 million for its half-year ending Sept 30 (1H 2025/2026). Excluding exceptional gains, underlying net profit fell 78% y-o-y to $5.5 million from $25.2 million.
Total revenue came in at $188.4 million, declining 27.4% or $71.2 million from the previous corresponding period. The decline in revenue and net profit was attributed largely to a slump in cross-border e-commerce business, with discontinued operations also impacting net profit.
