- SingPost (SGX:S08)'s 2HFY25 revenue fell 12.1% y-o-y to S$387.5m on a like-for-like basis. This was outpaced by a 12.4% y-o-y increase in operating expenses to S$362.7m; as a result, operating profit slipped 6.1% y-o-y to S$24.7m.
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- However, underlying net profit slipped back into the red at -S$0.5m (2HFY24: S$28.1m).
FY25 underlying net profit contracted 40.3% amidst a challenging operating environment.
- On a full year basis, SingPost's FY25 revenue fell 7.5% to S$813.7m, but operating profit improved 30.8% to S$44.3m. PATMI more than tripled to S$245.1m, but underlying net profit was down 40.3% to S$24.8m.
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9 cents special dividend propsed; no final dividend.
- SingPost has proposed a special dividend of 9 Singapore cents per share, representing two-thirds of gains on the disposal of the Australia business. No final dividend was declared.
The Singapore postal and logistics business eked out a 0.2% increase in revenue to S$259.3m for the year.
- Read more at SGinvestors.io.
