- SingPost provided a 1QFY26 business update – Excluding discontinued operations, group revenue fell 23.8% y-o-y to S$162.3m. This was driven by a broad-based decline in volumes across letter mail, as well as domestic and international e-commerce.
Operating profit fell 60% y-o-y amidst a challenging market environment.
- - Read this at SGinvestors.io -
- Group operating expenses declined by a slower 22.7% y-o-y to S$158.2m, as the company right-sizes its cost base.
- Altogether, SingPost's 1HFY26 operating profit came in at S$3.4m, which is 60% lower y-o-y and translates to an operating margin of 2.1% (1QFY25: 3.9%).
Focus on maximising asset utilisation and driving operational efficiency.
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- With the completion of the board renewal, the search for a Chief Executive Officer (CEO) is underway, though no updates were provided on the timeline for a new strategy to be shared with the market.
Revised fair value estimate of S$0.495.
- Read more at SGinvestors.io.
