SingPost operating profit jumps 55% to $4.1m in Q1 FY26/27

Expenses fell 2.4% even as revenue slipped 0.9%.

Singapore Post Limited’s (SingPost) operating profit rose 55.2% year-on-year to $4.1m in the first quarter of FY26/27 as lower expenses offset a decline in revenue.

Revenue slipped 0.9% to $93.4m, whilst operating expenses decreased 2.4% to $89.3mm, according to a bourse filing.

Operating margin improved to 4.4% from 2.8% a year earlier.

The company attributed the decline in expenses to lower labour-related costs as it continued to streamline operations.

Higher fuel costs during the quarter were partly offset by route optimisation, fleet electrification, and electricity cost hedging, it added.

Within its Logistics & Letters business, domestic parcel volume increased 36.5% to 7.1 million items. Domestic mail volume fell 16.2% to 67.3 million items.

International mail volume dropped 45.1% to 189,700 kilograms (kg), whilst international parcel volume declined 11.2% to 733,200 kg.

SingPost Centre reached 100% committed occupancy as of 30 June, with both its retail and office spaces fully committed.

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