Singapore Post (SingPost) announced a 68.9% decline in full-year operating profit to S$11.8 million for the financial year ended March 31, 2026, as revenue fell 23.1% to S$376.1 million amid sharp drops in its international logistics and letter mail businesses [1, 2, 3]. Net profit plunged 75.2% to S$60.9 million, with earnings per share dropping to S$0.027 from S$0.1089 the year before [3].

In the second half of the financial year, net profit fell 81.5% to S$41.2 million, while revenue declined 18.2% to S$187.6 million. Earnings per share for this period were S$0.0183, down from S$0.0989 the previous year [4, 3, 5, 6]. SingPost attributed the results to ongoing challenges in its logistics and letters segments, particularly international e-commerce deliveries [4, 3, 6].

Despite the profit declines, revenue from the group’s property assets remained stable during the half-year [4, 3, 6]. SingPost’s board recommended a special dividend of 0.41 cent (S$0.0041) per share totaling about S$9.3 million, plus a final dividend of 0.06 cent (S$0.0006) per share, bringing total ordinary dividends for the year to 0.14 cent (S$0.0014) per share [1, 2, 3].

Following the earnings release on May 14, SingPost shares fell between 4% and 5.3%, closing at S$0.355, marking a 43% decline from a year ago [2, 5, 6].

Under CEO Mark Chong, appointed November 1, 2025, SingPost withdrew previous plans to sell SingPost Centre. Instead, it will renovate the key property in Paya Lebar to attract new tenants and shoppers. SingPost has appointed an architect for the upgrades, viewing SingPost Centre as an important asset that generates stable rental income and maintains high occupancy [1, 2, 6].

The company is also reviewing other post office sites in MacPherson, Geylang, Tanglin, Killiney, as well as warehouses and logistics hubs, for potential partial leasing or redevelopment [1, 2].

Chong said, “The full-year results reflect a consolidated baseline from which the group will strengthen and scale its business. Our strategy outlines our road map to navigate evolving market dynamics and drive long-term shareholder value. By investing in technology and automation, focusing on asset enhancement in our property portfolio and working towards financial sustainability in our business” [3].

SingPost’s three-pillar reset strategy includes focusing on property asset enhancement and retaining SingPost Centre as part of its sustainable growth efforts [3, 6].