UNLOCKING
VALUE
BOARD
Statement
Dear Shareholders,
Over the past fiscal year, SingPost has navigated a challenging operating environment marked by persistent uncertainty, supply chain volatility, and structural shifts in logistics.
Despite these headwinds, the Board remained steadfast in executing the Strategic Review announced in March 2024, which committed to address the significant gap between SingPost’s market value and its intrinsic value.
Despite these headwinds, the Board remained steadfast in executing the Strategic Review announced in March 2024, which committed to address the significant gap between SingPost’s market value and its intrinsic value.
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Simon Israel
Chairman
Despite headwinds, the Board remained steadfast in executing the Strategic Review announced in March 2024, which committed to address the significant gap between SingPost’s market value and its intrinsic value.
Simon Israel
Chairman
AT A GLANCE
Revenue of
S$813.7
million
S$245.1
million net profit
S$222.2
million net exceptional gain
Successfully divested the Australia business for an enterprise value of
A$1.02
billion
Divestment reflects a
4x
levered return on equity in the Australia business
Investment in automation to increase small parcel throughput by
3x
enabling processing of up to 400,000 parcels per day
Launched
POPDrop
an innovative tech-driven parcel drop-off service with real-time trackability
37%
reduction in total Scope 1 and 2 emissions in Singapore from our FY2018/19 baseline
Achieved about
26%
operational recycling rate
Zero
work-related fatalities
GROUP
Financials
Income Statement
(1)
For financial years ended 31 March 2025 and 2024, the consolidated income statement of the Group is presented as “Continuing Operations”, which excludes SingPost Australia Investments Pty Ltd (“SPAI”) and its subsidiaries (as defined in the announcement dated 2 December 2024). Discontinued operations arise from SPAI and its subsidiaries (“SPAI Group”).
(2)
Net profit is defined as profit attributable to equity holders of the Company.
(3)
Underlying net profit is defined as net profit before exceptional items, net of tax.
SUSTAINABILITY
Overview
Income Statement
Resilient, Ready and Responsible in a Shifting Global Landscape
SingPost operates within an increasingly volatile global environment for eCommerce logistics, shaped by ongoing geopolitical tensions, trade disruptions, shifting regulatory requirements, and dynamic economic conditions. Against this backdrop of uncertainty, the Group remains steadfast in advancing our sustainability strategy, placing emphasis on strengthening organisational resilience and adaptability in the face of complex and evolving challenges.
In light of the increasingly stringent global regulations regarding corporate sustainability disclosures, proactive measures have been implemented to align with the International Sustainability Standards Board (ISSB) framework. These steps reflect a commitment to transparency and responsibility in corporate sustainability practices. During the year, we commenced phased alignment with the ISSB International Financial Reporting Standards (IFRS) S2 requirements, reflecting our commitment to transparent, robust, and forward-looking sustainability reporting. As part of this process, the Group conducted an internal review of Scope 1 and 2 emissions, laying the foundational groundwork to support external assurance in the years ahead. These efforts underscore our focus on building credibility and readiness in an era of heightened disclosure expectations.
In light of the increasingly stringent global regulations regarding corporate sustainability disclosures, proactive measures have been implemented to align with the International Sustainability Standards Board (ISSB) framework. These steps reflect a commitment to transparency and responsibility in corporate sustainability practices. During the year, we commenced phased alignment with the ISSB International Financial Reporting Standards (IFRS) S2 requirements, reflecting our commitment to transparent, robust, and forward-looking sustainability reporting. As part of this process, the Group conducted an internal review of Scope 1 and 2 emissions, laying the foundational groundwork to support external assurance in the years ahead. These efforts underscore our focus on building credibility and readiness in an era of heightened disclosure expectations.
In FY2024/25, we initiated a double materiality assessment to evaluate sustainability topics from both a financial and impact perspective while ensuring we prioritise issues most relevant to our business and stakeholders. The insights gained will serve as the basis for the development of new material topics and the refreshed sustainability targets to be disclosed in our next reporting cycle.
At a Glance
Achievements
Board Statement
Board of Directors
Executive Team
FY2024/25 Business Overview
International
Australia
Singapore