SingPost reports FY25/26 earnings and outlines strategy

● FY25/26 Net Profit of S$60.9 million and Underlying Net Profit of S$10.7 million
excluding exceptionals and derecognition of aged trade payables
● The Board recommends a final dividend of 0.06 cents per share and supplemental
dividend of 0.41 cents per share
● The Group outlines strategy for sustainable growth

SINGAPORE, 14 May 2026 – Singapore Post Limited (“SingPost”) today announced its
financial results for the year ended 31 March 2026, marking a year of strategic portfolio
consolidation, and outlined its strategy¹ for the Group.

Group Performance and Financial Review

For the financial year ended 31 March 2026, the Group recorded revenue of S$376.1
million, a decline of 23.1% YoY from S$489.1 million. Revenue was impacted by a 55.2%
contraction in International revenue amidst a volatile global macroeconomic environment,
as well as the continued decline in letter mail volumes.

Reflecting the softer international volumes, full-year operating profit fell 68.9% YoY to
S$11.8 million, down from S$37.9 million.

Net profit was S$60.9 million for the full year, boosted by exceptional items and the
derecognition of aged trade payables. Underlying Net Profit (“UNP”) which excludes
exceptional items and derecognition of aged trade payables, stood at S$10.7 million for
the year. Exceptional items of S$19.2 million comprised largely of a fair value gain on
investment properties and a gain on the disposal of subsidiaries. The Group reviewed its
process concerning the recognition and derecognition of liabilities (trade payables) with
overseas postal administrators for international deliveries. Accordingly, S$38.1 million was
derecognised during the financial year.

In the Logistics & Letters business, an 8.1% growth in domestic eCommerce volume and
a postage revision effective 1 January 2026 helped mitigate the 13.5% structural decline in
traditional domestic letter mail volumes. International eCommerce volume fell 57.9% YoY
due to challenging global business conditions.

The Post Office Network successfully narrowed operating losses by 27.4% for the full year
to S$10.7 million. This improvement was underpinned by a 20% reduction in operating
expenses as the Group optimised its physical footprint.

The Property Assets segment remained a pillar of stability and success, with revenue
rising 2.0% to S$80.7 million and operating profit reaching S$45.2 million. Overall property
occupancy reached 99.4%, up from 98.2% the previous year, driven by positive rental
reversions.

“Our results for the year reflect a consolidated baseline from which we will now strengthen
and scale our business. Our strategy outlines our roadmap to navigate evolving market
dynamics and drive long-term shareholder value,” said Mark Chong, CEO of SingPost. “By
investing in technology and automation; focusing on asset enhancement in our Property
portfolio and working towards financial sustainability in our business, we are fortifying the
core of SingPost while expanding purposefully into new logistics services”.

Outlook

SingPost has unveiled its strategy for sustainable growth.

SingPost Centre remains a cornerstone of the Group’s Property Assets business. The
Group will retain SingPost Centre and leverage the government’s longer-term blueprint for
the Paya Lebar region to reap potential value-enhancing opportunities for the benefit of
shareholders. In the near term, the Group is evaluating plans to enhance SingPost Centre
to improve efficiency and yield.

In the Logistics & Letters business, SingPost is transitioning to an improved operating
model over the next few years to navigate shifts in demand. By integrating AI and
automation, the Group aims to reduce the cost to serve by more than 10%.
Simultaneously, the Group is leveraging its core competencies and last mile advantage to
broaden opportunities in logistics such as warehousing and value-added solutions.

With respect to the Post Office Network, SingPost aims to drive value by optimising its
footprint and operations, improving rental income from the post office properties and
developing new revenue streams. The Group is on a firm path to achieve commercial
sustainability for the Post Office Network.

The Group continues to actively monitor broader macroeconomic and geopolitical
developments to ensure operational resilience and agility.

Proposed Final and Supplemental Dividends

The Board has recommended a final dividend of 0.06 cents per share for FY25/26.
Additionally, a supplemental dividend of 0.41 cents per share has been proposed, derived
from the net-of-tax derecognition of aged trade payables. This brings the total proposed
dividends to 0.47 cents per share.

The proposed dividends are subject to the approval of shareholders at the 34th
Annual General Meeting to be duly convened. The date payable and record date for
the dividends will be announced at a later date.

¹ For further details on SingPost’s strategy, please refer to the SGXNET announcement “SingPost Strategy Update: Positioning for Sustainable Growth” on 14 May 2026.

About Singapore Post Limited (SingPost)

Singapore Post (SingPost) is a leading postal and eCommerce logistics provider in Asia
Pacific. The portfolio of businesses spans international postal services, warehousing,
fulfilment and last mile delivery, serving customers in more than 220 global destinations.
Headquartered in Singapore, SingPost has approximately 3,000 employees. Since its
inception in 1858, the Group has evolved and innovated to bring about best-in-class
integrated logistics solutions and services, making every delivery count for people and
planet. www.singpost.com

MEDIA CONTACT
Belinda Tan - belinda.tan@singpost.com

Annex: Financial Highlights for H2 and FY25/26 ended 31 March 2026

* Including proposed final dividend of 0.06 cents per share