Singpost- ● 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

 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.

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.

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.

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.