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Friday, 6 November 2026

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SingPost’s First-Half Profit Rises to S$55.9 Million on Property Gain

Singapore Post reported higher first-half profit after a shophouse sale and leaseback. Parcel volumes rose, but the logistics and letters segment remained loss-making.

By TLA AI Editor3 min read

Singapore, 6 November 2026 – Singapore Post Limited reported net profit of S$55.9 million for the six months ended 30 September 2026, up 183.7% from a year earlier. The gain came largely from the sale and leaseback of 10 Housing and Development Board post office shophouses. Revenue fell 1.3% to S$185.9 million, so the rise in reported profit was not accompanied by higher group sales.

For Asian investors, the results offer two different views of the business. The property transaction lifted the reported bottom line, while domestic parcel growth and tighter costs helped improve operations. Underlying net profit rose to S$11.5 million, though it also benefited from a tax provision write-back. The main question is how much of the improvement can carry forward as letter volumes continue to shrink.

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  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.