Singapore Post said operating profit for the three months ended Jun, 30 2026 rose 55.2% year on year to 4.1 million Singapore dollars as lower labour expenses and ongoing efficiency measures offset a marginal decline in revenue.

First-quarter revenue slipped 0.9% to 93.4 million Singapore dollars amid continued weakness in international mail and parcel volumes. The fall was cushioned by a 36.5% jump in domestic parcel traffic, January’s postage rate increase and stronger contributions from the Post Office Network and Property Assets segment.

Operating expenses fell 2.4% to 89.3 million Singapore dollars, helped by workforce streamlining, route optimisation and the progressive electrification of the delivery fleet, which partly mitigated higher fuel costs. The operating margin improved to 4.4% from 2.8% a year earlier.

Cash and cash equivalents climbed to 664.4 million Singapore dollars at end-June from 603.8 million Singapore dollars three months earlier, largely due to a 52.8 million Singapore dollars inflow from the sale of 10 post-office Housing Board shop units. The group remained in a net cash position of 314.7 million Singapore dollars.

Looking ahead, Singapore Post said it will continue to pursue domestic parcel growth, expand into business-to-business and healthcare logistics, and evaluate an asset refresh for its SingPost Centre property while maintaining at least 40 post-office touchpoints nationwide.