SingPost down 4% after H2 earnings dive

[SINGAPORE] Shares of Singapore Post (SingPost) fell on Thursday (May 14) after the national postal service provider reported a sharp drop in net profit for its second half.

The stock declined 4 per cent or S$0.015 to S$0.36 as at 9.54 am, with around 10.1 million shares changing hands. This was 43.3 per cent lower than its closing price of S$0.635 one year ago on May 14, 2025.

It recovered somewhat to S$0.365 as at 10.05 am, still down by 2.7 per cent or S$0.01, with some 10.3 million shares transacted.

This follows SingPost’s H2 earnings results, released before the market opened, where net profit fell 81.5 per cent to S$41.2 million from S$222.5 million in the year-ago period.

The decline came “as the operating environment for the logistics and letters business, particularly in international e-commerce delivery, remained challenging”, said the group.

The post office network segment also logged declines but its property assets revenue remained “relatively steady” during the period, it added.

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Earnings per share (EPS) stood at S$0.0183, down from an EPS of S$0.0989 in the previous corresponding period.

Revenue for the six months fell 18.2 per cent on the year to S$187.6 million from S$229.5 million.

SingPost on Thursday also outlined a three-pillar reset strategy for sustainable growth that includes plans to retain its flagship SingPost Centre to tap the building’s upside potential.