Singapore Post Limited delivered its half-year results, reflecting a successful streamlining of its business and a return to a positive underlying net profit. The company focused on disciplined capital management and prudent cost control to navigate persistent weakness in the global logistics and eCommerce sectors. Management is committed to strengthening core businesses and investing in infrastructure to enhance service levels and expand processing capacity for future growth.

• The company has created a leaner, more focused corporate profile through significant divestments, including the unwinding of key international business cross-holdings

• Despite overall financial stability, the Logistics & Letters segment recorded an operating loss primarily due to a challenging market environment and reduced cross-border delivery volumes

• Stable contributions and increased rental income from the Property Assets segment, particularly SingPost Centre, helped offset the softer performance elsewhere