Alright, let’s dive into this whirlwind of numbers, huh? I mean, I don’t even know if I should start with the revenue… or maybe the profit… or—whatever, let’s just get into it. So, SingPost, this company, right? They said their revenue for the second half of FY2025 took a nosedive. Something like S$387.5 million, which sounds like a lot, until you realize it’s actually down by 12.1% from last year. So, yeah, not great, Bob. And the culprit? Apparently, our trusty Singapore postal services and some eCommerce stuff didn’t play nice. Figures.
And then—wait, where was I? Oh! The profits, or lack thereof, took a hit too. Down by 6.1%! How fun. Plus, they ended with a net loss of S$0.5 million. Like, yikes. But here’s a twist: they sold this Australian thingy, SPAI (sounds like something out of a sci-fi, doesn’t it?) in March 2025. Anyway, they snagged S$222.2 million from that sale. That’s some serious chedda.
Now, oddly, that’s how SingPost’s net profit looked all shiny and new, jumping to S$222.9 million just like that. Magic? Probably not. But they got all generous and threw a 9 cents per share special dividend. Eh, I suppose it’s like throwing crumbs back, around two-thirds of what they got from ditching SPAI. Hopefully, the shareholders were thrilled. Or at least mildly amused.
Oh, and about those different segments—well, it was a mixed bag. Singapore-side of things? Revenues dropped by 5.8% to S$160.2 million. Blame it on eCommerce delivery volumes going down by 16.8%. Ouch. Yet somehow, the Singapore Property segment decided to be all overachiever and increased by 10.7%, reaching S$44.0 million. Go figure.
So yeah, this SingPost story is kind of a rollercoaster, isn’t it? Or maybe I just got caught up in the numbers. Nothing like a little fiscal drama to spice up your day, right?
