Is its category moving in its favor or against it?
Singapore Post’s category is moving against it: revenue fell 23.1 per cent in FY2026 to S$376.1 million from S$489.1 million, and the operating environment for its logistics and letters business remains challenging.
Operating profit for the quarter ended 30 June 2026 rose 55.2 per cent to S$4.1 million from S$2.6 million a year earlier.
2Risk Factors
Which risks could break the thesis, and what would warn of them?
Governance and revenue are where Singapore Post's risks concentrate: it dismissed its chief executive officer and several other senior leaders following allegations related to its international e-commerce logistics parcels business, and FY2026 revenue declined 23.1 per cent to S$376.1 million from S$489.1 million.
Singapore Post appointed Mark Chong as group chief executive officer effective 1 November 2025.
3Product Overview
What does the product do for its buyer, and how is it delivered?
Singapore Post sells integrated postal and logistics services. Its portfolio spans international postal services and warehousing, fulfilment and last-mile delivery, which carry a shipment from acceptance.
Singapore Post offers mail management services for relocating, travel or missed deliveries. The company lets users look up postage rates and locate posting boxes or lockers.
