For the year ended March 31, SingPost reported earnings of $245.1 million, up 78.3% y-o-y.
If the exceptional items were excluded, underlying net profit for the year was $24.8 million, down 40.3% y-o-y.
In the more recent 2HFY2025, SingPost's underlying bottomline was a marginal loss of $0.5 million, versus $28.1 million.
For the full year, revenue was down 7.5% y-o-y to $813.7 million.
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"This downturn reflects the intensifying challenging and uncertain conditions in the global logistics sector," the company explains.
SingPost warns that US tariffs have disrupted international trade flows, created greater volatility in supply chains and weakened global economic forecasts.
"In the logistics sector, the impact has been particularly pronounced. Cross-border logistics volumes have come under pressure," the company warns.
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SingPost expects "challenging conditions" intensified in the second half of the most recent financial year to persist into the current year.
On its part, SingPost is staking out a bigger role in ecommerce logistics with an investment of $30 million in a new automation system at its Regional eCommerce Logistics Hub facility.
With domestic mail still on a structural decline, SingPost remains "engaged" with the government on coming out with a future operating model that will place the postal service on a"profitable and sustainable footing."
SingPost says that its review and reset strategy is ongoing.
SingPost shares closed at 64 cents on May 14, up 1.6% for the day and 17.59% year to date.
