KUALA LUMPUR, May 18 — Pos Malaysia Bhd narrowed its net loss to RM19.54 million in the first quarter ended March 31, 2026 (1Q 2026), compared with a net loss of RM41.52 million in the same period last year.
In a filing with Bursa Malaysia, the national postal and courier service provider said the improved performance is driven by stronger contributions from all segments, particularly postal, aviation, and “other”.
Revenue rose by 7.3 per cent to RM501.35 million from RM467.06 million previously.
Pos Malaysia said the postal segment recorded higher revenue, primarily due to increased contributions from the courier business, but this was partially offset by lower revenue from international mail services.
It said parcel volumes grew by 24.6 per cent year-on-year (y-o-y), driven by both sustained e-commerce activity and market share gains, with management continuing to prioritise margin accretion alongside volume growth.
The aviation segment recorded higher revenue, driven by increases in in‑flight catering, cargo, and ground handling activities.
Meanwhile, revenue for the logistics segment increased, mainly attributable to stronger contributions from the automotive, freight forwarding, marine, and warehousing businesses.
“However, the segment recorded a higher loss before taxation, mainly due to increased unrealised forex losses and finance costs, partially offset by improved margins and lower administrative expenses,” it said.
For the other segment, it recorded higher revenue, underpinned by increased sales of digital certificates as well as the printing and insertion business.
Its group chief executive officer, Charles Brewer, said while structural challenges remain, particularly within the postal segment, Pos Malaysia is beginning to see the benefits of network optimisation, more disciplined revenue management and targeted digitalisation under the ongoing transformation efforts.
“Our focus is now firmly on sustaining this operating discipline, improving earnings quality, and positioning the postal segment for long-term viability, including through constructive engagement on Postal Services Act reforms and funding for delivering the universal service obligation,” he said.
Looking ahead, Pos Malaysia said it remains focused on sustaining the trajectory of loss reduction, supported by the continued execution of its transformation plan, encompassing network rationalisation, digital channel expansion, and disciplined cost management.
Nonetheless, it said the operating environment is expected to remain challenging, given structural industry pressures, competitive dynamics, and geopolitical uncertainties, including developments in West Asia which may affect global freight rates, fuel costs, the number of flights and air cargo volumes relevant to Pos Aviation’s operations.
“The group has implemented appropriate mitigation measures and will continue to manage its cost base and revenue mix with prudence,” it added. — Bernama
Date: 18 May, 2026 8:15 pm
Source: Malay Mail
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