SingPost S08
Financials
Annual Report 2025/26
Explore the statements
12 tablesConsolidated Income Statement
24 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Continuing operations | |||
| RevenueS$’000 | 376,052 | 489,070 | PDF p. 107 |
| Labour and related expensesS$’000 | (178,661) | (191,369) | PDF p. 107 |
| Volume-related expensesS$’000 | (66,114) | (132,173) | PDF p. 107 |
| Administrative and other expensesS$’000 | (82,655) | (95,277) | PDF p. 107 |
| Depreciation and amortisationS$’000 | (30,746) | (31,957) | PDF p. 107 |
| Selling-related expensesS$’000 | (3,328) | (2,351) | PDF p. 107 |
| (Impairment loss) / Reversal of impairment on trade and other receivablesS$’000 | (3,920) | 414 | PDF p. 107 |
| Continuing operations — operating expenses subtotal | |||
| Operating expensesS$’000 | (365,424) | (452,713) | PDF p. 107 Label p. 107 |
| Continuing operations | |||
| Other incomeS$’000 | 1,144 | 1,510 | PDF p. 107 |
| Continuing operations — operating profit subtotal | |||
| Operating profitS$’000 | 11,772 | 37,867 | PDF p. 107 Label p. 107 |
| Continuing operations | |||
| Share of profit of associated companies and a joint ventureS$’000 | 70 | 519 | PDF p. 107 |
| Exceptional itemsS$’000 | 19,224 | 225,840 | PDF p. 107 |
| Derecognition of aged trade payablesS$’000 | 38,102 | – | PDF p. 107 |
| Continuing operations — earnings before interest and tax subtotal | |||
| Earnings before interest and taxS$’000 | 69,168 | 264,226 | PDF p. 107 Label p. 107 |
| Continuing operations | |||
| Investment income (net)S$’000 | 10,521 | 6,252 | PDF p. 107 |
| Finance expensesS$’000 | (10,583) | (26,678) | PDF p. 107 |
| Continuing operations — profit before income tax subtotal | |||
| Profit before income taxS$’000 | 69,106 | 243,800 | PDF p. 107 Label p. 107 |
| Continuing operations | |||
| Income tax expenseS$’000 | (7,087) | (8,779) | PDF p. 107 |
| Continuing operations — profit for the year | |||
| Profit for the year from continuing operationsS$’000 | 62,019 | 235,021 | PDF p. 107 Label p. 107 |
| Discontinued operations | |||
| (Loss) / Profit for the year from discontinued operationsS$’000 | (2,480) | 10,072 | PDF p. 107 |
| Profit after tax | |||
| Profit after taxS$’000 | 59,539 | 245,093 | PDF p. 107 Label p. 107 |
| Profit / (Loss) attributable to | |||
| Equity holders of the CompanyS$’000 | 60,875 | 245,141 | PDF p. 107 |
| Non-controlling interestsS$’000 | (1,336) | (48) | PDF p. 107 |
| Profit / (Loss) attributable to subtotal | |||
| SubtotalS$’000 | 59,539 | 245,093 | PDF p. 107 |
Definitions & sources
Original report: PDF p. 107 ↗
Report title: Annual Report 2025/26; entity named in the report: Singapore Post Limited. The statement is for the financial year ended 31 March 2026; comparative year shown is 2025.
The statement states: “The accompanying notes form an integral part of these financial statements.”
Basic and diluted earnings per share
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Continuing and discontinued operations | |||
| – Excluding distribution to perpetual securities holderscents per share | 2.22 | 10.41 | PDF p. 107 |
| – Including distribution to perpetual securities holderscents per share | 2.70 | 10.89 | PDF p. 107 |
| Continuing operations | |||
| – Excluding distribution to perpetual securities holderscents per share | 2.33 | 9.96 | PDF p. 107 |
| – Including distribution to perpetual securities holderscents per share | 2.81 | 10.45 | PDF p. 107 |
Definitions & sources
Original report: PDF p. 107 ↗
The report separately shows EPS excluding and including distribution to perpetual securities holders, for continuing operations and for continuing/discontinued operations. Values retain printed cents per share.
Consolidated Statement of Comprehensive Income
14 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Comprehensive income | |||
| Profit after taxS$’000 | 59,539 | 245,093 | PDF p. 108 |
| Items that may be reclassified subsequently to profit or loss — Currency translation differences | |||
| – Gain on translation of foreign operationsS$’000 | 9,133 | 2,706 | PDF p. 108 |
| – Deconsolidation of foreign subsidiariesS$’000 | 11,140 | (12,890) | PDF p. 108 |
| – Disposal of an associated companyS$’000 | 139 | 198 | PDF p. 108 |
| Items that may be reclassified subsequently to profit or loss — Cash flow hedges | |||
| – Fair value changes arising during the yearS$’000 | – | 1,438 | PDF p. 108 |
| – Realised and transferred to profit or lossS$’000 | – | (1,354) | PDF p. 108 |
| Items that will not be reclassified subsequently to profit or loss | |||
| – Fair value (loss) / gainS$’000 | (7,205) | 14,216 | PDF p. 108 |
| – Loss on fair value hedge of an equity instrument designated at FVTOCIS$’000 | – | (12,526) | PDF p. 108 |
| – Revaluation of property, plant and equipment upon transfer to investment propertiesS$’000 | 2,541 | – | PDF p. 108 |
| Other comprehensive income / (loss) for the year (net of tax) | |||
| Other comprehensive income / (loss) for the year (net of tax)S$’000 | 15,748 | (8,212) | PDF p. 108 Label p. 108 |
| Total comprehensive income for the year | |||
| Total comprehensive income for the yearS$’000 | 75,287 | 236,881 | PDF p. 108 Label p. 108 |
| Total comprehensive income / (loss) attributable to | |||
| Equity holders of the CompanyS$’000 | 77,199 | 235,357 | PDF p. 108 |
| Non-controlling interestsS$’000 | (1,912) | 1,524 | PDF p. 108 |
| Total comprehensive income / (loss) attributable to subtotal | |||
| SubtotalS$’000 | 75,287 | 236,881 | PDF p. 108 |
Definitions & sources
Original report: PDF p. 108 ↗
The statement states: “The accompanying notes form an integral part of these financial statements.”
Statements of Financial Position
45 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | 2026Company | 2025Company | Source |
|---|---|---|---|---|---|
| Assets — Current assets | |||||
| Cash and cash equivalentsS$’000 | 534,353 | 696,420 | 446,714 | 529,934 | PDF p. 109 |
| Trade and other receivablesS$’000 | 51,297 | 100,193 | 50,793 | 114,546 | PDF p. 109 |
| Derivative financial instrumentsS$’000 | 382 | 514 | 382 | 514 | PDF p. 109 |
| Financial assetsS$’000 | 69,460 | 95,465 | 69,460 | – | PDF p. 109 |
| InventoriesS$’000 | 14 | 14 | 5 | 5 | PDF p. 109 |
| Other current assetsS$’000 | 7,668 | 17,079 | 7,344 | 7,717 | PDF p. 109 |
| Assets — Current assets subtotal | |||||
| SubtotalS$’000 | 663,174 | 909,685 | 574,698 | 652,716 | PDF p. 109 |
| Assets | |||||
| Assets held for saleS$’000 | 6,360 | – | 6,360 | – | PDF p. 109 |
| Assets subtotal | |||||
| SubtotalS$’000 | 669,534 | 909,685 | 581,058 | 652,716 | PDF p. 109 |
| Assets — Non-current assets | |||||
| Trade and other receivablesS$’000 | – | 135 | 87,339 | 170,856 | PDF p. 109 |
| Financial assetsS$’000 | 3,287 | 7,324 | – | – | PDF p. 109 |
| Investments in subsidiariesS$’000 | – | – | 354,544 | 361,313 | PDF p. 109 |
| Investments in associated companies and a joint ventureS$’000 | 21,336 | 21,890 | 21,891 | 21,891 | PDF p. 109 |
| Investment propertiesS$’000 | 1,034,904 | 1,016,583 | 1,015,781 | 997,734 | PDF p. 109 |
| Property, plant and equipmentS$’000 | 295,635 | 320,289 | 214,665 | 226,924 | PDF p. 109 |
| Right-of-use assetsS$’000 | 9,481 | 17,145 | 15,132 | 19,645 | PDF p. 109 |
| Intangible assetsS$’000 | 3,743 | 90,198 | – | – | PDF p. 109 |
| Deferred income tax assetsS$’000 | – | 793 | – | – | PDF p. 109 |
| Other non-current assetsS$’000 | 3,416 | 6,382 | 3,416 | 5,005 | PDF p. 109 |
| Assets — Non-current assets subtotal | |||||
| SubtotalS$’000 | 1,371,802 | 1,480,739 | 1,712,768 | 1,803,368 | PDF p. 109 |
| Total assets | |||||
| Total assetsS$’000 | 2,041,336 | 2,390,424 | 2,293,826 | 2,456,084 | PDF p. 109 Label p. 109 |
| Liabilities — Current liabilities | |||||
| Trade and other payablesS$’000 | 181,841 | 333,610 | 509,990 | 492,931 | PDF p. 109 |
| Current income tax liabilitiesS$’000 | 17,528 | 21,175 | 16,886 | 14,053 | PDF p. 109 |
| Contract liabilitiesS$’000 | 19,069 | 17,548 | 18,270 | 16,803 | PDF p. 109 |
| Lease liabilitiesS$’000 | 2,143 | 7,197 | 8,928 | 8,435 | PDF p. 109 |
| Derivative financial instrumentsS$’000 | 698 | 83 | 698 | 83 | PDF p. 109 |
| BorrowingsS$’000 | 99,972 | – | – | – | PDF p. 109 |
| Liabilities — Current liabilities subtotal | |||||
| SubtotalS$’000 | 321,251 | 379,613 | 554,772 | 532,305 | PDF p. 109 |
| Liabilities — Non-current liabilities | |||||
| Trade and other payablesS$’000 | 10,373 | 14,245 | 504,773 | 608,162 | PDF p. 109 |
| BorrowingsS$’000 | 249,679 | 349,559 | – | – | PDF p. 109 |
| Contract liabilitiesS$’000 | 3,355 | 4,460 | 3,355 | 4,460 | PDF p. 109 |
| Lease liabilitiesS$’000 | 10,990 | 13,476 | 6,865 | 12,024 | PDF p. 109 |
| Deferred income tax liabilitiesS$’000 | 19,470 | 21,593 | 19,375 | 20,741 | PDF p. 109 |
| Liabilities — Non-current liabilities subtotal | |||||
| SubtotalS$’000 | 293,867 | 403,333 | 534,368 | 645,387 | PDF p. 109 |
| Total liabilities | |||||
| Total liabilitiesS$’000 | 615,118 | 782,946 | 1,089,140 | 1,177,692 | PDF p. 109 Label p. 109 |
| Net assets | |||||
| NET ASSETSS$’000 | 1,426,218 | 1,607,478 | 1,204,686 | 1,278,392 | PDF p. 109 Label p. 109 |
| Equity — Capital and reserves attributable to the Company’s equity holders | |||||
| Share capitalS$’000 | 638,762 | 638,762 | 638,762 | 638,762 | PDF p. 109 |
| Treasury sharesS$’000 | (27,499) | (29,054) | (27,499) | (29,054) | PDF p. 109 |
| Other reservesS$’000 | 54,809 | 53,460 | 35,778 | 34,244 | PDF p. 109 |
| Retained earningsS$’000 | 508,642 | 655,675 | 557,645 | 634,440 | PDF p. 109 |
| Equity — ordinary equity | |||||
| Ordinary equityS$’000 | 1,174,714 | 1,318,843 | 1,204,686 | 1,278,392 | PDF p. 109 Label p. 109 |
| Equity | |||||
| Perpetual securitiesS$’000 | 251,504 | 251,504 | – | – | PDF p. 109 |
| Equity subtotal before non-controlling interests | |||||
| SubtotalS$’000 | 1,426,218 | 1,570,347 | 1,204,686 | 1,278,392 | PDF p. 109 |
| Equity | |||||
| Non-controlling interestsS$’000 | – | 37,131 | – | – | PDF p. 109 |
| Total equity | |||||
| Total equityS$’000 | 1,426,218 | 1,607,478 | 1,204,686 | 1,278,392 | PDF p. 109 Label p. 109 |
Definitions & sources
Original report: PDF p. 109 ↗
The statement heading is “As at 31 March 2026”; comparative columns are labeled 2025. Monetary amounts are in S$’000.
The statement states: “The accompanying notes form an integral part of these financial statements.”
Consolidated Statement of Cash Flows
51 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit after taxS$’000 | 59,539 | 245,093 | PDF p. 113 |
| Cash flows from operating activities; adjustments for | |||
| Income tax expenseS$’000 | 9,274 | 16,327 | PDF p. 113 |
| Impairment loss on trade and other receivablesS$’000 | 4,276 | 628 | PDF p. 113 |
| Impairment of goodwillS$’000 | – | 77,858 | PDF p. 113 |
| Amortisation of contract liabilitiesS$’000 | (1,189) | (1,854) | PDF p. 113 |
| Amortisation of intangible assetsS$’000 | 196 | 9,728 | PDF p. 113 |
| DepreciationS$’000 | 32,604 | 104,248 | PDF p. 113 |
| Fair value (gain) / loss on put option redemption liabilityS$’000 | (224) | 4,559 | PDF p. 113 |
| Fair value gain on investment propertiesS$’000 | (15,533) | (15,232) | PDF p. 113 |
| Gain on derecognition of right-of-use assets and lease liabilitiesS$’000 | (1) | (33) | PDF p. 113 |
| Loss on disposal of property, plant and equipmentS$’000 | 1,210 | 499 | PDF p. 113 |
| Gain on disposal of subsidiariesS$’000 | (4,648) | (302,089) | PDF p. 113 |
| Recognition / (Reversal) of share-based staff costsS$’000 | 958 | (250) | PDF p. 113 |
| Loss / (Gain) on derivative instrumentsS$’000 | 747 | (282) | PDF p. 113 |
| Finance expensesS$’000 | 10,621 | 52,052 | PDF p. 113 |
| Interest incomeS$’000 | (12,138) | (10,918) | PDF p. 113 |
| Impairment loss in associated companiesS$’000 | – | 1,717 | PDF p. 113 |
| Derecognition of aged trade payablesS$’000 | (38,102) | – | PDF p. 113 |
| Loss on disposal of an associated companyS$’000 | 66 | 188 | PDF p. 113 |
| Share of profit of associated companies and a joint ventureS$’000 | (70) | (519) | PDF p. 113 |
| Cash flows from operating activities; adjustments | |||
| SubtotalS$’000 | (11,953) | (63,373) | PDF p. 113 |
| Cash flows from operating activities | |||
| Operating cash flow before working capital changesS$’000 | 47,586 | 181,720 | PDF p. 113 |
| Cash flows from operating activities; changes in working capital, net of effects from acquisition and disposal of subsidiaries | |||
| InventoriesS$’000 | – | 66 | PDF p. 113 |
| Trade and other receivablesS$’000 | 21,954 | 30,422 | PDF p. 113 |
| Trade and other payablesS$’000 | (67,501) | (125,524) | PDF p. 113 |
| Cash flows from operating activities | |||
| Cash generated from operationsS$’000 | 2,039 | 86,684 | PDF p. 113 |
| Income tax paidS$’000 | (14,354) | (8,925) | PDF p. 113 |
| Net cash (used in) / generated from operating activitiesS$’000 | (12,315) | 77,759 | PDF p. 113 |
| Cash flows from investing activities | |||
| Deferred and contingent consideration paid in relation to acquisition of subsidiariesS$’000 | – | (68,309) | PDF p. 114 |
| Disposal of subsidiaries, net of cash disposed (Note 6.3)S$’000 | 94,805 | 640,268 | PDF p. 114 |
| Acquisition of financial assets at FVTPLS$’000 | (69,460) | – | PDF p. 114 |
| Additions to property, plant and equipment and intangible assetsS$’000 | (15,712) | (51,088) | PDF p. 114 |
| Dividends received from an associated companyS$’000 | 409 | 195 | PDF p. 114 |
| Interest receivedS$’000 | 11,325 | 11,444 | PDF p. 114 |
| Proceeds from sale of financial assetsS$’000 | 55,216 | – | PDF p. 114 |
| Proceeds from disposal of an associated companyS$’000 | 1,240 | 964 | PDF p. 114 |
| Proceeds from disposal of property, plant and equipmentS$’000 | 210 | 4,643 | PDF p. 114 |
| Net cash provided by investing activitiesS$’000 | 78,033 | 538,117 | PDF p. 114 |
| Cash flows from financing activities | |||
| Acquisition of additional interest in existing subsidiaryS$’000 | – | (17,395) | PDF p. 114 |
| Distribution paid to perpetual securitiesS$’000 | (10,875) | (10,905) | PDF p. 114 |
| Dividends paid to shareholdersS$’000 | (204,415) | (20,251) | PDF p. 114 |
| Dividends paid to non-controlling interests in subsidiariesS$’000 | (912) | (1,640) | PDF p. 114 |
| Finance expenses paidS$’000 | (10,310) | (51,436) | PDF p. 114 |
| Repayment of principal portion of lease liabilitiesS$’000 | (5,463) | (49,407) | PDF p. 114 |
| Proceeds from bank loansS$’000 | – | 73,232 | PDF p. 114 |
| Repayment of bank loansS$’000 | – | (318,392) | PDF p. 114 |
| Net cash used in financing activitiesS$’000 | (231,975) | (396,194) | PDF p. 114 |
| Cash flows | |||
| Net (decrease) / increase in cash and cash equivalentsS$’000 | (166,257) | 219,682 | PDF p. 114 |
| Cash and cash equivalents at beginning of financial yearS$’000 | 696,420 | 476,738 | PDF p. 114 |
| Effects of currency translation on cash and cash equivalentsS$’000 | 4,190 | – | PDF p. 114 |
| Cash and cash equivalents at end of financial yearS$’000 | 534,353 | 696,420 | PDF p. 114 |
Definitions & sources
Original report: PDF p. 113 ↗ PDF p. 114 ↗
Significant non-cash transactions (physical PDF page 114):
During the financial year ended 31 March 2026, Together with the signing of the Sale and Purchase Agreement for RHH, the put option held by the minority 1 shareholders was exercised. The minority shareholders sold their entire 15% equity interest in RHH to the Group immediately prior to the disposal of RHH, resulting in RHH becoming a wholly owned subsidiary of the Group before completion of the disposal. The aggregate consideration payable to the minority shareholders amounted to EUR 13.1 million (approximately S$19.5 million) and was offset against the consideration received from the disposal of RHH amounting to S$55.0 million. The Group disposed of its interest in 4PX for a total consideration of RMB 515.3 million (approximately S$92.1 2 million) (Note 4.4) and part of the consideration amounting to S$36.9 million was settled through cessation of Alibaba Investment Limited’s shareholding in QSI.
Dividend figures for FY2025/26
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group; financial year ended 31 March 2026 | Source |
|---|---|---|
| DIVIDEND | ||
| Interim DividendCents per share | 0.08 | PDF p. 50 |
| Proposed Final DividendCents per share | 0.06 | PDF p. 50 |
| Proposed Supplemental DividendCents per share | 0.41 | PDF p. 50 |
| Total dividends paid and proposed in relation to FY2025/26Cents per share | 0.55 | PDF p. 50 |
Definitions & sources
Original report: PDF p. 50 ↗
Note Proposed Final Dividend and Supplemental Dividend are subject to shareholders’ approval at the 34th Annual General Meeting
Group Five-Year Financial Summary
30 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group; financial year ended 31 March | 2025Group; financial year ended 31 March | 2024Group; financial year ended 31 March | 2023Group; financial year ended 31 March | 2022Group; financial year ended 31 March | Source |
|---|---|---|---|---|---|---|
| Income Statement (S$ million) | ||||||
| Revenue (1)S$ million | 376.1 | 489.1 | 879.2 | 1,872.3 | 1,665.6 | PDF p. 43 |
| Operating profit (1)S$ million | 11.8 | 37.9 | 33.9 | 93.2 | 112.1 | PDF p. 43 |
| EBITDA (1) (2)S$ million | 99.9 | 296.2 | 113.3 | 168.1 | 193.2 | PDF p. 43 |
| Net profit (3)S$ million | 60.9 | 245.1 | 78.3 | 24.7 | 83.1 | PDF p. 43 |
| Exceptional items, net of tax (income / (loss)) (1) (4)S$ million | 19.2 | 225.8 | 37.7 | (7.7) | 1.9 | PDF p. 43 |
| Derecognition of aged trade payablesS$ million | 38.1 | – | – | – | – | PDF p. 43 |
| Underlying net profit (5)S$ million | 10.7 | 24.8 | 41.5 | 32.4 | 81.3 | PDF p. 43 |
| Balance Sheet (S$ million) | ||||||
| Total assetsS$ million | 2,041.3 | 2,390.4 | 3,135.9 | 2,837.8 | 2,679.4 | PDF p. 43 |
| Ordinary shareholders' equityS$ million | 1,174.7 | 1,318.8 | 1,131.9 | 1,130.2 | 1,307.4 | PDF p. 43 |
| Total shareholders' equityS$ million | 1,426.2 | 1,607.5 | 1,421.0 | 1,374.3 | 1,142.1 | PDF p. 43 |
| Cash and cash equivalents and synthetic depositsS$ million | 603.8 | 696.4 | 476.7 | 495.7 | 280.4 | PDF p. 43 |
| Net cash / (debt) (6)S$ million | 254.2 | 346.9 | (350.4) | (128.7) | (236.6) | PDF p. 43 |
| Perpetual securitiesS$ million | 251.5 | 251.5 | 251.5 | 251.5 | – | PDF p. 43 |
| Net cash / (debt) plus perpetual securities (7)S$ million | 2.7 | 95.4 | (601.9) | (380.2) | (236.6) | PDF p. 43 |
| Cash Flow (S$ million) | ||||||
| Net cash (outflow) / inflow from operating activitiesS$ million | (12.3) | 77.8 | 93.4 | 115.7 | 89.5 | PDF p. 43 |
| Capital expenditure (cash)S$ million | 15.7 | 51.1 | 55.2 | 28.4 | 24.3 | PDF p. 43 |
| Free cash flow (8)S$ million | (28.0) | 26.7 | 38.2 | 87.3 | 65.3 | PDF p. 43 |
| Key Ratios | ||||||
| EBITDA margin (%) (1)% | 26.6 | 60.6 | 12.9 | 9.0 | 11.6 | PDF p. 43 |
| Net profit margin (%) (1)% | 16.2 | 50.1 | 8.9 | 1.3 | 5.0 | PDF p. 43 |
| Return on average invested capital (%)% | 3.3 | 11.7 | 3.7 | 1.3 | 4.6 | PDF p. 43 |
| Return on average ordinary shareholders’ equity (%)% | 4.9 | 20.0 | 6.9 | 2.0 | 6.4 | PDF p. 43 |
| Net cash / (debt) to ordinary shareholders’ equity (%)% | 21.6 | 26.3 | (31.0) | (11.4) | (18.1) | PDF p. 43 |
| Net cash / (debt) plus perpetual securities to total shareholders’ equity (%)% | 0.2 | 5.9 | (42.4) | (27.7) | (20.7) | PDF p. 43 Label p. 43 |
| EBITDA to finance expense (number of times) (1)number of times | 9.4 | 11.1 | 4.9 | 8.6 | 13.1 | PDF p. 43 |
| Per Share Information (S cents) | ||||||
| Earnings per share – basicS cents | 2.2 | 10.4 | 3.0 | 0.6 | 3.1 | PDF p. 43 |
| Earnings per share - underlying net profit (5)S cents | (0.0) | 0.6 | 1.4 | 1.0 | 3.0 | PDF p. 43 |
| Net assets per shareS cents | 63.4 | 69.8 | 61.5 | 61.4 | 58.1 | PDF p. 43 |
| Dividend per share – ordinaryS cents | 0.14 | 0.34 | 0.74 | 0.58 | 1.80 | PDF p. 43 |
| Dividend per share – specialS cents | N.A. | 9.00 | N.A. | N.A. | N.A. | PDF p. 43 |
| Dividend per share – supplementalS cents | 0.41 | N.A. | N.A. | N.A. | N.A. | PDF p. 43 |
Definitions & sources
Original report: PDF p. 43 ↗
N.A. retains the source’s Not Applicable notation. Historical figures retain the source’s definitions and scope.
(1) For financial years ended 31 March 2026 and 2025, the consolidated income statement of the Group is presented as “Continuing Operations”, which excludes discountinued operations pertain to Australia business under SingPost Australia Investments Pty Ltd (“SPAI”) and its subsidiaries as well as the freight forwarding business of Famous Holdings Pte Ltd (“FHPL”), Rotterdam Harbour Holdings B.V. (“RHH”) and subsidiaries of Quantium Solutions Group (“QS”) which results have been re-presented in accordance with SFRS(I) 5 Non-current Assets Held for Sale and Discontinued Operations. (2) EBITDA is defined as profit before tax, adding back interest and depreciation and amortisation expenses. (3) Net profit is defined as profit attributable to equity holders of the Company. (4) Exceptional items comprised one-off items such as asset impairment, fair value changes on investment properties, fair value gain upon gaining control of an investment, gains or losses on sale of investments and property, plant and equipment, M & A related expenses and others. (5) Underlying net profit is defined as net profit before exceptional items (net of tax), derecognition of aged trade payables (net of tax) and non-controlling interests. Earnings per share – underlying net profit has been re-presented to exclude the underlying net profit attributable to perpetual securities holders of the Company. (6) Net cash is calculated as Cash and cash equivalents including synthetic deposits in Financial assets, less Borrowings. (7) Net cash / (debt) plus perpetual securities and its ratio to ordinary shareholders’ equity are presented for comparative purposes. (8) Free cash flow refers to net cash inflow from operating activities less cash capital expenditure. N.A. Not Applicable
Group Statement of Changes in Equity 2026
15 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group; Share capital | 2026Group; Treasury shares | 2026Group; Retained earnings | 2026Group; Other reserves | 2026Group; Total attributable to ordinary shareholders | 2026Group; Perpetual securities | 2026Group; Total including perpetual securities | 2026Group; Non-controlling interests | 2026Group; Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity | ||||||||||
| Balance at 1 April 2025S$’000 | 638,762 | (29,054) | 655,675 | 53,460 | 1,318,843 | 251,504 | 1,570,347 | 37,131 | 1,607,478 | PDF p. 110 |
| Total comprehensive income for the yearS$’000 | – | – | 60,875 | 16,324 | 77,199 | – | 77,199 | (1,912) | 75,287 | PDF p. 110 |
| Change in ownership interest in a subsidiaries without a change in controlS$’000 | – | – | – | (6,996) | (6,996) | – | (6,996) | (29,894) | (36,890) | PDF p. 110 Label p. 110 |
| Acquisition of non-controlling interestsS$’000 | – | – | (2,498) | 2,498 | – | – | – | 1,098 | 1,098 | PDF p. 110 |
| Transfer of capital reserve on disposal of subsidiariesS$’000 | – | – | (1,082) | 1,082 | – | – | – | – | – | PDF p. 110 Label p. 110 |
| Disposal of interest in subsidiariesS$’000 | – | – | – | – | – | – | – | (5,511) | (5,511) | PDF p. 110 |
| Distribution of perpetual securitiesS$’000 | – | – | (10,875) | – | (10,875) | 10,875 | – | – | – | PDF p. 110 |
| Distribution paid on perpetual securitiesS$’000 | – | – | – | – | – | (10,875) | (10,875) | – | (10,875) | PDF p. 110 |
| Dividends paid to shareholdersS$’000 | – | – | (204,415) | – | (204,415) | – | (204,415) | – | (204,415) | PDF p. 110 |
| Dividends paid to non-controlling interests in a subsidiaryS$’000 | – | – | – | – | – | – | – | (912) | (912) | PDF p. 110 |
| Issuance of shares to employeeS$’000 | – | 1,555 | – | (837) | 718 | – | 718 | – | 718 | PDF p. 110 Label p. 110 |
| Employee share option scheme: – Value of employee servicesS$’000 | – | – | 410 | (170) | 240 | – | 240 | – | 240 | PDF p. 110 Label p. 110 |
| TotalS$’000 | – | 1,555 | (218,460) | (4,423) | (221,328) | – | (221,328) | (35,219) | (256,547) | PDF p. 110 |
| Transfer of fair value reserve to retained earnings upon disposalS$’000 | – | – | 10,552 | (10,552) | – | – | – | – | – | PDF p. 110 |
| Balance at 31 March 2026S$’000 | 638,762 | (27,499) | 508,642 | 54,809 | 1,174,714 | 251,504 | 1,426,218 | – | 1,426,218 | PDF p. 110 |
Definitions & sources
Original report: PDF p. 110 ↗
(a) On 16 April 2025, the Group entered into a deed of undertaking with Alibaba Investment Limited (“AIL”), under which AIL ceased to hold any shareholding in Quantium Solutions International Pte. Ltd. (“QSI”) through selective capital reduction of S$36.9 million. Following the transaction, the QSI became the wholly-owned subsidiary of the Group. (b) On 9 June 2025, Zhejiang Cainiao Supply Chain Management Co. Limited (“Cainiao”) exercised its option and QSI disposed off its entire 17.61% equity interest in Shenzhen 4PX Information and Technology Co., Limited (“4PX”) for an aggregate consideration of RMB515.3 million (approximately S$92.1 million). Following the completion of the disposal, the Group no longer holds any interest in 4PX. The cessation of AIL’s shareholding in QSI was completed on 24 July 2025. 4PX was previously recognised as FVTOCI, the accumulated fair value gain of S$10.6 million is transferred to retained earnings. The accompanying notes form an integral part of these financial statements.
Group Statement of Changes in Equity 2025
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; Share capital | 2025Group; Treasury shares | 2025Group; Retained earnings | 2025Group; Other reserves | 2025Group; Total attributable to ordinary shareholders | 2025Group; Perpetual securities | 2025Group; Total including perpetual securities | 2025Group; Non-controlling interests | 2025Group; Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity | ||||||||||
| Balance at 1 April 2024S$’000 | 638,762 | (29,243) | 653,171 | (130,742) | 1,131,948 | 251,534 | 1,383,482 | 37,483 | 1,420,965 | PDF p. 111 |
| Total comprehensive income for the yearS$’000 | – | – | 245,141 | (9,784) | 235,357 | – | 235,357 | 1,524 | 236,881 | PDF p. 111 |
| Change in ownership interest in a subsidiary without a change in controlS$’000 | – | – | – | (8,124) | (8,124) | – | (8,124) | 8,124 | – | PDF p. 111 Label p. 111 |
| Acquisition of non-controlling interestsS$’000 | – | – | – | (9,035) | (9,035) | – | (9,035) | (8,360) | (17,395) | PDF p. 111 |
| Transfer of capital reserve on disposal of subsidiariesS$’000 | – | – | (211,846) | 211,846 | – | – | – | – | – | PDF p. 111 Label p. 111 |
| Distribution of perpetual securitiesS$’000 | – | – | (10,875) | – | (10,875) | 10,875 | – | – | – | PDF p. 111 |
| Distribution paid on perpetual securitiesS$’000 | – | – | – | – | – | (10,905) | (10,905) | – | (10,905) | PDF p. 111 |
| Dividends paid to shareholdersS$’000 | – | – | (20,251) | – | (20,251) | – | (20,251) | – | (20,251) | PDF p. 111 |
| Dividends paid to non-controlling interests in subsidiariesS$’000 | – | – | – | – | – | – | – | (1,640) | (1,640) | PDF p. 111 |
| Issuance of shares to employeeS$’000 | – | 189 | – | (116) | 73 | – | 73 | – | 73 | PDF p. 111 Label p. 111 |
| Employee share option scheme: – Value of employee servicesS$’000 | – | – | 335 | (585) | (250) | – | (250) | – | (250) | PDF p. 111 Label p. 111 |
| TotalS$’000 | – | 189 | (242,637) | 193,986 | (48,462) | (30) | (48,492) | (1,876) | (50,368) | PDF p. 111 |
| Balance at 31 March 2025S$’000 | 638,762 | (29,054) | 655,675 | 53,460 | 1,318,843 | 251,504 | 1,570,347 | 37,131 | 1,607,478 | PDF p. 111 |
Definitions & sources
Original report: PDF p. 111 ↗
(c) On 1 July 2024, Freight Management Holdings Pty Ltd (“FMH”) issued shares to non-controlling shareholders pursuant to the terms of the FMH Group Long Term Incentive Plan, which represented approximately 2.9% of the issued share capital of FMH. (d) During the financial year ended 31 March 2025, the acquisition of non-controlling interest in a subsidiary comprises the FMH shares purchased from non-controlling shareholders in December 2024 and March 2025, which were issued in (c) above. The accompanying notes form an integral part of these financial statements.
Company Statement of Changes in Equity 2026
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Company; Share capital | 2026Company; Treasury shares | 2026Company; Retained earnings | 2026Company; Other reserves | 2026Company; Total equity | Source |
|---|---|---|---|---|---|---|
| Company changes in equity | ||||||
| Balance at 1 April 2025S$’000 | 638,762 | (29,054) | 634,440 | 34,244 | 1,278,392 | PDF p. 112 |
| Total comprehensive income for the yearS$’000 | – | – | 127,210 | 2,541 | 129,751 | PDF p. 112 |
| Dividends paid to shareholdersS$’000 | – | – | (204,415) | – | (204,415) | PDF p. 112 Label p. 112 |
| Issuance of shares to employeeS$’000 | – | 1,555 | – | (837) | 718 | PDF p. 112 Label p. 112 |
| Employee share option scheme: – Value of employee servicesS$’000 | – | – | 410 | (170) | 240 | PDF p. 112 Label p. 112 |
| TotalS$’000 | – | 1,555 | (204,005) | (1,007) | (203,457) | PDF p. 112 |
| Balance at 31 March 2026S$’000 | 638,762 | (27,499) | 557,645 | 35,778 | 1,204,686 | PDF p. 112 |
Definitions & sources
Original report: PDF p. 112 ↗
Company Statement of Changes in Equity 2025
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company; Share capital | 2025Company; Treasury shares | 2025Company; Retained earnings | 2025Company; Other reserves | 2025Company; Total equity | Source |
|---|---|---|---|---|---|---|
| Company changes in equity | ||||||
| Balance at 1 April 2024S$’000 | 638,762 | (29,243) | 598,697 | 36,094 | 1,244,310 | PDF p. 112 |
| Total comprehensive income for the yearS$’000 | – | – | 55,659 | – | 55,659 | PDF p. 112 |
| Dividends paid to shareholdersS$’000 | – | – | (20,251) | – | (20,251) | PDF p. 112 Label p. 112 |
| Issuance of shares to employeeS$’000 | – | 189 | – | (116) | 73 | PDF p. 112 Label p. 112 |
| Employee share option scheme: – Value of employee servicesS$’000 | – | – | 335 | (1,734) | (1,399) | PDF p. 112 Label p. 112 |
| TotalS$’000 | – | 189 | (19,916) | (1,850) | (21,577) | PDF p. 112 |
| Balance at 31 March 2025S$’000 | 638,762 | (29,054) | 634,440 | 34,244 | 1,278,392 | PDF p. 112 |
Definitions & sources
Original report: PDF p. 112 ↗
Five-year financial highlights charts
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | 2024Group | 2023Group | 2022Group | Source |
|---|---|---|---|---|---|---|
| Group financial highlights charts | ||||||
| RevenueS$ million | 376.1 | 489.1 | 879.2 | 1,872.3 | 1,665.6 | PDF p. 42 |
| Operating Cash FlowS$ million | (12.3) | 77.8 | 93.4 | 115.7 | 89.5 | PDF p. 42 |
| Operating ProfitS$ million | 11.8 | 37.9 | 33.9 | 93.2 | 112.1 | PDF p. 42 |
| Return on Average Capital% | 3.3 | 11.7 | 3.7 | 1.3 | 4.6 | PDF p. 42 |
| Net ProfitS$ million | 60.9 | 245.1 | 78.3 | 24.7 | 83.1 | PDF p. 42 |
| Dividend Per ShareS cents | 0.55 | 9.34 | 0.74 | 0.58 | 1.80 | PDF p. 42 |
| Underlying Net ProfitS$ million | 10.7 | 24.8 | 41.5 | 32.4 | 81.3 | PDF p. 42 |
Definitions & sources
Original report: PDF p. 42 ↗
Revenue and operating profit for FY2026/FY2025 cover continuing operations; earlier reported years retain source scope. Net profit is profit attributable to equity holders. Underlying profit excludes exceptional items (net of tax), aged trade-payable derecognition (net of tax) and non-controlling interests as defined in the source. Total DPS includes ordinary and applicable special/supplemental dividends.
Where the money comes from
Segment information
By business
Segment revenues and results – continuing operations, FY ended 31 March 2026 5 lines
| Item / unit | 2026Logistics & Letters | 2026Post Office Network | 2026Property Assets | 2026Eliminations | 2026Total (segments) | 2026Corporate | 2026Total | Source |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue: – ExternalS$'000 | 298,560 | 11,161 | 66,331 | – | 376,052 | – | 376,052 | PDF p. 123 |
| Revenue: – Inter-segmentS$'000 | 4,894 | – | 14,376 | (19,270) | – | – | – | PDF p. 123 |
| Revenue (total)S$'000 | 303,454 | 11,161 | 80,707 | (19,270) | 376,052 | – | 376,052 | PDF p. 123 |
| Results | ||||||||
| Segment operating (loss) / profitS$'000 | (6,103) | (10,682) | 45,222 | – | 28,437 | – | 28,437 | PDF p. 123 |
| Non-operating itemsS$'000 | – | – | – | – | – | (16,665) | (16,665) | PDF p. 123 |
Notes
Continuing operations. Segment revenues and results restated for new segment structure from 1 April 2025. Sales between segments are carried out at arm's length.
Segment revenues and results – continuing operations, FY ended 31 March 2025 (Restated) 5 lines
| Item / unit | 2025Logistics & Letters (Restated) | 2025Post Office Network (Restated) | 2025Property Assets (Restated) | 2025Eliminations (Restated) | 2025Total (segments) (Restated) | 2025Corporate (Restated) | 2025Total (Restated) | Source |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue: – ExternalS$'000 | 412,083 | 12,586 | 64,401 | – | 489,070 | – | 489,070 | PDF p. 123 |
| Revenue: – Inter-segmentS$'000 | 11,010 | – | 14,723 | (25,733) | – | – | – | PDF p. 123 |
| Revenue (total)S$'000 | 423,093 | 12,586 | 79,124 | (25,733) | 489,070 | – | 489,070 | PDF p. 123 |
| Results | ||||||||
| Segment operating (loss) / profitS$'000 | 35,831 | (14,721) | 44,986 | – | 66,096 | – | 66,096 | PDF p. 123 |
| Non-operating itemsS$'000 | – | – | – | – | – | (28,229) | (28,229) | PDF p. 123 |
Notes
Continuing operations; restated.
Reconciliation of operating profit to profit from continuing operations 10 lines
| Item / unit | 2026continuing operations | 2025continuing operations | Source |
|---|---|---|---|
| Reconciliation | |||
| Operating profit for reportable segmentsS$'000 | 28,437 | 66,096 | PDF p. 124 |
| Operating loss for corporateS$'000 | (16,665) | (28,229) | PDF p. 124 |
| Exceptional itemsS$'000 | 19,224 | 225,840 | PDF p. 124 |
| Derecognition of aged trade payablesS$'000 | 38,102 | – | PDF p. 124 |
| Finance expensesS$'000 | (10,583) | (26,678) | PDF p. 124 |
| Investment income (net)S$'000 | 10,521 | 6,252 | PDF p. 124 |
| Share of profit of associated companies and a joint ventureS$'000 | 70 | 519 | PDF p. 124 |
| Profit before income taxS$'000 | 69,106 | 243,800 | PDF p. 124 |
| Tax expenseS$'000 | (7,087) | (8,779) | PDF p. 124 |
| Profit after taxS$'000 | 62,019 | 235,021 | PDF p. 124 |
Notes
Exceptional items, derecognition of aged trade payables, finance expenses and investment income/(expense) are not allocated to segments.
Reconciliation of operating profit to profit from discontinued operations 8 lines
| Item / unit | 2026discontinued operations | 2025discontinued operations | Source |
|---|---|---|---|
| Reconciliation | |||
| Operating (loss) / profit for reportable segmentsS$'000 | (504) | 48,168 | PDF p. 125 |
| Operating loss for corporateS$'000 | – | (70) | PDF p. 125 |
| Exceptional itemsS$'000 | 69 | (6,266) | PDF p. 125 |
| Finance expensesS$'000 | (38) | (25,374) | PDF p. 125 |
| Investment income (net)S$'000 | 180 | 1,162 | PDF p. 125 |
| (Loss) / Profit before income taxS$'000 | (293) | 17,620 | PDF p. 125 |
| Tax expenseS$'000 | (2,187) | (7,548) | PDF p. 125 |
| (Loss) / Profit after taxS$'000 | (2,480) | 10,072 | PDF p. 125 |
Segment assets by reportable segment 3 lines
| Item / unit | 2026Logistics & Letters, 31 March 2026 | 2026Post Office Network, 31 March 2026 | 2026Property Assets, 31 March 2026 | 2026Total (segments), 31 March 2026 | 2026Corporate, 31 March 2026 | 2026Total, 31 March 2026 | Source |
|---|---|---|---|---|---|---|---|
| 31 March 2026 | |||||||
| Segment assetsS$'000 | 237,373 | 128,198 | 1,127,959 | 1,493,530 | 97,984 | 1,591,514 | PDF p. 125 |
| Investments in associated companies and a joint ventureS$'000 | – | – | – | – | 21,336 | 21,336 | PDF p. 125 |
| Intangible assetsS$'000 | 3,743 | – | – | 3,743 | – | 3,743 | PDF p. 125 |
Notes
Segment assets include the investments and intangible assets listed. The investments row label wraps ('Investments in associated / companies and a joint venture').
Segment assets by reportable segment, 31 March 2025 (Restated) 3 lines
| Item / unit | 2025Logistics & Letters, 31 March 2025 (Restated) | 2025Post Office Network, 31 March 2025 (Restated) | 2025Property Assets, 31 March 2025 (Restated) | 2025Total (segments), 31 March 2025 (Restated) | 2025Corporate, 31 March 2025 (Restated) | 2025Total, 31 March 2025 (Restated) | Source |
|---|---|---|---|---|---|---|---|
| 31 March 2025 (Restated) | |||||||
| Segment assetsS$'000 | 618,831 | 105,206 | 1,099,119 | 1,823,156 | 33,100 | 1,856,256 | PDF p. 125 |
| Investments in associated companies and a joint ventureS$'000 | – | – | – | – | 21,890 | 21,890 | PDF p. 125 |
| Intangible assetsS$'000 | 90,198 | – | – | 90,198 | – | 90,198 | PDF p. 125 |
Notes
Restated.
Reconciliation of segment assets to total assets 4 lines
| Item / unit | 2026Group | 2025Group (Restated) | Source |
|---|---|---|---|
| Reconciliation | |||
| Segment assets for reportable segmentsS$'000 | 1,493,530 | 1,823,156 | PDF p. 126 |
| Segments assets for corporateS$'000 | 97,984 | 33,100 | PDF p. 126 |
| Unallocated | |||
| Cash and cash equivalentsS$'000 | 449,822 | 534,168 | PDF p. 126 |
| Reconciliation | |||
| Total assetsS$'000 | 2,041,336 | 2,390,424 | PDF p. 126 |
Notes
The CODM does not review statement of financial position items by reportable segments other than assets; segment liabilities are not presented.
Other segment information – continuing operations 3 lines
| Item / unit | 2026Logistics & Letters | 2026Post Office Network | 2026Property Assets | 2026Corporate | 2026Total | Source |
|---|---|---|---|---|---|---|
| Continuing operations 2026 | ||||||
| Depreciation and amortisation (2026)S$'000 | 20,197 | 3,612 | 5,390 | 1,547 | 30,746 | PDF p. 127 |
| Additions 2026 | ||||||
| Additions to: – Property, plant and equipment (2026)S$'000 | 13,759 | 146 | 1,352 | 455 | 15,712 | PDF p. 127 |
| Additions to: – Right-of-use assets (2026)S$'000 | 3,065 | 1,740 | 1,112 | – | 5,917 | PDF p. 127 |
Notes
(1) Net of inter-segment elimination (applies to Additions).
Other segment information – continuing operations, 2025 (Restated) 4 lines
| Item / unit | 2025Logistics & Letters (Restated) | 2025Post Office Network (Restated) | 2025Property Assets (Restated) | 2025Corporate (Restated) | 2025Total (Restated) | Source |
|---|---|---|---|---|---|---|
| Continuing operations 2025 (Restated) | ||||||
| Depreciation and amortisation (2025)S$'000 | 20,035 | 5,559 | 4,423 | 1,940 | 31,957 | PDF p. 127 |
| Additions 2025 (Restated) | ||||||
| Additions to: – Property, plant and equipment (2025)S$'000 | 44,073 | 133 | 367 | 788 | 45,361 | PDF p. 127 |
| Additions to: – Right-of-use assets (2025)S$'000 | 146,890 | 1,395 | 97 | – | 148,382 | PDF p. 127 |
| Additions to: – Intangible assets (2025)S$'000 | 5,727 | – | – | – | 5,727 | PDF p. 127 |
Notes
(1) Net of inter-segment elimination. Impairment losses of S$1.7 million (associated companies) and S$77.9 million (goodwill, Logistics & Letters) were recognised in FY ended 31 March 2025.
Revenue by segment (Note 2.2) 4 lines
| Item / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Continuing operations | |||
| Logistics & LettersS$'000 | 298,560 | 412,083 | PDF p. 128 |
| Post Office NetworkS$'000 | 11,161 | 12,586 | PDF p. 128 |
| Property AssetsS$'000 | 66,331 | 64,401 | PDF p. 128 |
| Discontinued operations | |||
| Disposed subsidiariesS$'000 | 80,378 | 1,440,415 | PDF p. 128 |
By geography
Geographical information – Revenue 3 lines
| Item / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Revenue | |||
| SingaporeS$'000 | 294,213 | 307,043 | PDF p. 128 |
| Other countriesS$'000 | 81,839 | 182,027 | PDF p. 128 |
| Revenue (total)S$'000 | 376,052 | 489,070 | PDF p. 128 |
Notes
Prepared based on the country in which the transactions are booked and across different business segments. Non-current assets by geography not presented as not used for segmental reporting.
Debt
Borrowings
Maturity profile of financial liabilities - Group (contractual undiscounted cash flows)
| Item / unit | 2026Less than 1 year | 2026Between 1 and 2 years | 2026Between 2 and 5 years | 2026Over 5 years | Source |
|---|---|---|---|---|---|
| Group 2026 | |||||
| Lease liabilitiesS$'000 | (2,770) | (1,981) | (2,491) | (14,512) | PDF p. 186 |
| BorrowingsS$'000 | (109,520) | (6,342) | (266,636) | – | PDF p. 186 |
Notes
The table below analyses the maturity profile of the Group’s and Company’s financial liabilities (excluding derivative financial liabilities) based on contractual undiscounted cash flows.
Maturity profile of financial liabilities - Group 2025 (contractual undiscounted cash flows)
| Item / unit | 2025Less than 1 year | 2025Between 1 and 2 years | 2025Between 2 and 5 years | 2025Over 5 years | Source |
|---|---|---|---|---|---|
| Group 2025 | |||||
| Lease liabilitiesS$'000 | (10,133) | (4,682) | (2,786) | (13,554) | PDF p. 186 |
| BorrowingsS$'000 | (9,555) | (109,520) | (18,992) | (253,986) | PDF p. 186 |
Notes
Same table as above, 2025 comparative block.
Maturity profile of lease liabilities - Company (contractual undiscounted cash flows)
| Item / unit | 2026Less than 1 year | 2026Between 1 and 2 years | 2026Between 2 and 5 years | 2026Over 5 years | Source |
|---|---|---|---|---|---|
| Company 2026 | |||||
| Lease liabilitiesS$'000 | (9,300) | (6,763) | (224) | – | PDF p. 187 |
Notes
Company has no borrowings in the maturity table.
Maturity profile of lease liabilities - Company 2025
| Item / unit | 2025Less than 1 year | 2025Between 1 and 2 years | 2025Between 2 and 5 years | 2025Over 5 years | Source |
|---|---|---|---|---|---|
| Company 2025 | |||||
| Lease liabilitiesS$'000 | (8,971) | (6,413) | (6,004) | – | PDF p. 187 |
Borrowing notes 4 tables
Borrowings analysis - current and non-current, unsecured
| Item / unit | 2026S$'000 | 2025S$'000 | Source |
|---|---|---|---|
| Current | |||
| Borrowings (unsecured)S$'000 | 99,972 | – | PDF p. 190 |
| Non-current | |||
| Borrowings (unsecured)S$'000 | 249,679 | 349,559 | PDF p. 190 |
| Total | |||
| Total borrowingsS$'000 | 349,651 | 349,559 | PDF p. 190 |
Notes
As at 31 March 2026 and 2025, the Group's unsecured borrowings consist of S$250 million 10-year Notes bearing a fixed interest rate of 2.53% per annum (2025: 2.53%) and S$100 million 5-year Notes bearing a fixed interest rate of 3.23% per annum (2025: 3.23%).
The Group is not exposed to interest rate risk for its borrowings for the financial years ended 31 March 2026 and 2025 as the borrowings consisted of fixed rate notes. No secured borrowings are shown. Company has no borrowings (statement of financial position shows nil).
Fair value of non-current borrowings
| Item / unit | 2026S$'000 | 2025S$'000 | Source |
|---|---|---|---|
| Non-current | |||
| Borrowings (unsecured)S$'000 | 250,294 | 338,203 | PDF p. 190 |
Notes
The fair value of the Notes above are determined based on the over-the-counter quoted price. The fair value is classified within Level 1 of the fair value hierarchy.
Statement of financial position - borrowings and lease liabilities
| Item / unit | 2026Group | 2025Group | 2026Company | 2025Company | Source |
|---|---|---|---|---|---|
| Current liabilities | |||||
| Lease liabilitiesS$'000 | 2,143 | 7,197 | 8,928 | 8,435 | PDF p. 109 |
| BorrowingsS$'000 | 99,972 | – | – | – | PDF p. 109 |
| Non-current liabilities | |||||
| BorrowingsS$'000 | 249,679 | 349,559 | – | – | PDF p. 109 |
| Lease liabilitiesS$'000 | 10,990 | 13,476 | 6,865 | 12,024 | PDF p. 109 |
Notes
Column order as printed: Group 2026, Group 2025, Company 2026, Company 2025.
Lease liabilities (Note 3.8.2) current and non-current
| Item / unit | 2026Group | 2025Group | 2026Company | 2025Company | Source |
|---|---|---|---|---|---|
| Lease liabilities | |||||
| CurrentS$'000 | 2,143 | 7,197 | 8,928 | 8,435 | PDF p. 159 |
| Non-currentS$'000 | 10,990 | 13,476 | 6,865 | 12,024 | PDF p. 159 |
| Total lease liabilitiesS$'000 | 13,133 | 20,673 | 15,793 | 20,459 | PDF p. 159 |
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | The Company’s dividend policy is to aim to pay out between 30% and 50% of the Group’s underlying net profit annually. The Board believes this is a balanced policy taking into consideration the capital needs of the enterprise and sustainable returns to shareholders. Dividends may be declared on a semi-annual basis following the first half and full year financial results. | Company | PDF p. 78 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Interim Dividend | 0.08 cents per share | FY2025/26, financial year ended 31-Mar-2026 | PDF p. 50 |
| Proposed Final Dividend | 0.06 cents per share | FY2025/26, financial year ended 31-Mar-2026 | PDF p. 50 |
| Proposed Supplemental Dividend | 0.41 cents per share | FY2025/26, financial year ended 31-Mar-2026 | PDF p. 50 |
| Total dividends paid and proposed in relation to FY2025/26 | 0.55 cents per share | FY2025/26 total (interim + proposed final + proposed supplemental) | PDF p. 50 |
| Dividend per share – ordinary | 0.14 S cents | Group five-year summary, FY2026 (year ended 31 March 2026) | PDF p. 43 |
| Dividend per share – ordinary | 0.34 S cents | Group five-year summary, FY2025 comparative (year ended 31 March 2025) | PDF p. 43 |
| Dividend per share – special | 9.00 S cents | Group five-year summary, FY2025 comparative (year ended 31 March 2025); FY2026 N.A. | PDF p. 43 |
| Dividend per share – supplemental | 0.41 S cents | Group five-year summary, FY2026; FY2025 N.A. | PDF p. 43 |
| Interim exempt (one-tier) dividend paid in respect of the first half of the current financial year of 0.08 cents per share (2025: 0.34 cents) | 0.34 cents per share | FY2025 comparative interim, exempt (one-tier) | PDF p. 201 |
| Final exempt (one-tier) dividend paid in respect of the previous financial year of | 0.56 cents per share | Final dividend for FY2024/25 paid in FY2025 column (S$12,601 thousand; shown as – in 2026) | PDF p. 201 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend payout | approximately 30% of the underlying net profit | FY2025/26 interim plus proposed final (0.14 cents per share) | PDF p. 78 |
Extracted from Annual Report 2025/26 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Engagement partner | Mr. Yang Chi Chih | Group | PDF p. 106 |
| Opinion | true and fair view | Group and Company, year ended 31 March 2026 | PDF p. 103 |
| Date | 10 June 2026 | Group · As at 2026-06-10 | PDF p. 106 |
Extracted from Annual Report 2025/26 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Annual Report 2025/26, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Primary statements retain Group and Company scopes and SGD thousands. EPS retains cents per share. Five-year summaries and charts retain printed SGD millions, cents and ratios, including N.A. and negative zero.
The report discloses consolidated income, comprehensive income, equity and cash flow, plus Company balance sheets and equity movements. Separate Company income, comprehensive income and cash flow statements are not presented in the audited statement list (PDF page 103).
FY2026 and FY2025 income figures cover continuing operations; original source notes explain discontinued Australian operations and historical definitions. Ordinary, special and supplemental dividends retain separate definitions; proposed FY2026 dividends remain subject to approval as stated in the report.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.