Pos Malaysia eyes stronger 2H as losses narrow
KUALA LUMPUR: Pos Malaysia Bhd expects its performance to strengthen in the second half of financial year 2026 (2H FY26), after narrowing its net loss, growing revenue and returning to positive operating cash flow in the first half.
Pos Malaysia expects its financial performance to improve in the second half of the 2026 fiscal year after narrowing its net loss and increasing revenue during the first half. The postal group reduced its first-half net loss by 30.6 percent year-on-year to RM55.4 million, while revenue rose 8.2 percent to RM982.7 million. In the second quarter of 2026 alone, Pos Malaysia's revenue grew by nine percent year-on-year to RM481.3 million, while the net loss narrowed to RM41.8 million.
The company generated RM18.3 million in positive operating cash flow in the first half, reversing a net outflow of RM64.6 million a year earlier. CEO Charles Brewer stated that these improvements demonstrate the transformation program is producing tangible results. The company remains focused on building a more resilient and sustainable Pos Malaysia through disciplined execution, cost efficiency, service reliability, digital and AI adoption, and progress on postal regulatory reforms.
Pos Malaysia anticipates continued year-on-year improvement in the second half of the fiscal year, driven by disciplined volume growth, yield improvement, cost efficiency, network optimization, and compliance with its Universal Service Obligation. The government's ongoing review of the Postal Services Act 2012 and establishment of a Postal Services Fund to support a more sustainable postal ecosystem are also viewed positively.
Pos Aviation showed strong growth in the first half, with revenue increasing 14.2 percent to RM210.5 million and profit rising about 60 percent to RM9.9 million, aided by increased inflight catering and station-handling volumes. Pos Logistics continued its turnaround, reducing first-half losses by about 45 percent to RM13.8 million while revenue climbed 24.1 percent to RM125.8 million.
The company's financial resilience has also improved following the issuance of RM300 million under its RM1 billion Perpetual Sukuk Wakalah Programme in March, raising total equity to RM327 million as of June 30, 2026, from RM89.2 million at the end of 2025.
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