Singapore Post Ltd. is set to enjoy more predictable and stable revenue over the next 12-18 months after deciding to retain its flagship SingPost Centre property, S&P Global Ratings said on May, 15 2026.
Rental income from SingPost Centre—which has maintained an occupancy rate close to 100% for the past three years—is projected to account for a large share of earnings in the coming one to two years, following the company’s decision to drop earlier divestment plans.
To strengthen its postal operations, the company plans to invest about 40 million Singapore dollars in fiscal 2027 (year ending Mar, 31 2027) on automation and technology aimed at improving efficiency and lowering costs. Despite persistent structural declines and high fixed costs, S&P anticipates the postal segment will generate EBITDA of 30 million-45 million Singapore dollars annually through 2028, compared with 41 million Singapore dollars in fiscal 2026.
SingPost had a cash balance of 534.3 million Singapore dollars at end-fiscal 2026, reflecting a net cash position following the 2025 divestment of its Australian business. The group declared a supplemental dividend of 9.3 million Singapore dollars for fiscal 2026 and may deploy cash for growth initiatives and shareholder returns over time, which could erode its current net cash status.
The company’s strategic overhaul is being led by a refreshed management team established in 2025, including a new chief executive officer appointed in Nov, 2025, alongside earlier appointments of a chief financial officer and chief operating officer in Jan, 2025.