KUALA LUMPUR: Pos Malaysia Bhd
narrowed its net loss to RM19.54mil in the first quarter of 2026, from a net loss of RM41.52mil in the same quarter last year on the back of stronger contributions across its business segments.
The postal service provider's quarterly revenue rose to RM501.36mil from RM467.06mil in the previous comparative quarter as parcel volume jumped 24.6% year-on-year, driven by both sustained e-commerce activity and market share gains.
"Notwithstanding this positive momentum, the segment remains structurally challenged by the ongoing headwinds related to both the continued declines in traditional mail volumes, and reduced retail footfall amid accelerating digital adoption," it said in a statement.
Meanwhile, the aviation segment also delivered an improved performance during the quarter due to stronger contributions from ground handling, cargo handling, and in-flight catering operations.
Pos said the segment is expected to maintain stable performance subject to prevailing market conditions and operational developments.
In the logistics segments, Pos said it continued to make progress in the execution of its business restructuring programme, with a clear focus on selective contract rationalisation, overhead optimisation, and productivity improvements.
Group CEO Charles Brewer commented that the group delivered a more resilient performance in the first quarter, supported by revenue growth across all segments, and particularly strong contributions from the postal and aviation segment, coupled with continued cost control initiatives.
"While structural challenges remain—particularly within the postal segment, we are beginning to see the benefits of network optimisation, more disciplined revenue management and targeted digitalisation under our 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."
