Australia Post depends on property sales for profit
Full story: https://grafa.com/en/news/australia/westgold-resources-posts-2-44b-fy26-revenue-on-gold
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Australia Post posted an underlying loss of $107.6 million for FY26 as falling letter volumes weighed on revenues.
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Property sales generating $139.4 million allowed the organisation to report a final pre-tax profit of $31.8 million.
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The company is continuing its Post30 strategy to modernise its parcel logistics footprint and digital tracking tools.
Australia Post recorded an underlying loss of $107.6 million compared to an underlying loss driven by a 14.7% drop in letter volumes to 1.42 billion units.
Full-year group revenue reached $9.83 billion for FY26 while relying on property sales to stay in the black.
“We continue to do everything in our power to create a sustainable business, including simplifying operations, improving productivity, driving business efficiencies and investing in the services customers need and expect now and in the future,” said Australia Post Group CEO and Managing Director Paul Graham.
The company realised productivity savings of $188.3 million while investing $413.3 million into network expansion and technology upgrades.
The state-owned enterprise delivers essential logistics across Australia while maintaining a mandatory commitment of 4,000 retail outlets nationwide.
To offset the declining postal market, the business expanded its parcel locker network by 64.3% to 1,510 national locations in FY26.
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