Australia Post’s half-year financial report for the period ending 31 December 2024 demonstrated improved performance driven by record strategies.
The company reported an interim profit of $249.1 million, an increase of $215.5 million from the first half of financial year 2024.
Australia Post also announced a group revenue of $5.01 billion which was 6.3 per cent higher year-on-year (YOY).
More than 262 million parcels were delivered across Australia during the first half of financial year 2025, a three per cent increase from the prior corresponding period.
Parcels revenue increased to $3.53 billion, a six per cent improvement on the half.
Letters revenue was also higher by 10 per cent YOY at $943.5 million, while the amount of letter losses was down by 54.1 per cent at $83.7 million.
According to Australia Post Group CEO and Managing Director, Paul Graham, these growth results follow a record peak period for the postal company along with the successful delivery of its transformational Post26 strategy initiatives.
“These results demonstrate the material improvement we’ve achieved across most areas of the business as we execute on our Post26 Strategy and implement the Modernisation reforms,” he said.
“This would not have been possible without the support of our 64,000 team members who, day after day, deliver for our customers and community.
“The combination of Post26, Modernisation reforms and a record Peak period, has meant the business has responded positively in the short-term to the changes we’ve made.”
However, despite these growing earnings, the company continues to face significant structural and competitive headwinds.
With letters volume dropping by 10.6 per cent, Graham has expressed concern over the intense competition faced by Australia Post’s parcels business despite its six per cent revenue increase from last financial year.
“The Parcels sector is becoming increasingly competitive, as we see global disrupters making significant investment in Australia, along with a rise in new entrants and start-ups,” he said.
“While the eCommerce industry is still experiencing modest growth, Australia Post is competing against providers who don’t make the same important contribution to Australia’s job market, economy and community wellbeing that Australia Post does and will continue to do.
“The outlook for the second half remains challenging and we cannot afford to be complacent because we have seen an improvement in our first half bottom line, which is traditionally profit-making.
“Competition is intensifying, and our traditional revenue streams are shrinking.”
In other news, the National Heavy Vehicle Regulator has expanded its We All Need Space road safety campaign.
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