Pos Malaysia’s losses widened in 2024 as lower revenue generation in its mail and logistics businesses hit the operator’s bottom line, but thanks to higher parcel volumes and a strong performance from the aviation segment the post remains cautiously optimistic about delivering improved results in 2025.
For the fourth quarter (ending December 31, 2024), Pos Malaysia recorded revenues of RM459 million, representing a marginal decrease of 0.6% year-on-year (YoY). For the full year, net revenue stood at RM1,853 million, reflecting a slight decline of 0.9% YoY.
However, despite the post’s continued transformation, its full year loss swelled to RM202 million versus RM157 million in FY23. The post recorded a loss of RM74,717 in Q4, versus RM72,244 in Q4 2023. The year 2024 was the sixth straight year Pos Malaysia has recorded a loss.
“As we navigate an evolving market, we remain committed to executing our transformation plan and have observed promising improvements across key business focus areas,” said Charles Brewer, Group Chief Executive Officer of Pos Malaysia.
“Furthermore, we achieved progress in operational efficiencies by optimising our mail and parcel network, managing our workforce effectively, and leveraging our extensive and unparalleled national infrastructure,” he added.
Segment performance
