Sarah McMillan/cvnznews.com
NZ Post’s return to profitability after several years of losses is encouraging, but a sustained commitment to continued improvement is required, says State-Owned Enterprises Minister Simeon Brown.
The company today reported a net profit of $17 million for the year ended 30 June 2026, a $19 million improvement on the previous year’s result. EBITDA was $157m, $33m above FY25. NZ Post’s equity value also increased to $730 million, up $93 million from the previous year.
“This improved financial performance is welcome and reflects NZ Post’s focus on cost management and better operational efficiency,” Mr Brown says.
“Group revenue growth for the year was 3.6% and while the return on equity of 2.9 per cent is an improvement over last year, it remains below the company’s cost of capital.
“The results also highlight that parcel revenue needs to improve in a competitive market.
“Looking ahead, it’s important that NZ Post continues to optimise its operations to enhance overall profitability and performance, while delivering an efficient and sustainable service.
“I expect state-owned enterprises to operate efficiently, maintain strong balance sheets, and return value to New Zealanders.”
NZ Post will return a $12.5m dividend to the Crown reflecting Shareholding Ministers’ expectations for appropriate capital returns.
“Every dollar returned to the Crown supports the Government’s investment in the public services New Zealanders rely on, including schools, hospitals and Police.”
