KUALA LUMPUR (Aug 14): Pos Malaysia Bhd (KL:POS) said the group will continue working with the government on reforms that support a sustainable postal ecosystem, as it narrowed its second-quarter net loss year on year but remained in the red.

The group incurred a net loss of RM43.46 million for the quarter ended June 30, 2026, down from RM45.42 million a year earlier, its bourse filing on Friday showed, as revenue rose 9% to RM481.3 million from RM441.57 million. The group, which has been loss-making since FY2019, did not declare any dividends with the latest results.

Aside from improved revenue, lower finance costs, other expenses and taxation contributed to the narrower net loss.

But its core postal segment saw loss before tax deepen 39.9% to RM55.2 million, despite a slight increase in revenue and a 34.3% jump in parcel volume growth, no thanks to lower forex gains and higher operating expenses.

Its aviation and other segments, however, recorded improved segment profits, while its logistics segment recorded lower losses on better marine revenue and stable fixed costs.

For the six months ended June 30, 2026 (1HFY2026), net loss narrowed to RM63.01 million from RM86.94 million in the same period a year earlier, as revenue rose 8.15% to RM982.66 million from RM908.63 million.

In a statement, the group noted that net operating cash flow turned positive at RM18.3 million in 1HFY2026, compared with a net outflow of RM64.6 million in 1HFY2025, "underscoring tangible progress from the group's ongoing transformation programme".

Pos Malaysia group chief executive officer Charles Brewer said the market remains tough, but the latest quarterly results show the group's hard work is delivering "measurable progress", and that the group remains focused on running the business with discipline, improving service and productivity, and building a more sustainable group.

“At the same time, we will continue to work constructively with the government and Malaysian Communications and Multimedia Commission (MCMC) on reforms that support a sustainable postal ecosystem,” Brewer said.

“There is still much to do, but the progress we are making gives us confidence,” he added.