Mon, 01 Sep 2025

Mon, 01 Sep 2025 Royal Mail in profit for first time in three years

The small profit comes as the company looks to turn around its fortunes under new ownership.

* Royal Mail has reported a profit of £12m for the first time in three years, excluding redundancy costs.
* This compares to a loss of £336m last year and is attributed to efforts to modernise the company under new owner Daniel Kretinsky's EP Group.
* The company's parcel volumes increased by 6% while letter deliveries declined by 4% over the past year.
* Royal Mail has stopped delivering second-class letters on Saturdays in some areas, with plans to implement this change across the country within a year and a half.
* The company is shifting its focus towards more profitable parcel deliveries as part of its modernisation efforts.
* Martin Seidenberg, chief executive of International Distribution Services (IDS), which owns Royal Mail, hailed the return to profit as an "important milestone in the company's turnaround".
* Despite the improved results, Royal Mail made a loss of £8m when including redundancy costs in the year to March 31.
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