July 3, 2025
MAILPAC Group Limited (MAILPAC)
Unaudited financials for the first quarter ended March 31, 2026:
MAILPAC Group Limited (MAILPAC) for the first quarter ended March 31, 2026, reported a 10% increase in revenue totaling $790.15 million compared to $716.44 million in the corresponding three-month period last year.
Year to date, cost of sales amounted to $342.46 million (2025: $327.70 million), representing a 5% year-over-year increase. Consequently, gross profit increased by 15% to $447.69 million compared to $388.74 million for the first quarter ended March 31, 2025.
Administrative and general expenses increased by 16% to $269.64 million (2025: $233.23 million), while selling and promotion expenses rose by 12% from $31.92 million in 2025 to $35.78 million for the three-month period. As a result, total operating expenses for the first quarter amounted to $305.42 million, representing a 15% increase relative to $265.15 million reported in 2025.
Operating profit for the three months amounted to $142.27 million, an 15% increase relative to $123.59 million reported in 2025. Finance and policy costs totaled $63.13 million, a 14% increase from the corresponding period last year (2025: $55.52 million).
Profit before taxation for the first quarter ended March 31, 2026, amounted to $79.47 million, a 16% increase relative to $68.56 million reported in 2025.
The taxation charge incurred for the three months amounted to $14.87 million (2025: $7.62 million). Net profit for the three-month period totaled $64.60 million, a 6% increase from the $60.94 million reported in 2025.
Consequently, earnings per share (EPS) for the three months amounted to $0.03 (2025: $0.02). The twelve-month trailing EPS was $0.10, and the number of shares used in these calculations was 2,500,000,000.
Notably, MAILPAC’s stock price closed the trading period on July 2, 2026 at a price of $2.66 with a corresponding P/E ratio of 27.58x.
Balance Sheet Highlights
The company’s assets totaled $2.44 billion (2025: $2.32 billion). The movement in total assets was primarily attributable to 15% increase in Cash and cash equivalents amounting to $245.36 million (2025: $288.83 million). Additionally, PP&E amounted to $394.38 million, 60% increase relative to the prior year.
Shareholder’s equity was $1.69 billion (2025: $771.05 million), representing a book value per share of $0.68 (2025: $0.31).
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