MAILPAC reports six months net profit of $163.91 million

Market News

August 17, 2026

August 17, 2026

MAILPAC Group Limited (MAILPAC)
Unaudited financials for the six months ended June 30, 2026:

MAILPAC Group Limited (MAILPAC) for the six months ended June 30, 2026 reported a 15% increase in Revenue totaling $1.64 billion compared to $1.42 billion in the corresponding period last year. Revenue for the second quarter had a 20% increase to close at $847.31 million compared to $706.93 million for the comparable quarter of 2025.

Year to date, Cost of Sales amounted to $730.85 million (2025: $647.19 million), this represents an increase of 13% year over year. Consequently, gross profit increased by 17% to $906.60 million compared to $776.18 million for the six months ended June 30, 2025. The company booked gross profit of $458.91 million for the second quarter versus $387.44 million reported for the similar quarter of 2025.

Administrative and general expenses increased by 10% to close at $511.91 million (2025: $464.44 million), while Selling and promotion costs increased by 27% from $56.74 million in 2025 to $72.04 million in the period under review. As a result, Total expenses for the six months ended June 30, 2026 amounted to $583.95 million, a 12% increase relative to $521.18 million reported in 2025.

Operating profit for the six months ended June 30, 2026, amounted to $322.66 million, a 27% increase relative to $255.00 million reported in 2025. Operating profit for the second quarter amounted to $180.39 million (2025: $131.41 million). Finance and policy costs totaled $126.81 million, a 21% increase from the corresponding period last year (2025: $104.46 million).

Profit Before Taxation for the six months ended June 30, 2026, amounted to $196.92 million, a 30% increase relative to $151.44 million reported in 2025. Profit Before Taxation for the second quarter amounted to $117.45 million (2025: $91.68 million).

The tax charge incurred for the six months ended June 30, 2026 amounted to $33.01 million, a 107% increase relative to $15.98 million reported in 2025, reflecting the step-down of the Company’s Junior Market tax remission to 50%. Net Profit for the six months amounted to $163.91 million, a 21% increase from the $135.47 million reported in 2025. For the second quarter, Net Profit was $99.31 million (2025: $83.33 million).

Consequently, Earnings Per Share for the six months amounted to $0.07 (2025: EPS: $0.05), while Earnings Per Share for the quarter totaled $0.04 (2025: EPS: $0.03). The twelve-month trailing EPS was $0.11 and the number of shares used in these calculations was 2,500,000,000.

Notably, MAILPAC’s stock price closed the trading period on August 14, 2026, at a price of $2.55 with a corresponding P/E ratio of 23.97x.

Balance Sheet Highlights

The company’s assets totaled $3.18 billion (2025: $2.39 billion). The movement in total assets was primarily attributable to a 167% increase in ‘Cash and bank balances’ amounting to $957.92 million (2025: $358.45 million), funded largely by new long-term borrowings, together with a 58% increase in ‘Property, plant and equipment’ to $404.93 million (2025: $256.36 million) and a 93% increase in ‘Right-of-use assets’ to $306.10 million (2025: $159.05 million); these were partly offset by a 4% decline in ‘Intangible assets’ to $1.35 billion (2025: $1.40 billion).

Shareholders’ equity was $1.79 billion (2025: $770.57 million), representing a book value per share of $0.72 (2025: $0.31).

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