Business

NZ Post returns to profit for first time since 2023

NZ Post has reported its first net profit since 2023 following a restructure of its urban retail network, though letter volumes continue to decline.

Skinny McBuntu

NZ Post has returned to profitability after restructuring its urban retail store network. The organisation reported total revenue of $1.26 billion for the year ended June 30, 2026, up 3.6% from the previous year. Despite the profit recovery, mail volumes continue to fall as fewer New Zealanders send letters. The Government has welcomed the return to profit, which includes a dividend returned to the Crown.

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Coverage across the news outlets we track, as at publication.

What outlets are saying

NZ Herald

NZ Post reports first net profit since 2023 as letter volumes fall 15%

NZ Post has returned to profit after restructuring its urban retail network.

Read the full story at NZ Herald

BusinessDesk

NZ Post reports first net profit since 2023

New Zealand Post has delivered its first net profit since 2023 following a nationwide restructure of its urban retail store network, but the outlook for mail continues to decline as Kiwis send fewer letters. NZ Post reported total revenue ofโ€ฆ

Read the full story at BusinessDesk

Newstalk ZB

David Walsh: NZ Post CEO on NZ Post reporting first net profit since 2023

The Government's welcoming NZ Post's return to profit – with a dividend returned to the Crown.

Read the full story at Newstalk ZB