Overview
- Royal Mail posted an underlying profit of £12 million for the year to March 31, or an £8 million loss once redundancy costs are included.
- IDS said axing Saturday second‑class deliveries will be phased over many months into 2026, with changes so far limited to 35 pilot delivery offices.
- Ofcom has approved ending Saturday second‑class rounds and moving to alternate weekday deliveries, while first‑class must still run Monday to Saturday and second‑class target remains three working days.
- The company continues to fall short on speed targets, with 75.9% of first‑class post delivered next day against the regulator’s 90% standard.
- Management is pushing a parcels‑led model, expanding out‑of‑home locations to about 24,000 and growing GLS’s access‑point and locker networks, as parcel volumes rose 6% and addressed letters fell 4%.