Marginal increase in profit on 10% growth in revenues

 Durrant Pate/Contributor

Courier and logistics company, Mailpac Group, has started its 2025/26 financial year on a positive footing, delivering another quarter of revenue and earnings growth while continuing to invest in the operational capabilities that will support the business’s long-term strategy. 

Revenues for the quarter increased by 10.3% to $790.1 million, up from $716.4 million during the comparable period in 2025. Gross profit improved to J$447.7 million, representing growth of 15.2% over the prior year, reflecting continued growth in customer activity together with ongoing improvements in operational efficiency.

Shareholders’ profit amounted to $64.6 million, reflecting a 6.0% rise over 2025, despite higher finance costs and taxation charges. During the quarter under review, Mailpac continued to maintain a sound financial position supported by a healthy balance sheet and prudent capital management. 

Strong balance sheet position 

Total assets remained strong at approximately J$2.44 billion, while shareholders’ equity increased to $1.69 billion, exhibiting the continued profitability of the business. During the quarter, Mailpac continued to invest strategically across its logistics network, technology platforms, and operating infrastructure. 

These investments are expected to enhance capacity, improve service delivery, and support the company’s ability to capitalise on future growth opportunities, while maintaining the prudent capital management that underpins its financial position. The board and management both have a confident outlook for 2026. 

This is based on the fact that consumer demand for convenient logistics solutions continues to grow, while the company is well-positioned to continue to meet and evolve with its customers. The management team remains focused on expanding service capabilities and delivering sustainable value to all stakeholders. 

These strategic priorities, supported by Mailpac’s strong financial foundation, position the company to continue strengthening its leadership within Jamaica’s logistics sector.