2025/05/28
Canada Post has released its first-quarter 2025 results. The Corporation recorded a loss before tax of $41 million in the quarter as Parcels results declined significantly and Transaction Mail and Direct Marketing revenue grew.
While results temporarily improved in the first quarter, Canada Post continues to confront significant challenges. The company recently reported a loss before tax of $841 million in 2024 – the seventh consecutive annual loss for the Corporation. From 2018 to 2024, the Corporation lost more than $3.8 billion before taxes.
Highlights
- The loss before tax in the first quarter improved by $35 million compared to a loss before tax of $76 million in the first quarter of the prior year. Revenue increased by $42 million, or 4.0 per cent, compared to the same period of 2024.
- The impacts of the 2024 labour disruption continued to weigh heavily on the Parcels business, as many customers that had turned to other carriers for their shipments during the strike have not yet returned. Canada Post continued to be without new collective agreements with the Canadian Union of Postal Workers (CUPW) in the first quarter, creating ongoing uncertainty for customers.
- For the first quarter, Parcels revenue declined by $194 million, or 22.9 per cent, while volumes fell by 18 million pieces, or 25.8 per cent, compared to the same period in 2024.
- While Transaction Mail continues to erode more broadly, the line of business benefitted from election mailings in the first quarter, as well as a one-time volume surge that followed the strike at the end of 2024. Regulated postage rate increases in 2024 and 2025 also positively contributed to results.
- In the first quarter, Transaction Mail revenue rose by $223 million, or 36.7 per cent, as volumes increased by 42 million pieces, or 8.6 per cent, compared to the same period a year earlier.
- Direct Marketing experienced higher sales partly due to a resurgence of business following the labour disruption. In the first quarter, Direct Marketing revenue grew by $11 million, or 5.8 per cent, as volumes increased by 69 million pieces, or 8.3 per cent, compared to the same period in 2024.
Group of Companies update
On January 31, 2025, Purolator Holdings Ltd. acquired international trade-services firm Livingston International, which specializes in customs brokerage, global freight forwarding and trade consulting. The acquisition supports Purolator’s strategy to expand its international capabilities.
More information
Read the news release on canadapost.ca.