The Aporia · Hongkong Post reports record HK$905 million deficit in ninth year of losses

Hongkong Post reports record HK$905 million deficit in ninth year of losses

Read the original at South China Morning Post ↗

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Hoi-ying, L. (2026, October 28). Hongkong Post reports record HK$905 million deficit in ninth year of losses. South China Morning Post. https://www.scmp.com/news/hong-kong/society/article/3372405/hongkong-post-reports-record-hk905-million-deficit-ninth-year-losses

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Quick Summary

Hongkong Post reported a record HK$905 million (US$115 million) deficit for the fiscal year 2025-26, marking its ninth consecutive year of losses. The deficit is attributed to declining mail volume by one-third over five years and challenges such as protectionism, stricter customs policies, and rising operating costs. Postmaster General Donald Ng Man-kit highlighted the company's resilience despite these difficulties.

Written by AI on 2026-10-28, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

Hongkong Post reported a record-breaking HK$905 million (US$115 million) deficit for the fiscal year 2025-26, marking its ninth consecutive annual loss. The government-owned postal service cited declining mail volume and challenges like protectionism and rising operating costs as major contributors to the deficit. Despite these setbacks, Postmaster General Donald Ng Man-kit highlighted the company's resilience and adaptability in a volatile economic environment. Mail volume has dropped by one-third over the past five years, with Hongkong Post now focusing on e-commerce to counteract declining traditional mail services.

Written for “Hong Kong Post Deficit Continues” on 2026-11-04, grounded in this article and the 0 other(s) covering the same event.

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0 of 3 hedged ("reportedly", "may", "according to")

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no quote in the article backed the model's score

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62/100

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Economy/Business

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South China Morning Post · 3696 article(s) · 8 correction(s) detected

Running correction rate · 8 correction(s)

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Nothing else under this byline is closely related to this article, so these are simply their most recent.

All 30 articles by Lo Hoi-ying →

Topics

Hong Kong’s Hongkong Post

Subjects

Hongkong Post ORG · 3× Donald Ng Man-kit PERSON · 1× Hong Kong’s GPE · 1×

Narrative

The deficit comes as mail volume falls by a third in five years, with Hongkong Post betting on e-commerce Hong Kong’s government-owned postal service reported a record operating deficit of HK$905 million (US$115 million) in 2025-26, its ninth straight annual loss. In its annual report published on Wednesday, Hongkong Post said the past year showed its “resilience and adaptability” despite a volatile economic environment and an escalating geopolitical situation.

framing: assertive · carried by 1 article(s) · first seen 2026-10-28

2026-10-28 · South China Morning Post

Hongkong Post reports record HK$905 million deficit in ninth year of losses · assertive framing

Claims (3 extracted, 0 hedged)

Hongkong Post reports record HK$905 million deficit in ninth year of losses asserted

Post → report → losses

year → come → environment

“The emergence of protectionism, tightening customs policies in various places, increasing terminal dues and rising operating costs posed significant challenges to its operations, resulting in an operating deficit of HK$905 million for the year,” Postmaster General Donald Ng Man-kit said. asserted

kit → tighten → year