Slovak Post Office Reduced Planned Loss to Less than €1.7 million Last Year

Bratislava, 14 April (TASR) - The state-run Slovak Post Office made a loss after taxes amounting to less than €1.7 million in 2025, which is significantly lower than the originally planned loss of €25 million, Jana Hajkova, director of the Slovak Post Office's finance department, announced at a news conference on Tuesday. The company intends to present a recovery plan at its extraordinary general meeting. The Slovak Post Office believes that the reduction in last year's loss, which made it the lowest since 2020, could help it to fulfil its ambition to make a profit by 2028. Its current operating model isn't sustainable in the long term without a fundamental transformation, which is already underway. The company will have to adapt to customer behaviour. The firm generated revenues of €361.5 million last year, with costs amounting to €362.6 million. "In 2025, we managed to increase revenues and slightly stabilise costs, which are constantly rising. We achieved this thanks to responsible managerial decisions in the areas of price adjustments, salary management, the sale of redundant assets, and other cost savings," said Hajkova. A €60-per-month salary hike, which will cost more than €5 million in total, was moved to the second half of the year, as personnel costs represent a significant expenditure item. Slovak Post Office general director Vladislav Kupka said that over recent years the company has accumulated losses equalling one third of its equity capital. "It's the duty of the board of directors to convene an extraordinary general meeting, which we've asked the shareholder to do, and the recovery plan will be presented there. I expect support from the shareholder and the opportunity to implement it," said Kupka. The sole shareholder of the Slovak Post Office is the Transport Ministry. ko/df