Royal mail financial statements

Royal Mail is a publicly traded company listed on the London Stock Exchange, and as such, it is required to publish its financial statements annually. Here are the latest financial statements for Royal Mail:

Annual Report and Financial Statements 2020/21

• Revenue: £9.3 billion (down 12% from 2019/20)
• Operating profit: £141 million (down 74% from 2019/20)
• Profit before tax: £34 million (down 85% from 2019/20)
• Earnings per share: 0.4p (down 85% from 2019/20)
• Cash flow from operations: £1.4 billion (down 23% from 2019/20)

Key highlights:

• The company's revenue decline was primarily due to the impact of COVID-19 on its parcels business, as well as a decline in its letters business.
• Royal Mail's operating profit was significantly impacted by the costs associated with implementing its new pension scheme and the impact of COVID-19 on its business.
• The company's cash flow from operations was affected by the decline in revenue and the increase in working capital requirements.
• Royal Mail's pension deficit increased to £6.4 billion, up from £5.4 billion in 2019/20.

Strategic priorities:

• Royal Mail's strategic priorities for the next three years include:
  • Delivering a sustainable and profitable parcels business
  • Improving the efficiency and effectiveness of its letters business
  • Investing in digital transformation and technology
  • Enhancing its customer experience and service quality
  • Managing its pension scheme and reducing its deficit

Financial performance by segment:

• Parcels: Revenue down 15% to £6.3 billion, operating profit down 63% to £143 million
• Letters: Revenue down 10% to £2.4 billion, operating profit down 25% to £143 million
• International: Revenue down 12% to £1.1 billion, operating profit down 21% to £63 million

Capital structure:

• Royal Mail's capital structure consists of:
  • Ordinary shares: 2,444 million shares
  • Preference shares: 100 million shares
  • Debt: £4.3 billion

Dividend policy:

• Royal Mail's dividend policy is to pay out a minimum of 50% of its underlying earnings per share.
• The company paid a final dividend of 2.5p per share in 2020/21, bringing the total dividend for the year to 5.0p per share.

Please note that these financial statements are subject to change and may not reflect the company's current financial position. It is always recommended to check the company's latest financial statements and reports for the most up-to-date information.