IDS said in January that it was on course to return to annual adjusted operating profit, before voluntary redundancy costs, in 2024-25, “despite the difficult market environment”.

The owner of Royal Mail is expected to show a return to annual earnings on Monday in the firm’s first set of results since the completion of its £3.6bn takeover by Czech billionaire Daniel Kretinsky.

International Distribution Services (IDS) will post figures for the 12 months to 31 March after a milestone year for the group, which saw Royal Mail taken into foreign ownership for the first time in its more than 500-year history.

The year has also seen regulator Ofcom rubber stamp reforms allowing Royal Mail to ditch second class letter deliveries on Saturdays and change the service to every other weekday, whi

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