This report provides a comprehensive analysis of Royal Mail PLC's performance before and after the COVID-19 pandemic, comparing the periods of 2016-2019 and 2020-2021. It examines the company's financial results, including revenues, profits, and cash flow, and assesses the impact of the pandemic-driven surge in online shopping and parcel deliveries. The report also evaluates the company's strategic responses to the challenges and opportunities presented by the pandemic, including cost-cutting measures, operational transformations, and adjustments to the Universal Service Obligation. Through an analysis of financial ratios and key performance indicators, the report highlights the significant changes in Royal Mail's financial health and operational efficiency, demonstrating the company's resilience and adaptability in the face of unprecedented market conditions.