Poste continues to grow: record half-year revenue and profit (1.2 billion)

Poste Italiane has announced another half-year of growth. As CEO Matteo Del Fante points out, ‘this is the fifth consecutive half-year of record results’ , with revenue up 5.9 per cent to 6.8 billion, an adjusted operating profit of 1.8 billion (+6.8 per cent) and a net profit of 1.3 billion, up 3.5 per cent. At the same time, the group has signed a term sheet with CDP for the distribution of postal savings over the period 2026–2030 and expects to present the new business plan for the new structure resulting from the integration with TIM in early 2027, once the outcome of the public takeover bid launched on 20 July – which is due to close on 11 September – is known. Returning to the half-year figures, total costs stood at 5.5 billion, up 4.1 per cent; staff costs amounted to 2.9 billion (+3.4 per cent), reflecting the pay rises provided for in the collective agreement. Other costs totalled 2.5 billion (+10 per cent), mainly due to higher variable costs associated with business expansion. The group’s clients’ financial assets under management reached 613 billion, an increase of 13 billion since December 2025.

In detail, the parcels and mail sector achieved revenue of 2 billion (+6.4%). Revenue from mail fell by 2.7 per cent to 1 billion. Logistics revenue is now close to matching that of the traditional mail sector: they stand at 907 million, up 13 per cent, driven ‘by a diversified customer base and the continued expansion of logistics activities, with an initial contribution coming from the “Logistic 360” joint venture signed with Benetton in April’, the report explains. The volume of parcels delivered reached 179 million (+12.5 per cent). The division’s net profit rose to 121 million.

Financial services are also keeping pace, with revenues of 3 billion, up 4.4 per cent. Net interest income (linked to interest rate trends) rose by 0.8 per cent year-on-year to 1.3 billion, benefiting from a more favourable interest rate environment. Distribution fees for Postal Savings amounted to 443 million in the second quarter of 2026, down 1.8 per cent year-on-year (883 million in the first half of 2026, down 1.0 per cent year-on-year), in line with expectations. Revenue from collection and payment services stood at 169 million, down 3.1% year-on-year, due to lower volumes of payment slips. Commissions from consumer loan distribution stood at 130 million (-6.9% year-on-year), affected by higher interest rates. Fees from asset management rose by 25.1 per cent to 122 million, thanks to higher assets under management. The sector’s adjusted operating profit was 583 million (+10.4 per cent). It should be noted that the first half of the year also benefited from capital gains of 166 million on the sale of government bonds, which had not been realised in the same period of the previous year.

The insurance sector continues to lead the way, with revenue up 8.6 per cent to 983 billion and profit up 0.8 per cent to 578 million. In Postepay’s payments division, revenue stands at 860 million, representing year-on-year growth of 7.3 per cent. Energy contracts rose from 874,000 to 1.2 million customers, with sector revenue increasing by 46 per cent, from 57 to 84 million. Payments revenue rose by 5.3 per cent to 611 million. Net profit stood at 232 million, up 10 per cent. Telecoms sector revenue remained stable at 165 million.

In February, the financial community was informed of the 2026 guidance for Adjusted EBIT and consolidated net profit, forecast at over €3.3 billion and €2.3 billion respectively, explains a statement. The strong financial performance recorded in the first three months of the year then led management to revise its guidance for Adjusted EBIT upwards to €3.4 billion as early as May. This guidance is confirmed by the results achieved in the second quarter of the year, whilst, taking into account the group’s further strategic developments, a new Strategic Plan is expected to be presented during the first quarter of 2027.”