Poste Italiane, net profit +14% and record revenues in 1H2025
The company ended the first half of 2025 with revenues of EUR 6.5 billion, up 4.8% year-on-year. Net profit reached 1.2 billion, a growth of 14%.
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Key points
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Poste Italiane presents a first half of 2025 with record results and announces an upward revision for full-year operating profit and net profit targets as well as a coupon increase. "The solid performance since the beginning of the year allows us to revise our full-year 2025 guidance upwards. We have decided to increase the operating profit guidance for 2025 from EUR 3.1 billion to EUR 3.2 billion and the net profit guidance for 2025 from EUR 2.1 billion to EUR 2.2 billion, with higher shareholder remuneration in line with our dividend policy based on a payout ratio," announced the group's CEO, Matteo Del Fante.
Net profit at 1.2 billion (+14%)
The company ended the first half of 2025 with revenues of EUR 6.5 billion, up 4.8% year-on-year. In the first quarter, revenues amounted to 3.3 billion (4.5% growth year-on-year). Operating profit (EBIT) reached EUR 1.7 billion, up 11.5% year-on-year (EUR 864 million in Q2, up 10.4% year-on-year), due to higher revenues and continued cost rationalisation activities. Net profit reached EUR 1.2 billion, up 14% (EUR 572 million in Q2, up 9.1% year-on-year). Invested financial assets of the group's customers reached 600 billion, up 9 billion from December 2024
Post and Parcels revenues of 1.9 billion (+1.1%)
.In the mail, parcels and distribution segment, revenues in the first half of 2025 reached 1.9 billion, up 1.1% year-on-year (960 million in the second quarter of 2025, or +0.7%). Financial services revenues amounted to EUR 2.8bn, up 5.7% year-on-year (EUR 1.4bn in Q2 2025, up 5.8% year-on-year). Insurance services revenues amounted to 906 million, up 9.5% year-on-year (464 million in Q2 2025, up 8.0% year-on-year). Postepay services revenues amounted to 802 million, up 5.4% year-on-year (404 million in Q2 2025, up 5.7% year-on-year).
Costs amounted to EUR 5.3 billion, up 3.9% year-on-year (EUR 2.6 billion in Q2 2025, up 3.3% year-on-year); ordinary personnel costs stood at EUR 2.9 billion, up 3% year-on-year (EUR 1.4 billion in Q2 2025, up 3.4% year-on-year). Contract renewals also had an impact. Non-personnel costs reached 2.3 billion, up 5.6% year-on-year (1.1 billion in Q2 2025, up 6.0% year-on-year), due to higher variable costs related to business expansion.
Revenues and profitability record: parcel volumes +14%
The company calls the results at 'record' levels for both revenues and profitability, with 'accelerated growth in parcel volumes (+14% year-on-year in Q2 2025 and +11% year-on-year in H1 2025) across customer segments, a solid performance in financial and insurance services, supported by a quarterly interest margin at record levels, and a solid sales performance of savings and investment products'.
