Poste, again record accounts. Profit rises by 10%: to shareholders 1.6 billion

Poste Italiane closed another record year in 2025, also benefiting from the first results of the Tim acquisition. The group led by Matteo Del Fante announced a new record for operating profit, which reached €3.2 billion (+10%), and for net profit, which stood at €2.2 billion (+10%). Revenues grew by 4 per cent to EUR 13.1 billion. The proposed dividend per share for shareholders rose by 16 per cent, with the total distribution of EUR 1.6 billion against a payout of 73 per cent.

Also yesterday, the board approved updated targets for the end of 2026, which envisage Ebit at EUR 3.3 billion and net profit at EUR 2.3 billion. Revenues are expected to rise to EUR 13.5 billion, and the dividend policy is to distribute more than 70 per cent of the net profit. The dividend that will be distributed by Tim will also contribute to shareholders' remuneration in the future: the telecommunications subsidiary's coupon is estimated at EUR 100 million in 2027, while there will be an increase in the value of shares linked to the buyback of up to EUR 400 million announced by the subsidiary in recent days.

Poste Italiane's new business plan will be presented by the end of 2026, i.e. after the renewal of the company's top management, which will take place with the shareholders' meeting to approve the budget. Among the information released yesterday, it emerges that the board of Poste Italiane has approved a reorganisation plan that envisages integrating the PostePay payments company into BancoPosta. A reorganisation of the group has been 'launched, to create a new financial pole that integrates payment services and financial services,' reads the leaked note.

Returning to the approved accounts, third-party revenues from mail, parcels and distribution amounted to EUR 3.9 billion, an increase of 2.7 per cent. The targets to the end of 2026 see total revenues in the segment rise to 4.1 billion. Revenues in the delivery business dropped from EUR 2.12 billion in 2024 to EUR 2.05 billion, while those in parcel delivery rose from EUR 1.58 billion to EUR 1.73 billion. The operating result was positive by EUR 30 million, while the net result reduced the loss to EUR 46 million. There were 349 million parcels delivered during the period.

Third-party income from financial services amounted to EUR 5.6bn (+2.9%) and is expected to reach EUR 5.7bn by the end of 2026. Growth was driven by net interest income, which rose to EUR 2.7bn (+6.7%), and postal savings. The segment's net result grew to EUR 766 million. Insurance services grew to EUR 1.8 billion (+11.3%) and is expected to reach EUR 1.9 billion by the end of the year. Payment services grew to EUR 1.66bn (+5.1%) and are expected to reach EUR 1.8bn by year-end 2026. Energy revenues almost doubled from EUR 76 million to EUR 126 million, as did energy contracts, which reached EUR 1.023 million.