Poste Italiane, again record revenues and profitability. Coupon advance also up 21%
In the first nine months of 2025, the company led by Matteo Del Fante achieved revenue growth of 4%, to €9.6 billion, an operating result of €2.5 billion, up 10%, and a net profit of €1.8 billion (+6.1%)
Key points
Poste Italiane announces for the fifth consecutive quarter results that mark records in terms of revenues and profitability. The company led by Matteo Del Fante achieved in the first nine months of 2025 a revenue growth of 4%, to 9.6 billion, an operating profit of 2.5 billion, up 10%, and a net profit of 1.8 billion (+6.1%). All these balance sheet items are at unprecedented levels and allow the group to also announce a record in terms of dividend distribution: on 26 November, an advance on the coupon of EUR 0.4 per share (EUR 518 million in all) will be paid, up 21 per cent year-on-year. All this while the company's stock is setting records every day on the stock exchange: it is close to EUR 21.5 per share against a capitalisation of EUR 28 billion. Ten years ago, when the company was listed on the stock exchange, it was worth 8.
Target increase to end 2025 confirmed: profit expected at 2.2 billion
In view of the record numbers, the upward target update already announced in recent months is all the more confirmed: operating profit is expected at EUR 3.2 billion at year-end and net profit at EUR 2.2 billion. These results are also unprecedented. The brilliant performance of the numbers is driven by all business segments of the group. Growth in the parcel and mail segment is driven by parcel delivery, while mail delivery is still shrinking. Revenues in the compressed segment reached EUR 2.8 billion, a growth of 1.6% year-on-year. However, the segment's operating profit was down by 25 per cent and net profit by 40 per cent, to EUR 40 million. The 4.4 per cent drop in mail revenues weighed heavily. On the other hand, parcel revenues are still on the rise, at EUR 1.2 billion (+8.4%), as are volumes: 245 million items delivered in the first nine months, up 12.3%.
Growth from all sectors: net interest income rises even as rates are cut
Revenues from financial services amounted to EUR 4.2 billion, up 4.6% year-on-year (EUR 1.4 billion in Q3, up 2.6% year-on-year). Net interest income rose 6% to EUR 2 billion (EUR 669 million, +3.2% in the third quarter), despite the decline in interest rates: this is because it benefited from higher average deposit balances and a lower cost of funding. Distribution commissions for postal savings rose 4.7% year-on-year to 1.3 billion in the first nine months, supported by higher gross funding, driven by sales initiatives and a longer life of the products placed.
Revenues from collection and payment services amounted to EUR 522 million in the first nine months (-4.3 per cent) due to the decline in payments via bills. Revenues from insurance services amounted to EUR 1.4 billion, up 10.2 per cent.
Insurance industry-wide payment revenues
Revenues from Postepay services reached 1.2 billion, up 4.7 per cent year-on-year. In terms of revenue, the sector almost caught up with the insurance sector. Revenues from tlc services were stable (EUR 247 million in the first nine months, +0.7% year-on-year), supported by a stable customer base and the fibre offering. Poste Energia's retail offering for electricity and gas contributed €86 million to revenue performance, driven by a customer base of around 950,000.
