Record figures once again. Net profit of 1.8 billion for the first nine months (+4 per cent). The dividend rises by 7.5 per cent

Poste Italiane closed the first nine months of 2026 with record revenue of 10.2 billion, up 5 per cent thanks to growth across all business lines. Profitability also rose, with adjusted operating profit standing at 2.7 billion, up 7 per cent; adjusted net profit stood at 1.8 billion, up by 4 per cent. The company has announced an interim dividend, payable on 25 November, up by 7.5 per cent to 0.43 euros per share; the total amount of the interim dividend has increased by 32 per cent to 686 million, the group notes, due to the rise in the number of shares in circulation following the completion of the bid for TIM. In detail, revenue from postal services rose by 5.2 per cent to 3 billion; revenue from financial services rose by 3.7 per cent to 4.4 billion, whilst insurance revenue rose by 10 per cent to 1.5 billion. Postepay’s revenue rose by 1.7 per cent to 1.3 billion. Total costs rose by 4.5 per cent to 8.2 billion.

In terms of financial results, the sector’s overall operating profit fell by 26 per cent to 101 million, whilst net profit fell to zero. This was driven by the performance of mail revenue, which stood at 461 million, down 4 per cent year-on-year (1.5 billion in the first nine months of 2026, down 3.1 per cent year-on-year), in line with guidance. Revenues from parcels and logistics, on the other hand, continued to grow, rising by 3.7% to 436 million. The impact of the introduction of tariffs on parcels entering the EU from China was felt: in the third quarter, parcel volumes remained stable (+0.1 per cent year-on-year), totalling 87 million units (265 million units in the first nine months, up 8.1 per cent). Excluding the tariffs, parcel volume growth would have been 11 per cent for the quarter and 16 per cent year-on-year.

The financial services sector is benefiting from rising interest rates, with net interest income growing by 3.1 per cent to 690 million in the third quarter. Distribution fees from Postal Savings remained broadly stable, standing at 1.3 billion (-0.6 per cent). Revenues from collection and payment services suffered, falling by 2.2 per cent year-on-year to 511 million, due to lower volumes of payment slips. Fees from the distribution of loans and other products also fell (-7.3% to 188 million). By contrast, fees from asset management rose by 28.6% to 175 million. Financial assets totalled 614 billion, up by 14 billion. In the insurance sector, revenue from life and pension insurance stood at 1.3 billion, up by 8.9 per cent; net inflows amounted to 2.6 billion. Revenues in the protection and non-life insurance segment soared by 19.4 per cent to 176 million.

In the Postepay Services segment, payment revenues totalled 929 million (+7 per cent), driven by growth in transaction value and the higher overall number of transactions within the ecosystem (+11 per cent). Revenues from telecoms services fell by 0.4% in the third quarter to 82 million and rose by 0.2% year-on-year to 247 million. Poste Energia’s retail offering for electricity and gas contributed revenues of 120 million, thanks to the expansion of the customer base, which reached 1.3 million contracts. Adjusted operating profit (EBIT) grew by 13.8 per cent, standing at 474 million in the first nine months.

“Following an exceptional first half of the year, I am delighted to announce another record performance in both the third quarter and the first nine months of the year, with the best results ever. “Based on these results, we confirm our upwardly revised stand-alone guidance for the full financial year 2026, which forecasts an Adjusted operating profit of 3.4 billion and an Adjusted net profit of 2.3 billion,” said Poste’s CEO, Matteo Del Fante- Dividend growth remains a central element of our strategy. On 25 November, we will pay an interim dividend of 0.43 euros per share, up 7.5 per cent on last year. In absolute terms, the total amount will be 686 million, up 32 per cent year-on-year, reflecting the increase in the number of shares following the completion of the bid for TIM. We reaffirm our commitment to pursuing, now and in the future, an attractive and growth-oriented dividend policy.”