Rome, 22 Jul 2025 10:34
RECORD PROFITABILITY WITH ADJUSTED EBIT2 AT €1.7BN, UP 12% Y/Y AND NET PROFIT3 AT €1.2BN, UP 14% Y/Y
PARCEL VOLUME GROWTH ACCELERATION (+14% Y/Y IN Q2-25 AND +11% Y/Y IN H1-25) ACROSS CUSTOMER SEGMENTS
STRONG PERFORMANCE IN FINANCIAL AND INSURANCE SERVICES SUPPORTED BY RECORD QUARTERLY NII AND SOLID COMMERCIAL PERFORMANCE OF SAVINGS AND INVESTMENT PRODUCTS
SIGNIFICANT GROWTH OF PROTECTION BUSINESS
POSTEPAY SERVICES REVENUES1 UP 5% Y/Y IN H1-25 DRIVEN BY ACCELERATION OF DIGITAL PAYMENTS AND SOLID MOMENTUM IN ENERGY BUSINESS
SOLID GROUP BALANCE SHEET AND SOLVENCY II RATIO AT 315%
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FY 2025 GUIDANCE UPGRADE:
ADJUSTED EBIT2 INCREASED FROM €3.1BN TO €3.2BN
NET PROFIT INCREASED FROM €2.1BN TO €2.2BN
DIVIDEND POLICY CONFIRMED
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- H1-25 GROUP REVENUES1 AT €6.5BN, 4.8% Y/Y (€3.3 IN Q2-25, UP 4.5% Y/Y):
- MAIL, PARCEL & DISTRIBUTION SEGMENT REVENUES AT €1.9BN IN H1-25, UP 1.1% Y/Y (€960M IN Q2-25, UP 0.7% Y/Y).
- FINANCIAL SERVICES REVENUES AT €2.8BN IN H1-25, UP 5.7% Y/Y (€1.4BN IN Q2-25, UP 5.8% Y/Y).
- INSURANCE SERVICES REVENUES TO €906M IN H1-25, UP 9.5% Y/Y (464M IN Q2-25, UP 8.0% Y/Y).
- POSTEPAY SERVICES REVENUES1 AT €802M IN H1-25, UP 5.4% Y/Y (€404M IN Q2-25, UP 5.7% Y/Y).
- H1-25 TOTAL COSTS1,4 TO €5.3BN, UP 3.9% Y/Y (€2.6BN IN Q2-25, UP 3.3% Y/Y):
- H1-25 ORDINARY HR COSTS4 AT €2.9BN, UP 3.0% Y/Y (€ 1.4BN IN Q2-25, UP 3.4% Y/Y), REFLECTING HIGHER FTEs AND VARIABLE COMPENSATION.
- H1-25 NON-HR COSTS4,5 TO €2.3BN, UP 5.6% Y/Y (€1.1BN IN Q2-25, UP 6.0% Y/Y), RESULTING FROM HIGHER VARIABLE COSTS FOR BUSINESS EXPANSION.
- H1-25 ADJUSTED EBIT2 AT €1.7BN, UP 11.5% Y/Y (€864M IN Q2-25, UP 10.4% Y/Y), DRIVEN BY HIGHER REVENUES AND CONTINUED COST DISCIPLINE.
- H1-25 NET PROFIT3 AT €1.2BN, UP 14.0% Y/Y (€572M IN Q2-25, UP 9.1% Y/Y).
- GROUP CLIENT TFAs REACHED € 600BN, UP €9BN FROM DECEMBER 20246.
- STRONG CAPITAL POSITION: BANCOPOSTA TOTAL CAPITAL RATIO AT 22.7% (OF WHICH CET1 RATIO AT 19.5%), LEVERAGE RATIO AT 3.1% AND POSTE VITA GROUP SOLVENCY II RATIO AT 315%.
KEY ACHIEVEMENTS IN Q2-25:
- The Polis Project, designed to simplify access to public administration services, particularly in small municipalities, continues to make significant progress. As of 30 June, over 3,900 post offices have been transformed into Digital Service Hubs. The passport issuance service has exceeded 81,000 applications and is now active in 2,720 locations – including approximately 2,300 Polis post offices located in municipalities with fewer than 15,000 inhabitants and 415 major cities. The service is highly popular in smaller towns, accounting for c.70% of total requests.
- Green initiatives continue in support of the Group’s environmental strategy. As of 30 June, the low-emission delivery fleet has increased to around 29,000 vehicles, including more than 6,200 electric ones. Over 3,000 buildings have been upgraded with smart building technologies and more than 690 photovoltaic systems have been installed, contributing to the Group’s growing renewable energy production.
- Poste Italiane and the Italian National Police have renewed their agreement to strengthen cybersecurity for public services and digital infrastructure. The partnership enhances an established collaboration, with increased information sharing, joint operations to counter cyber threats and dedicated training programmes to reinforce digital security capabilities.
- Poste Italiane’s SuperAPP has achieved remarkable success, with over 8 million users and ranking as the most downloaded free app. This milestone reflects the Group’s ability to deliver accessible, user-friendly digital services. A new feature, ‘Dona ora’ (Donate Now), allows users to support environmental and social initiatives.
- Since the beginning of the year, Poste Vita has expanded its product range with five insurance investment solutions classified under art. 8 of the SFDR Regulation. These include traditional (class I) products (‘Poste Valore Solidità Più II’), multiclass (‘Poste Progetto Obbligazionario Bonus III’, ‘Poste Progetto Direzione Valore’, ‘Poste Progetto Obbligazionario’), and unit-linked (class III) products (‘Poste Prospettiva Sviluppo’), combining sustainability-focused criteria with a range of financial risk-return profiles.
Today, the Board of Directors of Poste Italiane S.p.A. (“Poste Italiane” or the “Group”), chaired by Silvia Maria Rovere, approved the first half 2025 Financial Results.
Matteo Del Fante, Poste Italiane Chief Executive Officer commented: “I am pleased to share another record-breaking period of growth as we continue to deliver on our strategic plan. The year is progressing very well, with results reflecting consistent strength across all businesses, achieving record first half revenue and profitability.
In the first six months of 2025, we booked record Group revenues of €6.5 billion, up 5% year-on-year. Adjusted EBIT grew 12% to over €1.6 billion while net profit rose 14% to €1.2 billion. These are our best-ever first half results since going public in 2015.
Mail, Parcel and Distribution revenues reached €1.9 billion, supported by solid parcel volumes and effective mail repricing actions.
Financial Services delivered a 6% increase in external revenues in the first half to €2.8 billion, driven by record-level quarterly NII and solid commercial performance.
Insurance Services posted strong profitability across both Life investment & Pension and Protection segments, with first-half revenues at €0.9 billion.
Postepay Services continues its upward trajectory as the ecosystem continues to represent a powerful engine of growth, innovation and customer engagement for the group. The energy business shows remarkable growth, reaching approximately 900,000 clients.
The group's diversification strategy has undoubtedly been a cornerstone in propelling exceptional performance over the past eight years along with our focus on disciplined execution. We remain firmly committed to generating sustainable long-term value for all our stakeholders.
The strong performance to date gives us the confidence to raise our full-year 2025 guidance. We are increasing our 2025 adjusted EBIT guidance from the initial €3.1 billion to €3.2 billion, and the 2025 net profit guidance from €2.1 billion to €2.2 billion, resulting in higher shareholders’ remuneration in light of our dividend policy based on a payout ratio.
We maintain a solid group balance sheet, with low leverage and an insurance solvency II ratio at 315%, well above our managerial ambition, providing us with significant financial flexibility.
Finally, I want to extend my sincere thanks to our employees for their dedication and professionalism. Their unwavering dedication continues to be central to the success and resilience of our Group.”
1 Revenues and costs are net of commodity price and pass-through charges of the energy business.
2 EBIT is adjusted excluding systemic charges related to insurance guarantee fund (€37m for Q2-24 and H1-24, €19m for Q2-25 and €38m for H1-25) and costs and proceeds of extraordinary nature.
3 Includes €27m of mark-to-market gain on Nexi and TIM shares upon (de)recognition.
4 Before the application of IFRS 17.
5 Excluding other non-HR costs. Numbers are net of commodity price and pass through charges of the energy business.
6 EoP figures.
POSTE ITALIANE Q2 & H1 2025 RESULTS
Tuesday 22 July 2025 - 15:00 CEST
To attend click here: Poste Italiane Q2 & H1 2025 Results Webcast
A listen only audio conference is also available: +39 02 8020927
For further information:
Poste Italiane S.p.A. Investor Relations Poste Italiane S.p.A. Media Relations
Tel. +39 06 5958 4716 Tel. +39 06 5958 2097
Mail: investor.relations@posteitaliane.it Mail: ufficiostampa@posteitaliane.it
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Financial calendar
Next events
- 13 November 2025 - Q3 & 9M-25 Group Results presentation.
- 26 November 2025 - Payment of the interim dividend for 2025, with ex-dividend date 24 November 2025 and record date of 25 November 2025.