In a challenging geopolitical and competitive environment, results up, driven by bancassurance activities, disciplined cost control and the group’s ongoing transformation.
Meeting under the chairmanship of Philippe Wahl, the Board of Directors approved the group’s consolidated financial statements for first-half 2025.
“The first half of 2025 – the last six-month period in my role as Chairman and Chief Executive Officer – clearly demonstrates the transformation of La Poste Groupe, which is continuing to develop in increasingly competitive markets without abandoning its public service missions, which are the foundations of its identity but whose compensation conditions weigh on its competitiveness. I would like to take this opportunity to pay tribute to the hard work and dedication of all our postal workers”. – Philippe Wahl, Chief Executive Officer of La Poste Groupe until June 25, 2025
Foreword by Philippe Bajou, Deputy Chief Executive Officer of La Poste Groupe – “La Poste Groupe’s first-half results are up year on year, with net profit rising to €719 million. This momentum was driven by continued development of our businesses, rigorous cost management and the successful measures we have put in place to overcome our past difficulties. The improvement in our results is also thanks to La Banque Postale, which recorded higher earnings, fuelled by a recovery in its banking activities, and growth from CNP Assurances, which now generates 44% of its revenue in France via the postal network. Volumes for our parcel delivery operators rose slightly in a fiercely competitive environment, with strong pressure on margins due to changing trends in the European market such as the expansion of out-of-home deliveries and low-value parcel deliveries from Chinese e-commerce. As a profitable and responsible company, La Poste Groupe further enhanced its non-financial performance in first-half 2025. On the environmental front, we implemented our carbon budget, enabling us to manage and track the decarbonisation of our activities during the period and helping us to reduce our GHG emissions by 7%. In terms of social responsibility, we retained our position as a leading regional and public service player. And as a caring, skills-enhancing and committed group, we signed several major collective agreements focused on quality of life and career development. Our first-half 2025 results reflect the commitment of our people and I know I can count on all of them to continue the growth and development initiatives we’ve started.”
Consolidated financial performance
Revenue¹ : €16,932m
- • down 0.3% vs first-half 2024
- • down 0.3% vs first-half 2024 at constant scope and exchange rates (like for like)
Operating profit² :
- • €1,509m, up €382m vs first-half 2024
- • €1,337m excl. material non-recurring items (, up €265m like for like vs first-half 2024
Attributable net profit :
- • €719m, up €225m vs first-half 2024
- • €700m excl. material non-recurring items (, up €267m like for like vs first-half 2024
Free cash flow³: positive €35m vs negative €261m in first-half 2024
Capital expenditure⁴: €487m vs €691m in first-half 2024
Attributable equity : €24,500m vs €23,373m at 31 December 2024
Net debt³ : €10,118m vs €10,601m at 31 December 2024
Responsible performance – Environmental performance
Reduction in GHG emissions⁵ :-7% vs first-half 2024 in line with the group’s SBTi commitments
Green investment portfolio⁶: €28.3bn
- • €300m increase vs 31 December 2024 on constant scope basis⁷
- • €1bn decrease on an actual scope basis
Social responsibility performance
Proportion of socially responsible lending out of LBP’s total loan originations⁸: 34% vs 31% at 30 June 2024⁹
Social performance – employement
Postal workers’ training rate¹⁰ : 82.6% vs 81.7% at 30 June 2024
Source: La Poste Groupe