Record revenues for Poste Italiane in the first half of 2025, up 5% year-on-year, reaching €6.5 billion, with contributions from all business segments.
Poste Italiane Group recorded an all-time record for the first half of the year in terms of revenue, EBIT and net profit. Revenues of €6.5 billion were up 4.8% y/y; adjusted EBIT and consolidated net profit for the period amounted to €1.66 billion (+11.5% y/y) and €1.17 billion (+14% y/y) respectively. These results were helped in particular by the interest margin, which reached a record high in the first half of the year, as well as by revenues from the parcel and insurance segments, always combined with careful cost discipline.
The positive financial performance recorded in the first six months of the year led the management to revise the Plan guidance for adjusted EBIT and year-end Net Profit upwards already in July, to €3.2 and €2.2 billion, respectively. In addition to the improvement in the dividend policy, through the increase in the payout ratio to 70% for 2024-2028 already communicated to the market in February 2025 on the occasion of the presentation of the preliminary results for the year 2024, it is noted that, since the listing in 2015, Poste Italiane shareholders have benefited from a progressive increase in the share price with an increasing overall remuneration, reflected in a level of Total Shareholder Return (TSR) higher than that recorded on the main stock exchange index (FTSE MIB). The share price exceeded €18 several times during the first half of the year, reaching a new record high at around €19 at the beginning of June.
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.”
Source: Poste Italiane