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Poste Italiane (PST) investor relations material
Poste Italiane Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record H1 2025 results: revenues of €6.5bn (up 5% y/y), adjusted EBIT of €1.7bn (up 12% y/y), and net profit of €1.2bn (up 14% y/y), with all business units contributing to growth.
Financial and insurance services delivered strong results, supported by record net interest income and robust commercial performance.
Group balance sheet remains solid, with Solvency II ratio at 315% and client total financial assets at €600bn (+€9bn vs Dec 2024).
Strategic investments included the acquisition of a 24.8% stake in TIM and sale of Nexi and Anima Holding stakes.
Upgraded FY 2025 guidance: adjusted EBIT to €3.2bn, net profit to €2.2bn, and dividend payout ratio confirmed at 70%.
Financial highlights
H1 2025 group revenues at €6.5bn (up 4.8–5% y/y); Q2 revenues at €3.3bn (up 4.5–5% y/y).
Adjusted EBIT for H1 2025 at €1.7bn (up 11.5–12% y/y); Q2 at €864m (up 10.4–10% y/y).
Net profit for H1 2025 at €1.2bn (up 14% y/y); Q2 at €572m (up 9–9.1% y/y), including €27m mark-to-market gain on Nexi and TIM shares.
All business units posted revenue growth: Mail, Parcel & Distribution (+1% y/y), Financial Services (+5.7–7% y/y), Insurance Services (+9.5–10% y/y), Postepay Services (+5–5.4% y/y).
Group client TFAs reached €600bn, up €9bn from December 2024.
Outlook and guidance
FY 2025 adjusted EBIT guidance raised to €3.2bn (from €3.1bn); net profit guidance increased to €2.2bn (from €2.1bn).
Dividend policy confirmed with a payout ratio of 70% for 2024–2028.
Management expects continued execution of the 2024–2028 Strategic Plan, focusing on omnichannel service, customer relations, and logistics transformation.
All business units expected to continue contributing to top-line and profitability growth.
Italian GDP growth for 2025 projected at 0.6%, with high uncertainty due to global trade and geopolitical tensions.
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