Poste Italiane (PST) Q1 2025 earnings summary

Executive summary

• Record Q1 2025 revenues of EUR 3.2 billion, up 5% year-on-year, with all business units contributing to growth.

• Adjusted EBIT rose 13% to EUR 796 million, and net profit increased 19% to EUR 597 million, both all-time Q1 highs.

• Strong net inflows in investment products and robust performance in Life Investments & Pension supported results.

• Maintained a solid balance sheet and capital position, with Insurance Solvency II ratio at 305% and dividend balance of EUR 0.75 per share to be paid in June.

• Acquired 24.8% of TIM shares, supporting telco market consolidation and value creation.

Financial highlights

• Revenues: EUR 3.2 billion (+5% y/y); Adjusted EBIT: EUR 796 million (+13% y/y); Net profit: EUR 597 million (+19% y/y).

• All segments posted revenue growth: Mail, Parcel & Distribution (+2%), Financial Services (+6%), Postepay Services (+5%), Insurance Services (+11%).

• Adjusted EBIT by segment: Financial Services EUR 260 million (+31% y/y), Insurance Services EUR 378 million (+9% y/y), Postepay Services EUR 133 million (+13% y/y), Mail, Parcel & Distribution EUR 25 million (-40% y/y).

• Group client TFAs reached EUR 596 billion, up over EUR 5 billion from December 2024, driven by EUR 1.6 billion net inflows in investment products.

• Dividend policy upgraded, with a total dividend for the year of EUR 1.08 per share.

Outlook and guidance

• Confirms 2025 targets for sustainable profitability growth and strong shareholder remuneration.

• Parcel revenue and EBIT guidance for 2025 reconfirmed, with April showing double-digit parcel growth.

• Strategic Plan 2024-2028 focuses on omni-channel customer relations and logistics transformation.

• Continued investment in digital transformation, AI, and sustainability initiatives.

• Dividend balance of EUR 0.75 per share (EUR 970 million) to be paid in June 2025.