Poste Italiane (PST) Q3 2025 earnings summary

Executive summary

• Achieved record nine-month revenues of EUR 9.6 billion (+4% to +4.5% YoY), with all business units contributing to growth and strong commercial performance in insurance, financial services, and parcel delivery.

• Adjusted EBIT reached EUR 2.5 billion (+10% to +10.5% YoY) and net profit EUR 1.8 billion (+11% to +11.2% YoY), both at all-time highs since listing.

• Strategic initiatives included the successful migration to the Super App (15 million users, 4.1 million daily active users) and the launch of Team Energia with TIM, driving digital innovation and customer engagement.

• Interim dividend of EUR 0.40 per share (+21% YoY), totaling EUR 518–520 million, to be paid November 26, reflecting robust financial health and confidence in future performance.

• Confirmed FY25 guidance: EUR 3.2 billion adjusted EBIT and EUR 2.2 billion net profit.

Financial highlights

• Q3-25 revenues: EUR 3.2 billion (+3.9% to +4% YoY); 9M-25 revenues: EUR 9.6 billion (+4% to +4.5% YoY).

• Q3-25 adjusted EBIT: EUR 856 million (+8% to +8.5% YoY); 9M-25 adjusted EBIT: EUR 2.5 billion (+10% to +10.5% YoY).

• Q3-25 net profit: EUR 603 million (+6% to +6.1% YoY); 9M-25 net profit: EUR 1.8 billion (+11% to +11.2% YoY).

• All business units posted revenue growth: Mail, Parcel & Distribution (+2% to +3%), Financial Services (+4.6% to +5%), Insurance Services (+10% to +10.2%), Postepay Services (+4.7% to +5%).

• Parcel revenues up 8% to 8.4% in nine months and 10% in Q3; parcel volumes up 12% in nine months and 14% in Q3.

Outlook and guidance

• On track to meet FY25 guidance: EUR 3.2 billion adjusted EBIT and EUR 2.2 billion net profit, supported by strong commercial momentum and effective cost management.

• Parcel revenue target of EUR 1.8 billion for 2025 remains broadly in line, with Q4 expected to be the peak quarter.

• Dividend policy confirmed, with payout ratio increased to 70% for 2024–2028 and further updates expected alongside 2026 guidance.