Poste Italiane (PST) Q1 2025 earnings summary

Executive summary

• Achieved record Q1 2025 revenues of €3.2 billion (+5% y/y), with all business units contributing to growth.

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

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

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

• Acquired 24.8% of TIM shares, supporting telco market consolidation and future synergies.

Financial highlights

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

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

• Group client Total Financial Assets reached €596 billion, up over €5 billion from December 2024.

• BancoPosta Total Capital Ratio: 23.2%; Insurance Group Solvency II Ratio: 305%.

• Dividend for 2024 set at €1.08 per share, with €0.75 per share to be paid in June 2025.

Outlook and guidance

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

• Strategic Plan 2024-2028 focuses on omni-channel customer relations, logistics transformation, and digital/AI investments.

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

• NII guidance for 2025 portfolio return reconfirmed at €2.6 billion.

• Italian GDP growth projected at 0.6% for 2025 amid global uncertainty and trade tensions.