Poste Italiane: First-half profit at 1.2 billion, revenues grow to 6.8 billion

Poste Italiane announced a robust first-half financial performance, posting a net profit of 1.2 billion euros and achieving total revenues of 6.8 billion euros. The company's diverse business segments all contributed to this positive outcome, demonstrating the success of its strategic initiatives.

Revenue from mail, parcel, and distribution services reached 2 billion euros in the semester, marking a 6.4% year-on-year increase. This growth was driven by repricing actions. Investment products saw a net inflow of 2.7 billion euros, reflecting improved commercial dynamics in postal savings and stable retail deposits. Financial and insurance services also performed well, with revenues of 3 billion euros (up 4.4%) and 983 million euros (up 8.6%), respectively.

Postepay, the company's digital payment arm, continued its growth trajectory with revenues increasing by 7.3% year-on-year to 860 million euros. Despite the revenue growth, total group costs rose by 4.1% to 5.5 billion euros. Ordinary personnel costs increased by 0.9% to 2.9 billion euros, with a 0.3% rise in the second quarter attributed to agreed-upon salary increases.

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We are carrying forward this transformation, starting from a position of strength. Our activities continue to register positive performance, we continue to implement our plans rigorously, while the market continues to recognize the value we are generating.

CEO Matteo Del Fante expressed confidence in the company's ongoing transformation, stating, "We are carrying forward this transformation, starting from a position of strength. Our activities continue to register positive performance, we continue to implement our plans rigorously, while the market continues to recognize the value we are generating."

Del Fante also commented on the strategic acquisition of TIM, viewing it as an ideal complement to strengthen Poste Italiane's platform. The subscription period for the offer on TIM began on July 20 and will conclude on September 11, with a potential reopening of terms later in September. The company anticipates presenting the industrial plan for the newly integrated entity in the first quarter of 2027.

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TIM represents the ideal complement to strengthen our platform.