Poste Italiane has reported increased revenues and profitability for the first quarter of 2026, supported by growth across its business units, including mail, parcels and financial services.
Group revenues reached €3.5bn (US$4.12bn) in Q1, up 8% year-on-year. Mail, parcel and distribution revenues rose 5.7% to €1.0bn (US$1.18bn), driven by higher parcel volumes and pricing measures offsetting declining mail volumes. Financial services revenues increased 10.5% to €1.6bn (US$1.88bn), while insurance services rose 6.1% to €469m (US$552m). Postepay services revenues grew 6.8% to €425m (US$499m).
Adjusted EBIT rose 13.6% year-on-year to €905m (US$1.06bn) while net profit increased 3.3% to €617m (US$726m).
Total costs increased 4.9% to €2.8bn (US$3.29bn), reflecting higher business activity. Human resources costs rose 1.4% to €1.5bn (US$1.76bn), while non-HR costs increased 10.3% to €1.2bn (US$1.41bn).
The group reported €1.7bn (US$2bn) in net inflows into investment products, alongside stable retail deposits and continued growth in postal savings. Total financial assets reached €606bn (US$713bn), up €5.3bn (US$6.23bn) compared with December 2025.
Poste Italiane also reported a strong capital position, with a Solvency II ratio of 294% and a BancoPosta total capital ratio of 24.4%.
Matteo Del Fante, CEO of Poste Italiane, said, “We delivered a very strong start to the year, achieving record Q1-26 revenues of €3.5bn (US$4.12bn), up a healthy 8% year on year. This performance confirms the strength of our platform model and the consistency of our long-term strategy.
“Profitability hit record levels, with adjusted EBIT up 14% to €905m (US$1.06bn), confirming the strength of our cost discipline and efficiency actions in an inflationary context. Net profit rose to €617m (US$726m), up 3% year on year.”
In the mail, parcel and distribution segment, the company said growth was supported by increasing parcel volumes and repricing actions. Poste Italiane also announced a joint venture with Benetton Logistics in April to expand its contract logistics operations.
The company confirmed that its planned acquisition of a stake in TIM remains on track, with completion expected by the third quarter of 2026.
Looking ahead, Poste Italiane has raised its full-year 2026 guidance, with adjusted EBIT now expected to reach €3.4bn (US$4bn). A new multi-year standalone plan is scheduled to be presented alongside its Q2 2026 results on July 24.
Del Fante said, “We continue to operate from a position of strength, the group’s balance sheet remains robust, with our Solvency ratio at 294% and improving net financial position.”
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