ROMA (ITALPRESS) – Poste Italiane stores the first quarter of 2026 with record results, driven by the growth of all business divisions and a solid operational discipline. The Group has recorded revenues for 3.5 billion euros, in increase of 8% regarding the same period of the previous year, and an operating result (EBIT) adjusted of 905 million euros (+14% on an annual basis). Net income stood at EUR 617 million, up 3.3%. In the light of these performances and a favourable rate environment, the company has reviewed the guidance for the entire exercise 2026, bringing the objective of EBIT adjusted to 3.4 billion euros (compared to the 3.3 billion previously previewed).
On the strategic front, CEO Matteo Del Fante confirmed the timing for the Public Purchase and Exchange Offer (OPAS) on TIM, whose closure is expected by the third quarter of 2026. The operation aims to create the largest connected infrastructure platform in the country. Next 24 July, together with the results of the second quarter, Poste will also present the new Industrial Plan “Standalone” 2026-2030. Financial services recorded revenues of 1.6 billion (+10.5%), supported by the solidity of the investment portfolio and a net collection of 1.7 billion in investment products. For Correspondence, Packages and Distribution, revenues to 1 billion (+5.7%), with packages in strong growth (+15.2%) thanks to record volumes (89 million units).
For services Make sure you revenues at 469 million (+6.1%) and Solvency II Ratio at 294%. For the Postepay Services revenues to 425 million (+6.8%), with an increasing contribution of the energy supply (1,1 million customers). The Polis Project continues at full pace: at the end of March 5,251 post offices have already been transformed into digital service hubs. On the logistics front, Poste has recently signed a joint venture (Logistic 360) with Benetton Logistics to strengthen its leadership in the contract logistics sector
DEL FANTE “INIZIATO L’ANNO CON RISULTATI PARTICOLARMENTE SOLIDI”
Matteo Del Fante, CEO of Poste Italiane, commented on the results: “We started the year with particularly solid results, recording, in the first quarter, record revenues equal to € 3.5 billion, up by 8% year on year. This performance confirms the solidity of our platform and the consistency of our long-term strategy. This is our fourth consecutive quarter ended with record-level results, thanks to the solid contribution of all business divisions, with a net collection in investment products of € 1.7 billion, the result of the robust performance of the insurance sector Investimenti Vita e Previdenza, accompanied by constantly improving commercial trends in Postal Savings and stable retail stores. Our leadership in digital payments is confirmed, with a growth above market levels that emphasizes the solidity of our platform. The profitability has reached record levels, with an operating result (EBIT) Adjusted up by 14% year on year and equal to € 905 million, confirming the solidity of our discipline on costs and efficiency actions in a context characterized by inflation. Net profit grew to € 617 million, up by 3% year per year.
In light of the positive performance in the first part of the year and of a more favorable interest rate context, we have seen the adjustment at the operating result level (EBIT) Adjusted for 2026, fixing it to € 3.4 billion. The growth of revenues in the Correspondence, Packages and Distribution segment was driven by the increase in parcel volumes and repricing actions, which mitigated the expected decline in correspondence volumes. In mid-April we announced a joint venture with Benetton Logistics, as a further step in the growth and strengthening of our contract logistics business. In the Financial Services, revenues grew by 11% to € 1.6 billion, supported by the solidity of the investment portfolio and a solid commercial performance. The Insurance Services recorded positive results both in the Life and Security Investments sector and in the Protection section, with revenues up by 6% in the quarter to € 469 million. The unique and integrated ecosystem of Postepay Services for daily needs has generated growth both in revenues and profitability, anticipating integration into the new financial pole. We continue to operate from a strong position, the Group’s budget remains solid, with a Solvency II ratio of 294% and a net financial position improving, with € 341 million cash generated in the quarter (+€ 43 million compared to the first quarter of 2025).
We have further strengthened our conviction in the strategic validity of TIM’s acquisition of control and its natural consistency with our business model. Thanks to the solidity of our budget and robust cash generation, we are in a unique position to support digital investments and accelerate strategic initiatives to support growth. The combination of Poste Italiane’s telecommunications activities with the consumer segment of TIM will create the number one mobile operator in Italy, starting the next phase of domestic consolidation in the telecommunications sector. The financial profile of the proposed operation is extremely solid, with an increased effect on profit by action (EPS) starting from 2027, which becomes double digit since 2028. The dividend by implicit action in Guide 2026 is confirmed, and the policy of future dividends will be increasing compared to the standalone scenario. The pro-forma financial lever is expected to 1.4 times EBITDA net of the cost of leasing contracts (c.d. “after lease”) by the end of 2026, and in progressive reduction in the following years, and our credit rating has been confirmed by all three major rating agencies. We are entering a new chapter of our path, based on results already achieved and driven by a clear long-term ambition.
On July 24th, will we present our plan 2026? 2030 standalone, at the same time as the results of the second quarter 2026. Our people remain the most precious asset and I wish to thank them for their continuous commitment and dedication to the long-term success of Italian Posts. We remain strongly committed to creating value for all stakeholders – our shareholders, our customers, our employees and the communities we operate in.”.
– Press Office photos Poste Italiane –
(ITALPRESS).
