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Record quarterly interest margin for financial services
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Record quarterly interest margin for financial services

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Gross revenues increased by 7.1%, year-on-year, to € 1.7 billion for Poste Italiane's financial services segment

In Q1-25 gross revenues (including intersegment distribution revenues) were up 7.1% y/y to €1.7bn.

In Q1-25 Net Interest Income was up 12.7% y/y to €666m, benefiting from management yield enhancement actions.

Q1-25 postal savings distribution fees were up 2.6% y/y to €441m, supported by improving

gross inflows.

In the quarter, transaction banking fees were down 5.1% y/y to €176m resulting from lower payment slips volumes.

In Q1-25 Consumer loans’ distribution fees were up 13.6% y/y to €71m, driven by higher margins.

Fees from asset management were broadly stable at €44m with higher Assets under Management compensating lower upfront fees.

Total Financial Assets reached €596bn in Q1-25 (up over €5bn since December 2024), driven by €1.6bn strong net inflows in investment products, confirming positive trends in Life Investments & Pension.

In Q1-25 Adjusted EBIT was up 31.0% y/y to €260m, reflecting strong revenue performance.