In Q2-25 gross revenues (including intersegment distribution revenues) were up 7.1% y/y to €1.7bn (€3.4bn in H1-25, +7.1% y/y).
In Q2-25 Net Interest Income was up +2.7% y/y, to €671m, (€1.3bn in H1-25, +7.5% y/y), representing the highest quarterly NII ever recorded, benefitting from higher average deposits and lower cost of funding.
Postal savings’ distribution fees were at €451m in Q2-25, up 8.8% y/y (€892m in H1-25, +5.6% y/y), benefitting from improving gross inflows.
Transaction banking fees were broadly stable at €175m, down 3.2% y/y in Q2-25 (€351m in H1-25, -4.2% y/y), impacted by lower payment slip volumes.
In Q2-25 Consumer loans’ distribution fees were at €69m, up 17.2% y/y (€140m in H1-25, +15.4% y/y), driven by higher margins.
In Q2-25 Fees from asset management were down 12.6% y/y, to €46m (€89m in H1-25, -7.8% y/y), reflecting lower upfront fees due to different product mix, while assets under management are growing. Total Financial Assets reached €600bn in H1-25, up €9bn from December 2024, as Poste Italiane continues to adapt its offer to meet evolving client needs to have a compelling financial proposition in all market environments.
TFAs were up supported by €5.5bn net inflows , of which €1.9bn Investment products, driven by Life Investments & Pension and Deposits.
In Q2-25 Adjusted EBIT was at €268m, up 23.1% y/y (€528m in H1-25, up 26.9% y/y), supported by strong revenue performance.
