In Q3-25 gross revenues (including intersegment distribution revenues) were up 3.1% y/y to €1.6bn (€5.0bn in 9M-25, +5.8% y/y). In Q3-25 external revenues at €1.4bn, +2.6% y/y (€4.2bn in 9M-25, +4.6% y/y).
Net Interest Income up to €669m in Q3-25, +3.2% y/y (€2.0bn in 9M-25, +6.0% y/y), driven by higher average deposits and lower cost of funding. Postal savings’ distribution fees were up 3.0% y/y at €443m in Q3-25, (€1.3bn in 9M-25, +4.7% y/y) supported by improved gross inflows driven by commercial initiatives, as well as longer maturity of products sold.
Transaction banking fees were at €171m, -4.5% y/y in Q3-25 (€522m in 9M-25, -4.3% y/y), impacted by lower payment slip volumes. In Q3-25 Consumer loans’ distribution fees were at €63m, up 14.6% y/y (€203m in 9M-25, +15.1% y/y), driven by higher margins confirming the strength of the multi-partnership model.
In Q3-25 fees from asset management were up at €47m, +3.0% y/y (€136m in 9M-25, -4.4% y/y), reflecting higher AuM and lower upfront fees due to different product mix.
Total Financial Assets reached €601bn in 9M-25, up €10bn from December 2024 . Net inflows from investment products came in at €2.3bn year to date.
Q3-25 Adjusted EBIT at €262m, up 16.0% y/y (€790m in 9M-25, +23.0% y/y) reflecting strong top line trends.
