Postepay: revenues and operating profit continue to grow

In Q1-26 Postepay services revenues were up 6.8% y/y to €425m. Payments revenues were up 4.5% to €297m driven by transaction value growth (+10%) and growth in total number of ecosystem transactions (+14%). Telco revenues were stable at €82m, -0.2% y/y, thanks to solid client acquisitions and the integrated migration to the TIM mobile network infrastructure, completed in April. The Poste Energia retail energy offer contributed to the top line with €46m, driven by continued customer base growth reaching around 1.1 million of clients. Adjusted EBIT for the period was up 15.1% y/y to €153m, driven by top-line performance and effective cost management. Solid revenue and EBIT progression is fully visible, ahead of integration into the financial hub.