In Q2-26 gross revenues (including intersegment distribution revenues) were down 1.2% y/y to €1.7bn (€3.5bn in H1-26, +3.7% y/y).
External revenues were at €1.4bn, -1.6% y/y (€3bn in H1-26, +4.4% y/y).
Net Interest Income was up +0.8% y/y, to €676m in Q2-26, (€1.3bn in H1-26, -0.2% y/y), benefiting from improved rates environment.
Postal savings’ distribution fees were at €443m in Q2-26, -1.8% y/y (€883m in H1-26, -1.0% y/y), progressing in line with FY-26 guidance.
Transaction banking fees at €169m, down 3.1% y/y (€342m in H1-26, -2.6% y/y), due to lower payment slip volumes.
Consumer loans’ distribution fees were at €65m in Q2-26, down 6.4% y/y (€130m in H1-26, -6.9% y/y), impacted by higher interest rates.
Fees from asset management were up 23.5% y/y, to €56m in Q2-26 (€112m in H1-26, +25.1% y/y), reflecting higher assets under management.
Total Financial Assets reached €613bn in H1-26, up €13bn from December 2025 driven by strong €2.7bn net inflows in Investment products, confirming the positive trend in Life Insurance. Postal Savings net outflows continued to improve. Deposits growth driven by higher PA balances and stable retail deposits.
Adjusted EBIT was at €265m in Q2-26, -1.1% y/y (€583m in H1-26, up 10.4% y/y) reflecting positive revenue trends.
