Record h1-26 revenues up 6% y/y to €6.8bn, with healthy growth across all business units
Record h1-26 profitability with adjusted ebit at €1.8bn, up 7% y/y and net profit at €1.2bn , up 4% y/y
Strong investment inflows at €2.7bn , confirming improved postal savings commercial trends and stable retail deposits – tfa reaching €613bn
Solid group balance sheet and insurance solvency ii ratio at 303% - improving mp&d net financial position with €894m cash generated in h1-26
Fy-26 standalone guidance and dividend policy confirmed
Agreed termsheet on new 2027-2030 postal savings agreement with cdp, further enhancing visibility on future economics
New financial hub simplifying group structure, reinforcing client centricity and optimising capital
Strengthening network effectiveness through a hub & spoke model to improve commercial productivity, with a landmark agreement with unions signed on july 23
Scaling our ai-powered and client-centric platform company to unlock growth, cross-selling and efficiency across the group – to be enhanced by tim
Tim board deemed offer fair from a financial point of view and supported strategic rationale
Tim tender offer period from 20 july to 11 september 2026
Combined entity business plan in q1-27
Matteo Del Fante, Poste Italiane Chief Executive Officer commented: “I am proud to announce another record-breaking first half - our fifth consecutive one - with revenues up 6% to €6.8 billion, Adjusted EBIT up 7% to a record €1.8 billion and net profit at an all-time high of €1.2 billion - confirming the strength and resilience of our platform business model.
Strong investment inflows at €2.7 billion , improved postal savings commercial trends, coupled with stable retail deposits bringing Total Financial Assets to a remarkable €613 billion.
Revenue momentum remains healthy across all businesses. In Mail, Parcel and Distribution, growth was driven by parcel and logistics, with mail revenues benefitting from repricing actions.
Financial Services revenues continued to grow in the first half to €3.0 billion, supported by a strong investment portfolio and solid commercial activity.
Insurance Services delivered strong performance across both Life, Investment and Pension and Protection with revenues up 9% in the first half to €983 million.
Postepay Services kept up its solid growth across payments, ahead of integration into the new financial hub, as well as in telco and energy.
Today's results are not only a testament to the strength of our business; they also mark the beginning of the next chapter in the evolution of our platform company, with a clear roadmap on key strategic projects and the acceleration on the TIM offer.
We have agreed a termsheet with CDP on the new 2027–2030 Postal Savings Agreement, providing further visibility on future economics.
We are creating a single Financial Hub to simplify the group structure, reinforcing our client-centric approach and optimising capital allocation.
We are reshaping our physical network through a hub-and-spoke model, making it more flexible, more effective and even better equipped to serve millions of customers daily. This is an initiative shaped through years of planning and constructive engagement with union representatives, reflecting both the scale and complexity of the transformation and leading to the signing of a landmark agreement with the unions yesterday.
We are accelerating the evolution of our unique platform company, focused on client needs and powered by best-in-class AI infrastructure. TIM is the perfect fit to further enhance our platform.
On July 18, the TIM Board unanimously deemed the consideration offered fair from a financial point of view and positively assessed the rationale and business prospects of the transaction. The tender offer started on 20 July and will run to 11 September, with a potential re-opening of terms between 21 and 25 September. We expect to present the combined entity business plan in the first quarter of 2027.
We are pursuing this transformation from a position of strength. Our businesses continue to perform well, our execution remains disciplined and the market continues to recognize the value we are creating. This gives us the confidence to reaffirm our FY-26 standalone guidance as well as our dividend policy, reflecting both the resilience of our business model, the quality of our earnings and our commitment to delivering attractive and sustainable returns to shareholders over the long term.
Finally, I want to extend my sincere thanks to our employees for their dedication and professionalism. Their unwavering dedication continues to be central to the success and resilience of our Group.”
