In Q3-26 gross revenues (including intersegment distribution revenues) were up 2.9% y/y to €1.7bn (€5.2bn in 9M-26, +3.4% y/y).
External revenues were €1.4bn in Q3-26, up 2.2% y/y (€4.4bn in 9M-26, +3.7% y/y).
Net Interest Income increased to €690m in Q3-26, +3.1% y/y (€2.0bn in 9M-26, +0.9% y/y), benefitting from an improved rate environment.
Postal Savings’ distribution fees were broadly stable at €444m in Q3-26, up 0.3% y/y (€1.3bn in 9M-26, -0.6% y/y) supported by improving net inflows and in line with FY-26 guidance.
Transaction Banking fees were at €169m, -1.5% y/y in Q3-26 (€511m in 9M-26, -2.2% y/y), impacted by lower traditional payment slip volumes.
Consumer Loans’ distribution fees were at €58m in Q3-26, down 8.1% y/y (€188m in 9M-26, -7.3% y/y), impacted by higher interest rates.
Fees from asset management increased to €63m in Q3-26, +35.2% y/y (€175m in 9M-26, +28.6% y/y), reflecting higher Assets under Management (AuM).
Group client Total Financial Assets reached €614bn as of 30 September 2026, up €14bn from December 2025. Net inflows from investment products came in at €4.5bn year to date. Postal Savings net outflows continued to improve. Deposits growth was driven by higher Public Administration (PA) balances and stable retail deposits.
Adjusted EBIT was €269m, up 2.6% y/y in Q3-26 (€852m in 9M-26, +7.8% y/y) reflecting strong top line trends.
