Poste Italiane opens in 2026 as 2025 had closed: in full growth and with record numbersIn the first quarter, the group led by Matthew Del Fante he scored revenues for 3,5 billion euros, up 8% year on year, accompanied by a profitability accelerating sharply: adjusted EBIT rises to 905 million (+13,6%), the highest level ever recorded in a first quarter. TheUseful net growth to 617 million (+3,3%).
In the wake of these results, Poste has 2026 guidance revised upwards, raising the adjusted EBIT target to 3,4 billion euros (from 3,3 billion indicated in February), while the net profit estimate of 2,3 billion remains confirmed. The policy of dividends, with a payout ratio higher than 70%. On the strategic front, the timing of thepublic offering on Tim, expected to close in the third quarter of 2026, while the new multi-year standalone industrial plan will be presented on July 24th together with the second quarter results.
CEO Del Fante spoke of "the fourth consecutive first quarter at record levels," emphasizing the contribution of all business divisions and the group's ability to maintain growth and profitability despite the inflationary environment. He also reiterated during the conference call that business confidence is supported by "a very positive start to the year" and "solid inflows that are expected to remain so throughout the year." This strong momentum is also reflected in the market: title Poste reached an all-time high above 23 euros in February, bringing its market capitalization to approximately 30 billion euros.
Poste Italiane: Revenue and profitability at record highs in the first quarter of 2026
In the first quarter of 2026 i revenues Group revenues reached 3,5 billion euros (+8%) compared to the 3,2 billion achieved in the same period of the previous year, with growth across all business areas: Mail, Parcels and Distribution recorded third-party revenues of 1 billion (+5,7%), Financial services reached 1,6 billion (+10,5%), the Insurance services 469 million (+6,1%) and Postepay 425 million (+6,8%).
I total costs They increased by 4,9% to €2,8 billion, but at a slower pace than revenues, allowing for improved profitability. Ordinary personnel costs stood at €1,5 billion (+1,4%), while non-HR costs rose by 10,3% to €1,2 billion.
The Adjusted EBIT It thus reaches 905 million (+13,6%), while net profit reaches 617 million (+3,3%), compared to 597 million in the same period of 2025, slightly exceeding analysts' estimates.
Collection, assets and growth of digital payments
In March 2026 the net financial position was positive by 4,98 billion euros, compared to 5,64 billion at the beginning of the year. In parallel, the financial activities Customer invested assets rose to €606 billion, up €5,3 billion from December 2025, supported by positive net inflows into investment products totaling €1,7 billion. The contribution came primarily from multi-class products, asset management, and the resilience of postal savings.
On the capital front, the group confirms capital levels that are well above regulatory requirements: the Total Capital Ratio of BancoPosta stands at 24,4%, with Cet1 ratio at 20,9%, leverage ratio at 3,3% e Solvency II ratio of the Poste Vita insurance group at 294%.
To complete the picture, the growth of digital payments, with transactions increasing by 10% and overall ecosystem transactions Postepay up 14%, a performance that confirms itself above the market trend.
Poste Italiane, Del Fante defends the takeover bid for TIM: "A 40% premium."
On the file Telecom ItalyMatteo Del Fante reiterated that the market reaction to the offer was "overall positive", while acknowledging that "some have questioned the price", while the group believes that the operation already includes "a significant premium". The CEO insisted that Poste is "offering a 40% real premium”, calling it the cornerstone of his position regarding criticisms of the deal's value, and noted that work on the dossier has been ongoing for over a year. Del Fante added that in the coming months, the group will continue to explain to the market why "the integration with Poste is the better option than the stand-alone scenario."
On the industrial level, he then underlined the centrality of the SuperApp, explaining that with "17 million users and over 4 million daily active users," the integration of TIM customers "accelerates engagement, unlocks cross-selling, and strengthens the flywheel effect," thanks to a proprietary infrastructure considered "critical" for the platform's development. The CFO also Camillo Greco confirmed the financial trajectory of the operation, indicating a effect “augmentative on theearnings per share from 2027, double digits from 2028” and a progressive increase in the dividend, within a framework of solid accounts and increasing visibility on cash generation.
Last updated Thursday, May 7, 2026, at 14:01 PM
