Today Poste Italiane presented the development plan for the five-year period from 2026 to 2030, together with the results of the first quarter. He outlined an expansion strategy based on the integration of the company’s services, which for years has crossed the boundaries of simple postal services, opening the doors to: finance, insurance, logistics, energy production and telecommunications.
The numbers reported by Matteo Del Fante confirm a positive trend: revenues stand at 3.5 billion euros, up 8% compared to the first quarter of 2025, while net profit reaches 817 million euros.
If overall the picture appears solid, the evolution of the main metrics shows less linear dynamics on the final result compared to the growth of revenues and operating profit.
Growth in the group’s main businesses
In detail, the sector Mail, parcels and distribution records revenues of 1 billion euros, with an increase of 5.7% compared to the first quarter of 2025, mainly due to the expansion of the volume of e-commerce in general.
The performance of financial services was better, reaching 1.6 billion euros in revenues, increased by 10.5% on an annual basis. The insurance sector also contributes to the growth, with 469 million euros (+6.1%).
PostePay is also expanding, continuing its development as an integrated platform for payments, digital services and energy, with revenues of 425 million euros (+6.8%).
The growing role of the energy business is also highlighted, considered one of the strategic pillars for future growth.
Telecommunications and TIM operation
Among the central points of Poste Italiane’s corporate strategy is the agreement with Tim. Del Fante calls the collaboration “a strategic integration in the telecommunications and digital services sector”. The operation should potentially be able to generate industrial and commercial benefits in the medium term.
Logistics: joint venture with Benetton Logistics
On the logistics front, the group had already announced a joint venture with Benetton Logistics in mid-April, included in the process of strengthening through collaboration with third parties. The agreement aims to expand the distribution network and increase operational capacity in the management of goods and warehouses.
Increase in management costs
In the first quarter of 2026, total costs stood at 2.8 billion euros, also growing by 4.9% on an annual basis. Particularly significant is the increase in costs not linked to staff salaries, which undergo a surge of 10.3%. The increase would be linked to commercial development, the expansion of the logistics network and investments in digital and financial services.
This dynamic is partly functional to the growth of the business, even in more analytical terms, but it also signals a phase of spending at a pace not too far from that of revenues, an element which in the medium term could be relevant for maintaining margins.
As regards personnel costs, however, a total of 1.5 billion euros was reached, an increase of 1.4% compared to the first quarter of last year. The difference appears to be mainly attributable to the growth of the variable component of wages, also linked to recent recruitment and hiring campaigns, and to the adjustments provided for by collective agreements.
Poste Italiane’s industrial model is solid
Another element emerges from the overall reading. While revenues grew by 8% and operating profit by 14%, net profit stopped at +3%. This data in itself is not necessarily a negative signal, but it could indicate a less linear transmission of growth along the final income statement, which can be influenced by fiscal, financial or extraordinary components.
However, growth remains higher than the increase in costs, thus returning a positive general picture, which seems to encourage Poste Italiane’s multi-sector expansion strategy.
