Poste Italiane’s Management-View Revenue Rises 5.4% in Nine Months

Poste Italiane’s management-view revenue rose 5.4% to €10.165 billion in the first nine months of 2026 as adjusted EBIT advanced 6.6%, and the company reaffirmed its annual targets and raised its interim dividend.

Poste released the unaudited results Nov. 12 at 1 a.m. ET (0600 UTC), after its board approved the interim report Nov. 11. Adjusted EBIT reached €2.682 billion, compared with €2.515 billion in the same period a year earlier. Adjusted net profit was €1.840 billion, up from €1.773 billion.

Management-view revenue compares with €9.640 billion in the first nine months of 2025. Poste restates the measure net of energy commodity-price and pass-through charges; it separately listed €10.603 billion in accounting revenue from third parties. Adjusted EBIT excludes specified insurance-guarantee charges and extraordinary items. Adjusted net profit also excludes net financial income from Poste’s Telecom Italia (TIM) investment and extraordinary items.

In the third quarter, revenue increased 4.5% to €3.324 billion. Adjusted EBIT rose 6.3% to €910 million, and adjusted net profit grew 4.2% to €629 million.

Poste reaffirmed its 2026 standalone targets of €3.4 billion in adjusted EBIT and €2.3 billion in adjusted net profit. The targets exclude TIM’s fourth-quarter contribution. Poste’s balance sheet consolidation of TIM took effect as of Sept. 30, while the carrier’s profit-and-loss statement is to be consolidated from Oct. 1.

At quarter-end, clients held €614 billion in total financial assets, €14 billion more than at the end of 2025. Year-to-date investment inflows reached €4.5 billion.

Poste also confirmed at least €700 million in annual run-rate synergies from TIM. The target includes at least €500 million in cost savings by 2028 and more than €200 million in EBIT from additional revenue starting in 2029. The update builds on the company’s earlier TIM deal synergy plan.

The interim dividend is €0.43 per share, 7.5% above the year-earlier amount. The total payout is €686 million, up 32%. The ex-dividend date is Nov. 23, the record date is Nov. 24, and payment is scheduled for Nov. 25. “A growing dividend remains central to our strategy,” Poste Italiane CEO Matteo Del Fante said.