Poste Italiane S.p.A. (PITAF)

Poste Italiane Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	5,828	5,766	5,332	4,798	4,576	3,938
Other Revenue	7,948	7,717	7,287	6,776	27,134	26,081
Revenue	13,776	13,483	12,619	11,574	31,710	30,019
Revenue Growth (YoY)	5.96%	6.85%	9.03%	-63.50%	5.63%	-8.37%
Cost of Revenue	8,632	8,532	8,075	7,411	7,953	7,492
Gross Profit	4,587	4,394	4,053	3,975	3,267	3,034
Selling, General & Admin	194	194	163	137	124	98
Other Operating Expenses	244	253	280	160	191	109
Operating Expenses	1,323	1,299	1,251	1,167	1,151	973
Operating Income	3,264	3,095	2,802	2,808	2,116	2,061
Interest Expense	-52	-52	-39	-33	-31	-38
Interest & Investment Income	202	179	160	155	126	124
Earnings From Equity Investments	22	22	20	-6	26	5
Currency Exchange Gain (Loss)	1	1	-	2	-4	2
Other Non Operating Income (Expenses)	-377	-379	-51	-57	-16	-39
EBT Excluding Unusual Items	3,060	2,866	2,892	2,869	2,217	2,115
Merger & Restructuring Charges	-135	-135	-171	-76	-235	-436
Gain (Loss) on Sale of Investments	8	8	4	-13	10	-14
Gain (Loss) on Sale of Assets	-4	-4	-3	-2	-3	-1
Asset Writedown	-3	-3	-3	4	13	18
Legal Settlements	2	2	12	-27	-56	6
Other Unusual Items	-63	-63	-4	-322	222	-112
Pretax Income	2,865	2,671	2,727	2,433	2,168	1,576
Income Tax Expense	708	658	794	850	588	370
Earnings From Continuing Operations	2,157	2,013	1,933	1,583	1,580	1,206
Minority Interest in Earnings	-19	-19	-11	-5	-2	1
Net Income	2,138	1,994	1,922	1,578	1,578	1,207
Net Income to Common	2,138	1,994	1,922	1,578	1,578	1,207
Net Income Growth	18.65%	3.75%	21.80%	-	30.74%	-10.06%
Shares Outstanding (Basic)	1,295	1,295	1,296	1,300	1,300	1,302
Shares Outstanding (Diluted)	1,295	1,295	1,296	1,300	1,300	1,302
Shares Change (YoY)	-0.02%	-0.09%	-0.29%	-	-0.17%	0.13%
EPS (Basic)	1.65	1.54	1.48	1.21	1.21	0.93
EPS (Diluted)	1.65	1.54	1.48	1.21	1.21	0.93
EPS Growth	18.67%	3.84%	22.16%	-	30.96%	-10.17%
Free Cash Flow	-	2,403	1,041	-161	3,842	1,617
Free Cash Flow Per Share	-	1.86	0.80	-0.12	2.96	1.24
Dividend Per Share	0.750	1.080	0.800	0.650	0.590	0.486
Dividend Growth	-16.01%	35.00%	23.08%	10.17%	21.40%	4.97%
Gross Margin	33.30%	32.59%	32.12%	34.34%	10.30%	10.11%
Operating Margin	23.69%	22.96%	22.20%	24.26%	6.67%	6.87%
Profit Margin	15.52%	14.79%	15.23%	13.63%	4.98%	4.02%
Free Cash Flow Margin	-	17.82%	8.25%	-1.39%	12.12%	5.39%
EBITDA	4,026	3,738	3,409	3,393	2,682	2,548
EBITDA Margin	29.23%	27.72%	27.02%	29.32%	8.46%	8.49%
D&A For EBITDA	762	643	607	585	566	487
EBIT	3,264	3,095	2,802	2,808	2,116	2,061
EBIT Margin	23.69%	22.96%	22.20%	24.26%	6.67%	6.87%
Effective Tax Rate	24.71%	24.64%	29.12%	34.94%	27.12%	23.48%
Revenue as Reported	294	-	-	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.