Revenue

• Revenue comparison impacted by positive election and currency effects in 2024
• Group revenue of EUR 2,212.4m in Q1–3 2025 down by 1.1 % from 2024 but 12.3 % above 2023
• Mail at EUR 847.0m (–7.0 % vs. 2024 / –2.3 % vs. 2023)
• Parcel & Logistics at EUR 1,235.1m (+3.9 % vs. 2024 like-for-like/ +22.4 % vs. 2023)
• Retail & Bank at EUR 139.5m (–4.5 % vs. 2024 / +17.6 % vs. 2023)

Earnings

• EBITDA of EUR 295.1m (–3. 2 % vs. 2024 / +4.5 % vs. 2023)
• EBIT of EUR 135.1m (–6.6 % vs. 2024 / +3.4 % vs. 2023)
• Earnings per share from EUR 1.48 to EUR 1.41

Cash flow and balance sheet

• Operating free cash flow of EUR 239.6m (+4.5 %)
• Equity of EUR 724.5m as at 30 September 2025 up from EUR 710.7m as at 30 September 2024

Outlook 2025/2026

• Stable revenue development forecast with a modest decline in 2025 and a slight increase in 2026
• Earnings (EBIT) in 2025 are expected to be slightly below the strong prior year and in 2026 in the order of magnitude of previous years 

Following strong revenue growth in 2024, which was boosted by some positive one-off effects, the first nine months of 2025 were impacted by challenging macroeconomic conditions in the mail and parcel business. The year-on-year comparison is particularly affected by major elections in Austria and by the favourable currency effects on the Turkish Lira in 2024. Against the backdrop of economic uncertainties, the fundamental trends in the international mail and parcel business remain unchanged. Cost pressure and digitalisation among private and public sector customer groups lead to declining letter mail and direct mail volumes. At the same time, the growing parcel markets are impacted by intense competition. “Following the positive effects in the previous year, Austrian Post performed solidly in this challenging market environment during the first three quarters of 2025,” states Walter Oblin, CEO of Austrian Post. “I am particularly pleased with bank99, which generated a positive result and was able to place its first bond in the third quarter,” he adds.
 
Total Group revenue in the first three quarters of 2025 equalled EUR 2,212.4m, implying a year-on-year decline of 1.1 % and 12.3 % increase from 2023. The Mail division revenue declined by 7.0 % compared to the first three quarters of 2024 and by 2.3 % compared to 2023. This decline was driven by the structural decrease in addressed mail volume due to electronic substitution, as well as by the absence of the positive one-off effects of the previous year. Furthermore, a cautious investment climate, efficiency measures, and lower advertising expenditures by companies are noticeable. The revenue of Parcel & Logistics division increased by 3.9 % year-on-year on a comparable basis – i.e. before a change in the reporting due to the reclassification in the Logistics Solutions area – and by 22.4 % compared to 2023. Revenue developed positively in the current reporting period in Austria (+5.2 %) and Türkiye (+5.3 %). There was a decline in Southeast- and Eastern Europe revenue after the strong increase due to Asian volumes in the comparative period of the previous year. Business in Türkiye continues to be significantly influenced by inflation and the exchange rate of the Turkish Lira. The Retail & Bank division reported a 4.5 % revenue decline year-on-year (+17.6 % compared to 2023). A slight increase in Branch Services revenue could not fully offset the decline in Financial Services relating to the lower key interest rate.
 
The development of earnings also reflects the previous year’s performance driven by positive special effects: EBITDA was down by 3.2 % to EUR 295.1m and earnings before interest and taxes (EBIT) fell by 6.6 % to EUR 135.1m. However, both indicators are 4.5 % and 3.4 % higher respectively than the comparable figures for 2023. The earnings decline in the mail business and lower profitability in Southeast and Eastern Europe as well as Türkiye were in contrast to the earnings improvement in the Retail & Bank division. Founded in 2020, bank99 made a positive contribution to the overall business results with its approx. 300,000 customers in Austria. This resulted in the profit for the period of EUR 97.3m (–8.3 %) for the first three quarters of 2025 and earnings per share of EUR 1.41, compared to EUR 1.48 in the same period of the previous year (–5.2 %).
 
It is assumed that the structural change in the mail and parcel business will continue. On the back of the strong revenue increase of 13.9 % in 2024, which was driven by positive special effects such as numerous elections in Austria and currency effects relating to the Turkish Lira, a stable development is predicted, with modest revenue decline in 2025 and a slight increase in 2026. Against the backdrop of challenging conditions, both revenue- and cost-related initiatives have been launched to safeguard the earnings level. Based on current trends and assuming a steady development of the Turkish Lira, earnings (EBIT) for the financial year 2025 are expected to be slightly below the extraordinary strong prior year, mirroring the performance in the first nine months. Equally for 2026, against the backdrop of a difficult macroeconomic environment and slightly improved economic forecasts, Austrian Post targets a broadly stable earnings development in the order of magnitude of previous years.  
 
Based on the average investment needs of recent years, the required investments (CAPEX) for 2025 will be about EUR 150m. This includes maintenance CAPEX and investments to decarbonise logistics as well as growth CAPEX. With the completion of the capacity expansion in Austria and the increased focus on the markets in Southeast and Eastern Europe as well as Türkiye, the company is strategically setting trends for the future. Another strategic priority is the gradual electrification of the delivery fleet in Austria. Austrian Post aims to completely convert its last-mile logistics to CO₂-free by 2030 at the latest. “With these steps, we will not only ensure our excellent quality with increasing volumes but will also continue to be a pioneer in green logistics,” Walter Oblin concluded.


CONTACTS:
Austrian Post
Press-Team
Tel.: +43 (0) 57767-32010
presse@post.at
 
Austrian Post
Harald Hagenauer
Head of Investor Relations
Tel.: +43 (0) 57767-30400
investor@post.at