Ctt - Correios De Portugal Sa · EURONEXT:CTT
Ctt - Correios De Portugal Sa — CTT – Correios de Portugal — 9M25 Earnings Presentation
17 slides from Ctt - Correios De Portugal Sa's earnings presentation, Oct 30, 2025
Slide 1: Commitment with Purpose – 9M25 appendix
30 October 2025 20 march 2025 Commitment with Purpose 9M25 appendix
Slide 2: Disclaimer
Disclaimer DISCLAIMER FORWARD-LOOKING STATEMENTS This document has been prepared by CTT – Correios de Portugal, S.A. (the “Company” or “CTT”) exclusively for This presentation contains forward-looking statements. All the statements herein which are not historical use during the presentation of the 9
Slide 3: Appendix
Appendix
Slide 4: Solid balance sheet
Solid balance sheet Balance sheet – 30 September 2025 € million; % change vs. 31 Dec. 2024 I Fixed tangible assets II Net employee benefits 5,915.4 5,915.4 Fixed 310.2 352.1 Equity (+) Rights of use (leases) 162.8 (+) Employee benefits (liabilities)* 189.1 tangible I (-3.2%) (+3.9%) assets (+) Other
Slide 5: Resilient growth in Express & Parcels
Resilient growth in Express & Parcels Express & Parcels - Revenues 9M25 EBITDA1 Recurring EBIT2 Consolidated view; € million; y.o.y.; y.o.y. proforma € million; y.o.y. € million; y.o.y. Cacesa3 Reported +17.3% +16.4% 55.2 36.5 47.0 31.4 Iberia 429.0 (+31.5%; +15.1%) +43.1% +51.6% 8.5 7.3 Mozambique
Slide 6: Volume decline improving but not fully compensated by price increases
Volume decline improving but not fully compensated by price increases Mail & Other - Revenues Payments Addressed Other € million; % change vs. prior year Busines solutions Unadressed 348 342 16 LfL3: -2.1% 14 37 y.o.y 41 Addressed mail Regulated mail Addressed mail weight weight y.o.y volume change
Slide 7: Mail & other revenues reflecting soft volumes and growth of business solutions
Mail & other revenues reflecting soft volumes and growth of business solutions Mail & Other - Revenues 9M25 EBITDA1 Recurring EBIT2 € million; % change vs. prior year € million; % change vs. prior year € million; % change vs. prior year Addressed mail 265.1(-2.6%) Unaddressed mail 3.0 (-19.6%) Busin
Slide 8: Financial Services continue to grow strongly in 3Q25
Financial Services continue to grow strongly in 3Q25 Financial Services - Revenues 9M25 EBITDA1 Recurring EBIT2 € million; % change vs. prior year € million; % change vs. prior year € million; % change vs. prior year +75.4% +76.7% 16.4 16.3 Savings & insurance 21.0 (+165.3%) Money transfers3 4.4 (-1
Slide 9: Driven by business volumes, revenues are growing despite lower interest rates
Driven by business volumes, revenues are growing despite lower interest rates Banco CTT - Revenues 9M25 EBITDA1 Recurring EBIT2 € million; % change vs. prior year € million; % change vs. prior year € million; % change vs. prior year +8.0% 104.0 96.3 2.7 Other 1.7 …by type: +2.6% Fees & 24.5 21.5 Car
Slide 10: Very liquid balance sheet enhances growth options
Very liquid balance sheet enhances growth options Banco CTT Consolidated Balance Sheet – 30 September 2025 € million; % change vs. 31 Dec 2024 I Loans by type II Non-performing exposures 106.6 Other 2.9 0.2% 85.9 4,836 4,836 Other 2.5 Cash & cash 732 (-8.1%) 97.0 Auto Mortgage Auto 76.2 equivalents
Slide 11: Strong momentum in mortgage loans and off-balance sheet resources in 9M25
Strong momentum in mortgage loans and off-balance sheet resources in 9M25 Customer resources1 • Market (private Loans volumes2,3 € million, EoP individuals) up by € million, EoP 2.2% on August 25 +3.9% +6.7% 4,044 4,202 1,000 938 Deposits Yield4 Yield4 1.2% Auto 6.6% Dec-24 Sep-25 Dec-24 Sep-25 +18.
Slide 12: Very strong capital levels to support further growth
Very strong capital levels to support further growth… Capital (CET1, TCR)1 MREL %, Fully implemented % RWA, €m 1,130 1,106 24.7 22.9 23.8 21.2 22.1 13.5% TCR 8.7% CET1 Dec-24 Sep-25 Requirements2 Dec-24 Sep-25 Requirements for June 20264 Leverage ratio3 5.4% 5.5% 3.0% as % of LRE 5.6% 5.7% 5.3% …and
Slide 13: Consolidated Income statement
Consolidated Income statement Income statement € million With Banco CTT under Reported equity method 9M24 9M25 9M24 9M25 Revenues 792.3 911.2 701.1 811.6 Operating costs 681.7 776.4 615.2 702.4 of which Impairments & provisions 13.1 11.8 2.6 -0.0 EBITDA 110.6 134.8 86.0 109.1 Depreciation & amortisa
Slide 14: Consolidated Balance sheet
Consolidated Balance sheet Balance sheet € million With Banco CTT under Reported equity method 31-Dec-24 30-Sep-25 31-Dec-24 30-Sep-25 Non-current assets 2,520.0 2,971.2 783.1 901.8 Current assets 3,188.9 2,944.2 514.1 508.2 Assets 5,708.8 5,915.4 1,297.2 1,410.0 Equity 308.3 310.2 281.0 281.6 Liabi
Slide 15: Consolidated Cash Flow statement
Consolidated Cash Flow statement With Banco CTT under 0. Reported equity method Cash flow € million 9M24 9M25 ∆ 25/24 9M24 9M25 ∆ 25/24 EBITDA 110.6 134.8 24.2 85.9 109.1 23.2 IFRS16 with impact on EBITDA -29.2 -32.8 -3.7 -27.8 -31.2 -3.4 Impairments & provisions 12.3 11.3 -1.1 1.8 -0.6 -2.5 Specifi
Slide 16: Specific items
Specific items Specific items € million Reported 9M24 9M25 54.6 74.0 Recurring EBIT 6.7 17.9 Specific items including employment contracts 2.6 13.6 Staff costs suspension agreements (+€12.0m) costs associated with strategic 3.1 5.8 ES&S projects (+€4.4m) -1.4 Mainly due to Regulatory 0.9 Other op. c
Slide 17: Commitment with Purpose
Commitment with Purpose 9M25 Appendix We make our path fully Investorcommitted Relations to deliver 2024 Phone: +351 210 471appendix 087 E-mail: investors@ctt.pt ctt.pt 30 October 2025
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