Inpost Sa (INPOF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Gabriela Burdach and I'm the Investor Relations Director at InPost. Welcome to InPost First Quarter 2026 Earnings Call. A usual disclaimer, today's call includes forward-looking statements that are subject to risk and it is possible that the actual results may differ materially. One very important highlight with respect to the proposal to acquire OSH as in InPost, we will not answer any questions related to the tender offer. This call is strictly focused on financial results, trading performance, and the outlook update. This call is also being recorded, and the recording will be available on our IR website shortly after we wrap it up today. After this break, we will have a Q&A session. Today's presenters are Rafał Froska, CEO, Michael Rouse, CEO International, and Javier Van Emkeren, CFO of Impulse Group. I'm now pleased to hand over to our CEO, Rafał, over to you. Good morning, everyone. Thank you, Gabi, and thank you all for joining us. Q1 2016 was yet another strong quarter for InPost Group, with growth in both volumes and revenue driven primarily by our international expansion. In total, we handled almost 360 million parcels, up 32% year-on-year. This reflects continued merchant adoption, strong customer loyalty, our focus on quality, and the contribution from international acquisitions. At the top line, revenue reached 3.9 billion Polish zloty, an increase of 31%. As shown on the right, 53% of group revenue now comes from outside Poland, highlighting international diversification as a key structural driver for our business. Adjusted BDA came in at 902 million Polish zloty, down slightly by 4%, reflecting still some transformation cost in the UK. CAPEX totalled 360 million PS, up 6% year-on-year, as we continue to invest in network expans...