Inpost Sa (INPOF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Gabriela Burdak, and I'm the Investor Relations Director at INFO. Welcome to INFO's second quarter 2025 earnings call. As usual this time, today's call includes forward-looking statements that are subject to risk, and it is possible that the actual results may differ materially. 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 time, we will have a Q&A session. Today's presenters are Rafał Przocka, CEO, Michael Routh, CEO International, and Javier Van Engelen, CFO of InPost Group. I am 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 today. Q2 marked a strong step forward for InPost. We are not just maintaining momentum, we are accelerating across Europe, and that's a fact. Our group volume in Q2 increased by 23% year-on-year with a quarterly volume of 324 million parcels. Group revenue was up 35%, reaching 3.5 billion zloty. Importantly, for the first time, more than half of our revenue, 52%, is coming from our international business. with the UK accounting for 27% of group revenue. This showcases the successful diversification strategy that we have mentioned in previous quarters. Group adjusted EBITDA reached 1 billion Polish zloty, translating into a margin of 28.3%. If we exclude the expected impact of Yodel, our group margin hit a record high of 35%. I would highlight three key drivers that allow us to hit this new milestones. First, merchant diversification in Poland is allowing us to continue outpacing market growth by boosting profitability. Second, B2C and APM volume continues to accelerate across the Eurozone. And third, a number of recent strategic initiatives are help...