Inpost Sa (INPOF) Q2 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's second quarter 2026 earnings call. A usual disclaimer, today's call includes forward-looking statements that are subject to risks 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 the slides, we will have a Q&A session. Today's presenters are Rafal Brzoska, CEO, Michael Rouse, CEO International, and Javier van Engelen, CFO of Impost Group. I am now pleased to hand over to our CEO, Rafal, over to you. Good morning, everyone. Thank you, Gaby, and thank you all for joining us today. Q2 2026 was a quarter of continued growth for Impulse Group, though the picture was more mixed than in previous quarters, with strong momentum in the Eurozone tempered by the ongoing transformation of our UK business. In total, we handled over 318 million parcels, up 16% year-on-year. Revenue reached 4.2 billion PLN, up 18%, once again growing faster than volume. Adjusted EBITDA came in at just over 1 billion PLN, up around 4%, and capex was half a billion, up 7%. International markets now account for 54% of group revenue, underlining just how much of our growth is being driven outside of Poland. Let's take a look at how our network continued to scale over the past 12 months. At the end of Q2 we operated over 98,000 out-of-home points and today we can say we've already crossed 100,000 out-of-home points and 70,000 APMs. Over the last 12 months we added 15,600 new APMs which is the record high deployment we have ever had. On PUDOS you will see a decline of about 5,500 points across all three regions. That's a deliberate outcome of our netw...