Inpost Sa (INPOF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, my name is Gabriela Burgach and I'm the Investor Relations Director at InPost. Welcome to InPost Third Quarter 2025 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 Rafał Brzoska, CEO, Michael Rouse, 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. Q3 was another very strong quarter for InPost Group. We delivered record-breaking volumes and revenue growth while maintaining solid margins. Let me start with the highlights first. In the third quarter, we handled 351 million parcels, an increase of 34%. And this is not just a big number. It's a reflection of consistent merchant adoption, customer loyalty, relentless focus on quality, as well as strategic acquisitions. At the top line, we generated 3.8 billion PLN in revenue, up almost 50% year on year. As you can see on the pie chart, already 54% of group revenue came from outside Poland. International diversification has become a core top-line growth engine for InPost. Our growth translated into profitability in terms of adjusted EBITDA reached 1.1 billion PLN, up 24% at a solid 28% margin. The three messages I want you to take away are simple. First, Poland continues to deliver strong volume growth supported by high customer loyalty and merchant satisfaction. Second, we are accelerating across eurozone with growth broadening as we build s...