Poste Italiane Spa (PITAF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Poste Italiana's third quarter and nine-month 2025 results conference call. Shortly, our CEO, Matteo De Fante, will take you through some opening remarks, and then the CFO, Camillo Greco, will cover the financials. As usual, the presentation will be followed by a Q&A session where you can ask questions either by phone or through our webcast platform. And for any topics we won't be able to cover today, please do contact the investor relations team. We'll provide any clarifications you might require. With that, over to you, Mattel. Good morning and thank you for joining us today for our Q3 in nine months, 2025 results call. As we celebrate 10 years since going public, we're proud to report another record-breaking quarter. reflecting sustained growth as we approach the end of 2025. The positive momentum established in the first half of the year has continued in the third quarter. We remain focused on executing our strategic plan and we're fully on track to achieve our updated 2025 guidance. In the first nine months, we delivered record results across group revenues, adjusted EBIT and net income. Each business unit contributed to a robust 4% earnings increase in top line, reaching €9.6 billion in total revenues. Adjusted EBIT grew by 10% to just over €2.5 billion for the period, and net profit reached €1.8 billion, representing an impressive 11% compared to the previous year. Since the start of the year, we have seen solid net inflows in investment products, confirming strong commercial performance in insurance products and improved net inflows in postal savings. I'm pleased to report that the migration of our clients to the super app has been successfully completed. To date, the app is used by 50 million clients with 4.1 million da...