Deutsche Post AG

Latest Results (26.01.2026):

Deutsche Post AG — Q3 2025: The Group reported resilient profitability despite lower revenue in the third quarter of 2025. Group revenue fell to €20,128m (-2.3% year‑on‑year) while EBIT rose to €1,477m (+7.6%). Consolidated net profit for Q3 was €888m (€840m attributable to Deutsche Post AG shareholders) and basic EPS was €0.75. Free cash flow and operating cash generation strengthened, though net debt increased to €21,279m as of September 30, 2025.

Revenue and EBIT

Q3 2025 revenue: €20,128m (-2.3% YoY). Q3 2025 EBIT: €1,477m (+7.6% YoY). Return on sales improved to 7.3% in Q3 from 6.7% in prior year.

Profit & EPS

Consolidated net profit Q3 2025: €888m (Deutsche Post AG shareholders: €840m). Basic earnings per share: €0.75 (Q3 2024: €0.64).

Cash flow and liquidity

Net cash from operating activities in Q3: €2,612m (up vs prior year). Free cash flow Q3: €1,203m (up from €722m). Centrally available liquidity: €1.4bn, plus an unused €4bn syndicated credit facility.

Balance sheet / Net debt

Net debt increased to €21,279m (Dec 31, 2024: €18,998m). Cash and cash equivalents at Sept 30, 2025: €3,550m.

Capital expenditure

Investments (PP&E & intangible assets) in Q3: €632m (mainly network infrastructure). Total 9M capex continued to support network maintenance and expansion.

Share buyback and Evri transaction

Q3 share buyback: 10.8m shares for €419m (2022–2026 program total repurchased to date: 113.5m shares for €4,409m). Completed merger of DHL eCommerce UK into Evri: deconsolidation generated a pre‑tax gain of €183m; a €343m cash payment is due in Q4 2025 and Deutsche Post holds a 30% stake now accounted for using the equity method.

Express division

Q3 revenue: €5,867m (-3.2%). Daily TDI shipment volumes fell 10.6%, but EBIT rose slightly to €692m (+0.8%) as cost discipline, productivity and network flexibility offset volume weakness. EBIT margin Q3: 11.8%.

Global Forwarding & Freight

Q3 revenue: €4,572m (-9.2%, currency-adjusted -7.2%). Division EBIT declined to €195m (-29.6%) as lower freight rates and restructuring effects weighed on results. Air volumes roughly stable; ocean revenue hit by falling rates.

Supply Chain

Q3 revenue: €4,412m (-0.4%; +3.2% excl. currency). EBIT increased to €278m (+1.6%), supported by productivity gains, automation and new contracts (€1.4bn won YTD).

eCommerce

Q3 revenue: €1,693m (+2.9%). EBIT rose to €176m, largely reflecting a positive net non‑recurring effect tied to the Evri deconsolidation (net +€123m). Excluding non‑recurring items, Q3 EBIT margin was ~3.1%, similar to the prior year.

Post & Parcel Germany

Q3 revenue: €4,242m (+4.7%), driven by parcel volumes and price increases. EBIT improved to €218m (+27.3%), benefiting from parcel growth and strict cost management despite higher inflationary and labor costs.

Outlook

Guidance for fiscal year 2025 remains unchanged. Management flags medium‑significant risks from customs/trade policy changes (including US de‑minimis and tariffs) but sees opportunities from network adjustments, cost measures and portfolio changes (e.g., Evri).