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31-07-2026
Summary
La Poste Groupe’s results for the first-half of 2026 reflect good performance for parcel and bancassurance businesses. Disciplined operational execution drives 20% growth in recurring attributable net profit¹
Marie-Ange Debon, Chairwoman and Chief Executive Officer of La Poste Groupe
“In a challenging environment marked by persistent economic uncertainty and geopolitical tensions, the good results we achieved in the first half of 2026 reflect our new growth momentum and our disciplined operational execution. They also prove the robustness of our multi-business model.
This positive trajectory reflects the strength of our two main growth drivers. Firstly, Parcels, whose volumes increased during the period, buoyed by the expansion of e-commerce in Europe and the strong positions we've established in the out-of-home sector. And as La Banque Postale celebrated its 20th anniversary, our Bancassurance business delivered a strong performance, reflecting the robustness of its diversified model and the successful implementation of its transformation plan.
The Group’s performance is driven by the strong complementarity of its business lines. The postal network played an important role in the sales growth of Bancassurance activities in first-half 2026, while the Mail business continued to rigorously adapt in order to offset the impact of steadily declining volumes by generating efficiency gains and tightly controlling costs.
At the same time, the reduction in the compensation received by La Poste for its public service missions further highlights the need to establish a sustainable economic model for these services that are so essential for society.
In parallel, we are pursuing our aim of combining financial performance with sustainability impact. The increase in parcel volumes during the period was achieved in tandem with a further reduction in emissions intensity per parcel, and we continued to help regions cope with the consequences of climate change by providing them with financing.
Lastly, I firmly believe that the success of our transformation depends above all on the people that make up our Group and I would like to thank them. I chose the name “Succeed together – Ambitions 2031” for our new strategic plan because it is the strength of our employees’ commitment and adaptability that will help us meet the challenges ahead and continue serving our customers.
And as we publish these half-year results, I would like to express my support for our employees who continue to be affected by this summer’s devastating wildfires, and more broadly to all those across the country who have been severely impacted."
Financial performance
The Group’s recurring profit was up by more than 20%¹, underpinned by its multi-business model
The Group continued to work on its financial structure:
Non-financial performance
La Poste Groupe’s stated aim is to be sustainably profitable, responsible and impact-driven, “serving all, useful to everyone”⁴. The Group’s non-financial impact and performance are at the core of its “Succeed together – Ambitions 2031” strategic plan, with two priorities: to turn its social and environmental commitment into a sustainable competitive advantage, and to successfully transform its business with and for its employees.
A responsible and sustainable approach
Acting for the planet: in the first half of 2026 the Group pursued its efforts to decarbonise its operations by continuing to electrify its delivery fleet and use low-carbon energy for medium -and long-haul transport.
The Group's GHG emissions edged up by 1%⁵ vs first-half 2025, but because parcel volumes rose significantly during the period (up 7.4% vs first-half 2025), this slight increase demonstrates the effects of an ongoing reduction in emissions intensity across all transport and logistics activities.
The change in GHG emissions in the first half of 2026 is in line with the Group’s SBTi-certified carbon-reduction pathway.
CNP Assurances continued its responsible investment drive, with €1.4 billion of new investments made in support of environmental transition during first-half 2026.
Acting for society: the Group is helping to drive transition and is boosting regional development and social cohesion.
Socially responsible lending⁶ accounted for 29.1% of La Banque Postale's total MLT loan originations.
Succeeding together with the Group's employees
The Group delivered a robust social performance thanks to the commitment of all of its employees and continuous constructive social dialogue.
A caring employer: La Poste has signed its first collective agreement promoting employment, work and the improvement of working conditions for experienced postal workers, which covers 2026-2029 and recognises how professional experience helps drive collective performance.
A skills-enhancing employer: the Group has a strong commitment to skills development and career advancement. The proportion of employees who were offered training (“training access rate”) rose to 84.0% in first-half 2026 (from 82.6% at end-June 2025). Nearly 4,700 employees⁷ have taken part in certified reskilling programmes since 2021, including more than 500 in first-half 2026.
Outlook
Against an international backdrop marked by geopolitical instability with long-lasting repercussions for the global economy, energy price pressures and uncertainty regarding interest rates and market conditions are all weighing on business levels. This macroeconomic environment is expected to continue in the second half of the year, with an upward trend in short-term interest rates and the upward revision of regulated savings rates. In 2026, growth is forecast to remain weak in the eurozone (0.8%⁸), and the Banque de France’s baseline scenario for the French economy assumes weak but positive growth (0.5%⁹).
In view of this operating environment, La Poste Groupe is moving faster to adapt its international multi-business model by rolling out its new strategic plan “Succeed together – Ambitions 2031”, with a view to increasing its growth, competitiveness and usefulness to society.
By leveraging its strengths, its trusted brand and its socially responsible business model, the Group intends to combine growth, financial performance and social and environmental impact, placing the customer experience at the core of its strategy thanks to the commitment and engagement of all its employees.
The Group's priorities, effective as of 2026, are to:
Source: La Poste Groupe