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Profit for the period increased 182.5% to €64m. Operating cash flow advanced 19.3% to €253m, while capital expenditure declined to €113m. Free cash flow therefore increased 53.7% to €141m. Total equity rose to €573m, but current liabilities increased sharply, causing the current ratio to fall below 1.0. Mail volumes declined 10.8%, whereas total parcels and express volumes increased 3.7%.
The revenue decline was driven mainly by Mail, which decreased from €952m to €830m, and Parcels & express, which fell from €2,260m to €2,194m. Information services grew from €180m to €228m, while Other revenue increased from €46m to €127m. EBITDA was broadly stable at €320m compared with €327m in 2024, with the EBITDA margin unchanged at 9.5%.
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