InPost S.A. Earnings Call Highlights Record Growth

InPost S.A. ((NL:INPST)) has held its Q3 earnings call. Read on for the main highlights of the call.

InPost S.A. recently held its earnings call, which was marked by a predominantly positive sentiment. The company highlighted significant revenue growth, international expansion, and strong profitability. However, there were notable operational challenges in the U.K. due to the Yodel integration, which affected short-term margins.

Record-Breaking Revenue and Growth

InPost Group reported record-breaking volumes and revenue growth, handling 351 million parcels, marking a 34% increase. The company’s revenue reached PLN 3.8 billion, up almost 50% year-on-year, showcasing its strong market performance.

International Expansion Success

The company achieved substantial international expansion, with 54% of group revenue coming from outside Poland. The Eurozone segment saw a 24% volume increase, while the U.K. volumes more than tripled, thanks to the Yodel integration.

Strong Profitability

InPost’s adjusted EBITDA reached PLN 1.1 billion, reflecting a 24% increase with a solid 28% margin. Notably, Poland’s adjusted EBITDA margin improved to 49.2% compared to 46.8% last year, indicating strong profitability.

Network Expansion

The company expanded its network significantly, operating almost 90,000 out-of-home points. The ATM network alone grew by nearly 13,000 new machines over the past year, enhancing its service reach.

Mobile App Growth

InPost’s mobile app rollout continued successfully, with an increasing number of active users in the U.K. and France. This growth contributed to higher order rates, as app users placed 40% more orders than non-users.

Technical and Operational Setback in the U.K.

The integration of Yodel in the U.K. faced a technical issue, causing a customer backlog. This led to a pause in further integration work until Q1 ’26, highlighting operational challenges in the region.

Higher Interest Expenses

Interest expenses increased due to higher utilization of credit facilities and higher interest from IFRS 16, impacting the company’s financials.

Temporary Lower Margin in the U.K.

The adjusted EBITDA margins in the U.K. are expected to be lower due to the Yodel integration and quality investments for the peak season, affecting short-term profitability.

Forward-Looking Guidance

InPost provided robust forward-looking guidance, maintaining its outlook for full-year revenue growth between 35% and 40% and volume growth between 25% and 30%. The company emphasized its focus on quality and medium-term strategic priorities, with significant growth expected in international markets and through strategic acquisitions like Yodel.

In summary, InPost S.A.’s earnings call reflected a positive outlook with record-breaking growth and strong profitability, despite some operational challenges in the U.K. The company’s strategic international expansion and network growth, coupled with robust forward-looking guidance, position it well for continued success.