Antti Jääskeläinen, President and CEO
In the fourth quarter 2025 we delivered a successful peak season with high service quality and resource efficiency. Our operations ran smoothly and efficiently, reflecting Posti’s strengths in planning, customer service and continuous improvement.
In the fourth quarter, the Group’s net sales decreased by 3.3%. Net sales were negatively impacted by the 19.8% decline in addressed letter volumes in Postal Services; however, parcel volumes increased by 11.1%. Adjusted EBITDA and adjusted EBIT both increased clearly from the previous year, driven by strong operational execution. In fact, our relative profitability — the adjusted EBITDA and adjusted EBIT margins — reached their highest level in over ten years in the fourth quarter. I am pleased to note the clear sequential improvement in the Group’s overall profitability throughout the year. Full year net result was negatively impacted by higher financial items and listing related costs.
Looking at the fourth quarter on the segment level. Sustained increase in consumer parcel volumes in eCommerce and Delivery Services continued, driven by recommerce. This was consistent with the previous quarters. The B2B parcel market was weaker. As a result of product mix developments, the net sales in eCommerce and Delivery Services increased slightly, whereas adjusted EBITDA decreased. Fulfillment and Logistics Services achieved growth in net sales, driven by increased customer demand in warehousing. This positive momentum and improved operational efficiency contributed to the increase of the segment’s adjusted EBITDA. In addition, Postal Services recorded a significant improvement in adjusted EBITDA, despite continuously lower addressed letter volumes and our earlier decision to discontinue unaddressed mail services. Strong execution in delivery model changes, resource optimization, and high sorting automation rate increased the segment’s profitability significantly. This underscores the team’s ability to adapt to changing market conditions and deliver good results.
The operating environment remained challenging during 2025, with heightened competition. Market transformation continues. Ongoing digitalization across both public and private sectors has led to a clear reduction in letter volumes, a structural shift that is expected to continue. Also, general economic conditions, particularly in Finland, were softer than anticipated. In response, we continued our customer centric commercial actions, network optimization and improved efficiency. We see further synergy potential in our network operations and will continue to pursue these initiatives going forward.
As consumer and market behaviors evolve it is crucial that the Postal Act in Finland adapts accordingly to support a sustainable universal service model. We continue to work with and inform the relevant stakeholders and regulators of market development. We operate in full compliance with current legislation.
The fourth quarter was historic for Posti Group as our shares began trading on Nasdaq Helsinki. The successful listing was an intensive project for many Posti employees. The whole Posti organization made it possible through several years of hard work when developing Posti to where we are today.
Thanks to our strong operational resilience and reflecting our dividend policy to provide a continuously increasing ordinary dividend, the Posti Group’s Board of Director’s proposes a dividend of EUR 0.84 per share for the 2025 financial year. The dividend will be distributed in two installments.
I am also proud to note that in our first CDP Climate Change Assessment as a publicly listed company, Posti received a B rating, placing us in the second highest category. This achievement reflects our progress and systematic approach to managing climate risks. I am also satisfied that the employee satisfaction scores in our recent employee survey continued an upward trend despite persistently changing market conditions.
Looking ahead, accelerated digitalization continues. This will further drive the decline in postal volumes and it has a clear impact already in the first quarter compared to the previous years. We remain committed to customer centricity and continuously develop our services as customer needs evolve. Our key priorities are growth and commercial excellence, stronger network synergies, and improved operational efficiency.
My sincere thanks to all employees for their exceptional work during 2025, and to our customers for their continued trust and partnership.