CTT - Correios De Portugal, S.A. Earnings Recaps
Q3 2025
Oct 31, 2025
CTT's Q3 2025 results show strong overall growth, with revenues up 6% and recurring EBIT doubling to 12%, driven by continued strong performance across all business lines, particularly in e-commerce and financial services.
Key takeaways
- Revenue growth of 6%, boosted to 17.2% when including Cacesa's contributions to e-commerce solutions.
- Recurring EBIT increased by 12%, reaching a pro forma growth of 38.1% due to Cacesa's integration.
- E-commerce parcel volumes witnessed a slight sequential improvement, with expectations of 15% year-on-year growth in Q4 2025.
- Mail and Other Services showed signs of recovery, with address mail volume declines moderating to 4.3% compared to 8.5% earlier this year.
- Strong performance in financial services with public debt placements up 167%, leading to 57% revenue growth in the segment.