InPost S.A. (INPST) Earnings Call Transcripts

InPost S.A.'s Latest Earnings Call - Q1 FY2026

InPost S.A. reported a strong first quarter for 2026, with revenue reaching PLN 3.9 billion, up 31% year-over-year, driven by a 32% increase in parcel volumes to nearly 360 million. Adjusted EBITDA was PLN 902 million, reflecting a 4% year-over-year decline due to ongoing transformation costs in the U.K. Management maintained its full-year guidance, expecting mid- to high teens volume growth for the group, with international markets projected to grow in the high 20s. The company's strategic focus on international expansion and network density continues to yield positive results, particularly in the Eurozone and Poland.

Reported metrics

Guidance from management

Management maintained its full-year guidance, expecting group volume growth in the mid- to high teens percentage range, with international markets projected to grow in the high 20s year-on-year.

What management said

Henk, thank you. I think there's a number of factors driving. One, the turnaround program is really well aggressively restarted. We have seen significant improvement in our cost to serve. But obviously, there's some seasonal element in there from a volume point of view that is contributing to that. So I wouldn't say it's completed as in we still have a journey we're completing, and we're still working towards our pro...

Yes, I can comment, Henk.The majority of the restructuring costs have come in last year. So we'll reach back out to you for the detailed numbers, if you want to, but it's a limited amount of number that we have. And going forward also there, you see the number going down. So majority has been taken all in the 2025 actuals.

What analysts pressed on

Analysts expressed concerns regarding the sustainability of the U.K. turnaround, with questions about whether the March profitability was indicative of a lasting trend. Additionally, there were inquiries about the impact of rising logistics costs and the potential for margin pressure in the future.

Main topics on the call

• Strong Parcel Volume Growth — InPost handled nearly 360 million parcels in Q1 2026, marking a 32% year-over-year increase. CEO Rafal Brzoska noted, "This reflects continued merchant adoption, strong customer loyalty, our focus on quality and the cont...
• International Revenue Diversification — 53% of group revenue now comes from outside Poland, highlighting the success of international expansion efforts. Brzoska emphasized that "majority of our revenue came from outside Poland," showcasing the company's growin...
• U.K. Transformation Progress — The U.K. operation saw volumes triple year-over-year, reaching 77 million parcels, driven by the consolidation of Yodel. Michael Rouse stated, "March was a profitable month and an important trigger point as we work towar...
• Adjusted EBITDA Decline — Adjusted EBITDA for Q1 2026 was PLN 902 million, down 4% year-over-year, primarily due to transformation costs in the U.K. CFO Javier van Engelen noted, "The underlying picture is a strong delivery in Poland and Eurozone...

Read the full InPost S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 16 InPost S.A. earnings call transcripts on record, spanning September 1, 2022 to May 13, 2026. Based on this history, InPost S.A. reports quarterly. The most recent call on file is dated May 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

INPST

Exchange

ENXTAM

Country

NL

Sector

Industrials

Industry

Air Freight and Logistics

Calls on record

16

First call

September 1, 2022

Most recent

May 13, 2026

Reporting cadence

quarterly