InPost’s 1H 2025 Performance: A Strategic Inflection Point for European Logistics Growth

InPost’s first-half 2025 results underscore its emergence as a dominant force in European e-commerce logistics, driven by disciplined financial execution, resilient margins, and strategic expansion. For investors, the company’s performance highlights a rare combination of operational scalability and profitability in a sector poised for long-term growth.

Financial Discipline and Margin Resilience
InPost’s Q1 2025 revenue surged 22% year-over-year (YoY) to EUR 705.4 million, while adjusted EBITDA grew 24% to EUR 224.7 million, reflecting a robust 31.85% margin [2]. This margin expansion, despite rising parcel volumes and infrastructure investments, demonstrates the company’s ability to balance growth with cost control. By Q2, the trend accelerated: revenue reached EUR 2,623.0 million, and EBITDA hit EUR 837.9 million, with a net profit of EUR 336.4 million [1]. These figures suggest InPost is not merely scaling but doing so profitably, a critical differentiator in capital-intensive logistics.

Strategic Expansion: Infrastructure and Partnerships
InPost’s out-of-home (OOH) delivery network expanded by 20% YoY to 83,172 points, including 49,808 automated parcel machines (APMs)—up 32% YoY—and 33,364 PUDO (Pick-Up Drop-Off) points [2]. This infrastructure surge, supported by nearly 3,000 new parcel lockers in Q1 alone, has positioned InPost to capture a larger share of the last-mile delivery market. The acquisition of UK logistics provider Yodel further solidified its cross-border capabilities, while partnerships with e-commerce giants like Vinted, ASOS, and Amazon [3] ensure a steady flow of parcel volume.

Parcel Volume and Market Share Gains
Parcel volume grew 12% YoY to 272 million in Q1, with Q2 volume at 264.4 million, including 170.4 million in Poland [1]. This consistency, even as the company scales, signals strong demand for its services. The expansion of APMs and PUDOs reduces delivery costs and enhances customer convenience, creating a flywheel effect: higher adoption drives more volume, which in turn funds further infrastructure.

Investment Implications
InPost’s 1H 2025 results suggest a strategic inflection point. The company is leveraging its financial discipline to fund high-ROI expansion, with margins holding firm despite aggressive growth. For investors, this represents a compelling case: a logistics play with the operational rigor of a mature business and the growth potential of a disruptor. As e-commerce continues to reshape retail, InPost’s infrastructure-first approach positions it to dominate the last-mile segment—a critical bottleneck in the supply chain.

Source:
[1] Financial results - InPost EU, [https://inpost.eu/investors/financial-results]
[2] Profitability uplift and market share gains across key geographies Q1 2025, https://inpost.eu/news-profitability-uplift-and-market-share-gains-across-key-geographies-q1-2025
[3] InPost Group Q1 2025 results, [https://inpost.co.uk/resources/inpost-group-q1-2025-results]