Selected financial information

Income statement

JANUARY 1 TO MARCH 31
€m 20241 2025
Revenue 20,251 20,809
Other operating income 625 592
Changes in inventories and work performed and capitalized 37 –22
Material expense –10,186 –10,278
Staff costs –7,010 –7,162
Depreciation, amortization and impairment losses –1,154 –1,220
Other operating expenses –1,246 –1,347
Net loss from investments accounted for using the equity method –7 –2
Profit from operating activities (EBIT) 1,311 1,370
Financial income 99 96
Finance costs –282 –305
Foreign-currency result 15 25
Net finance costs –168 –184
Profit before income taxes 1,142 1,186
Income taxes –343 –356
Consolidated net profit for the period 799 830
Attributable to Deutsche Post AG shareholders 740 786
Attributable to noncontrolling interests 59 43
Basic earnings per share (€) 0.63 0.68
Diluted earnings per share (€) 0.62 0.67
1 Prior-year figures adjusted due to the final purchase price allocations for MNG Kargo and DHL Logistics LLC – SO, 2024 Annual Report, note 4 to the consolidated financial statements.

Balance sheet

€m Dec. 31, 2024 March 31, 2025
ASSETS    
Intangible assets 14,873 14,718
Property, plant and equipment 31,454 30,902
Investment property 9 9
Investments accounted for using the equity method 97 113
Noncurrent financial assets 1,511 1,380
Other noncurrent assets 438 520
Noncurrent income tax assets 46 55
Deferred tax assets 1,301 1,209
Noncurrent assets 49,728 48,906
Inventories 1,146 1,044
Current financial assets 1,013 960
Trade receivables 11,198 10,979
Other current assets 2,532 2,801
Current income tax assets 616 615
Cash and cash equivalents 3,619 6,292
Assets held for sale 23 33
Current assets 20,147 22,724
TOTAL ASSETS 69,875 71,630
EQUITY AND LIABILITIES    
Issued capital 1,153 1,149
Capital reserves 3,635 3,699
Other reserves –464 –1,052
Retained earnings 19,468 19,955
Equity attributable to Deutsche Post AG shareholders 23,793 23,751
Noncontrolling interests 417 441
Equity 24,210 24,192
Provisions for pensions and similar obligations 2,263 1,934
Deferred tax liabilities 411 460
Other noncurrent provisions 2,438 2,393
Noncurrent financial liabilities 18,768 20,736
Other noncurrent liabilities 275 256
Noncurrent income tax liabilities 339 341
Noncurrent provisions and liabilities 24,494 26,120
Current provisions 1,053 1,014
Current financial liabilities 5,441 5,818
Trade payables 8,635 7,724
Other current liabilities 5,678 6,225
Current income tax liabilities 349 475
Liabilities associated with assets held for sale 14 63
Current provisions and liabilities 21,171 21,319
TOTAL EQUITY AND LIABILITIES 69,875 71,630

Cash flow statement

JANUARY 1 TO MARCH 31
€m 20241 2025
Consolidated net profit for the period 799 830
+ Income taxes 343 356
+ Net finance costs 168 184
= Profit from operating activities (EBIT) 1,311 1,370
+ Depreciation, amortization and impairment losses 1,154 1,220
+ Net loss/net income from disposal of noncurrent assets –2 –1
+ Other noncash income and expense –30 11
+ Change in provisions –44 –95
+ Change in other noncurrent assets and liabilities –23 –16
+ Income taxes paid –316 –211
= Net cash from operating activities before changes in working capital 2,051 2,276
+ Change in inventories 4 70
+ Change in receivables and other current assets –511 –316
+ Change in liabilities and other items 458 148
= Net cash from operating activities 2,001 2,178
Subsidiaries and other business units 0 0
+ Property, plant and equipment and intangible assets 46 31
+ Other noncurrent financial assets 54 55
= Proceeds from disposal of noncurrent assets 100 86
Subsidiaries and other business units 0 –30
+ Property, plant and equipment and intangible assets –717 –649
+ Investments accounted for using the equity method and other investments –16 –10
+ Other noncurrent financial assets –4 –10
= Cash paid to acquire noncurrent assets –737 –699
+ Interest received 56 57
+ Change in current financial assets –15 –50
= Net cash used in investing activities –597 –606
Proceeds from issuance of noncurrent financial liabilities 990 2,227
+ Repayments of noncurrent financial liabilities –629 –712
+ Change in current financial liabilities –93 –3
+ Other financing activities 2 81
+ Dividend paid to noncontrolling interest holders –6 –7
+ Purchase of treasury shares –497 –176
+ Interest paid –195 –235
= Net cash used in/from financing activities –427 1,175
Net change in cash and cash equivalents 977 2,747
+ Effect of changes in exchange rates on cash and cash equivalents –11 –75
+ Cash and cash equivalents at beginning of reporting period 3,649 3,619
= Cash and cash equivalents at end of reporting period 4,615 6,292
1 Prior-year figures adjusted due to the final purchase price allocations for MNG Kargo and DHL Logistics LLC – SO, 2024 Annual Report, note 4 to the consolidated financial statements.

Segment reporting

JANUARY 1 TO MARCH 31
  Express Global Forwarding, Freight1 Supply Chain eCommerce1
€m 2024 2025 2024 2025 2024 2025 2024 2025
External revenue 5,878 5,967 4,320 4,466 4,301 4,362 1,592 1,699
Internal revenue 128 161 297 298 33 18 41 57
Total revenue 6,006 6,127 4,617 4,764 4,333 4,380 1,633 1,756
Material expense 3,081 3,070 3,629 3,763 1,658 1,567 1,161 1,257
Staff costs 1,562 1,622 642 650 1,922 1,938 297 319
Depreciation and amortization 456 471 89 86 251 282 67 79
Impairment losses 0 0 0 0 1 0 0 0
Total depreciation, amortization and impairment losses 456 471 89 86 252 282 67 79
Net income/loss from investments accounted for using the equity method –1 1 0 –2 –2 1 0 0
Profit from operating activities (EBIT) 632 662 263 202 256 268 58 52
Segment assets2 21,303 20,690 12,113 11,829 11,080 11,372 3,847 3,757
of which investments accounted for using the equity method 8 9 10 8 16 25 40 51
Segment liabilities2 4,994 4,806 3,916 3,770 4,055 3,945 1,057 971
Net segment assets/liabilities2 16,310 15,884 8,198 8,060 7,025 7,426 2,791 2,787
Capex (assets acquired) 165 114 42 24 117 135 50 47
Capex (right-of-use assets) 230 290 47 33 252 279 114 37
Total capex 395 404 89 58 369 413 164 85
Net cash from (+)/used in (–) operating activities 1,124 1,230 –32 42 401 357 150 149
Employees3 109,684 108,409 45,782 44,422 185,806 182,925 39,651 39,796
1 Prior-year figures adjusted due to the final purchase price allocations for MNG Kargo and DHL Logistics LLC – SO, 2024 Annual Report, note 4 to the consolidated financial statements. 2 As of December 31, 2024, and March 31, 2025. 3 Average FTEs.
JANUARY 1 TO MARCH 31
  Post & Parcel
Germany
Group Functions Consolidation Group1
€m 2024 2025 2024 2025 2024 2025 2024 2025
External revenue 4,156 4,313 4 2 0 0 20,251 20,809
Internal revenue 110 115 483 475 –1,092 –1,123 0 0
Total revenue 4,266 4,428 488 476 –1,092 –1,123 20,251 20,809
Material expense 1,451 1,473 375 374 –1,169 –1,225 10,186 10,278
Staff costs 2,264 2,301 325 335 –2 –2 7,010 7,162
Depreciation and amortization 150 164 140 136 0 0 1,154 1,218
Impairment losses 0 2 0 0 0 0 1 2
Total depreciation, amortization and impairment losses 150 166 140 136 0 0 1,154 1,220
Net income/loss from investments accounted for using the equity method 0 0 –4 –1 0 0 –7 –2
Profit from operating activities (EBIT) 194 281 –91 –96 0 1 1,311 1,370
Segment assets2 9,883 9,759 4,048 4,160 –60 –61 62,216 61,506
of which investments accounted for using the equity method 0 0 22 20 0 0 97 113
Segment liabilities2 2,606 2,589 1,583 1,766 –46 –54 18,165 17,793
Net segment assets/liabilities2 7,277 7,170 2,465 2,394 –14 –8 44,051 43,713
Capex (assets acquired) 88 120 21 21 0 0 483 461
Capex (right-of-use assets) 28 4 118 74 0 0 790 718
Total capex 116 124 140 95 0 0 1,273 1,179
Net cash from (+)/used in (–) operating activities 524 481 113 99 –280 –181 2,001 2,178
Employees3 156,056 154,822 14,048 14,023 0 0 551,027 544,397
1 Prior-year figures adjusted due to the final purchase price allocations for MNG Kargo and DHL Logistics LLC – SO, 2024 Annual Report, note 4 to the consolidated financial statements. 2 As of December 31, 2024, and March 31, 2025. 3 Average FTEs.
Reconciliation
€m Q1 20241 Q1 2025
Total income of reported segments 1,402 1,465
Group Functions –91 –96
Reconciliation to Group/Consolidation 0 1
Profit from operating activities (EBIT) 1,311 1,370
Net finance costs –168 –184
Profit before income taxes 1,142 1,186
Income taxes –343 –356
Consolidated net profit for the period 799 830
1 Prior-year figures adjusted due to the final purchase price allocations for MNG Kargo and DHL Logistics LLC – SO, 2024 Annual Report, note 4 to the consolidated financial statements.

Earnings per share

BASIC EARNINGS PER SHARE
    Q1 20241 Q1 2025
Consolidated net profit for the period attributable to Deutsche Post AG shareholders €m 740 786
Weighted average number of shares outstanding Number 1,172,904,251 1,151,156,211
Basic earnings per share 0.63 0.68
1 Prior-year figures adjusted due to the final purchase price allocations for MNG Kargo and DHL Logistics LLC – SO, 2024 Annual Report, note 4 to the consolidated financial statements.
DILUTED EARNINGS PER SHARE
    Q1 20241 Q1 2025
Consolidated net profit for the period attributable to Deutsche Post AG shareholders €m 740 786
Plus interest expense on the convertible bond €m 2 2
Less income taxes €m 1 1
Adjusted consolidated net profit for the period attributable to Deutsche Post AG shareholders €m 741 788
Weighted average number of shares outstanding Number 1,172,904,251 1,151,156,211
Potentially dilutive shares Number 22,963,506 22,095,580
Weighted average number of shares for diluted earnings Number 1,195,867,757 1,173,251,791
Diluted earnings per share 0.62 0.67
1 Prior-year figures adjusted due to the final purchase price allocations for MNG Kargo and DHL Logistics LLC – SO, 2024 Annual Report, note 4 to the consolidated financial statements.

Changes in issued capital and treasury shares

€m 2024 2025
Issued capital    
Balance as of January 1 1,239 1,200
Capital reduction through retirement of treasury shares –39 0
Balance as of December 31/March 31 1,200 1,200
Treasury shares    
Balance as of January 1 –58 –47
Purchase of treasury shares –31 –4
Issue/sale of treasury shares 3 0
Retirement of treasury shares 39 0
Balance as of December 31/March 31 –47 –51
Total as of December 31/March 31 1,153 1,149
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