Selected Financial Information

Income statement

January 1 to March 31
€m 2025 2026
Revenue 20,809 20,420
Other operating income 592 555
Changes in inventories and work performed and capitalized -22 47
Material expense -10,278 -9,907
Staff costs -7,162 -7,092
Depreciation, amortization and impairment losses -1,220 -1,229
Other operating expenses -1,347 -1,318
Net income/loss from investments accounted for using the equity method -2 6
Profit from operating activities (EBIT) 1,370 1,483
Financial income 96 91
Finance costs -305 -361
Foreign-currency result 25 37
Net finance costs -184 -233
Profit before income taxes 1,186 1,250
Income taxes -356 -388
Consolidated net profit for the period 830 863
Attributable to Deutsche Post AG shareholders 786 812
Attributable to noncontrolling interests 43 50
Basic earnings per share (€) 0.68 0.73
Diluted earnings per share (€) 0.67 0.72

Balance sheet

€m Dec. 31, 2025 March 31, 2026
Assets    
Intangible assets 14,772 14,913
Property, plant and equipment 30,977 31,234
Investment property 77 78
Investments accounted for using the equity method 875 891
Noncurrent financial assets 1,785 1,854
Other noncurrent assets 511 548
Noncurrent income tax assets 46 53
Deferred tax assets 1,028 1,086
Noncurrent assets 50,071 50,659
Inventories 1,010 1,038
Current financial assets 1,966 2,442
Trade receivables 11,305 11,321
Other current assets 2,702 3,073
Current income tax assets 548 490
Cash and cash equivalents 3,376 5,352
Assets held for sale 39 40
Current assets 20,946 23,755
Total assets 71,018 74,413
Equity and liabilities    
Issued capital 1,119 1,113
Capital reserves 3,690 3,766
Other reserves -2,355 -2,051
Retained earnings 19,773 20,571
Equity attributable to Deutsche Post AG shareholders 22,227 23,400
Noncontrolling interests 396 451
Equity 22,623 23,851
Provisions for pensions and similar obligations 1,660 1,599
Deferred tax liabilities 542 599
Other noncurrent provisions 2,491 2,560
Noncurrent financial liabilities 21,780 23,577
Other noncurrent liabilities 220 231
Noncurrent income tax liabilities 292 309
Noncurrent provisions and liabilities 26,985 28,875
Current provisions 1,143 1,195
Current financial liabilities 5,709 5,479
Trade payables 7,889 7,557
Other current liabilities 6,205 6,998
Current income tax liabilities 451 445
Liabilities associated with assets held for sale 14 15
Current provisions and liabilities 21,410 21,688
Total equity and liabilities 71,018 74,413

Cash flow statement

January 1 to March 31
€m 2025 2026
Consolidated net profit for the period 830 863
+ Income taxes 356 388
+ Net finance costs 184 233
= Profit from operating activities (EBIT) 1,370 1,483
+ Depreciation, amortization and impairment losses 1,220 1,229
+ Net loss/net income from disposal of noncurrent assets -1 -7
+ Other noncash income and expense 11 45
+ Change in provisions -95 1
+ Change in other noncurrent assets and liabilities -16 -6
+ Income taxes paid -211 -302
= Net cash from operating activities before changes in working capital 2,276 2,444
+ Change in inventories 70 -22
+ Change in receivables and other current assets -316 -349
+ Change in liabilities and other items 148 606
= Net cash from operating activities 2,178 2,679
Subsidiaries and other business units 0 0
+ Property, plant and equipment and intangible assets 31 44
+ Other noncurrent financial assets 55 52
= Proceeds from disposal of noncurrent assets 86 96
Subsidiaries and other business units -30 -3
+ Property, plant and equipment and intangible assets -649 -634
+ Investments accounted for using the equity method and other investments -10 -9
+ Other noncurrent financial assets -10 -3
= Cash paid to acquire noncurrent assets -699 -648
+ Interest received 57 42
+ Payments for current financial assets -50 -363
= Net cash used in investing activities -606 -873
Proceeds from issuance of noncurrent financial liabilities 2,227 1,497
+ Repayments of noncurrent financial liabilities -712 -658
+ Change in current financial liabilities -3 -75
+ Other financing activities 81 14
+ Proceeds from transactions with noncontrolling interests 0 5
+ Dividend paid to noncontrolling-interest holders -7 -5
+ Purchase of treasury shares -176 -311
+ Interest paid -235 -327
= Net cash from financing activities 1,175 140
Net change in cash and cash equivalents 2,747 1,946
+ Effect of changes in exchange rates on cash and cash equivalents -75 30
+ Cash and cash equivalents at beginning of reporting period 3,619 3,376
= Cash and cash equivalents at end of reporting period 6,292 5,352

Segment reporting

January 1 to March 31
€m Express Global Forwarding Supply Chain eCommerce
  2025 2026 2025 2026 2025 2026 2025 2026
External revenue 5,967 5,854 4,466 4,201 4,362 4,481 1,699 1,500
Internal revenue 161 157 298 326 18 20 57 60
Total revenue 6,127 6,011 4,764 4,527 4,380 4,502 1,756 1,560
Material expense 3,070 2,826 3,763 3,559 1,567 1,776 1,257 1,109
Staff costs 1,622 1,613 650 633 1,938 1,902 319 278
Depreciation and amortization 471 449 86 83 282 310 79 73
Impairment losses 0 0 0 0 0 0 0 0
Total depreciation, amortization and impairment losses 471 449 86 83 282 310 79 73
Net income/loss from investments accounted for using the equity method 1 1 -2 0 1 0 0 1
Profit from operating activities (EBIT) 662 799 202 164 268 276 52 50
Capex (assets acquired) 114 119 24 21 135 165 47 43
Capex (right-of-use assets) 290 201 33 57 279 363 37 32
Total capex 404 320 58 79 413 528 85 75
Net cash from (+)/used in (-) operating activities 1,230 1,608 42 31 357 409 149 167
Employees1 108,409 104,161 44,422 43,577 182,925 184,084 39,796 36,787
1 Average FTEs.
January 1 to March 31
€m Post & Parcel
Germany
Group Functions Consolidation Group
  2025 2026 2025 2026 2025 2026 2025 2026
External revenue 4,313 4,383 2 1 0 0 20,809 20,420
Internal revenue 115 119 475 482 -1,123 -1,165 0 0
Total revenue 4,428 4,502 476 483 -1,123 -1,165 20,809 20,420
Material expense 1,473 1,531 374 409 -1,225 -1,302 10,278 9,907
Staff costs 2,301 2,367 335 299 -2 0 7,162 7,092
Depreciation and amortization 164 179 136 136 0 0 1,218 1,229
Impairment losses 2 0 0 0 0 0 2 0
Total depreciation, amortization and impairment losses 166 179 136 136 0 0 1,220 1,229
Net income/loss from investments accounted for using the equity method 0 0 -1 5 0 0 -2 6
Profit from operating activities (EBIT) 281 264 -96 -71 1 1 1,370 1,483
Capex (assets acquired) 120 155 21 15 0 0 461 518
Capex (right-of-use assets) 4 1 74 127 0 0 718 782
Total capex 124 156 95 142 0 0 1,179 1,300
Net cash from (+)/used in (-) operating activities 481 619 99 152 -181 -308 2,178 2,679
Employees1 154,822 153,571 14,023 12,155 0 0 544,397 534,335
1 Average FTEs.
Reconciliation
€m Q1 2025 Q1 2026
Total income of reported segments 1,465 1,553
Group Functions -96 -71
Reconciliation to Group/Consolidation 1 1
Profit from operating activities (EBIT) 1,370 1,483
Net finance costs -184 -233
Profit before income taxes 1,186 1,250
Income taxes -356 -388
Consolidated net profit for the period 830 863

Further information

Segment assets and liabilities
€m Express Global Forwarding Supply Chain eCommerce
  Dec. 31, 2025 Mar. 31, 2026 Dec. 31, 2025 Mar. 31, 2026 Dec. 31, 2025 Mar. 31, 2026 Dec. 31, 2025 Mar. 31, 2026
Segment assets 20,768 20,787 11,190 11,519 12,084 12,617 4,197 4,159
of which: investments accounted for
using the equity method
10 11 6 6 8 8 831 841
Segment liabilities 5,027 5,310 3,583 3,620 4,281 4,214 896 867
Net segment assets/
liabilities
15,741 15,478 7,606 7,898 7,803 8,404 3,301 3,291
Segment assets and liabilities
€m Post & Parcel
Germany
Group Functions Consolidation Group
  Dec. 31, 2025 Mar. 31, 2026 Dec. 31, 2025 Mar. 31, 2026 Dec. 31, 2025 Mar. 31, 2026 Dec. 31, 2025 Mar. 31, 2026
Segment assets 10,296 10,206 3,930 4,083 -57 -67 62,407 63,304
of which: investments accounted for
using the equity method
0 0 19 25 0 0 875 891
Segment liabilities 2,656 2,756 1,492 1,689 -42 -41 17,892 18,415
Net segment assets/
liabilities
7,640 7,450 2,438 2,394 -15 -26 44,515 44,889

Includes only EBIT-related operating assets and liabilities. Assets and liabilities related to taxes or financing and cash and cash equivalents are deducted.

Earnings per share

Basic earnings per share
    Q1 2025 Q1 2026
Consolidated net profit for the period attributable to Deutsche Post AG shareholders €m 786 812
Weighted average number of shares outstanding Number 1,151,156,211 1,115,570,949
Basic earnings per share 0.68 0.73
Diluted earnings per share
    Q1 2025 Q1 2026
Consolidated net profit for the period attributable to Deutsche Post AG shareholders €m 786 812
Plus interest expense on the convertible bond €m 2 0
Less income taxes €m 1 0
Adjusted consolidated net profit for the period attributable to Deutsche Post AG shareholders €m 788 812
Weighted average number of shares outstanding Number 1,151,156,211 1,115,570,949
Potentially dilutive shares Number 22,095,580 10,321,559
Weighted average number of shares for diluted earnings Number 1,173,251,791 1,125,892,508
Diluted earnings per share 0.67 0.72

Changes in issued capital and treasury shares

€m 2025 2026
Issued capital    
Balance as of January 1 1,200 1,150
Capital reduction through retirement of treasury shares -50 0
Balance as of December 31/March 31 1,150 1,150
Treasury shares    
Balance as of January 1 -47 -31
Purchase of treasury shares -37 -7
Issue/sale of treasury shares 3 0
Retirement of treasury shares 50 0
Balance as of December 31/March 31 -31 -37
Total as of December 31/March 31 1,119 1,113
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