Cash flow statement

January 1 to June 30
€m H1 2025 H1 2026 Q2 2025 Q2 2026
Consolidated net profit for the period 1,689 1,953 859 1,094
+ Income taxes 724 878 368 492
+ Net finance costs 387 505 202 272
= Profit from operating activities (EBIT) 2,799 3,335 1,429 1,858
+ Depreciation, amortization and impairment losses 2,410 2,490 1,190 1,260
+ Net loss/net income from disposal of noncurrent assets -19 -2 -17 5
+ Other noncash income and expense -119 29 -130 -21
+ Change in provisions -145 -109 -50 -110
+ Change in other noncurrent assets and liabilities -12 -29 5 -23
+ Dividend received 0 1 0 1
+ Income taxes paid -597 -695 -386 -393
= Net cash from operating activities before changes in working capital 4,317 5,020 2,041 2,576
+ Change in inventories 24 -115 -47 -93
+ Change in receivables and other current assets -273 -1,435 43 -1,086
+ Change in liabilities and other items -179 1,227 -328 621
= Net cash from operating activities 3,888 4,697 1,710 2,018
Subsidiaries and other business units 13 3 13 3
+ Property, plant and equipment and intangible assets 58 73 27 29
+ Other noncurrent financial assets 87 107 32 56
= Proceeds from disposal of noncurrent assets 157 183 71 87
Subsidiaries and other business units -295 -18 -266 -15
+ Property, plant and equipment and intangible assets -1,223 -1,299 -574 -665
+ Investments accounted for using the equity method and other investments -10 -103 0 -94
+ Other noncurrent financial assets -12 -13 -2 -10
= Cash paid to acquire noncurrent assets -1,540 -1,433 -842 -785
+ Interest received 108 99 50 57
+ Payments for/proceeds from current financial assets -32 1,245 18 1,608
= Net cash from/used in investing activities -1,307 94 -702 967
Proceeds from issuance of noncurrent financial liabilities 3,121 1,497 895 0
+ Repayments of noncurrent financial liabilities -2,409 -2,556 -1,697 -1,898
+ Change in current financial liabilities -40 -127 -37 -52
+ Other financing activities 16 41 -65 27
+ Proceeds from transactions with noncontrolling interests 0 6 0 1
+ Cash paid for transactions with noncontrolling interests 0 -8 0 -8
+ Dividend paid to Deutsche Post AG shareholders -2,123 -2,117 -2,123 -2,117
+ Dividend paid to noncontrolling-interest holders -18 -13 -10 -8
+ Purchase of treasury shares -928 -561 -752 -250
+ Proceeds from issuing shares or other equity instruments 0 3 0 3
+ Interest paid -461 -609 -226 -282
= Net cash used in financing activities -2,840 -4,444 -4,015 -4,584
Net change in cash and cash equivalents -259 346 -3,007 -1,600
+ Effect of changes in exchange rates on cash and cash equivalents -210 54 -135 24
+ Cash and cash equivalents at beginning of reporting period 3,619 3,376 6,292 5,352
= Cash and cash equivalents at end of reporting period 3,150 3,776 3,150 3,776
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