Income statement disclosures

5 Revenue by business unit/product

€m H1 2025 H1 2026
Express 11,679 12,784
Global Forwarding1 8,780 9,304
Air freight 2,976 3,392
Ocean freight 2,774 2,638
Road freight 2,071 2,173
Other 960 1,100
Supply Chain 8,528 9,180
eCommerce 3,294 3,032
Post & Parcel Germany 8,351 8,485
Post Germany 3,491 3,296
Parcel Germany 3,804 4,059
International 1,003 1,049
Other 53 81
Group Functions 2 3
Total 40,634 42,787
1 Since January 2026, the division has reported by product rather than by business unit. The prior-year figures have been adjusted accordingly.

Group revenue increased by €2,152 million year on year to €42,787 million. While organic growth amounted to €3,006 million, acquisitions and divestitures in the current fiscal year (totaling €⁠–⁠198 million) and currency effects (€⁠–⁠656 million) reduced revenue.

6 Other operating income

€m H1 2025 H1 2026
Insurance-related income 231 214
Income from currency translation 171 134
Income from the remeasurement and derecognition of liabilities 154 122
Income from the reversal and remeasurement of provisions 77 97
Operating lease income 89 88
Income from the disposal of assets 56 68
Income from fees and reimbursements 53 58
Income from loss compensation 40 39
Income from derivatives 24 34
Income from prior-period billings 27 30
Sublease income 30 28
Subsidies 24 20
Miscellaneous other operating income 298 261
Total 1,273 1,192

Other operating income fell by 6.4% year on year to €1,192 million. This was a result of lower income from currency translation and lower income from the remeasurement and derecognition of liabilities compared with the previous year.

Income from the disposal of assets includes the deconsolidation gain of €24 million from the sale of DHL Parcel Portugal, note 2.

Miscellaneous other operating income includes a large number of smaller individual items.

7 Depreciation, amortization and impairment losses

€m H1 2025 H1 2026
Amortization of and impairment losses on intangible assets,
of which 0 (previous year: 0) impairment losses
140 164
Depreciation of and impairment losses on property, plant and equipment acquired,
of which 0 (previous year: 0) impairment losses
1,061 1,072
Depreciation of and impairment losses on right-of-use assets,
of which 0 (previous year: 2) impairment losses
1,209 1,254
Impairment of goodwill 0 0
Total 2,410 2,490

Impairment losses of €2 million in the previous year related solely to the Post & Parcel Germany segment.

8 Other operating expenses

€m H1 2025 H1 2026
Cost of purchased cleaning and security services 372 367
Warranty expenses, refunds and compensation payments 304 286
Other business taxes 194 233
Travel and training costs 176 183
Insurance costs 158 173
Expenses for advertising and public relations 160 143
Currency translation expenses 169 137
Entertainment and corporate hospitality expenses 105 112
Office supplies 99 108
Telecommunication costs 107 101
Customs-clearance-related charges 102 90
Write-downs and remeasurements 79 89
Losses on disposal of assets 41 70
Consulting costs (including tax advice) 74 66
Monetary transaction costs 57 66
Contributions and fees 55 62
Voluntary social benefits 58 56
Commissions paid 53 51
Miscellaneous other operating expenses 294 341
Total 2,657 2,734

Miscellaneous other operating expenses include a large number of smaller individual items.

9 Net income from and investments accounted for using the equity method

Net income from investments accounted for using the equity method fell by €70 million to €⁠–⁠4 million. The figure for the prior-year period was positively affected by the gain from the change in consolidation method for ASMO recognized in June 2025 in the amount of €67 million.

The increase of €198 million in equity-accounted investments to €1,067 million resulted primarily from the Portuguese company CTT Expresso, which is accounted for using the equity method for the first time with a carrying amount of €155 million, note 2.

The carrying amount of the shares in the Evri Group acquired on September 30, 2025, note 2, increased by €23 million to €798 million in the first half of 2026. The increase resulted largely from the acquisition of additional shares (0.3% or €12 million) and from currency translation effects (€10 million).

10 Earnings per share

Basic earnings per share in the reporting period were €1.63 (previous year: €1.40).

Basic earnings per share
    H1 2025 H1 2026
Consolidated net profit for the period attributable to Deutsche Post AG shareholders €m 1,602 1,818
Weighted average number of shares outstanding Number 1,145,175,773 1,113,963,923
Basic earnings per share 1.40 1.63

Diluted earnings per share in the reporting period were €1.61 (previous year: €1.37).

Diluted earnings per share
    H1 2025 H1 2026
Consolidated net profit for the period attributable to Deutsche Post AG shareholders €m 1,602 1,818
Plus interest expense on the convertible bond €m 4 0
Less income taxes €m -1 0
Adjusted consolidated net profit for the period attributable to Deutsche Post AG shareholders €m 1,604 1,818
Weighted average number of shares outstanding Number 1,145,175,773 1,113,963,923
Potentially dilutive shares Number 21,792,692 12,361,505
Weighted average number of shares for diluted earnings Number 1,166,968,465 1,126,325,428
Diluted earnings per share1 1.37 1.61
1 The convertible bond was fully repaid in June 2025 and is included in the calculation. The prior-year figures have been adjusted accordingly.
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