InPost SA
AEX:INPST
InPost SA
InPost SA, a burgeoning beacon within the European logistic landscape, was fashioned by the entrepreneurial acumen of Rafal Brzoska. Nestled in Poland, this company has carved a niche for itself with a unique business model centered around the burgeoning demand for convenient and contactless delivery solutions. At the heart of InPost's operations are its automated parcel lockers—strategically positioned across urban and suburban locales—that facilitate efficient package delivery and retrieval without the need for human interaction. This network of lockers offers consumers the flexibility to receive and send packages at any time, addressing the modern consumer's demand for speed, convenience, and accessibility.
The monetization of InPost revolves primarily around partnerships with e-commerce giants, local retailers, and delivery services that leverage its locker network as a cost-effective and efficient last-mile delivery solution. Each time a package is delivered or stored, InPost charges a fee, making the business model intrinsically scalable with the increase in e-commerce transactions. Furthermore, the company's lockers serve as vital nodes in the growing ecosystem of contactless commerce, which has seen accelerated adoption due to shifting consumer habits. InPost's revenue streams are augmented through additional services such as express delivery, returns management, and targeted advertisements on its lockers, ensuring a diversified portfolio of income and reinforcing its standing in a competitive market.
InPost SA, a burgeoning beacon within the European logistic landscape, was fashioned by the entrepreneurial acumen of Rafal Brzoska. Nestled in Poland, this company has carved a niche for itself with a unique business model centered around the burgeoning demand for convenient and contactless delivery solutions. At the heart of InPost's operations are its automated parcel lockers—strategically positioned across urban and suburban locales—that facilitate efficient package delivery and retrieval without the need for human interaction. This network of lockers offers consumers the flexibility to receive and send packages at any time, addressing the modern consumer's demand for speed, convenience, and accessibility.
The monetization of InPost revolves primarily around partnerships with e-commerce giants, local retailers, and delivery services that leverage its locker network as a cost-effective and efficient last-mile delivery solution. Each time a package is delivered or stored, InPost charges a fee, making the business model intrinsically scalable with the increase in e-commerce transactions. Furthermore, the company's lockers serve as vital nodes in the growing ecosystem of contactless commerce, which has seen accelerated adoption due to shifting consumer habits. InPost's revenue streams are augmented through additional services such as express delivery, returns management, and targeted advertisements on its lockers, ensuring a diversified portfolio of income and reinforcing its standing in a competitive market.
Record Volumes & Revenue: InPost handled 351 million parcels in Q3 2025, up 34%, and delivered revenue of PLN 3.8 billion, rising nearly 50% year-on-year.
Strong International Growth: 54% of group revenue now comes from outside Poland, driven by Eurozone expansion and the integration of Yodel in the U.K.
Profitability Maintained: Adjusted EBITDA reached PLN 1.1 billion with a solid 28% margin, though adjusted net profit declined by 3.3%.
Market Share Gains: InPost continues to gain share in all geographies, with volume growth outpacing market growth in Poland, Eurozone, and the U.K.
Network Expansion: Nearly 90,000 out-of-home points operated, with 13,000 new APMs added in 12 months and high utilization across markets.
UK Integration Challenges: Integration of Yodel led to operational setbacks, causing a pause in further integration work until Q1 2026 and short-term EBITDA margin pressure in the U.K.
Guidance Unchanged: Full-year outlook for volume (25–30%) and revenue (35–40%) growth maintained, with EBITDA margin progress expected, though U.K. margin guidance temporarily lowered.
