Spanish Postal Service Correos achieved a net profit of €14.4 million in 2025, reversing years of losses. This provisional figure, pending final approval by the board of directors, marks the company's return to profitability ahead of schedule, approaching the €18 million level seen in 2019.

The performance improvement is primarily attributed to revenue growth and cost control. Turnover in 2025 increased by 2.5% year-on-year to €1.658 billion, thanks to the optimization of postal and parcel services and the expansion of diversified businesses, including AXA insurance sales. Simultaneously, total operating expenses decreased by 2%, driving EBITDA to €76 million, significantly exceeding the strategic plan's expectations.

Pedro Solla, Chairman of Correos, stated: "In 2025, we successfully initiated the company's transformation process while remaining true to our postal identity. The law recognizes the unique value of the Spanish postal network, enabling it to continue serving society." The amendment to the Postal Law in the summer of 2025 granted the company the function of providing Services of General Economic Interest (SIEG), such as administrative procedures and essential financial services, strengthening its public mission.

Financially, net debt decreased by 20% to €677 million, enhancing the company's financial stability. Solla noted: "A swift return to profitability was crucial for stabilizing the company, which would not have been possible without the joint efforts of employees, unions, and the government." To support the transformation, the company adjusted its organizational structure, creating a new General Manager position for Retail and Services, and integrated network services into the operations department.

Through strategic execution and modernization reforms, Spanish Postal Service Correos is moving towards a sustainable future. This transformation not only consolidates operational recovery but also lays the foundation for the company to remain competitive in the digital era.