Increase in CTT's revenue by 11.7% reported
In a positive development for the Portuguese logistics and financial services sector, CTT has announced a substantial increase in its net profit and operating income for the first half of 2025.
The company's net profit attributable to its shareholders rose by €2.3 million compared to the same period in 2024, reaching €22.1 million. This growth was primarily driven by a year-on-year organic increase in revenues of 11%, with recurring EBIT increasing by a substantial 28%.
The robust operational performance and effective cost management are evident in the 28% increase in recurring EBIT, which indicates strong operational efficiency. CTT's revenue growth and improved profitability are a testament to the company's strategic initiatives and operational improvements.
One of the key factors contributing to CTT's growth was the strategic acquisition of Cacesa, a subsidiary that significantly boosted the logistics segment's profile and growth. The consolidation of Cacesa became effective as of April 30, 2025.
In addition to organic growth and strategic acquisitions, CTT's share buyback programs played a role in the improved financial metrics per share. The company completed significant equity buybacks in 2024 and early 2025, reflecting confidence in the company's future prospects.
The strong performance of Expresso e Enparendas, a division of CTT, also contributed significantly to the growth in the company's earnings. The increased placement of public debt in Financial Services, another division of CTT, also contributed to the growth in the first half of 2025.
Banco CTT, another division of CTT, continued to grow in the first half of 2025, contributing to the overall growth of the company. The earnings before taxes, interest, depreciation, and amortization (EBITDA) for CTT increased by 22.5% to €86.7 million in the first half of 2025.
The Portuguese Securities Market Commission (CMVM) received a statement from CTT detailing these financial results and the factors contributing to the growth. The statement, along with disclosures from the earnings call, paint a clear picture of CTT's continued growth and success in the first half of 2025.
CTT's growth in net profit and operating income was significantly aided by strategic initiatives in both the business and finance sectors, as evidenced by the acquisition of Cacesa, the increased placement of public debt in Financial Services, and the share buyback programs. The robust operational efficiency is reflected in the 28% increase in recurring EBIT.
