CTT's earnings surge by 11.7%
In the first half of 2025, CTT, a leading multinational logistics and financial services company, reported significant growth and an increase in net profit. According to the Portuguese Securities Market Commission (CMVM), CTT achieved a consolidated net profit of €22.1 million, marking an 11.7% increase compared to the same period in 2024.
This growth can be attributed to several key factors. The company's express and parcel (E&P) business demonstrated strong performance, with revenues rising by 28.6% year-on-year to €270.6 million. This growth was primarily driven by volume and service expansion in Iberia.
Logistics revenues also grew by 12.4%, and bank and financial services revenues increased by 23.1%. These figures highlight the robustness of CTT's diversified business model.
The acquisition of Cacesa, a customer clearance company, in December 2024, also contributed to CTT's growth. Cacesa was consolidated by CTT as of April 30, 2025, but the impact on the consolidated net profit for the first half of 2025 was not explicitly stated.
In addition to these factors, CTT saw an increase in the placement of public debt in its financial services, a trend that began in the first half of 2025. This growth in Banco CTT also played a significant role in the company's improved financial performance.
EBITDA for CTT in the first half of 2025 was €86.7 million, representing a 22.5% increase. The operating income for the same period in 2024 was lower by 13.9%, but the specific figure for the operating income in the first half of 2025 was not provided.
The net profit increase was reported to the Portuguese Securities Market Commission (CMVM), signaling CTT's commitment to transparency and accountability. The company's strong financial performance in the first half of 2025 bodes well for its future growth and success.
[1] CTT Press Release, "CTT Reports Strong First Half Results", [link to press release] [2] CTT Financial Report, "H1 2025 Financial Results", [link to financial report]
The express and parcel business, a significant component of CTT's diversified business, demonstrated a 28.6% year-on-year revenue growth, contributing to the overall growth of the company. The growth in Banco CTT's placement of public debt also played a key role in enhancing CTT's financial performance, as evident in the increased EBITDA by 22.5%. [1] [2]
