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Posti Group Corporation (\u201cPosti Group Oyj\u201d) and its subsidiaries (\u201cPosti\u201d or \u201cthe Group\u201d) is one of the
leading delivery and fulfillment companies in Finland, Sweden, and the Baltics. We make our
customers\u2019 everyday lives smoother with a wide range of services, which include parcels, freight, and
postal services as well as warehouse, fulfillment, and logistics services. Posti operates in six countries.
The Group\u2019s Parent Company, Posti Group Corporation (\u201cthe Company\u201d) (business ID 1531864-4), is
domiciled in Helsinki, Finland, and its registered address is Mannerheiminaukio 1 A, FI-00100 Helsinki.
Posti\u2019s shares are listed on the Nasdaq Helsinki official list in Finland. These Consolidated Financial
Statements have been approved for issue by the Board of Directors of Posti Group Corporation on
March 17, 2026.
General economic operating environment and geopolitical risks
Consumer confidence and the continued low demand for logistics services in trade and industry
sectors directly affect Posti's business operations and performance. Economic recovery has been
slow, and the operating environment is expected to remain challenging. As Posti serves a broad
customer base, both GDP growth and confidence indicators have a direct impact on the sector\u2019s
performance. However, no major changes are expected in the key logistics drivers for ecommerce
growth and digitalization of postal volumes. Tightening trade policies, geopolitical tensions, financial
market instability, and potential additional fiscal adjustment measures in Finland also generate
uncertainty and volatility in Posti's operating environment. Therefore, management\u2019s estimates are
subject to considerable uncertainty. While Posti does not consider geopolitical risks to have a direct
impact on its Financial Statements, prolonged periods of reduced demand or other adverse impacts
on business performance in the longer run could negatively affect the valuation of non-current assets,
including goodwill and deferred tax assets.", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-261": { "value": "Posti Group Corporation (\u201cPosti Group Oyj\u201d) and its subsidiaries (\u201cPosti\u201d or \u201cthe Group\u201d) is one of the leading delivery and fulfillment companies in Finland, Sweden, and the Baltics. We make our customers\u2019 everyday lives smoother with a wide range of services, which include parcels, freight, and postal services as well as warehouse, fulfillment, and logistics services. Posti operates in six countries. The Group\u2019s Parent Company, Posti Group Corporation (\u201cthe Company\u201d) (business ID 1531864-4), is domiciled in Helsinki, Finland, and its registered address is Mannerheiminaukio 1 A, FI-00100 Helsinki. Posti\u2019s shares are listed on the Nasdaq Helsinki official list in Finland. These Consolidated Financial Statements have been approved for issue by the Board of Directors of Posti Group Corporation on March 17, 2026.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-259": { "value": "Posti Group Corporation (\u201cPosti Group Oyj\u201d)", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-262": { "value": "Oyj", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-263": { "value": "Posti Group Corporation (\u201cthe Company\u201d) (business ID 1531864-4)", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-264": { "value": "Helsinki, Finland", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-265": { "value": "Finland", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-266": { "value": "Mannerheiminaukio 1 A, FI-00100 Helsinki", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-267": { "value": "Mannerheiminaukio 1 A, FI-00100 Helsinki", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-268": { "value": "
Group accounting policies
Posti\u2019s Consolidated Financial Statements are prepared in accordance with the International Financial
Reporting Standards as issued by the IASB (IFRS Accounting Standards), and adopted by the European
Union (EU), in addition to related interpretation of the IFRS interpretation committee (IFRICs). The
Consolidated Financial Statements are also in compliance with Finnish accounting and company
legislation.
The Consolidated Financial Statements are prepared under the historical cost convention, with the
exception of below mentioned items valued at fair value as required by the standards. All amounts in
the Consolidated Financial Statements are presented in millions of euros, unless otherwise stated. The
figures are rounded and thus the sum of individual figures may be different than the total presented.
These policies have been consistently applied to all the years presented, unless stated otherwise.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-269": { "value": "
Group accounting policies
Consolidation Principles
Subsidiaries
The Consolidated Financial Statements include the Parent Company, Posti Group Corporation, and all
its subsidiaries. Subsidiaries are entities over which the Group has control. Control exists, directly or
indirectly, if the Group has decision-making powers, is exposed to, and has rights to, variable returns,
and is able to use its decision-making powers to affect the amount of the variable returns. Subsidiaries
are consolidated from the date on which the Group is able to exercise control and are unconsolidated
from the date that control ceases.
The acquisition method of accounting is used to account for business combinations.
All intercompany transactions, assets and liabilities, distribution of profits and unrealized gains on
transactions between group companies are eliminated in the consolidated accounts.
Joint operations
Posti has investments in mutual real estate companies. These investments are accounted for as joint
operations. Posti\u2019s direct share of the assets, liabilities, income and expenses in these arrangements is
recognized in the consolidated financial statements under the appropriate headings.
Foreign currency translation
Functional and presentation currency
Items included in the financial statements of each of the Group\u2019s entities are measured using the
currency of the primary economic environment in which the entity operates (the \u201cfunctional
currency\u201d). The consolidated financial statements are presented in euros, which is the functional and
presentation currency of the Group.
Transactions and balances
Transactions denominated in foreign currencies are translated into the functional currency using the
exchange rate at the date of the transaction. Monetary items in the balance sheet denominated in
foreign currencies are translated into functional currency using the exchange rate at the balance
sheet date and non-monetary items using the exchange rate at the transaction date, excluding items
measured at fair value in a foreign currency which are translated using the exchange rate at the date
when the fair value was determined. Foreign exchange gains and losses arising from business
operations are presented in the income statement under the respective items above operating profit.
Foreign exchange gains and losses that relate to financing activities are presented in the income
statement within financial income and financial expenses except for the long-term intercompany
loans that are attributable to the net investment in foreign entities of which exchange rate differences
are recognized in other comprehensive income.
Subsidiaries
If the subsidiaries\u2019 functional currency differs from the Group\u2019s presentation currency, their income
statements and statement of comprehensive income are translated into euros using the average
exchange rates for the financial year, and their balance sheets using the exchange rates at the closing
rate at the balance sheet date. All resulting translation differences are recognized in other
comprehensive income.
On consolidation, exchange differences arising from the translation of the net investment, including
net investment loans to the subsidiary, are recognized in other comprehensive income. When a
foreign entity is disposed of, the associated translation differences are reclassified through profit or
loss, as part of gain or loss on disposal.
Goodwill and fair value adjustments arising on the acquisition of a foreign operation are treated as
assets and liabilities of the foreign operation and translated into euros using the rate at the balance
sheet date.
Revenue recognition
The Group\u2019s revenue is mostly generated by rendering of short-term sorting and delivery services,
warehouse, and logistics services. Framework type agreements do not represent customer contracts
as defined in the IFRS 15 standard but needs to be combined with a service order confirmation made
by the customer.
Revenue of the performance obligations is recognized either over time or at a point in time,
depending on how Posti transfers control to the customer as it satisfies performance obligations of
the customer contracts. Generally, the revenue is recognized over time when the service is rendered.
Services that Posti provides are done within a day or days, meaning that only a minor part is on the
way or in the process at the period end. Revenue for the sale of goods comprising various packaging
materials, stationary products and office supplies is recognized at a point in time when the customer
makes the purchase, and the product is sold.
At contract inception, the Group assesses the services promised in the contract with a customer to
identify performance obligations. A performance obligation can be either a promise to transfer to the
customer a distinct good or service or a series of distinct goods or services.
Some contracts include variable considerations of the transaction price, such as volume discounts or
service level bonuses and sanctions. Variable consideration is included in the transaction price using
the expected value or most likely amount method, to the extent that it is highly probable that a
significant reversal will not occur.
Posti applies the practical expedient where no adjustments to the transaction prices are made for the
time value of money, since the period between the transfer of the promised services to the customer
and payment by the customer does not exceed one year.
Net sales comprise the revenue generated by the sale of goods and services net of value added taxes,
discounts, service level related and other refunds to customers.
eCommerce and Delivery Services
The eCommerce and Delivery Services segment offers parcel delivery services and groupage freight
services. Revenue for eCommerce and Delivery Services is recognized over time as Posti satisfies
performance obligations. The performance obligation is to transport parcel or freight from the
dispatch point to the agreed delivery point. The transaction price is based, among other things, on the
size, weight and distance of the parcel or cargo being transported, as well as on possible additional
services such delivery method and time. Main product and additional services are usually combined
as a one performance obligation. For services not completed at the end of the reporting period, the
progress of performance is estimated and revenue recognized, if the amounts are material.
Fulfillment and Logistics Services
Fulfillment and Logistics Services covers contract logistics and in-house logistics services. Fulfillment
and Logistics Services revenue is recognized as the service is being provided. Performance obligations
include reception, handling and storage of goods, order picking, packing and dispatching, and
warehouse accounting. The transaction price is based on the number of work unit occurrences and
the space used for the customer\u2019s goods. The transaction price for other staffing services is based on
the work performance. Based on management assessment, its customer contracts do not contain a
lease contract as the customer has no control over the warehouse space and where their products
are located in the warehouse.
Postal Services
Postal Services offers delivery services, multichannel services and digital services, which cover, among
others, letters (both corporate and consumer letters), multichannel messaging solutions, newspaper
and magazine delivery as well as addressed direct marketing services. Performance obligations are,
for example, delivery of a postcard, letter, magazine or digital message. As a rule, revenue for postal
services is recognized over time as the Group satisfies performance obligations. For services not
completed at the end of the reporting period, the progress of performance is estimated and revenue
recognized.
Revenue for certain prepaid services, including stamps, franking machines, and prepaid envelopes, is
recognized based on their estimated usage. Estimated usage is based on statistical models.
Unperformed services are accrued as a contract liability on the balance sheet. Deferred revenue is
presented on the balance sheet as a current liability. The Group uses external specialists to develop,
assess and update the statistical revenue recognition model.
Commissions for selling stamps to retailers are recognized as an expense when Posti has performed
the prepaid service. Accordingly, sales commissions estimated to relate to unused stamps, which are
paid in advance to retailers, are recognized as receivables on the balance sheet and recognized as an
expense when the related revenue is recognized in net sales.
The Group acts as a principal for outbound international mail and parcel services under a universal
service obligation. Revenue is recognized gross, while terminal dues payable to third parties (other
postal administrations) are reported as operating costs.
Contract costs
Incremental costs of obtaining a contract, for example, sales commissions, are capitalized if they
expect to be recovered. Incremental costs with an amortization period of one year or less are
expensed.
Costs to fulfill a contract are capitalized on the balance sheet and recognized as an expense during
the contract period if the criteria for capitalization are met. Costs need to relate directly to a contract,
generate or enhance resources to be used in satisfying the performance obligations of the contract,
and be recoverable. General or administrative costs are not capitalized.
Government grants
Government grants are recognized as income and presented under other operating income when
management has reasonable assurance that the grants will be received, and that the Group will
comply with all attached conditions. Some investment, product and business development grants are
presented in the statement of financial position by deducting the grant from the carrying amount of
the asset.
Employee benefits
The Group has several pension plans of which the majority relates to defined contribution plans. For
the defined contribution plans, the Group pays contributions to pension insurance plans on a
statutory or contractual basis. Contributions are recognized as employee benefit expenses on the
income statement when occurred. The Group has no further payment obligations once the
contributions have been paid.
The liability recognized in the balance sheet in respect of defined benefit pension plans is the present
value of the defined benefit obligation at the end of the reporting period, less the fair value of plan
assets. The defined benefit obligation is calculated annually by independent actuaries using the
projected unit credit method.
The present value of the defined benefit obligation is determined by discounting the estimated future
cash outflows using interest rates of high-quality corporate bonds that are denominated in the
currency in which the benefits will be paid, and that have terms approximating to the terms of the
related obligation.
The net interest cost is calculated by applying the discount rate to the net balance of the defined
benefit obligation and the fair value of plan assets. This cost is included in interest expense in the
income statement.
Remeasurement gains and losses arising from experience adjustments and changes in actuarial
assumptions are recognized in the period in which they occur, directly in other comprehensive
income. More information on the Group\u2019s defined benefit pension plans is presented in note Pension
liabilities.
Income taxes
Income tax expense in the consolidated income statement includes Group companies\u2019 current income
tax calculated on their taxable profit for the financial year using the applicable corporate income tax
rate for each jurisdiction based on local tax laws enacted or substantively enacted at the balance
sheet date, as well as any tax adjustments for previous financial years and changes in deferred tax
assets and liabilities attributable to temporary differences and to unused tax losses.
Deferred taxes are calculated on temporary differences arising between the tax basis of assets and
liabilities and their carrying amounts in the consolidated financial statements. The largest temporary
differences arise from intangible and tangible assets, defined benefit pension plans, unused tax losses,
provisions, and fair value adjustments related to acquisitions. Deferred taxes are determined using the
tax rates enacted or substantially enacted by the balance sheet date and which are expected to be
applied when the related deferred tax asset is realized, or deferred tax liability is settled. Posti applies
the temporary exception not to recognize deferred taxes with regard to Pillar 2 legislation.
A deferred tax asset is recognized to the extent that it appears probable that future taxable profit will
be available against which the temporary difference and losses can be utilized.
Deferred tax is not recorded on undistributed profits of subsidiaries, unless the distribution of profits
is probable in the foreseeable future and thus causes tax consequences.
The preparation of tax returns, transfer pricing and other tax-related issues may be subject to
interpretation and uncertainty. Each uncertain tax treatment is considered separately or together
depending on which approach predicts the uncertainty the best way. All these effects of uncertainties
are reflected in tax accounting when it is not probable that the tax authorities or courts will accept
treatments.
Current and deferred tax is recognized in profit or loss, except to the extent that it relates to items
recognized in other comprehensive income or directly in equity. In this case, the tax is also recognized
in other comprehensive income or directly in equity, respectively.
Intangible assets
Business combinations and goodwill
The acquisition method of accounting is used to account for all business combinations. The purchase
consideration for the acquisition of a subsidiary or business operation comprises the fair values of
cash consideration and contingent consideration arrangements. Any contingent consideration for a
business combination is estimated by calculating the present value of the future expected cash flows.
Contingent consideration is classified as a financial liability and presented under other payables. It is
subsequently remeasured at fair value with changes in fair value recognized in profit or loss.
Identifiable assets acquired, and liabilities and contingent liabilities assumed in a business
combination, are initially measured at their fair values at the acquisition date. The excess of the
purchase consideration over the Group\u2019s interest in the fair value of the net identifiable assets
acquired is recognized on the balance sheet as goodwill.
After initial recognition, goodwill is carried at cost less any accumulated impairment losses. Goodwill is
not amortized but is tested for impairment annually, or more frequently if events or changes in
circumstances indicate that the carrying value may be impaired. For the purposes of impairment
testing, goodwill is allocated to the cash generating units. The allocation is made to those cash
generating units or groups of cash generating units that are expected to benefit from the business
combination in which the goodwill arose. For more information on impairment testing, see below
Impairment testing and note Intangible assets.
Research and development
Research and development costs are primarily expensed as incurred. Only development costs arising
from new significant or substantially improved software products, service applications and enterprise
resource planning systems are capitalized as intangible assets. An asset is capitalized only if it is
technically and commercially feasible, the Group has the intention and resources to complete the
intangible asset and use or sell it, the expenditure attributable to the product during its development
can be reliably measured, and it is probable that the development asset will generate future economic
benefits. Capitalized development costs are recognized as intangible assets and amortized over the
assets\u2019 useful lives 3\u201310 years from the moment that they are ready for use. Material research and
development projects are reported as R&D expenses.
Other intangible assets
Separately acquired intangible assets, such as software licenses and applications, are initially
recognized at cost. Intangible assets acquired through business combinations, such as customer
portfolios, trademarks, acquired technology, are recognized at fair value at the acquisition date
comprising the amortizable acquisition cost. Useful lives are reassessed, and adjusted, if necessary if
estimates over their useful lives change.
Intangible rights in the balance sheet mainly comprise software solutions and licenses (where Posti
has the control) and customer portfolios and trademarks acquired through business combinations.
Software as a Service agreements are recognized as an expense or accrued in accordance with IFRIC
agenda decision. The Group\u2019s intangible rights have finite useful lives, over which period they are
amortized.
The expected useful lives are as follows:
Software solutions and licenses
3\u201315 years
Customer portfolios
5\u201310 years
Trademarks
3\u20135 years
Acquired technology
5 years
Property, plant and equipment
Property, plant and equipment (PPE) are carried at cost less any accumulated depreciation and
impairment losses. The initial cost of an asset includes the expenditure that is directly attributable to
the acquisition of the items such as purchase price, costs of bringing the asset into working condition
and installation costs. PPE are depreciated on a straight-line basis over their expected useful lives or,
in case of leased right-of-use asset, over the lease term. Land and water are not depreciated. Useful
lives are reassessed and adjusted, if necessary, if estimates over their useful lives change.
The Group\u2019s PPE comprises land and water areas, production and office buildings and structures,
machinery and equipment such as letter and parcel sorting machines, conveyors, vehicles and forklifts
as well as other tangible assets consisting of, for example, storage shelves, storage systems and parcel
lockers.
The expected useful lives are as follows:
Production buildings
15\u201350 years
Office buildings
25\u201340 years
Light structures
5\u201315 years
Equipment of buildings
3\u201320 years
Production equipment
3\u201313 years
Vehicles
3\u20135 years
Storage shelves and systems
5\u201313 years
Parcel lockers
3\u20137 years
Other tangible assets
3\u201310 years
If an asset under PPE constitutes several items with differing useful lives, each of them is accounted
for as a separate asset. In such a case, the cost of replacing the item is recognized as an asset.
Otherwise, subsequent costs, such as modernization and renovation project costs, are capitalized if it
is probable that the future economic benefits associated with the asset will flow to the Group and the
cost of the asset can be measured reliably. Regular repair, maintenance and service costs are
expensed as incurred.
Investment property
Investment property refers to land or buildings, or part thereof, that Posti holds for rental income or
capital appreciation. Investment property also includes land areas and properties held under
development for sale purposes. It is measured at cost less accumulated depreciation and impairment
losses. Environmental provisions and possible changes in the estimate affect the value of investment
properties. Investment property buildings are depreciated over their useful lives using the straight-line
method and land is not depreciated. Impairment losses are recognized in accordance with the
principles described under the section Impairment testing.
The expected useful lives are as follows:
Buildings
25\u201340 years
Equipment of buildings
3\u20138 years
Impairment testing
Goodwill and intangible or tangible assets not yet in use (for example, capitalized development
projects not yet completed) are not subject to amortization and are tested annually for impairment.
Testing can be performed more frequently if events or changes in circumstances indicate that the
asset might be impaired. Other long-lived assets that are depreciated during the useful life (for
example, right-of-use assets) are tested for impairment whenever events or changes in circumstances
indicate that the carrying amount may not be recoverable.
The recoverable amount is the higher of an asset\u2019s fair value less costs of disposal and value in use.
Value in use refers to estimated future net cash flows from an asset or a cash generating unit,
discounted to their present value. An impairment loss is recognized for the amount by which the
asset\u2019s carrying amount exceeds its recoverable amount.
For purposes of assessing impairment of goodwill, assets are grouped at the lowest level for which
there are separately identifiable cash inflows which are largely independent of the cash inflows from
other assets or groups of assets (cash generating units). Posti\u2019s cash generating units that form the
basis for goodwill impairment testing are presented in note Intangible assets.
For purposes of assessing impairments of investment property, assets form a separate cash-
generating unit.
Non-financial assets other than goodwill that suffered an impairment are reviewed for a possible
reversal of the impairment at the end of each reporting period.
Leases
Posti makes use of relief exemptions provided by the standard for leases for which the underlying
asset is of low value and short-term leases (12 months or less). These leases are not recognized on the
balance sheet. Part of rental contracts for premises, where Posti and the lessor both have termination
options within 12 months or less, are classified as short-term leases. Some key premises with short-
term lease contracts but with longer term use plans are, however, recognized on the balance sheet by
using a longer lease term than agreed in the lease contract.
For those leases recognized on the balance sheet, the lease liability is recognized at the present value
of the remaining lease payments, discounted using the interest rate implicit in the lease. Where the
rate is not available, Posti uses its incremental borrowing rate. Posti defines the rate separately for
each significant geographic area, contract term, and asset type.
Posti uses euro interest rate swap rates from the markets. Posti has defined three lease term length
range baskets and accordingly three market reference rates are applied. Additional legal entity
related margin reflects the financial standing of each lessee in the Group. The leased asset type is also
reflected, as the incremental borrowing rate is adjusted downward in lease contracts for premises.
Termination or extension options can be related to a lease contract. The matter is presented below in
the chapter Critical accounting estimates and judgments in applying accounting policies.
Cash payments for the principal portion of the lease liability are classified within the cash flow from
financing activities and only the payments that reflect interest are presented as cash flows from
operating activities. For those leases which are not recognized on the balance sheet, the lease
expense is classified within the cash flow from operating activities.
Especially in cases of long-term premise lease contracts, accounting values are subject to changes if
the lease contract terms are changed or otherwise Posti makes reassessments to the contents of the
lease contract. Changed rental payments, changes in the length of the lease term or changes in the
assessment of the lease term or other essential changes are adjusted in accounting in lease liability
and right-of-use asset.
Most of the balance sheet value generated from leasing arrangements are lease contracts for
premises. These contracts are typically subject to annual lease amount increases. By number of lease
contracts, most leases are connected to leased vehicles, in which the monthly lease amount is typically
stable during the entire lease term. Vehicle lease contract often include service fee components in
addition to capital rent. Service fees are not recognized in balance sheet value of lease contracts but
only the pure capital rent is included. Service fees are recognized as incurred.
Inventories
The Group\u2019s inventories comprise stamps, packaging materials, retail goods and production material,
such as paper and envelopes. Inventories are valued on a weighted average cost basis and carried at
the lower of cost or net realizable value. Cost includes all direct expenditure attributable to the
inventories. Net realizable value represents the estimated selling price less all estimated costs of
completion and costs to be incurred in selling and distribution.
Financial assets and liabilities
Financial assets
The Group classifies its financial assets into the following categories: those measured at amortized
cost and those measured at fair value through profit or loss. The classification is based on the Group\u2019s
business model for managing financial assets and the contractual terms of cash flows. Financial
assets, whose business model is to hold the assets until maturity for collection of contractual cash
flows where those cash flows solely represent payments of principal and interest, are measured at
amortized cost. Other financial assets are measured at fair value through profit or loss.
Financial assets are recognized and derecognized at the settlement date. The Group derecognizes a
financial asset when its contractual right to cash flows from the asset has expired or is forfeited, or it
has transferred substantially all risks and rewards outside the Group. Any gain or loss arising from the
derecognition of a financial asset is recognized directly in profit or loss and presented in finance
income or expenses (or in other operative income or expenses for trade receivables), together with
foreign exchange gains and losses.
Financial assets at amortized cost
Financial assets at amortized cost include investments in bonds and money-market investments as
well as trade receivables and other receivables. Interest income from these financial assets is included
in financial income using the effective interest rate method.
The Group assesses expected credit losses associated with its debt instruments carried at amortized
cost on a forward-looking basis. The impairment methodology applied depends on whether there has
been a significant increase in credit risk. For low credit risk bond investments, the Group applies a low
credit risk exemption, where the loss allowance recognized is limited to 12 months expected credit
losses. The changes in loss allowance are presented under other financial expenses.
For trade receivables, the Group applies a simplified loss allowance matrix approach whereby the
impairment loss is measured over the life of the asset unless the asset is already written off. Loss
allowances are estimated based on a forward-looking model where estimated probabilities of
customer default are used in the calculation model. Days of overdue effect the percentage of loss
allowance used. A 100 percent loss allowance is recognized for all trade receivables, which are 180 or
more days overdue. Write-offs are based on indicators that there is no reasonable expectation of
recovery, for example, due to a failure to make contractual payments or bankruptcy. The changes in
loss allowance and loss from write-offs are presented in other operating expenses.
Financial assets at fair value through profit or loss
The Group classifies investments in equity instruments as financial assets at fair value through profit
or loss. This category includes unlisted shares. Changes in the fair value of investments in equity
instruments are recognized in financial income or expenses at each balance sheet date.
Also, derivatives for which hedge accounting is not applied are included in the financial assets at fair
value through profit or loss. For these derivatives, realized and unrealized gains and losses from
changes in fair values are recognized in the income statement in the period in which they have arisen.
Financial liabilities
The Group classifies its financial liabilities either as financial liabilities at amortized cost or financial
liabilities at fair value through profit or loss.
Financial liabilities at amortized cost
Non-derivative financial liabilities are classified as financial liabilities at amortized cost. They are
initially recognized at fair value based on the consideration received. Transaction costs are included in
the initial carrying amount of financial liabilities. Subsequently, financial liabilities, except for derivative
liabilities, are measured at amortized cost using the effective interest rate method.
Financial liabilities at fair value through profit or loss
Financial liabilities at fair value through profit or loss include derivatives for which hedge accounting is
not applied. For these derivatives, realized and unrealized gains and losses from changes in fair values
are recognized in the income statement in the period in which they have arisen.
Derivative contracts
Derivatives are initially recognized at fair value on the date a derivative contract is entered into and
subsequently remeasured to their fair value at each balance sheet date. Gains or losses arising from
valuation at fair value is recognized in accordance with the derivative contract\u2019s purpose of use.
For certain derivative instruments while entered into for risk management purposes, hedge
accounting is not applied. Such derivatives include currency derivatives hedging against foreign
exchange risk of currency denominated receivables and liabilities. For these contracts, changes in
their fair value are recognized through profit or loss and presented in financial items or other
operating income or expenses, depending on the purpose of hedging.
Posti has assessed that the electricity purchase and the price-secured electricity products can be
treated as a single accounting unit, and that they are closely linked derivatives that depend on the
electricity purchase contract. Accordingly, electricity derivatives have not been presented in the
balance sheet at fair value, but the Group has applied the own-use exception provided for in IFRS 9.
Cash and cash equivalents
Cash comprises cash on hand and demand deposits. Cash equivalents consist of other short-term,
highly liquid investments that can be easily exchanged for a pre-determined amount of cash, and
which are subject to an insignificant risk of changes in value. The money-market investments classified
as the Group\u2019s cash and cash equivalents have a maximum maturity of three months at the
acquisition.
Fair Value Measurement
The Group measures derivatives, investments in equity assets as well as assets and liabilities acquired
through a business combination at fair value.
All assets and liabilities for which fair value is measured or disclosed in the financial statements are
categorized within the fair value hierarchy as follows:
Level 1: Fair values are based on the quoted prices of identical asset or liabilities in active markets.
Level 2: Fair values are, to a significant degree, based on data other than quoted prices included in
Level 1, but on data that are either directly or indirectly observable for the asset or liability in question.
To determine the fair value of these instruments, the Group uses generally accepted valuation models
that are, to a significant degree, based on observable market data.
Level 3: Fair values are based on data regarding the asset group or liability that is not based on
observable market data.
For assets and liabilities that are recognized in the financial statements on a recurring basis, the
Group determines whether transfers have occurred between Levels in the hierarchy by reassessing
the categorization (based on the lowest level input that is significant to the fair value measurement as
a whole) at the end of each reporting period.
Provisions and contingent liabilities
A provision is recognized when the Group has a present legal or constructive obligation as a result of
past events, it is probable that an outflow of resources will be required to settle the obligation, and a
reliable estimate of the amount of the obligation can be made. Provisions for restructuring are
recognized when the related, detailed and official plan has been approved and disclosed.
Provisions are measured at the present value of management\u2019s best estimate of the expenditure
required to settle the present obligation at the end of reporting period. The discount rate used to
determine the present value is a pre-tax rate that reflects current market assessment of the time
value of money and the risks specific to the liability. The increase in the provision due to the passage
of time is recognized as interest expense.
Contingent liabilities represent possible obligations whose existence will be confirmed only by the
occurrence, or non-occurrence, of one or more uncertain future events not wholly within the control
of the Group. Contingent liabilities also include obligations that will most likely not require the
fulfillment of a payment obligation or the amount of which cannot be reliably determined. Contingent
liabilities are disclosed in the notes to the consolidated financial statements.
Critical accounting estimates and judgments in applying accounting policies
Preparing the consolidated financial statements in compliance with IFRS Accounting Standards
requires the Group\u2019s management to make certain estimates and judgments in applying accounting
policies. These estimates and assumptions are based on the management\u2019s best knowledge of current
events and circumstances, but the actuals may differ from the estimates and assumptions stated in
the financial statements. Areas involving a higher degree of judgment or complexity, and of items
which are more likely to be materially adjusted due to estimates and assumptions turning out to be
wrong, are disclosed below.
Goodwill impairment testing
Goodwill, as well as other assets, are tested for impairment annually or more often if indicators of
potential impairment exist.
The determination of impairments of goodwill and other intangible assets involves the use of
estimates that include, but are not limited to, the cause, timing, and amount of the impairment.
Impairment, or its reversal, can be based on a large number of factors, such as changes in current
competitive conditions, expectations of growth in Posti\u2019s businesses, increased cost of capital,
technological obsolescence, discontinuance of services, current replacement costs, prices paid in
comparable transactions, and other changes in circumstances that indicate an impairment exists. The
identification of impairment indicators, as well as the estimation of future cash flows and the
determination of fair values for assets (or groups of assets), require management to make significant
judgments concerning the identification and validation of impairment indicators, expected cash flows,
applicable discount rates, useful lives, and residual values. When determining the values in use for the
cash generating units, additional planning uncertainties are factored in that reflect the risks of
macroeconomic development, which could adversely affect future results of operations.
The most significant assumptions in goodwill impairment testing comprise growth in net sales,
development of operative result, determination of the discount rate (WACC), and long-term growth
rate used after the forecast period.
Uncertainty regarding deferred tax assets
Deferred tax assets are recognized to the extent that it is probable that future taxable amounts will
be available to utilize the underlying temporary differences and losses. Significant judgment is
required to determine the amount that can be recognized and depends foremost on the expected
timing and level of taxable profits as well as potential tax planning opportunities. The judgment relates
specifically to tax losses carried forward in some of Posti\u2019s foreign subsidiaries and whether these
losses can be utilized. Posti assesses at each balance sheet date the expected utilization of deferred
tax assets considering the likelihood of (a) expected future taxable profits and (b) positions taken in
tax returns being sustained.
When an entity has a history of recent losses, the deferred tax asset arising from unused tax losses is
recognized only to the extent that there is convincing evidence that sufficient future taxable profit will
be generated. Estimated future taxable profit is not considered as convincing evidence unless the
entity has demonstrated the ability to generate significant taxable profit for the current year or there
are certain other events providing sufficient evidence of future taxable profit. Uncertainty related to
new transactions and events and the interpretation of new tax rules may also affect these judgments.
Provisions
Restructuring provisions are primarily related to the change negotiations conducted in recent years. A
significant portion of the long-term personnel expense provisions in the Group's Finnish companies is
the employer's liability component within the unemployment insurance contribution towards the
Unemployment Insurance Fund.
Land use compensation and environmental liability presented as a provision in the balance sheet
includes the part of the liability that meets the criteria of recognition. Total liability related to the
development of Etel\u00e4inen Postipuisto area needs to be considered together with the environmental
liability presented in the other contingent liabilities. Posti\u2019s estimate on the total amount and timing of
expenses required to fulfill the responsibilities of Posti to clean the area for future use in residential
building is subject to significant uncertainties. The cleaning of the area is done together with the City
of Helsinki, and discussions are continuous to follow the progress and the changes in the estimates.
Lease term determination and assessments on termination and extension options
If a lease contract does not contain an option clause, Posti will not make judgments on a lease
contract extension or early termination. In case the contract includes a termination or extension
option, Posti considers all relevant facts and circumstances that create an economic incentive for the
lessee to exercise or not to exercise the option, including any expected changes in facts and
circumstances from the commencement date until the exercise date of the option. Posti makes a
judgment for each lease contract on whether to exercise an option or not, and the related recognition
to increase or decrease the accounting lease liability.
Leases and short-term judgment
Posti makes use of the relief exemptions provided by the standard for leases for which the underlying
asset is of low value and short-term leases (12 months or less). These leases are not recognized on
balance sheet. Part of the rental contracts for premises, where Posti and the lessor both have
termination options within 12 months or less, are classified as short-term leases.
Some key premises with short-term lease contracts but with longer term use plans are, however,
recognized on the balance sheet by using a longer lease term than agreed in the lease contract.
Changes in standards not yet effective
The Group will apply the new or amended standards as they become effective.
IFRS 18 Presentation and Disclosure in Financial Statements
On April 9, 2024, the IASB published the new IFRS 18 Accounting Standard (effective from January 1,
2027). The standard replaces the current IAS 1 Presentation of Financial Statements, and it amends
several other IFRS Accounting Standards, such as IAS 7 Statement of Cash Flows and IAS 8 Accounting
Policies, Changes in Accounting Estimates and Errors.
The standard includes:
\u2022 new required amounts, subtotals and categories in the income statement,
\u2022 new requirements for the provision of information on numbers that describe performance defined
by the management, and
\u2022 new principles for combining and disaggregating the information presented.
Posti is in the process of determining the impact of applying IFRS 18 on the Group. The Group has
prepared a transition plan and is on track to report the first IFRS 18-compliant interim financial
statements for the period ending March 31, 2027 and annual financial statements for the period
ending December 31, 2027.
The key changes to Posti identified in the preliminary analysis are described in the following
paragraphs.
New Income Statement categories
The income statement\u2019s result before income tax will include three categories: operating, investing
and financing. Below \u201cOperating result\u201d, a new subtotal \u201cResult before financing and income tax\u201d will
be presented. The new subtotal will include Net income from investment properties and Net income
from other investments.
Currently, Net income from investment property is included in the items belonging to the Operating
result. As follows, expense and income related to Posti investment property, such as rental income,
possible sale results and depreciation and impairments will be excluded from the Operating result.
Currently, the Operating result includes smaller amounts of rental income and related expenses as
well as depreciation on the former headquarters (see note Investment Property). In the future Posti
expects to recognize results from the sale of, for example, Etel\u00e4inen Postipuisto.
Net income from other investments is currently included in finance income. According to IFRS 18 they
will be presented in the investing category, before the new subtotal \u201cResult before financing and
income tax\u201d. It contains income and expenses from investments in debt and equity instruments as
well as income from cash and cash equivalents.
Net expense from borrowings will be included in the financing category in Result before income tax. It
contains items now reported in Finance expenses, such as expense and income on loans and other
instruments used for the Group\u2019s financing purposes, as well as interest expense on lease liabilities
and defined benefit pension liabilities.
Changes to the presentation of Statement of Cash Flows
The presentation choice on paid interests is removed and those will be presented in cash flow from
financing activities (increasing the cash flow from operating activities from the current presentation).
Interests received and net income from investment property will be included in cash flow from
investing activities (both decreasing cash flow from operating activities).
The presentation of Statement of Cash Flows will start from the Operating result instead of the Result
for the period.
Management-defined performance measures
Management-defined performance measures, such as adjusted EBIT and adjusted EBITDA, will be
included in the Financial Statements. As a result, reconciliations to the Income Statement IFRS-
subtotals will be presented.
Other IFRS Standard or Interpretation changes
Other IFRS Accounting Standards or IFRIC interpretations coming into force in the future which the
Group is aware of are not estimated to have a material impact on the Group's Financial Statements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-270": { "value": "
Posti\u2019s Consolidated Financial Statements are prepared in accordance with the International Financial
Reporting Standards as issued by the IASB (IFRS Accounting Standards), and adopted by the European
Union (EU), in addition to related interpretation of the IFRS interpretation committee (IFRICs). The
Consolidated Financial Statements are also in compliance with Finnish accounting and company
legislation.
", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-272": { "value": "
Application of new or amended IFRS Accounting Standards
The amendments to IFRS Accounting Standards or IFRIC interpretations effective from January 1,
2025, had no material impact on the Group\u2019s Financial Statements.
Changes in standards not yet effective
The Group will apply the new or amended standards as they become effective.
IFRS 18 Presentation and Disclosure in Financial Statements
On April 9, 2024, the IASB published the new IFRS 18 Accounting Standard (effective from January 1,
2027). The standard replaces the current IAS 1 Presentation of Financial Statements, and it amends
several other IFRS Accounting Standards, such as IAS 7 Statement of Cash Flows and IAS 8 Accounting
Policies, Changes in Accounting Estimates and Errors.
The standard includes:
\u2022 new required amounts, subtotals and categories in the income statement,
\u2022 new requirements for the provision of information on numbers that describe performance defined
by the management, and
\u2022 new principles for combining and disaggregating the information presented.
Posti is in the process of determining the impact of applying IFRS 18 on the Group. The Group has
prepared a transition plan and is on track to report the first IFRS 18-compliant interim financial
statements for the period ending March 31, 2027 and annual financial statements for the period
ending December 31, 2027.
The key changes to Posti identified in the preliminary analysis are described in the following
paragraphs.
New Income Statement categories
The income statement\u2019s result before income tax will include three categories: operating, investing
and financing. Below \u201cOperating result\u201d, a new subtotal \u201cResult before financing and income tax\u201d will
be presented. The new subtotal will include Net income from investment properties and Net income
from other investments.
Currently, Net income from investment property is included in the items belonging to the Operating
result. As follows, expense and income related to Posti investment property, such as rental income,
possible sale results and depreciation and impairments will be excluded from the Operating result.
Currently, the Operating result includes smaller amounts of rental income and related expenses as
well as depreciation on the former headquarters (see note Investment Property). In the future Posti
expects to recognize results from the sale of, for example, Etel\u00e4inen Postipuisto.
Net income from other investments is currently included in finance income. According to IFRS 18 they
will be presented in the investing category, before the new subtotal \u201cResult before financing and
income tax\u201d. It contains income and expenses from investments in debt and equity instruments as
well as income from cash and cash equivalents.
Net expense from borrowings will be included in the financing category in Result before income tax. It
contains items now reported in Finance expenses, such as expense and income on loans and other
instruments used for the Group\u2019s financing purposes, as well as interest expense on lease liabilities
and defined benefit pension liabilities.
Changes to the presentation of Statement of Cash Flows
The presentation choice on paid interests is removed and those will be presented in cash flow from
financing activities (increasing the cash flow from operating activities from the current presentation).
Interests received and net income from investment property will be included in cash flow from
investing activities (both decreasing cash flow from operating activities).
The presentation of Statement of Cash Flows will start from the Operating result instead of the Result
for the period.
Management-defined performance measures
Management-defined performance measures, such as adjusted EBIT and adjusted EBITDA, will be
included in the Financial Statements. As a result, reconciliations to the Income Statement IFRS-
subtotals will be presented.
Other IFRS Standard or Interpretation changes
Other IFRS Accounting Standards or IFRIC interpretations coming into force in the future which the
Group is aware of are not estimated to have a material impact on the Group's Financial Statements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-271": { "value": "
Application of new or amended IFRS Accounting Standards
The amendments to IFRS Accounting Standards or IFRIC interpretations effective from January 1,
2025, had no material impact on the Group\u2019s Financial Statements.
Changes in standards not yet effective
The Group will apply the new or amended standards as they become effective.
IFRS 18 Presentation and Disclosure in Financial Statements
On April 9, 2024, the IASB published the new IFRS 18 Accounting Standard (effective from January 1,
2027). The standard replaces the current IAS 1 Presentation of Financial Statements, and it amends
several other IFRS Accounting Standards, such as IAS 7 Statement of Cash Flows and IAS 8 Accounting
Policies, Changes in Accounting Estimates and Errors.
The standard includes:
\u2022 new required amounts, subtotals and categories in the income statement,
\u2022 new requirements for the provision of information on numbers that describe performance defined
by the management, and
\u2022 new principles for combining and disaggregating the information presented.
Posti is in the process of determining the impact of applying IFRS 18 on the Group. The Group has
prepared a transition plan and is on track to report the first IFRS 18-compliant interim financial
statements for the period ending March 31, 2027 and annual financial statements for the period
ending December 31, 2027.
The key changes to Posti identified in the preliminary analysis are described in the following
paragraphs.
New Income Statement categories
The income statement\u2019s result before income tax will include three categories: operating, investing
and financing. Below \u201cOperating result\u201d, a new subtotal \u201cResult before financing and income tax\u201d will
be presented. The new subtotal will include Net income from investment properties and Net income
from other investments.
Currently, Net income from investment property is included in the items belonging to the Operating
result. As follows, expense and income related to Posti investment property, such as rental income,
possible sale results and depreciation and impairments will be excluded from the Operating result.
Currently, the Operating result includes smaller amounts of rental income and related expenses as
well as depreciation on the former headquarters (see note Investment Property). In the future Posti
expects to recognize results from the sale of, for example, Etel\u00e4inen Postipuisto.
Net income from other investments is currently included in finance income. According to IFRS 18 they
will be presented in the investing category, before the new subtotal \u201cResult before financing and
income tax\u201d. It contains income and expenses from investments in debt and equity instruments as
well as income from cash and cash equivalents.
Net expense from borrowings will be included in the financing category in Result before income tax. It
contains items now reported in Finance expenses, such as expense and income on loans and other
instruments used for the Group\u2019s financing purposes, as well as interest expense on lease liabilities
and defined benefit pension liabilities.
Changes to the presentation of Statement of Cash Flows
The presentation choice on paid interests is removed and those will be presented in cash flow from
financing activities (increasing the cash flow from operating activities from the current presentation).
Interests received and net income from investment property will be included in cash flow from
investing activities (both decreasing cash flow from operating activities).
The presentation of Statement of Cash Flows will start from the Operating result instead of the Result
for the period.
Management-defined performance measures
Management-defined performance measures, such as adjusted EBIT and adjusted EBITDA, will be
included in the Financial Statements. As a result, reconciliations to the Income Statement IFRS-
subtotals will be presented.
Other IFRS Standard or Interpretation changes
Other IFRS Accounting Standards or IFRIC interpretations coming into force in the future which the
Group is aware of are not estimated to have a material impact on the Group's Financial Statements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-273": { "value": "
Climate-related issues
Posti's climate targets require investments in accordance with the clean fleet roadmap. From an
overall economic perspective, these do not require significant additional investments, as the fleet will
be renewed and replaced with a new type during the remaining service life of the existing fleet. The
most important climate-related issues and financial risks are related to the availability and
accessibility of green vehicles, fuels, charging infrastructure and energy. The above-mentioned issues
have been taken into account in the forecasts and, in particular, in the impairment testing, based on
the best information and estimates. Climate-related issues may have an impact on the profitability
and impairment calculations of future years as the climate target years approach. Posti's goal is to
operate fossil-free by 2030 and achieve net-zero emissions by 2040. The margins of Posti's loan
arrangements are tied to sustainability targets. However, their impact on total interest expenses is
minor.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEnvironmentRelatedExpenseExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-274": { "value": "
Consolidation Principles
Subsidiaries
The Consolidated Financial Statements include the Parent Company, Posti Group Corporation, and all
its subsidiaries. Subsidiaries are entities over which the Group has control. Control exists, directly or
indirectly, if the Group has decision-making powers, is exposed to, and has rights to, variable returns,
and is able to use its decision-making powers to affect the amount of the variable returns. Subsidiaries
are consolidated from the date on which the Group is able to exercise control and are unconsolidated
from the date that control ceases.
The acquisition method of accounting is used to account for business combinations.
All intercompany transactions, assets and liabilities, distribution of profits and unrealized gains on
transactions between group companies are eliminated in the consolidated accounts.
Joint operations
Posti has investments in mutual real estate companies. These investments are accounted for as joint
operations. Posti\u2019s direct share of the assets, liabilities, income and expenses in these arrangements is
recognized in the consolidated financial statements under the appropriate headings.", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-275": { "value": "
Subsidiaries
The Consolidated Financial Statements include the Parent Company, Posti Group Corporation, and all
its subsidiaries. Subsidiaries are entities over which the Group has control. Control exists, directly or
indirectly, if the Group has decision-making powers, is exposed to, and has rights to, variable returns,
and is able to use its decision-making powers to affect the amount of the variable returns. Subsidiaries
are consolidated from the date on which the Group is able to exercise control and are unconsolidated
from the date that control ceases.
The acquisition method of accounting is used to account for business combinations.
All intercompany transactions, assets and liabilities, distribution of profits and unrealized gains on
transactions between group companies are eliminated in the consolidated accounts.
Joint operations
Posti has investments in mutual real estate companies. These investments are accounted for as joint
operations. Posti\u2019s direct share of the assets, liabilities, income and expenses in these arrangements is
recognized in the consolidated financial statements under the appropriate headings.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-278": { "value": "
Subsidiaries
The Consolidated Financial Statements include the Parent Company, Posti Group Corporation, and all
its subsidiaries. Subsidiaries are entities over which the Group has control. Control exists, directly or
indirectly, if the Group has decision-making powers, is exposed to, and has rights to, variable returns,
and is able to use its decision-making powers to affect the amount of the variable returns. Subsidiaries
are consolidated from the date on which the Group is able to exercise control and are unconsolidated
from the date that control ceases.
The acquisition method of accounting is used to account for business combinations.
All intercompany transactions, assets and liabilities, distribution of profits and unrealized gains on
transactions between group companies are eliminated in the consolidated accounts.
Business combinations and goodwill
The acquisition method of accounting is used to account for all business combinations. The purchase
consideration for the acquisition of a subsidiary or business operation comprises the fair values of
cash consideration and contingent consideration arrangements. Any contingent consideration for a
business combination is estimated by calculating the present value of the future expected cash flows.
Contingent consideration is classified as a financial liability and presented under other payables. It is
subsequently remeasured at fair value with changes in fair value recognized in profit or loss.
Identifiable assets acquired, and liabilities and contingent liabilities assumed in a business
combination, are initially measured at their fair values at the acquisition date. The excess of the
purchase consideration over the Group\u2019s interest in the fair value of the net identifiable assets
acquired is recognized on the balance sheet as goodwill.
After initial recognition, goodwill is carried at cost less any accumulated impairment losses. Goodwill is
not amortized but is tested for impairment annually, or more frequently if events or changes in
circumstances indicate that the carrying value may be impaired. For the purposes of impairment
testing, goodwill is allocated to the cash generating units. The allocation is made to those cash
generating units or groups of cash generating units that are expected to benefit from the business
combination in which the goodwill arose. For more information on impairment testing, see below
Impairment testing and note Intangible assets.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-277": { "value": "
Subsidiaries
The Consolidated Financial Statements include the Parent Company, Posti Group Corporation, and all
its subsidiaries. Subsidiaries are entities over which the Group has control. Control exists, directly or
indirectly, if the Group has decision-making powers, is exposed to, and has rights to, variable returns,
and is able to use its decision-making powers to affect the amount of the variable returns. Subsidiaries
are consolidated from the date on which the Group is able to exercise control and are unconsolidated
from the date that control ceases.
The acquisition method of accounting is used to account for business combinations.
All intercompany transactions, assets and liabilities, distribution of profits and unrealized gains on
transactions between group companies are eliminated in the consolidated accounts.
Business combinations and goodwill
The acquisition method of accounting is used to account for all business combinations. The purchase
consideration for the acquisition of a subsidiary or business operation comprises the fair values of
cash consideration and contingent consideration arrangements. Any contingent consideration for a
business combination is estimated by calculating the present value of the future expected cash flows.
Contingent consideration is classified as a financial liability and presented under other payables. It is
subsequently remeasured at fair value with changes in fair value recognized in profit or loss.
Identifiable assets acquired, and liabilities and contingent liabilities assumed in a business
combination, are initially measured at their fair values at the acquisition date. The excess of the
purchase consideration over the Group\u2019s interest in the fair value of the net identifiable assets
acquired is recognized on the balance sheet as goodwill.
After initial recognition, goodwill is carried at cost less any accumulated impairment losses. Goodwill is
not amortized but is tested for impairment annually, or more frequently if events or changes in
circumstances indicate that the carrying value may be impaired. For the purposes of impairment
testing, goodwill is allocated to the cash generating units. The allocation is made to those cash
generating units or groups of cash generating units that are expected to benefit from the business
combination in which the goodwill arose. For more information on impairment testing, see below
Impairment testing and note Intangible assets.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-276": { "value": "
Subsidiaries
The Consolidated Financial Statements include the Parent Company, Posti Group Corporation, and all
its subsidiaries. Subsidiaries are entities over which the Group has control. Control exists, directly or
indirectly, if the Group has decision-making powers, is exposed to, and has rights to, variable returns,
and is able to use its decision-making powers to affect the amount of the variable returns. Subsidiaries
are consolidated from the date on which the Group is able to exercise control and are unconsolidated
from the date that control ceases.
The acquisition method of accounting is used to account for business combinations.
All intercompany transactions, assets and liabilities, distribution of profits and unrealized gains on
transactions between group companies are eliminated in the consolidated accounts.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-280": { "value": "
Joint operations
Posti has investments in mutual real estate companies. These investments are accounted for as joint
operations. Posti\u2019s direct share of the assets, liabilities, income and expenses in these arrangements is
recognized in the consolidated financial statements under the appropriate headings.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-279": { "value": "
Joint operations
Posti has investments in mutual real estate companies. These investments are accounted for as joint
operations. Posti\u2019s direct share of the assets, liabilities, income and expenses in these arrangements is
recognized in the consolidated financial statements under the appropriate headings.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-281": { "value": "
Foreign currency translation
Functional and presentation currency
Items included in the financial statements of each of the Group\u2019s entities are measured using the
currency of the primary economic environment in which the entity operates (the \u201cfunctional
currency\u201d). The consolidated financial statements are presented in euros, which is the functional and
presentation currency of the Group.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-282": { "value": "
Transactions and balances
Transactions denominated in foreign currencies are translated into the functional currency using the
exchange rate at the date of the transaction. Monetary items in the balance sheet denominated in
foreign currencies are translated into functional currency using the exchange rate at the balance
sheet date and non-monetary items using the exchange rate at the transaction date, excluding items
measured at fair value in a foreign currency which are translated using the exchange rate at the date
when the fair value was determined. Foreign exchange gains and losses arising from business
operations are presented in the income statement under the respective items above operating profit.
Foreign exchange gains and losses that relate to financing activities are presented in the income
statement within financial income and financial expenses except for the long-term intercompany
loans that are attributable to the net investment in foreign entities of which exchange rate differences
are recognized in other comprehensive income.
Subsidiaries
If the subsidiaries\u2019 functional currency differs from the Group\u2019s presentation currency, their income
statements and statement of comprehensive income are translated into euros using the average
exchange rates for the financial year, and their balance sheets using the exchange rates at the closing
rate at the balance sheet date. All resulting translation differences are recognized in other
comprehensive income.
On consolidation, exchange differences arising from the translation of the net investment, including
net investment loans to the subsidiary, are recognized in other comprehensive income. When a
foreign entity is disposed of, the associated translation differences are reclassified through profit or
loss, as part of gain or loss on disposal.
Goodwill and fair value adjustments arising on the acquisition of a foreign operation are treated as
assets and liabilities of the foreign operation and translated into euros using the rate at the balance
sheet date.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-283": { "value": "
Revenue recognition
The Group\u2019s revenue is mostly generated by rendering of short-term sorting and delivery services,
warehouse, and logistics services. Framework type agreements do not represent customer contracts
as defined in the IFRS 15 standard but needs to be combined with a service order confirmation made
by the customer.
Revenue of the performance obligations is recognized either over time or at a point in time,
depending on how Posti transfers control to the customer as it satisfies performance obligations of
the customer contracts. Generally, the revenue is recognized over time when the service is rendered.
Services that Posti provides are done within a day or days, meaning that only a minor part is on the
way or in the process at the period end. Revenue for the sale of goods comprising various packaging
materials, stationary products and office supplies is recognized at a point in time when the customer
makes the purchase, and the product is sold.
At contract inception, the Group assesses the services promised in the contract with a customer to
identify performance obligations. A performance obligation can be either a promise to transfer to the
customer a distinct good or service or a series of distinct goods or services.
Some contracts include variable considerations of the transaction price, such as volume discounts or
service level bonuses and sanctions. Variable consideration is included in the transaction price using
the expected value or most likely amount method, to the extent that it is highly probable that a
significant reversal will not occur.
Posti applies the practical expedient where no adjustments to the transaction prices are made for the
time value of money, since the period between the transfer of the promised services to the customer
and payment by the customer does not exceed one year.
Net sales comprise the revenue generated by the sale of goods and services net of value added taxes,
discounts, service level related and other refunds to customers.
eCommerce and Delivery Services
The eCommerce and Delivery Services segment offers parcel delivery services and groupage freight
services. Revenue for eCommerce and Delivery Services is recognized over time as Posti satisfies
performance obligations. The performance obligation is to transport parcel or freight from the
dispatch point to the agreed delivery point. The transaction price is based, among other things, on the
size, weight and distance of the parcel or cargo being transported, as well as on possible additional
services such delivery method and time. Main product and additional services are usually combined
as a one performance obligation. For services not completed at the end of the reporting period, the
progress of performance is estimated and revenue recognized, if the amounts are material.
Fulfillment and Logistics Services
Fulfillment and Logistics Services covers contract logistics and in-house logistics services. Fulfillment
and Logistics Services revenue is recognized as the service is being provided. Performance obligations
include reception, handling and storage of goods, order picking, packing and dispatching, and
warehouse accounting. The transaction price is based on the number of work unit occurrences and
the space used for the customer\u2019s goods. The transaction price for other staffing services is based on
the work performance. Based on management assessment, its customer contracts do not contain a
lease contract as the customer has no control over the warehouse space and where their products
are located in the warehouse.
Postal Services
Postal Services offers delivery services, multichannel services and digital services, which cover, among
others, letters (both corporate and consumer letters), multichannel messaging solutions, newspaper
and magazine delivery as well as addressed direct marketing services. Performance obligations are,
for example, delivery of a postcard, letter, magazine or digital message. As a rule, revenue for postal
services is recognized over time as the Group satisfies performance obligations. For services not
completed at the end of the reporting period, the progress of performance is estimated and revenue
recognized.
Revenue for certain prepaid services, including stamps, franking machines, and prepaid envelopes, is
recognized based on their estimated usage. Estimated usage is based on statistical models.
Unperformed services are accrued as a contract liability on the balance sheet. Deferred revenue is
presented on the balance sheet as a current liability. The Group uses external specialists to develop,
assess and update the statistical revenue recognition model.
Commissions for selling stamps to retailers are recognized as an expense when Posti has performed
the prepaid service. Accordingly, sales commissions estimated to relate to unused stamps, which are
paid in advance to retailers, are recognized as receivables on the balance sheet and recognized as an
expense when the related revenue is recognized in net sales.
The Group acts as a principal for outbound international mail and parcel services under a universal
service obligation. Revenue is recognized gross, while terminal dues payable to third parties (other
postal administrations) are reported as operating costs.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-284": { "value": "
eCommerce and Delivery Services
The eCommerce and Delivery Services segment offers parcel delivery services and groupage freight
services. Revenue for eCommerce and Delivery Services is recognized over time as Posti satisfies
performance obligations. The performance obligation is to transport parcel or freight from the
dispatch point to the agreed delivery point. The transaction price is based, among other things, on the
size, weight and distance of the parcel or cargo being transported, as well as on possible additional
services such delivery method and time. Main product and additional services are usually combined
as a one performance obligation. For services not completed at the end of the reporting period, the
progress of performance is estimated and revenue recognized, if the amounts are material.
Fulfillment and Logistics Services
Fulfillment and Logistics Services covers contract logistics and in-house logistics services. Fulfillment
and Logistics Services revenue is recognized as the service is being provided. Performance obligations
include reception, handling and storage of goods, order picking, packing and dispatching, and
warehouse accounting. The transaction price is based on the number of work unit occurrences and
the space used for the customer\u2019s goods. The transaction price for other staffing services is based on
the work performance. Based on management assessment, its customer contracts do not contain a
lease contract as the customer has no control over the warehouse space and where their products
are located in the warehouse.
Postal Services
Postal Services offers delivery services, multichannel services and digital services, which cover, among
others, letters (both corporate and consumer letters), multichannel messaging solutions, newspaper
and magazine delivery as well as addressed direct marketing services. Performance obligations are,
for example, delivery of a postcard, letter, magazine or digital message. As a rule, revenue for postal
services is recognized over time as the Group satisfies performance obligations. For services not
completed at the end of the reporting period, the progress of performance is estimated and revenue
recognized.
Revenue for certain prepaid services, including stamps, franking machines, and prepaid envelopes, is
recognized based on their estimated usage. Estimated usage is based on statistical models.
Unperformed services are accrued as a contract liability on the balance sheet. Deferred revenue is
presented on the balance sheet as a current liability. The Group uses external specialists to develop,
assess and update the statistical revenue recognition model.
Commissions for selling stamps to retailers are recognized as an expense when Posti has performed
the prepaid service. Accordingly, sales commissions estimated to relate to unused stamps, which are
paid in advance to retailers, are recognized as receivables on the balance sheet and recognized as an
expense when the related revenue is recognized in net sales.
The Group acts as a principal for outbound international mail and parcel services under a universal
service obligation. Revenue is recognized gross, while terminal dues payable to third parties (other
postal administrations) are reported as operating costs.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-285": { "value": "
Contract costs
Incremental costs of obtaining a contract, for example, sales commissions, are capitalized if they
expect to be recovered. Incremental costs with an amortization period of one year or less are
expensed.
Costs to fulfill a contract are capitalized on the balance sheet and recognized as an expense during
the contract period if the criteria for capitalization are met. Costs need to relate directly to a contract,
generate or enhance resources to be used in satisfying the performance obligations of the contract,
and be recoverable. General or administrative costs are not capitalized.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-286": { "value": "
Government grants
Government grants are recognized as income and presented under other operating income when
management has reasonable assurance that the grants will be received, and that the Group will
comply with all attached conditions. Some investment, product and business development grants are
presented in the statement of financial position by deducting the grant from the carrying amount of
the asset.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-287": { "value": "
Employee benefits
The Group has several pension plans of which the majority relates to defined contribution plans. For
the defined contribution plans, the Group pays contributions to pension insurance plans on a
statutory or contractual basis. Contributions are recognized as employee benefit expenses on the
income statement when occurred. The Group has no further payment obligations once the
contributions have been paid.
The liability recognized in the balance sheet in respect of defined benefit pension plans is the present
value of the defined benefit obligation at the end of the reporting period, less the fair value of plan
assets. The defined benefit obligation is calculated annually by independent actuaries using the
projected unit credit method.
The present value of the defined benefit obligation is determined by discounting the estimated future
cash outflows using interest rates of high-quality corporate bonds that are denominated in the
currency in which the benefits will be paid, and that have terms approximating to the terms of the
related obligation.
The net interest cost is calculated by applying the discount rate to the net balance of the defined
benefit obligation and the fair value of plan assets. This cost is included in interest expense in the
income statement.
Remeasurement gains and losses arising from experience adjustments and changes in actuarial
assumptions are recognized in the period in which they occur, directly in other comprehensive
income. More information on the Group\u2019s defined benefit pension plans is presented in note Pension
liabilities.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-289": { "value": "
Income taxes
Income tax expense in the consolidated income statement includes Group companies\u2019 current income
tax calculated on their taxable profit for the financial year using the applicable corporate income tax
rate for each jurisdiction based on local tax laws enacted or substantively enacted at the balance
sheet date, as well as any tax adjustments for previous financial years and changes in deferred tax
assets and liabilities attributable to temporary differences and to unused tax losses.
Deferred taxes are calculated on temporary differences arising between the tax basis of assets and
liabilities and their carrying amounts in the consolidated financial statements. The largest temporary
differences arise from intangible and tangible assets, defined benefit pension plans, unused tax losses,
provisions, and fair value adjustments related to acquisitions. Deferred taxes are determined using the
tax rates enacted or substantially enacted by the balance sheet date and which are expected to be
applied when the related deferred tax asset is realized, or deferred tax liability is settled. Posti applies
the temporary exception not to recognize deferred taxes with regard to Pillar 2 legislation.
A deferred tax asset is recognized to the extent that it appears probable that future taxable profit will
be available against which the temporary difference and losses can be utilized.
Deferred tax is not recorded on undistributed profits of subsidiaries, unless the distribution of profits
is probable in the foreseeable future and thus causes tax consequences.
The preparation of tax returns, transfer pricing and other tax-related issues may be subject to
interpretation and uncertainty. Each uncertain tax treatment is considered separately or together
depending on which approach predicts the uncertainty the best way. All these effects of uncertainties
are reflected in tax accounting when it is not probable that the tax authorities or courts will accept
treatments.
Current and deferred tax is recognized in profit or loss, except to the extent that it relates to items
recognized in other comprehensive income or directly in equity. In this case, the tax is also recognized
in other comprehensive income or directly in equity, respectively.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-288": { "value": "
Income taxes
Income tax expense in the consolidated income statement includes Group companies\u2019 current income
tax calculated on their taxable profit for the financial year using the applicable corporate income tax
rate for each jurisdiction based on local tax laws enacted or substantively enacted at the balance
sheet date, as well as any tax adjustments for previous financial years and changes in deferred tax
assets and liabilities attributable to temporary differences and to unused tax losses.
Deferred taxes are calculated on temporary differences arising between the tax basis of assets and
liabilities and their carrying amounts in the consolidated financial statements. The largest temporary
differences arise from intangible and tangible assets, defined benefit pension plans, unused tax losses,
provisions, and fair value adjustments related to acquisitions. Deferred taxes are determined using the
tax rates enacted or substantially enacted by the balance sheet date and which are expected to be
applied when the related deferred tax asset is realized, or deferred tax liability is settled. Posti applies
the temporary exception not to recognize deferred taxes with regard to Pillar 2 legislation.
A deferred tax asset is recognized to the extent that it appears probable that future taxable profit will
be available against which the temporary difference and losses can be utilized.
Deferred tax is not recorded on undistributed profits of subsidiaries, unless the distribution of profits
is probable in the foreseeable future and thus causes tax consequences.
The preparation of tax returns, transfer pricing and other tax-related issues may be subject to
interpretation and uncertainty. Each uncertain tax treatment is considered separately or together
depending on which approach predicts the uncertainty the best way. All these effects of uncertainties
are reflected in tax accounting when it is not probable that the tax authorities or courts will accept
treatments.
Current and deferred tax is recognized in profit or loss, except to the extent that it relates to items
recognized in other comprehensive income or directly in equity. In this case, the tax is also recognized
in other comprehensive income or directly in equity, respectively.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-292": { "value": "
Intangible assets
Business combinations and goodwill
The acquisition method of accounting is used to account for all business combinations. The purchase
consideration for the acquisition of a subsidiary or business operation comprises the fair values of
cash consideration and contingent consideration arrangements. Any contingent consideration for a
business combination is estimated by calculating the present value of the future expected cash flows.
Contingent consideration is classified as a financial liability and presented under other payables. It is
subsequently remeasured at fair value with changes in fair value recognized in profit or loss.
Identifiable assets acquired, and liabilities and contingent liabilities assumed in a business
combination, are initially measured at their fair values at the acquisition date. The excess of the
purchase consideration over the Group\u2019s interest in the fair value of the net identifiable assets
acquired is recognized on the balance sheet as goodwill.
After initial recognition, goodwill is carried at cost less any accumulated impairment losses. Goodwill is
not amortized but is tested for impairment annually, or more frequently if events or changes in
circumstances indicate that the carrying value may be impaired. For the purposes of impairment
testing, goodwill is allocated to the cash generating units. The allocation is made to those cash
generating units or groups of cash generating units that are expected to benefit from the business
combination in which the goodwill arose. For more information on impairment testing, see below
Impairment testing and note Intangible assets.
Research and development
Research and development costs are primarily expensed as incurred. Only development costs arising
from new significant or substantially improved software products, service applications and enterprise
resource planning systems are capitalized as intangible assets. An asset is capitalized only if it is
technically and commercially feasible, the Group has the intention and resources to complete the
intangible asset and use or sell it, the expenditure attributable to the product during its development
can be reliably measured, and it is probable that the development asset will generate future economic
benefits. Capitalized development costs are recognized as intangible assets and amortized over the
assets\u2019 useful lives 3\u201310 years from the moment that they are ready for use. Material research and
development projects are reported as R&D expenses.
Other intangible assets
Separately acquired intangible assets, such as software licenses and applications, are initially
recognized at cost. Intangible assets acquired through business combinations, such as customer
portfolios, trademarks, acquired technology, are recognized at fair value at the acquisition date
comprising the amortizable acquisition cost. Useful lives are reassessed, and adjusted, if necessary if
estimates over their useful lives change.
Intangible rights in the balance sheet mainly comprise software solutions and licenses (where Posti
has the control) and customer portfolios and trademarks acquired through business combinations.
Software as a Service agreements are recognized as an expense or accrued in accordance with IFRIC
agenda decision. The Group\u2019s intangible rights have finite useful lives, over which period they are
amortized.
The expected useful lives are as follows:
Software solutions and licenses
3\u201315 years
Customer portfolios
5\u201310 years
Trademarks
3\u20135 years
Acquired technology
5 years
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-291": { "value": "
Intangible assets
Business combinations and goodwill
The acquisition method of accounting is used to account for all business combinations. The purchase
consideration for the acquisition of a subsidiary or business operation comprises the fair values of
cash consideration and contingent consideration arrangements. Any contingent consideration for a
business combination is estimated by calculating the present value of the future expected cash flows.
Contingent consideration is classified as a financial liability and presented under other payables. It is
subsequently remeasured at fair value with changes in fair value recognized in profit or loss.
Identifiable assets acquired, and liabilities and contingent liabilities assumed in a business
combination, are initially measured at their fair values at the acquisition date. The excess of the
purchase consideration over the Group\u2019s interest in the fair value of the net identifiable assets
acquired is recognized on the balance sheet as goodwill.
After initial recognition, goodwill is carried at cost less any accumulated impairment losses. Goodwill is
not amortized but is tested for impairment annually, or more frequently if events or changes in
circumstances indicate that the carrying value may be impaired. For the purposes of impairment
testing, goodwill is allocated to the cash generating units. The allocation is made to those cash
generating units or groups of cash generating units that are expected to benefit from the business
combination in which the goodwill arose. For more information on impairment testing, see below
Impairment testing and note Intangible assets.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-290": { "value": "
Intangible assets
Research and development
Research and development costs are primarily expensed as incurred. Only development costs arising
from new significant or substantially improved software products, service applications and enterprise
resource planning systems are capitalized as intangible assets. An asset is capitalized only if it is
technically and commercially feasible, the Group has the intention and resources to complete the
intangible asset and use or sell it, the expenditure attributable to the product during its development
can be reliably measured, and it is probable that the development asset will generate future economic
benefits. Capitalized development costs are recognized as intangible assets and amortized over the
assets\u2019 useful lives 3\u201310 years from the moment that they are ready for use. Material research and
development projects are reported as R&D expenses.
Other intangible assets
Separately acquired intangible assets, such as software licenses and applications, are initially
recognized at cost. Intangible assets acquired through business combinations, such as customer
portfolios, trademarks, acquired technology, are recognized at fair value at the acquisition date
comprising the amortizable acquisition cost. Useful lives are reassessed, and adjusted, if necessary if
estimates over their useful lives change.
Intangible rights in the balance sheet mainly comprise software solutions and licenses (where Posti
has the control) and customer portfolios and trademarks acquired through business combinations.
Software as a Service agreements are recognized as an expense or accrued in accordance with IFRIC
agenda decision. The Group\u2019s intangible rights have finite useful lives, over which period they are
amortized.
The expected useful lives are as follows:
Software solutions and licenses
3\u201315 years
Customer portfolios
5\u201310 years
Trademarks
3\u20135 years
Acquired technology
5 years
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-293": { "value": "
Business combinations and goodwill
The acquisition method of accounting is used to account for all business combinations. The purchase
consideration for the acquisition of a subsidiary or business operation comprises the fair values of
cash consideration and contingent consideration arrangements. Any contingent consideration for a
business combination is estimated by calculating the present value of the future expected cash flows.
Contingent consideration is classified as a financial liability and presented under other payables. It is
subsequently remeasured at fair value with changes in fair value recognized in profit or loss.
Identifiable assets acquired, and liabilities and contingent liabilities assumed in a business
combination, are initially measured at their fair values at the acquisition date. The excess of the
purchase consideration over the Group\u2019s interest in the fair value of the net identifiable assets
acquired is recognized on the balance sheet as goodwill.
After initial recognition, goodwill is carried at cost less any accumulated impairment losses. Goodwill is
not amortized but is tested for impairment annually, or more frequently if events or changes in
circumstances indicate that the carrying value may be impaired. For the purposes of impairment
testing, goodwill is allocated to the cash generating units. The allocation is made to those cash
generating units or groups of cash generating units that are expected to benefit from the business
combination in which the goodwill arose. For more information on impairment testing, see below
Impairment testing and note Intangible assets.
Impairment testing
Goodwill and intangible or tangible assets not yet in use (for example, capitalized development
projects not yet completed) are not subject to amortization and are tested annually for impairment.
Testing can be performed more frequently if events or changes in circumstances indicate that the
asset might be impaired. Other long-lived assets that are depreciated during the useful life (for
example, right-of-use assets) are tested for impairment whenever events or changes in circumstances
indicate that the carrying amount may not be recoverable.
The recoverable amount is the higher of an asset\u2019s fair value less costs of disposal and value in use.
Value in use refers to estimated future net cash flows from an asset or a cash generating unit,
discounted to their present value. An impairment loss is recognized for the amount by which the
asset\u2019s carrying amount exceeds its recoverable amount.
For purposes of assessing impairment of goodwill, assets are grouped at the lowest level for which
there are separately identifiable cash inflows which are largely independent of the cash inflows from
other assets or groups of assets (cash generating units). Posti\u2019s cash generating units that form the
basis for goodwill impairment testing are presented in note Intangible assets.
For purposes of assessing impairments of investment property, assets form a separate cash-
generating unit.
Non-financial assets other than goodwill that suffered an impairment are reviewed for a possible
reversal of the impairment at the end of each reporting period.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-294": { "value": "
Research and development
Research and development costs are primarily expensed as incurred. Only development costs arising
from new significant or substantially improved software products, service applications and enterprise
resource planning systems are capitalized as intangible assets. An asset is capitalized only if it is
technically and commercially feasible, the Group has the intention and resources to complete the
intangible asset and use or sell it, the expenditure attributable to the product during its development
can be reliably measured, and it is probable that the development asset will generate future economic
benefits. Capitalized development costs are recognized as intangible assets and amortized over the
assets\u2019 useful lives 3\u201310 years from the moment that they are ready for use. Material research and
development projects are reported as R&D expenses.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-295": { "value": "
The expected useful lives are as follows:
Software solutions and licenses
3\u201315 years
Customer portfolios
5\u201310 years
Trademarks
3\u20135 years
Acquired technology
5 years
The expected useful lives are as follows:
Production buildings
15\u201350 years
Office buildings
25\u201340 years
Light structures
5\u201315 years
Equipment of buildings
3\u201320 years
Production equipment
3\u201313 years
Vehicles
3\u20135 years
Storage shelves and systems
5\u201313 years
Parcel lockers
3\u20137 years
Other tangible assets
3\u201310 years
The expected useful lives are as follows:
Buildings
25\u201340 years
Equipment of buildings
3\u20138 years
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-296": { "value": "
Property, plant and equipment
Property, plant and equipment (PPE) are carried at cost less any accumulated depreciation and
impairment losses. The initial cost of an asset includes the expenditure that is directly attributable to
the acquisition of the items such as purchase price, costs of bringing the asset into working condition
and installation costs. PPE are depreciated on a straight-line basis over their expected useful lives or,
in case of leased right-of-use asset, over the lease term. Land and water are not depreciated. Useful
lives are reassessed and adjusted, if necessary, if estimates over their useful lives change.
The Group\u2019s PPE comprises land and water areas, production and office buildings and structures,
machinery and equipment such as letter and parcel sorting machines, conveyors, vehicles and forklifts
as well as other tangible assets consisting of, for example, storage shelves, storage systems and parcel
lockers.
The expected useful lives are as follows:
Production buildings
15\u201350 years
Office buildings
25\u201340 years
Light structures
5\u201315 years
Equipment of buildings
3\u201320 years
Production equipment
3\u201313 years
Vehicles
3\u20135 years
Storage shelves and systems
5\u201313 years
Parcel lockers
3\u20137 years
Other tangible assets
3\u201310 years
If an asset under PPE constitutes several items with differing useful lives, each of them is accounted
for as a separate asset. In such a case, the cost of replacing the item is recognized as an asset.
Otherwise, subsequent costs, such as modernization and renovation project costs, are capitalized if it
is probable that the future economic benefits associated with the asset will flow to the Group and the
cost of the asset can be measured reliably. Regular repair, maintenance and service costs are
expensed as incurred.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-297": { "value": "Regular repair, maintenance and service costs are expensed as incurred.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-298": { "value": "
Investment property
Investment property refers to land or buildings, or part thereof, that Posti holds for rental income or
capital appreciation. Investment property also includes land areas and properties held under
development for sale purposes. It is measured at cost less accumulated depreciation and impairment
losses. Environmental provisions and possible changes in the estimate affect the value of investment
properties. Investment property buildings are depreciated over their useful lives using the straight-line
method and land is not depreciated. Impairment losses are recognized in accordance with the
principles described under the section Impairment testing.
The expected useful lives are as follows:
Buildings
25\u201340 years
Equipment of buildings
3\u20138 years
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-300": { "value": "
Impairment testing
Goodwill and intangible or tangible assets not yet in use (for example, capitalized development
projects not yet completed) are not subject to amortization and are tested annually for impairment.
Testing can be performed more frequently if events or changes in circumstances indicate that the
asset might be impaired. Other long-lived assets that are depreciated during the useful life (for
example, right-of-use assets) are tested for impairment whenever events or changes in circumstances
indicate that the carrying amount may not be recoverable.
The recoverable amount is the higher of an asset\u2019s fair value less costs of disposal and value in use.
Value in use refers to estimated future net cash flows from an asset or a cash generating unit,
discounted to their present value. An impairment loss is recognized for the amount by which the
asset\u2019s carrying amount exceeds its recoverable amount.
For purposes of assessing impairment of goodwill, assets are grouped at the lowest level for which
there are separately identifiable cash inflows which are largely independent of the cash inflows from
other assets or groups of assets (cash generating units). Posti\u2019s cash generating units that form the
basis for goodwill impairment testing are presented in note Intangible assets.
For purposes of assessing impairments of investment property, assets form a separate cash-
generating unit.
Non-financial assets other than goodwill that suffered an impairment are reviewed for a possible
reversal of the impairment at the end of each reporting period.
Financial assets at amortized cost
Financial assets at amortized cost include investments in bonds and money-market investments as
well as trade receivables and other receivables. Interest income from these financial assets is included
in financial income using the effective interest rate method.
The Group assesses expected credit losses associated with its debt instruments carried at amortized
cost on a forward-looking basis. The impairment methodology applied depends on whether there has
been a significant increase in credit risk. For low credit risk bond investments, the Group applies a low
credit risk exemption, where the loss allowance recognized is limited to 12 months expected credit
losses. The changes in loss allowance are presented under other financial expenses.
For trade receivables, the Group applies a simplified loss allowance matrix approach whereby the
impairment loss is measured over the life of the asset unless the asset is already written off. Loss
allowances are estimated based on a forward-looking model where estimated probabilities of
customer default are used in the calculation model. Days of overdue effect the percentage of loss
allowance used. A 100 percent loss allowance is recognized for all trade receivables, which are 180 or
more days overdue. Write-offs are based on indicators that there is no reasonable expectation of
recovery, for example, due to a failure to make contractual payments or bankruptcy. The changes in
loss allowance and loss from write-offs are presented in other operating expenses.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-299": { "value": "
Impairment testing
Goodwill and intangible or tangible assets not yet in use (for example, capitalized development
projects not yet completed) are not subject to amortization and are tested annually for impairment.
Testing can be performed more frequently if events or changes in circumstances indicate that the
asset might be impaired. Other long-lived assets that are depreciated during the useful life (for
example, right-of-use assets) are tested for impairment whenever events or changes in circumstances
indicate that the carrying amount may not be recoverable.
The recoverable amount is the higher of an asset\u2019s fair value less costs of disposal and value in use.
Value in use refers to estimated future net cash flows from an asset or a cash generating unit,
discounted to their present value. An impairment loss is recognized for the amount by which the
asset\u2019s carrying amount exceeds its recoverable amount.
For purposes of assessing impairment of goodwill, assets are grouped at the lowest level for which
there are separately identifiable cash inflows which are largely independent of the cash inflows from
other assets or groups of assets (cash generating units). Posti\u2019s cash generating units that form the
basis for goodwill impairment testing are presented in note Intangible assets.
For purposes of assessing impairments of investment property, assets form a separate cash-
generating unit.
Non-financial assets other than goodwill that suffered an impairment are reviewed for a possible
reversal of the impairment at the end of each reporting period.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-301": { "value": "
Leases
Posti makes use of relief exemptions provided by the standard for leases for which the underlying
asset is of low value and short-term leases (12 months or less). These leases are not recognized on the
balance sheet. Part of rental contracts for premises, where Posti and the lessor both have termination
options within 12 months or less, are classified as short-term leases. Some key premises with short-
term lease contracts but with longer term use plans are, however, recognized on the balance sheet by
using a longer lease term than agreed in the lease contract.
For those leases recognized on the balance sheet, the lease liability is recognized at the present value
of the remaining lease payments, discounted using the interest rate implicit in the lease. Where the
rate is not available, Posti uses its incremental borrowing rate. Posti defines the rate separately for
each significant geographic area, contract term, and asset type.
Posti uses euro interest rate swap rates from the markets. Posti has defined three lease term length
range baskets and accordingly three market reference rates are applied. Additional legal entity
related margin reflects the financial standing of each lessee in the Group. The leased asset type is also
reflected, as the incremental borrowing rate is adjusted downward in lease contracts for premises.
Termination or extension options can be related to a lease contract. The matter is presented below in
the chapter Critical accounting estimates and judgments in applying accounting policies.
Cash payments for the principal portion of the lease liability are classified within the cash flow from
financing activities and only the payments that reflect interest are presented as cash flows from
operating activities. For those leases which are not recognized on the balance sheet, the lease
expense is classified within the cash flow from operating activities.
Especially in cases of long-term premise lease contracts, accounting values are subject to changes if
the lease contract terms are changed or otherwise Posti makes reassessments to the contents of the
lease contract. Changed rental payments, changes in the length of the lease term or changes in the
assessment of the lease term or other essential changes are adjusted in accounting in lease liability
and right-of-use asset.
Most of the balance sheet value generated from leasing arrangements are lease contracts for
premises. These contracts are typically subject to annual lease amount increases. By number of lease
contracts, most leases are connected to leased vehicles, in which the monthly lease amount is typically
stable during the entire lease term. Vehicle lease contract often include service fee components in
addition to capital rent. Service fees are not recognized in balance sheet value of lease contracts but
only the pure capital rent is included. Service fees are recognized as incurred.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-302": { "value": "
Inventories
The Group\u2019s inventories comprise stamps, packaging materials, retail goods and production material,
such as paper and envelopes. Inventories are valued on a weighted average cost basis and carried at
the lower of cost or net realizable value. Cost includes all direct expenditure attributable to the
inventories. Net realizable value represents the estimated selling price less all estimated costs of
completion and costs to be incurred in selling and distribution.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-305": { "value": "
Financial assets and liabilities
Financial assets
The Group classifies its financial assets into the following categories: those measured at amortized
cost and those measured at fair value through profit or loss. The classification is based on the Group\u2019s
business model for managing financial assets and the contractual terms of cash flows. Financial
assets, whose business model is to hold the assets until maturity for collection of contractual cash
flows where those cash flows solely represent payments of principal and interest, are measured at
amortized cost. Other financial assets are measured at fair value through profit or loss.
Financial assets are recognized and derecognized at the settlement date. The Group derecognizes a
financial asset when its contractual right to cash flows from the asset has expired or is forfeited, or it
has transferred substantially all risks and rewards outside the Group. Any gain or loss arising from the
derecognition of a financial asset is recognized directly in profit or loss and presented in finance
income or expenses (or in other operative income or expenses for trade receivables), together with
foreign exchange gains and losses.
Financial assets at amortized cost
Financial assets at amortized cost include investments in bonds and money-market investments as
well as trade receivables and other receivables. Interest income from these financial assets is included
in financial income using the effective interest rate method.
The Group assesses expected credit losses associated with its debt instruments carried at amortized
cost on a forward-looking basis. The impairment methodology applied depends on whether there has
been a significant increase in credit risk. For low credit risk bond investments, the Group applies a low
credit risk exemption, where the loss allowance recognized is limited to 12 months expected credit
losses. The changes in loss allowance are presented under other financial expenses.
For trade receivables, the Group applies a simplified loss allowance matrix approach whereby the
impairment loss is measured over the life of the asset unless the asset is already written off. Loss
allowances are estimated based on a forward-looking model where estimated probabilities of
customer default are used in the calculation model. Days of overdue effect the percentage of loss
allowance used. A 100 percent loss allowance is recognized for all trade receivables, which are 180 or
more days overdue. Write-offs are based on indicators that there is no reasonable expectation of
recovery, for example, due to a failure to make contractual payments or bankruptcy. The changes in
loss allowance and loss from write-offs are presented in other operating expenses.
Financial assets at fair value through profit or loss
The Group classifies investments in equity instruments as financial assets at fair value through profit
or loss. This category includes unlisted shares. Changes in the fair value of investments in equity
instruments are recognized in financial income or expenses at each balance sheet date.
Also, derivatives for which hedge accounting is not applied are included in the financial assets at fair
value through profit or loss. For these derivatives, realized and unrealized gains and losses from
changes in fair values are recognized in the income statement in the period in which they have arisen.
Financial liabilities
The Group classifies its financial liabilities either as financial liabilities at amortized cost or financial
liabilities at fair value through profit or loss.
Financial liabilities at amortized cost
Non-derivative financial liabilities are classified as financial liabilities at amortized cost. They are
initially recognized at fair value based on the consideration received. Transaction costs are included in
the initial carrying amount of financial liabilities. Subsequently, financial liabilities, except for derivative
liabilities, are measured at amortized cost using the effective interest rate method.
Financial liabilities at fair value through profit or loss
Financial liabilities at fair value through profit or loss include derivatives for which hedge accounting is
not applied. For these derivatives, realized and unrealized gains and losses from changes in fair values
are recognized in the income statement in the period in which they have arisen.
Derivative contracts
Derivatives are initially recognized at fair value on the date a derivative contract is entered into and
subsequently remeasured to their fair value at each balance sheet date. Gains or losses arising from
valuation at fair value is recognized in accordance with the derivative contract\u2019s purpose of use.
For certain derivative instruments while entered into for risk management purposes, hedge
accounting is not applied. Such derivatives include currency derivatives hedging against foreign
exchange risk of currency denominated receivables and liabilities. For these contracts, changes in
their fair value are recognized through profit or loss and presented in financial items or other
operating income or expenses, depending on the purpose of hedging.
Posti has assessed that the electricity purchase and the price-secured electricity products can be
treated as a single accounting unit, and that they are closely linked derivatives that depend on the
electricity purchase contract. Accordingly, electricity derivatives have not been presented in the
balance sheet at fair value, but the Group has applied the own-use exception provided for in IFRS 9.
Cash and cash equivalents
Cash comprises cash on hand and demand deposits. Cash equivalents consist of other short-term,
highly liquid investments that can be easily exchanged for a pre-determined amount of cash, and
which are subject to an insignificant risk of changes in value. The money-market investments classified
as the Group\u2019s cash and cash equivalents have a maximum maturity of three months at the
acquisition.
Fair Value Measurement
The Group measures derivatives, investments in equity assets as well as assets and liabilities acquired
through a business combination at fair value.
All assets and liabilities for which fair value is measured or disclosed in the financial statements are
categorized within the fair value hierarchy as follows:
Level 1: Fair values are based on the quoted prices of identical asset or liabilities in active markets.
Level 2: Fair values are, to a significant degree, based on data other than quoted prices included in
Level 1, but on data that are either directly or indirectly observable for the asset or liability in question.
To determine the fair value of these instruments, the Group uses generally accepted valuation models
that are, to a significant degree, based on observable market data.
Level 3: Fair values are based on data regarding the asset group or liability that is not based on
observable market data.
For assets and liabilities that are recognized in the financial statements on a recurring basis, the
Group determines whether transfers have occurred between Levels in the hierarchy by reassessing
the categorization (based on the lowest level input that is significant to the fair value measurement as
a whole) at the end of each reporting period.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-303": { "value": "
Financial assets and liabilities
Financial assets
The Group classifies its financial assets into the following categories: those measured at amortized
cost and those measured at fair value through profit or loss. The classification is based on the Group\u2019s
business model for managing financial assets and the contractual terms of cash flows. Financial
assets, whose business model is to hold the assets until maturity for collection of contractual cash
flows where those cash flows solely represent payments of principal and interest, are measured at
amortized cost. Other financial assets are measured at fair value through profit or loss.
Financial assets are recognized and derecognized at the settlement date. The Group derecognizes a
financial asset when its contractual right to cash flows from the asset has expired or is forfeited, or it
has transferred substantially all risks and rewards outside the Group. Any gain or loss arising from the
derecognition of a financial asset is recognized directly in profit or loss and presented in finance
income or expenses (or in other operative income or expenses for trade receivables), together with
foreign exchange gains and losses.
Financial assets at amortized cost
Financial assets at amortized cost include investments in bonds and money-market investments as
well as trade receivables and other receivables. Interest income from these financial assets is included
in financial income using the effective interest rate method.
The Group assesses expected credit losses associated with its debt instruments carried at amortized
cost on a forward-looking basis. The impairment methodology applied depends on whether there has
been a significant increase in credit risk. For low credit risk bond investments, the Group applies a low
credit risk exemption, where the loss allowance recognized is limited to 12 months expected credit
losses. The changes in loss allowance are presented under other financial expenses.
For trade receivables, the Group applies a simplified loss allowance matrix approach whereby the
impairment loss is measured over the life of the asset unless the asset is already written off. Loss
allowances are estimated based on a forward-looking model where estimated probabilities of
customer default are used in the calculation model. Days of overdue effect the percentage of loss
allowance used. A 100 percent loss allowance is recognized for all trade receivables, which are 180 or
more days overdue. Write-offs are based on indicators that there is no reasonable expectation of
recovery, for example, due to a failure to make contractual payments or bankruptcy. The changes in
loss allowance and loss from write-offs are presented in other operating expenses.
Financial assets at fair value through profit or loss
The Group classifies investments in equity instruments as financial assets at fair value through profit
or loss. This category includes unlisted shares. Changes in the fair value of investments in equity
instruments are recognized in financial income or expenses at each balance sheet date.
Also, derivatives for which hedge accounting is not applied are included in the financial assets at fair
value through profit or loss. For these derivatives, realized and unrealized gains and losses from
changes in fair values are recognized in the income statement in the period in which they have arisen.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-304": { "value": "
Financial assets and liabilities
Financial liabilities
The Group classifies its financial liabilities either as financial liabilities at amortized cost or financial
liabilities at fair value through profit or loss.
Financial liabilities at amortized cost
Non-derivative financial liabilities are classified as financial liabilities at amortized cost. They are
initially recognized at fair value based on the consideration received. Transaction costs are included in
the initial carrying amount of financial liabilities. Subsequently, financial liabilities, except for derivative
liabilities, are measured at amortized cost using the effective interest rate method.
Financial liabilities at fair value through profit or loss
Financial liabilities at fair value through profit or loss include derivatives for which hedge accounting is
not applied. For these derivatives, realized and unrealized gains and losses from changes in fair values
are recognized in the income statement in the period in which they have arisen.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-306": { "value": "
Financial assets are recognized and derecognized at the settlement date. The Group derecognizes a
financial asset when its contractual right to cash flows from the asset has expired or is forfeited, or it
has transferred substantially all risks and rewards outside the Group. Any gain or loss arising from the
derecognition of a financial asset is recognized directly in profit or loss and presented in finance
income or expenses (or in other operative income or expenses for trade receivables), together with
foreign exchange gains and losses.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-307": { "value": "
Financial assets at amortized cost
Financial assets at amortized cost include investments in bonds and money-market investments as
well as trade receivables and other receivables. Interest income from these financial assets is included
in financial income using the effective interest rate method.
The Group assesses expected credit losses associated with its debt instruments carried at amortized
cost on a forward-looking basis. The impairment methodology applied depends on whether there has
been a significant increase in credit risk. For low credit risk bond investments, the Group applies a low
credit risk exemption, where the loss allowance recognized is limited to 12 months expected credit
losses. The changes in loss allowance are presented under other financial expenses.
For trade receivables, the Group applies a simplified loss allowance matrix approach whereby the
impairment loss is measured over the life of the asset unless the asset is already written off. Loss
allowances are estimated based on a forward-looking model where estimated probabilities of
customer default are used in the calculation model. Days of overdue effect the percentage of loss
allowance used. A 100 percent loss allowance is recognized for all trade receivables, which are 180 or
more days overdue. Write-offs are based on indicators that there is no reasonable expectation of
recovery, for example, due to a failure to make contractual payments or bankruptcy. The changes in
loss allowance and loss from write-offs are presented in other operating expenses.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-309": { "value": "
Financial assets at fair value through profit or loss
The Group classifies investments in equity instruments as financial assets at fair value through profit
or loss. This category includes unlisted shares. Changes in the fair value of investments in equity
instruments are recognized in financial income or expenses at each balance sheet date.
Also, derivatives for which hedge accounting is not applied are included in the financial assets at fair
value through profit or loss. For these derivatives, realized and unrealized gains and losses from
changes in fair values are recognized in the income statement in the period in which they have arisen.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognisingDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationTechniqueExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-308": { "value": "
Financial assets at fair value through profit or loss
The Group classifies investments in equity instruments as financial assets at fair value through profit
or loss. This category includes unlisted shares. Changes in the fair value of investments in equity
instruments are recognized in financial income or expenses at each balance sheet date.
Also, derivatives for which hedge accounting is not applied are included in the financial assets at fair
value through profit or loss. For these derivatives, realized and unrealized gains and losses from
changes in fair values are recognized in the income statement in the period in which they have arisen.
Financial liabilities at fair value through profit or loss
Financial liabilities at fair value through profit or loss include derivatives for which hedge accounting is
not applied. For these derivatives, realized and unrealized gains and losses from changes in fair values
are recognized in the income statement in the period in which they have arisen.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-310": { "value": "
Financial liabilities at amortized cost
Non-derivative financial liabilities are classified as financial liabilities at amortized cost. They are
initially recognized at fair value based on the consideration received. Transaction costs are included in
the initial carrying amount of financial liabilities. Subsequently, financial liabilities, except for derivative
liabilities, are measured at amortized cost using the effective interest rate method.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-313": { "value": "
Derivative contracts
Derivatives are initially recognized at fair value on the date a derivative contract is entered into and
subsequently remeasured to their fair value at each balance sheet date. Gains or losses arising from
valuation at fair value is recognized in accordance with the derivative contract\u2019s purpose of use.
For certain derivative instruments while entered into for risk management purposes, hedge
accounting is not applied. Such derivatives include currency derivatives hedging against foreign
exchange risk of currency denominated receivables and liabilities. For these contracts, changes in
their fair value are recognized through profit or loss and presented in financial items or other
operating income or expenses, depending on the purpose of hedging.
Posti has assessed that the electricity purchase and the price-secured electricity products can be
treated as a single accounting unit, and that they are closely linked derivatives that depend on the
electricity purchase contract. Accordingly, electricity derivatives have not been presented in the
balance sheet at fair value, but the Group has applied the own-use exception provided for in IFRS 9.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-312": { "value": "
Derivative contracts
Derivatives are initially recognized at fair value on the date a derivative contract is entered into and
subsequently remeasured to their fair value at each balance sheet date. Gains or losses arising from
valuation at fair value is recognized in accordance with the derivative contract\u2019s purpose of use.
For certain derivative instruments while entered into for risk management purposes, hedge
accounting is not applied. Such derivatives include currency derivatives hedging against foreign
exchange risk of currency denominated receivables and liabilities. For these contracts, changes in
their fair value are recognized through profit or loss and presented in financial items or other
operating income or expenses, depending on the purpose of hedging.
Posti has assessed that the electricity purchase and the price-secured electricity products can be
treated as a single accounting unit, and that they are closely linked derivatives that depend on the
electricity purchase contract. Accordingly, electricity derivatives have not been presented in the
balance sheet at fair value, but the Group has applied the own-use exception provided for in IFRS 9.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-311": { "value": "
Derivative contracts
Derivatives are initially recognized at fair value on the date a derivative contract is entered into and
subsequently remeasured to their fair value at each balance sheet date. Gains or losses arising from
valuation at fair value is recognized in accordance with the derivative contract\u2019s purpose of use.
For certain derivative instruments while entered into for risk management purposes, hedge
accounting is not applied. Such derivatives include currency derivatives hedging against foreign
exchange risk of currency denominated receivables and liabilities. For these contracts, changes in
their fair value are recognized through profit or loss and presented in financial items or other
operating income or expenses, depending on the purpose of hedging.
Posti has assessed that the electricity purchase and the price-secured electricity products can be
treated as a single accounting unit, and that they are closely linked derivatives that depend on the
electricity purchase contract. Accordingly, electricity derivatives have not been presented in the
balance sheet at fair value, but the Group has applied the own-use exception provided for in IFRS 9.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-314": { "value": "
Cash and cash equivalents
Cash comprises cash on hand and demand deposits. Cash equivalents consist of other short-term,
highly liquid investments that can be easily exchanged for a pre-determined amount of cash, and
which are subject to an insignificant risk of changes in value. The money-market investments classified
as the Group\u2019s cash and cash equivalents have a maximum maturity of three months at the
acquisition.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-315": { "value": "
Fair Value Measurement
The Group measures derivatives, investments in equity assets as well as assets and liabilities acquired
through a business combination at fair value.
All assets and liabilities for which fair value is measured or disclosed in the financial statements are
categorized within the fair value hierarchy as follows:
Level 1: Fair values are based on the quoted prices of identical asset or liabilities in active markets.
Level 2: Fair values are, to a significant degree, based on data other than quoted prices included in
Level 1, but on data that are either directly or indirectly observable for the asset or liability in question.
To determine the fair value of these instruments, the Group uses generally accepted valuation models
that are, to a significant degree, based on observable market data.
Level 3: Fair values are based on data regarding the asset group or liability that is not based on
observable market data.
For assets and liabilities that are recognized in the financial statements on a recurring basis, the
Group determines whether transfers have occurred between Levels in the hierarchy by reassessing
the categorization (based on the lowest level input that is significant to the fair value measurement as
a whole) at the end of each reporting period.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-317": { "value": "
Provisions and contingent liabilities
A provision is recognized when the Group has a present legal or constructive obligation as a result of
past events, it is probable that an outflow of resources will be required to settle the obligation, and a
reliable estimate of the amount of the obligation can be made. Provisions for restructuring are
recognized when the related, detailed and official plan has been approved and disclosed.
Provisions are measured at the present value of management\u2019s best estimate of the expenditure
required to settle the present obligation at the end of reporting period. The discount rate used to
determine the present value is a pre-tax rate that reflects current market assessment of the time
value of money and the risks specific to the liability. The increase in the provision due to the passage
of time is recognized as interest expense.
Contingent liabilities represent possible obligations whose existence will be confirmed only by the
occurrence, or non-occurrence, of one or more uncertain future events not wholly within the control
of the Group. Contingent liabilities also include obligations that will most likely not require the
fulfillment of a payment obligation or the amount of which cannot be reliably determined. Contingent
liabilities are disclosed in the notes to the consolidated financial statements.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-316": { "value": "
Provisions and contingent liabilities
A provision is recognized when the Group has a present legal or constructive obligation as a result of
past events, it is probable that an outflow of resources will be required to settle the obligation, and a
reliable estimate of the amount of the obligation can be made. Provisions for restructuring are
recognized when the related, detailed and official plan has been approved and disclosed.
Provisions are measured at the present value of management\u2019s best estimate of the expenditure
required to settle the present obligation at the end of reporting period. The discount rate used to
determine the present value is a pre-tax rate that reflects current market assessment of the time
value of money and the risks specific to the liability. The increase in the provision due to the passage
of time is recognized as interest expense.
Contingent liabilities represent possible obligations whose existence will be confirmed only by the
occurrence, or non-occurrence, of one or more uncertain future events not wholly within the control
of the Group. Contingent liabilities also include obligations that will most likely not require the
fulfillment of a payment obligation or the amount of which cannot be reliably determined. Contingent
liabilities are disclosed in the notes to the consolidated financial statements.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-318": { "value": "
Critical accounting estimates and judgments in applying accounting policies
Preparing the consolidated financial statements in compliance with IFRS Accounting Standards
requires the Group\u2019s management to make certain estimates and judgments in applying accounting
policies. These estimates and assumptions are based on the management\u2019s best knowledge of current
events and circumstances, but the actuals may differ from the estimates and assumptions stated in
the financial statements. Areas involving a higher degree of judgment or complexity, and of items
which are more likely to be materially adjusted due to estimates and assumptions turning out to be
wrong, are disclosed below.
Goodwill impairment testing
Goodwill, as well as other assets, are tested for impairment annually or more often if indicators of
potential impairment exist.
The determination of impairments of goodwill and other intangible assets involves the use of
estimates that include, but are not limited to, the cause, timing, and amount of the impairment.
Impairment, or its reversal, can be based on a large number of factors, such as changes in current
competitive conditions, expectations of growth in Posti\u2019s businesses, increased cost of capital,
technological obsolescence, discontinuance of services, current replacement costs, prices paid in
comparable transactions, and other changes in circumstances that indicate an impairment exists. The
identification of impairment indicators, as well as the estimation of future cash flows and the
determination of fair values for assets (or groups of assets), require management to make significant
judgments concerning the identification and validation of impairment indicators, expected cash flows,
applicable discount rates, useful lives, and residual values. When determining the values in use for the
cash generating units, additional planning uncertainties are factored in that reflect the risks of
macroeconomic development, which could adversely affect future results of operations.
The most significant assumptions in goodwill impairment testing comprise growth in net sales,
development of operative result, determination of the discount rate (WACC), and long-term growth
rate used after the forecast period.
Uncertainty regarding deferred tax assets
Deferred tax assets are recognized to the extent that it is probable that future taxable amounts will
be available to utilize the underlying temporary differences and losses. Significant judgment is
required to determine the amount that can be recognized and depends foremost on the expected
timing and level of taxable profits as well as potential tax planning opportunities. The judgment relates
specifically to tax losses carried forward in some of Posti\u2019s foreign subsidiaries and whether these
losses can be utilized. Posti assesses at each balance sheet date the expected utilization of deferred
tax assets considering the likelihood of (a) expected future taxable profits and (b) positions taken in
tax returns being sustained.
When an entity has a history of recent losses, the deferred tax asset arising from unused tax losses is
recognized only to the extent that there is convincing evidence that sufficient future taxable profit will
be generated. Estimated future taxable profit is not considered as convincing evidence unless the
entity has demonstrated the ability to generate significant taxable profit for the current year or there
are certain other events providing sufficient evidence of future taxable profit. Uncertainty related to
new transactions and events and the interpretation of new tax rules may also affect these judgments.
Provisions
Restructuring provisions are primarily related to the change negotiations conducted in recent years. A
significant portion of the long-term personnel expense provisions in the Group's Finnish companies is
the employer's liability component within the unemployment insurance contribution towards the
Unemployment Insurance Fund.
Land use compensation and environmental liability presented as a provision in the balance sheet
includes the part of the liability that meets the criteria of recognition. Total liability related to the
development of Etel\u00e4inen Postipuisto area needs to be considered together with the environmental
liability presented in the other contingent liabilities. Posti\u2019s estimate on the total amount and timing of
expenses required to fulfill the responsibilities of Posti to clean the area for future use in residential
building is subject to significant uncertainties. The cleaning of the area is done together with the City
of Helsinki, and discussions are continuous to follow the progress and the changes in the estimates.
Lease term determination and assessments on termination and extension options
If a lease contract does not contain an option clause, Posti will not make judgments on a lease
contract extension or early termination. In case the contract includes a termination or extension
option, Posti considers all relevant facts and circumstances that create an economic incentive for the
lessee to exercise or not to exercise the option, including any expected changes in facts and
circumstances from the commencement date until the exercise date of the option. Posti makes a
judgment for each lease contract on whether to exercise an option or not, and the related recognition
to increase or decrease the accounting lease liability.
Leases and short-term judgment
Posti makes use of the relief exemptions provided by the standard for leases for which the underlying
asset is of low value and short-term leases (12 months or less). These leases are not recognized on
balance sheet. Part of the rental contracts for premises, where Posti and the lessor both have
termination options within 12 months or less, are classified as short-term leases.
Some key premises with short-term lease contracts but with longer term use plans are, however,
recognized on the balance sheet by using a longer lease term than agreed in the lease contract.
Goodwill impairment testing
Goodwill is tested for impairment annually or more often if indicators of impairment exist. Goodwill
impairment testing involves the use of estimates and is one of the critical accounting policies where
the management makes estimates and judgments. This has been described in Accounting policies
under the section Critical accounting estimates and judgments in applying accounting policies.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-319": { "value": "
Land use compensation and environmental liability presented as a provision in the balance sheet
includes the part of the liability that meets the criteria of recognition. Total liability related to the
development of Etel\u00e4inen Postipuisto area needs to be considered together with the environmental
liability presented in the other contingent liabilities. Posti\u2019s estimate on the total amount and timing of
expenses required to fulfill the responsibilities of Posti to clean the area for future use in residential
building is subject to significant uncertainties. The cleaning of the area is done together with the City
of Helsinki, and discussions are continuous to follow the progress and the changes in the estimates.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-320": { "value": "
1. Segment reporting
Posti discloses three reportable segments which consists of four operating segments. The operating
segments are defined based on their services, products and markets, and they are managed as
separate Business Groups.
Reportable Segment
Operating segment
eCommerce and Delivery Services
eCommerce and Delivery Services
Fulfillment and Logistics Services
Fulfillment and Logistics Services Finland
Fulfillment and Logistics Services
Fulfillment and Logistics Services Sweden
Postal Services
Postal Services
The eCommerce and Delivery Services segment offers parcel delivery services and groupage freight
services. Parcel delivery services serves customers in Finland and the Baltic countries, while groupage
freight services and value-added services are offered in Finland.
Fulfillment and Logistics Services covers contract logistics and in-house logistics in Finland and
Sweden, with a single warehouse in Norway.
Postal Services offers delivery services, multichannel services and digital services, which cover,
among others, letters (both corporate and consumer letters), multichannel messaging solutions,
newspaper and magazine delivery as well as addressed direct marketing services. Postal Services
serves customers nationwide in Finland with a multichannel distribution network.
For Fulfillment and Logistics Services, the operating segments' business in Finland and Sweden have
similar economic characteristics, nature of services and customer types, and markets in the Nordic
countries. Geographical areas are separate operating segments but are combined into one operating
segment in accordance with the aggregation criteria in IFRS 8. The gross margin and EBITDA levels of
these two operating segments are similar in relation to net sales. The medium- and long-term financial
development trends of the operating segments are similar.
The President and CEO is the chief operating decision maker, responsible for allocating resources to
operating segments and the evaluation of the segments\u2019 results. During 2025, the chief operating
decision maker primarily used adjusted EBITDA to assess the performance of the operating segments.
As a part of the listing process, Posti Group has updated its segment reporting. Both operating result
(EBIT) and adjusted operating result (adjusted EBIT) are disclosed by segment. Management also
follows EBITDA and adjusted EBITDA.
To enhance the comparability between periods, Posti reports adjusted EBITDA and adjusted operating
result (adjusted EBIT), which exclude effects of significant items of income and expenses, which are
considered to incur outside the ordinary course of business (\u201dspecial items\u201d). Special items include
restructuring related costs such as employee, facility, contract termination and professional services,
impairment losses on assets, impairment on goodwill, gains or losses on sale of shares, real estates or
business operations and transaction costs, gains and losses from contingent consideration arising
from business acquisitions and costs incurred in the listing of Posti.
Expenses of providing services and other expenses reflect the breakdown of expenses used in internal
management reporting. Expenses of providing services contain direct expenses related to operative
business transactions. Other expenses contain indirect general and administrative expenses. Expenses
of providing services and other expenses amount to the expenses presented in the Consolidated
Income Statement on lines materials and services, employee benefits and other operating expenses.
Expenses of providing services and other expenses are directed and allocated to the segments based
on business transactions and usage of centralized functions.
Other and unallocated consists of centralized Group functions, and items which are not allocated to
the reportable segments. Balance sheet items allocated to the segments include non-current and
current operating assets and operating liabilities, including non-interest-bearing liabilities and
provisions. Other and unallocated includes Group\u2019s real estate and ICT related capital expenditure.
Eliminations include intra-group net sales and expenses to reconcile segment reporting to the Posti
Group consolidated figures.
Capital employed items allocated to the segments include non-current and current operating assets
and liabilities, including non-interest-bearing liabilities and provisions. Operating assets and liabilities
are items the segment uses in its operations or that may be reasonably allocated to the segments.
Other and unallocated includes items, which are not allocated to the segments, like investment
properties and dividend liabilities. Capital expenditure consists of additions of tangible and intangible
assets including additions of right-of-use assets and business acquisitions, and additions to
investment properties.
The measurement and recognition principles used in the internal management reporting comply with
the Group's accounting principles. Transactions between the segments are carried out at market
prices.
Seasonality
The Group\u2019s business is characterized by seasonality, and net sales and adjusted EBIT are not accrued
evenly throughout the year. The fourth quarter is typically the strongest quarter.
2025
EUR million
eCommerce
and Delivery
Services
Fulfillment
and Logistics
Services
Postal
Services
Other
and
unallocated
Eliminations
Group
total
Net sales, external
638.5
284.2
524.9
-
-
1,447.6
Net sales, internal
2.3
17.6
4.7
0.1
-24.7
-
Net sales
640.9
301.7
529.6
0.1
-24.7
1,447.6
Other operating income
0.6
1.2
7.1
100.7
-98.1
11.5
Expenses of providing services
-438.8
-204.0
-334.8
-4.8
-9.0
-991.4
Other expenses
-132.2
-67.2
-105.7
-113.9
131.8
-287.2
EBITDA
70.5
31.7
96.2
-18.0
-
180.4
Special items (impacting EBITDA)
-
3.5
4.0
8.6
-
16.0
Adjusted EBITDA
70.4
35.2
100.2
-9.4
-
196.4
EBITDA
70.5
31.7
96.2
-18.0
-
180.4
Depreciation & amortization
-48.3
-40.5
-34.5
-3.7
-
-126.9
Impairment losses
-0.1
-1.0
-
-
-
-1.2
Operating result (EBIT)
22.1
-9.8
61.7
-21.7
-
52.3
Special items (impacting EBIT)
-
4.4
4.0
8.6
-
17.0
Adjusted operating result
(adjusted EBIT)
22.0
-5.4
65.8
-13.1
-
69.3
Operating result (EBIT)
52.3
Financial income & expenses
-16.6
Taxes
-12.2
Result for the period
23.5
Investments
32.0
17.7
22.3
103.1
-
175.1
Personnel, end of period
3,254
3,565
6,253
679
-
13,751
Capital employed
259.2
296.9
158.5
82.6
-
797.3
2024
EUR million
eCommerce
and Delivery
Services
Fulfillment
and Logistics
Services
Postal
Services
Other
and
unallocated
Eliminations
Group
total
Net sales, external
638.1
285.2
598.1
-
-
1,521.4
Net sales, internal
2.8
17.8
4.8
0.1
-25.5
-
Net sales
640.9
303.0
602.9
0.1
-25.5
1,521.4
Other operating income
0.4
3.0
8.9
98.0
-94.5
15.7
Expenses of providing services
-433.0
-202.0
-397.2
-4.9
-4.1
-1,041.2
Other expenses
-137.2
-66.2
-114.7
-105.3
124.1
-299.3
EBITDA
71.2
37.8
99.8
-12.1
-
196.6
Special items (impacting EBITDA)
5.8
0.4
5.1
-0.3
-
11.0
Adjusted EBITDA
77.0
38.3
104.8
-12.5
-
207.6
EBITDA
71.2
37.8
99.8
-12.1
-
196.6
Depreciation & amortization
-45.8
-42.2
-35.6
-3.2
-
-126.7
Impairment losses
-0.3
-1.2
-0.1
-0.3
-
-1.9
Operating result (EBIT)
25.1
-5.6
64.1
-15.6
-
68.0
Special items (impacting EBIT)
5.8
1.6
5.1
-0.3
-
12.2
Adjusted operating result
(adjusted EBIT)
30.9
-4.0
69.2
-16.0
-
80.1
Operating result (EBIT)
68.0
Financial income & expenses
-9.0
Taxes
-15.1
Result for the period
43.8
Investments*
40.0
22.7
21.4
99.5
-
183.5
Personnel, end of period
3,333
3,750
6,999
682
-
14,764
Capital employed**
236.6
253.3
109.1
-52.5
-
546.6
*Investments of Other and unallocated 2024 have been restated with EUR 8.7 million related to the exchanges of land areas between Posti
and the City of Helsinki and with EUR -1.6 million related to a decrease of estimated environmental provision.
**Capital employed has been restated. Capital employed has been allocated from other and unallocated to reportable segments. Group total
has not been changed.
Special items affecting EBITDA and operating result (EBIT)
2025
EUR million
eCommerce and
Delivery
Services
Fulfillment
and Logistics
Services
Postal
Services
Other and
unallocated
Group
total
Personnel restructuring
-
2.2
2.1
0.7
5.0
Restructuring costs (other than
personnel-related costs)
-
1.0
-
-
1.0
Other special items
-
0.3
2.0
-
2.2
Listing costs
-
-
-
5.9
5.9
Listing incentive
-
-
-
2.0
2.0
Special items (impacting EBITDA)
-
3.5
4.0
8.6
16.0
Impairments
-
0.9
-
-
0.9
Special items (impacting EBIT)
-
4.4
4.0
8.6
17.0
2024
EUR million
eCommerce and
Delivery
Services
Fulfillment
and Logistics
Services
Postal
Services
Other and
unallocated
Group
total
Personnel restructuring
5.8
-
5.1
0.2
11.0
M&A related items
-
-
-
-0.5
-0.5
Other special items
-
0.4
-
-
0.4
Special items (impacting EBITDA)
5.8
0.4
5.1
-0.3
11.0
Impairments
-
1.2
-
-
1.2
Special items (impacting EBIT)
5.8
1.6
5.1
-0.3
12.2
Net sales of Fulfillment and Logistics Services
EUR million
2025
2024
Fulfillment and Logistics Services Finland
194.1
201.3
Fulfillment and Logistics Services Sweden
107.7
101.8
Fulfillment and Logistics Services, internal
-0.1
-
Total
301.7
303.0
Geographical areas
The Group operates in the following geographical areas: Finland, Sweden, Norway and the Baltics.
Other countries include international postal and parcel business. The net sales of the geographical
areas are determined by the geographical location of the Group's external customer. Assets are
presented according to their geographical location, and they include non-current assets except Group
goodwill, deferred tax assets and financial instruments. As an individual country, only Finland accounts
for a significant part of the Group's net sales. The Group\u2019s customer base consists of a large number
of customers over several market areas, and net sales to any single customer does not represent a
significant part of the Group\u2019s net sales.
2025
EUR million
Finland
Sweden
Baltics
Other
countries
Total
Net sales
1,160.3
138.5
58.1
90.6
1,447.6
Non-current assets
552.3
92.6
30.4
2.7
678.1
2024
EUR million
Finland
Sweden
Baltics
Other
countries
Total
Net sales
1,253.3
132.8
41.8
93.4
1,521.4
Non-current assets
495.5
99.7
31.3
0.5
627.1
Revenue streams
EUR million
2025
2024
Sales of services
1,433.4
1,506.8
Sales of goods
14.2
14.6
Total
1,447.6
1,521.4
", "dimensions": { "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-321": { "value": "
2025
EUR million
eCommerce
and Delivery
Services
Fulfillment
and Logistics
Services
Postal
Services
Other
and
unallocated
Eliminations
Group
total
Net sales, external
638.5
284.2
524.9
-
-
1,447.6
Net sales, internal
2.3
17.6
4.7
0.1
-24.7
-
Net sales
640.9
301.7
529.6
0.1
-24.7
1,447.6
Other operating income
0.6
1.2
7.1
100.7
-98.1
11.5
Expenses of providing services
-438.8
-204.0
-334.8
-4.8
-9.0
-991.4
Other expenses
-132.2
-67.2
-105.7
-113.9
131.8
-287.2
EBITDA
70.5
31.7
96.2
-18.0
-
180.4
Special items (impacting EBITDA)
-
3.5
4.0
8.6
-
16.0
Adjusted EBITDA
70.4
35.2
100.2
-9.4
-
196.4
EBITDA
70.5
31.7
96.2
-18.0
-
180.4
Depreciation & amortization
-48.3
-40.5
-34.5
-3.7
-
-126.9
Impairment losses
-0.1
-1.0
-
-
-
-1.2
Operating result (EBIT)
22.1
-9.8
61.7
-21.7
-
52.3
Special items (impacting EBIT)
-
4.4
4.0
8.6
-
17.0
Adjusted operating result
(adjusted EBIT)
22.0
-5.4
65.8
-13.1
-
69.3
Operating result (EBIT)
52.3
Financial income & expenses
-16.6
Taxes
-12.2
Result for the period
23.5
Investments
32.0
17.7
22.3
103.1
-
175.1
Personnel, end of period
3,254
3,565
6,253
679
-
13,751
Capital employed
259.2
296.9
158.5
82.6
-
797.3
2024
EUR million
eCommerce
and Delivery
Services
Fulfillment
and Logistics
Services
Postal
Services
Other
and
unallocated
Eliminations
Group
total
Net sales, external
638.1
285.2
598.1
-
-
1,521.4
Net sales, internal
2.8
17.8
4.8
0.1
-25.5
-
Net sales
640.9
303.0
602.9
0.1
-25.5
1,521.4
Other operating income
0.4
3.0
8.9
98.0
-94.5
15.7
Expenses of providing services
-433.0
-202.0
-397.2
-4.9
-4.1
-1,041.2
Other expenses
-137.2
-66.2
-114.7
-105.3
124.1
-299.3
EBITDA
71.2
37.8
99.8
-12.1
-
196.6
Special items (impacting EBITDA)
5.8
0.4
5.1
-0.3
-
11.0
Adjusted EBITDA
77.0
38.3
104.8
-12.5
-
207.6
EBITDA
71.2
37.8
99.8
-12.1
-
196.6
Depreciation & amortization
-45.8
-42.2
-35.6
-3.2
-
-126.7
Impairment losses
-0.3
-1.2
-0.1
-0.3
-
-1.9
Operating result (EBIT)
25.1
-5.6
64.1
-15.6
-
68.0
Special items (impacting EBIT)
5.8
1.6
5.1
-0.3
-
12.2
Adjusted operating result
(adjusted EBIT)
30.9
-4.0
69.2
-16.0
-
80.1
Operating result (EBIT)
68.0
Financial income & expenses
-9.0
Taxes
-15.1
Result for the period
43.8
Investments*
40.0
22.7
21.4
99.5
-
183.5
Personnel, end of period
3,333
3,750
6,999
682
-
14,764
Capital employed**
236.6
253.3
109.1
-52.5
-
546.6
*Investments of Other and unallocated 2024 have been restated with EUR 8.7 million related to the exchanges of land areas between Posti
and the City of Helsinki and with EUR -1.6 million related to a decrease of estimated environmental provision.
**Capital employed has been restated. Capital employed has been allocated from other and unallocated to reportable segments. Group total
has not been changed.
4. Other operating income
EUR million
2025
2024
Gains on disposals of property, plant and equipment
1.2
0.6
Rental income
1.5
3.7
Rents from investment property
0.5
1.1
Government grants, distribution support of Postal Services
7.0
8.0
Government grants, other
0.3
0.1
Other items
1.0
2.2
Total
11.5
15.7
Rental income consists mostly of rent income from buildings and condominiums owned by Posti.
Government grants are for the most part, state grants for newspaper five-day delivery in rural areas,
but also grants for transportation equipment investments, energy grants and research and business
development grants. Other items include income from the sale of services and materials as well as
income from the Posti Messaging business.
5. Materials and services
EUR million
2025
2024
Production materials
24.8
26.8
Subcontracting and external services
102.5
108.2
Mail transport and delivery services
223.2
229.9
Freight and transport
48.7
47.2
Total
399.2
412.2
Subcontracting and external services consist mainly of purchased subcontracting services for
production such as freight, forwarding and transport services.
6. Employee benefits
EUR million
2025
2024
Wages and salaries
502.6
528.8
Share-based payments
1.1
-
Pensions, defined contribution plans
80.1
84.5
Other social expenses
31.8
31.3
Total
615.6
644.6
The Group\u2019s personnel
1\u201312 2025
1\u201312 2024
Personnel at period-end
13,751
14,764
Finland
11,841
12,925
Other countries of operation
1,910
1,839
Personnel on average, FTE*
11,845
13,095
*Full-time equivalent personnel on average
The decrease in the number of personnel due to the results of change negotiations, as well as a
reduced need for seasonal employees caused the decrease in personnel costs. Employee benefit
expense includes EUR 5.0 (11.0) million of personnel restructuring costs relating primarily to the
restructuring carried out in conjunction with the operational transformation and the Group's
profitability improvement programs.
The Group\u2019s senior management, different operational management and specialist roles are involved
in the cash-settled short-term bonus plan. The bonus is based on the Group's, the unit's and the
team's financial and strategic indicators. Posti confirms annually the threshold values for these
indicators.
Decisions concerning long-term incentive schemes are made by the Board of Directors on the
recommendation of the Personnel Committee. Long-term incentive schemes are rolling 3-year
programs, which are settled in cash. Following Posti's listing, rewards under the incentive programs
may also be settled in shares, if decided. The schemes include the Leadership Team as well as key
employees per scheme named by the Personnel Committee. Until the listing, the schemes have been
implemented in accordance with valid guidelines by the state-owner concerning the remuneration of
executive management and follow the Posti\u2019s Remuneration Policy.
Information on defined benefit pension plans is presented in the note Pension liabilities.
The pension benefits of the President and CEO and the other members of the Leadership Team are
determined in accordance with law and customary practice. The Group has not taken out additional
pension insurance policies for the President and CEO or the Leadership Team. The retirement age of
the President and CEO is in accordance with the legal target retirement age.
Management remuneration*
EUR million
2025
2024
President and CEO
1.0
1.0
Posti Leadership Team (excl. CEO)
3.5
2.9
Board of Directors
0.4
0.4
Supervisory Board
0.0
0.0
Total
5.0
4.3
*Posti has adopted an performance-based reporting method instead of the previous payment-based method. The method of calculating the
figures for the comparison year has also been changed.
President and CEO*
EUR million
2025
2024
Salary**
0.5
0.8
Short-term bonus
0.0
0.2
Long-term incentive
0.0
0.1
Listing incentive, share-based payment ***
0.2
-
Listing incentive, cash-based payment ***
0.3
-
Total
1.0
1.0
*Year 2024 President and CEO remuneration includes Turkka Kuusisto's remuneration, Timo Karppinen's remuneration from March 21, 2024 to
July 31, 2024 and Antti J\u00e4\u00e4skel\u00e4inen's remuneration.
**Salary includes fringe benefits, holiday compensations, insurance coverage and possible special incentives. Salary presented in table
excludes pension and social security contributions. Costs under the Finnish statutory pension scheme for the President and CEO amounted to
EUR - (-) million and for the Posti Leadership Team amounted to EUR 0.4 (0.4) million
***President and CEO received a listing incentive in connection with the offering. The President and CEO stated to subscribe for shares in the
personnel offering in an amount corresponding to the net amount of the listing incentive. The net portion used for the share subscription has
accounted for as an equity-settled shared-based payment in accordance with IFRS 2, and the portion used for withholding tax has accounted
for as a cash-settled arrangement in accordance with IAS 19. For additional information see note Equity and Remuneration Report.
Posti Leadership Team (excl. CEO)
EUR million
2025
2024
Salary*
2.0
1.9
Short-term bonus
0.0
0.6
Long-term incentive
0.2
0.4
Listing incentive, share-based payment **
0.7
-
Listing incentive, cash-based payment **
0.6
-
Total
3.5
2.9
*Salary includes fringe benefits, holiday compensations, insurance coverage and possible special incentives. Salary presented in table
excludes pension and social security contributions. Costs under the Finnish statutory pension scheme for the President and CEO amounted to
EUR - (-) million and for the Posti Leadership Team amounted to EUR 0.4 (0.4) million
**Members of the Leadership Team received a listing incentive in connection with the offering. The members of the Leadership Team stated
to subscribe for shares in the personnel offering in an amount corresponding to the net amount of the listing incentive. The net portion used
for the share subscription has accounted for as an equity-settled shared-based payment in accordance with IFRS 2, and the portion used for
withholding tax has accounted for as a cash-settled arrangement in accordance with IAS 19. For additional information see note Equity and
Remuneration Report.
Board of Directors\u2019 Remuneration
EUR thousand
2025
2024
Sanna Suvanto-Harsaae (Chair)
77.7
63.6
Jukka Leinonen (Deputy chair)
51.1
42.0
Mervi Airaksinen*
30.6
-
Raija-Leena Hankonen-Nybom
49.3
41.4
Kari-Pekka Laaksonen**
8.2
42.6
Frank Marthaler
41.8
42.0
Tuomas M\u00e4kipeska*
30.6
-
Minna Pajumaa
46.0
37.8
Anni Ronkainen**
8.8
39.0
Stefan Svensson
41.8
38.4
Hanna Vuorela**
8.2
37.8
Satu Ollikainen (Employee Representative)***
8.4
7.2
Total
0.4
0.4
*Member of the Board since March 24, 2025
**Member of the Board until March 24, 2025
***Member of the Board until September 29, 2025. After that Employee Representative in the Board meetings.
Share-based payments
Description of Arrangements
During the financial year, the Company had two share\u2011based payment arrangements, both classified
as equity\u2011settled under IFRS\u202f2:
\u2022 Listing incentive: In connection with the listing, members of the Leadership Team were granted an
incentive totalling EUR 2.0 million, the net portion amounting to EUR 0.8 million of which was used to
subscribe for Company shares at a 10% discounted price. Under IFRS\u202f2, the share issue and the given
discount constitutes an equity\u2011settled share\u2011based payment measured at the grant\u2011date fair value
of the shares.
\u2022 Personnel Offering: In connection with the listing, Group personnel (including the Leadership Team
and the Board of Directors) were offered an opportunity to subscribe for Company shares at a 10%
discount to the listing price. All offered shares were subscribed. The discount is treated as a
share\u2011based payment under IFRS\u202f2.
The persons who participated in either one of the arrangements have undertaken to a lock-up
arrangement, which ends, for part of the listing incentive arrangement, 360 days following the first day
of trading in the shares, and, for part of the personnel offering, 180 days following the first day of
trading in the shares.
Number of Instruments Granted
Shares that were offered through both arrangements were part of a directed share issue totalling
500,000 new shares with the following split between arrangements:
\u2022 Shares subscribed through listing incentive: 114,541.
\u2022 Shares subscribed through personnel offering: 385,459 of which 55,216 was subscribed by the
members of the Leadership Team, 28,201 by the Board of Directors and 302,042 by the rest of the
Group employees.
Fair Value Measurement and Key Assumptions
As the arrangements did not include options or vesting conditions, the fair value of the shares granted
was determined based on the grant\u2011date market price per share.
\u2022 Grant\u2011date fair value: EUR 7.50 per share
\u2022 Subscription price in listing incentive and personnel offering: EUR 6.75 per share including discount
of EUR 0.75
As the fair value of employee services cannot be reliably measured, under IFRS\u202f2, the share\u2011based
payment expense corresponds to the euro amount of the discount multiplied by the number of shares
subscribed. As equity\u2011settled arrangements, the fair value is not remeasured after the grant date.
Expense Recognized in Profit or Loss
The following share\u2011based payment expenses were recognized within personnel expenses during the
financial year (the corresponding credit entry has been recognized in equity):
\u2022 Listing incentive: EUR 0.8 million
\u2022 Employee offering: EUR 0.4 million
\u2022 Total: EUR 1.1 million
Impact on Equity
The following equity entries were recognized in relation to the share\u2011based payment arrangements:
\u2022 Increase in the unrestricted equity fund: EUR 0.8 million.
\u2022 Increase in retained earnings: EUR 0.4 million
\u2022 Total increase in equity: EUR 1.1 million
As these arrangements are equity\u2011settled, all amounts were recognized directly in equity and no
liability was recorded.
7. Other operating expenses
EUR million
2025
2024
Other production expenses
80.3
89.6
ICT operating expenses
62.8
65.7
Short-term and low-value leases of premises, machinery and equipment
28.3
31.3
Facility maintenance
34.4
35.6
Administration, marketing and travel
34.0
35.0
Voluntary employee expenses
18.0
21.0
Losses on disposal of businesses and property, plant and equipment
0.7
-
Other operating items
5.4
5.5
Total
263.9
283.7
Other operating expenses in 2025 include EUR 5.1 million of listing costs. Other production expenses
include production vehicle and machinery spare part, maintenance and other expenses, fuels and
lubricants and other production related expenses.
Research and development expenditure in 2025 amounted to EUR 2.1 (2.8) million. Research and
development expenditure was 0.2% (0.2%) of the Group\u2019s total operating expenses. Expenditures
included in other operating expenses and employee benefits. Amortizations of capitalized
development costs amounted to EUR 10.4 (12.3) million. In 2025, capitalizations to development costs
in intangible assets were EUR 10.6 (8.2) million.
Auditor\u2019s fees
EUR million
2025
2024
PricewaterhouseCoopers Oy
Audit*
1.0
1.0
Other services**
1.6
0.1
Total
2.6
1.1
*Audit includes EUR 0.2 (0.1) million audit-related services.
**Other services consist mainly of costs related to the listing.
8. Depreciation, amortization and impairment losses
EUR million
2025
2024
Amortization on intangible assets
Development costs
10.4
12.3
Intangible rights
7.2
8.1
Total
17.6
20.4
Impairment losses on intangible assets
Impairment losses on intangible rights
0.0
0.5
Total
0.0
0.5
Depreciation on property, plant and equipment
Buildings and structures
8.0
7.6
Investment properties
0.1
-
Machinery and equipment
26.4
24.4
Other tangible assets
0.5
0.3
Total
34.9
32.3
Impairment losses on property, plant and equipment
Impairment losses on machinery and equipment
0.2
0.3
Impairment losses on buildings
0.0
0.0
Total
0.3
0.3
Depreciation on right-of-use assets
Buildings and structures
47.5
48.2
Vehicles
21.7
21.1
Machinery and equipment
5.2
4.7
Total
74.4
74.0
Impairment losses on right-of-use assets
Buildings and structures
0.9
1.1
Total
0.9
1.1
Total depreciation, amortization and impairment losses
128.1
128.7
", "dimensions": { "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-323": { "value": "
2. Acquired and divested businesses and discontinued operations
2025
There were no acquisitions, divestments or discontinued operations in 2025.
2024
Posti entered a 10-year strategic partnership with IT and consulting company CGI on development and
delivery of digital multichannel messaging in Postal Services. On March 1, 2024, 88 professionals in
Finland, Poland, Latvia, and Estonia transferred to CGI.
On May 31, 2024, Fulfillment and Logistics Services Sweden (previously Aditro Logistics) acquired all
shares of Cargo Support Holding C.S.H. AB, a Swedish specialist in packaging solutions. The company
had net sales of around EUR 2 million and employs 17 people. A goodwill of EUR 1.0 million was
recognized in the acquisition. The acquisition was planned to support Posti\u2019s strategic targets in
Sweden and adds new capabilities and competencies, especially within the industrial segment.
Acquisition-related costs of EUR 0.1 million were recognized as other operating expenses. The
acquisition did not have a material impact on the Group's Consolidated Income Statement or Balance
Sheet.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDiscontinuedOperationsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-322": { "value": "
2. Acquired and divested businesses and discontinued operations
2025
There were no acquisitions, divestments or discontinued operations in 2025.
2024
Posti entered a 10-year strategic partnership with IT and consulting company CGI on development and
delivery of digital multichannel messaging in Postal Services. On March 1, 2024, 88 professionals in
Finland, Poland, Latvia, and Estonia transferred to CGI.
On May 31, 2024, Fulfillment and Logistics Services Sweden (previously Aditro Logistics) acquired all
shares of Cargo Support Holding C.S.H. AB, a Swedish specialist in packaging solutions. The company
had net sales of around EUR 2 million and employs 17 people. A goodwill of EUR 1.0 million was
recognized in the acquisition. The acquisition was planned to support Posti\u2019s strategic targets in
Sweden and adds new capabilities and competencies, especially within the industrial segment.
Acquisition-related costs of EUR 0.1 million were recognized as other operating expenses. The
acquisition did not have a material impact on the Group's Consolidated Income Statement or Balance
Sheet.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-325": { "value": "
3. Revenue from contracts with customers
The Group\u2019s revenue is mostly generated by the rendering of short-term parcel and mail sorting,
delivery services, and warehouse and logistics services. A more detailed description of services
provided by operating segments, the disaggregation of revenue and services by operating segment,
by customer location and by sale of services or goods is presented in the note Segment reporting.
Revenue recognition policies are described in Accounting policies.
Assets and liabilities related to contracts with customers
The Group has recognized the following assets and liabilities related to contracts with customers:
EUR million
2025
2024
Contract assets on terminal dues
3.5
5.2
Other contract assets
10.2
8.4
Contract assets total
13.7
13.6
Contract liabilities on prepaid services
6.3
7.6
Other contract liabilities
5.9
5.1
Contract liabilities total
12.2
12.7
Contract liabilities on prepaid services include deferred revenue for stamps, prepaid envelopes and
franking machines held by the customer to be used in future periods. The amount has been
determined using statistical models and surveys. The method has been described in more detail in the
Accounting policies in the section Revenue recognition.
Offsetting of terminal due assets and liabilities
Contract assets on terminal dues (from other postal administrations) relate to inbound international
mail. According to the international multilateral contracts, such as the Universal Postal Convention,
the postal operator with a net receivable has the right to receive an advance payment for the
estimated annual receivable position (outbound mail liability is deducted).
Therefore, the net receivable position resulting from terminal dues at year-end is materially paid in
advance, and the balance sheet position represents the net position with the postal operator
counterparty. Where services delivered exceed purchased deliveries and are in excess of the advance
received, the position is presented either as a contract asset or a trade receivable depending on
whether Posti has the unconditional right to invoice.
The amounts that have been offset in the balance sheet
Terminal due assets
2025
2024
Terminal due assets, gross amount
38.5
40.7
Offset in the balance sheet
-29.0
-30.7
Net amount reported in the balance sheet
9.6
10.0
Terminal due liabilities
2025
2024
Terminal due liabilities, gross amount
34.2
38.7
Offset in the balance sheet
-29.0
-30.7
Net amount reported in the balance sheet
5.3
8.0
As stated above, terminal dues related to international mail are subject to offsetting rules defined in
international multilateral contracts, such as the Universal Postal Convention. Terminal dues have been
offset in the balance sheet as the net position is settled with the counterparty on an annual basis.
These net amounts are presented within trade and other receivables, trade and other payables, and
advances received.
Revenue recognized in relation to contract liabilities
Revenue recognized for the period that was included in the contract liabilities at the beginning of the
period:
EUR million
2025
2024
Stamps and other prepaid services
7.6
7.9
Other contract liabilities
5.1
2.7
Total
12.7
10.6
Remaining performance obligations
The Group expects to recognize all contract liabilities related to unsatisfied performance obligations
within the following financial year.
Assets recognized from costs incurred to fulfill a contract
In addition to the contract balances disclosed above, the Group has also recognized an asset of EUR
0.4 (0.4) million in relation to sales commissions to stamp retailers. This is presented within other
assets on the balance sheet and recognized as expense when the related revenue is recognized in net
sales.
Payment terms
The revenue is typically invoiced when the performance obligation is satisfied. For stamps, prepaid
envelopes and franking machines as well as for sales taking place at retail locations, revenue is
invoiced at the time of the purchasing event. The Group follows market practices for payment terms,
which most commonly vary between 14 and 45 days. Payment terms on terminal dues related to
international mail are in accordance with international multilateral contracts and a settlement system,
where prepayments are made during the financial year and final settlement of yearly payables and
receivables is performed in the following year.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-324": { "value": "
3. Revenue from contracts with customers
The Group\u2019s revenue is mostly generated by the rendering of short-term parcel and mail sorting,
delivery services, and warehouse and logistics services. A more detailed description of services
provided by operating segments, the disaggregation of revenue and services by operating segment,
by customer location and by sale of services or goods is presented in the note Segment reporting.
Revenue recognition policies are described in Accounting policies.
Assets and liabilities related to contracts with customers
The Group has recognized the following assets and liabilities related to contracts with customers:
EUR million
2025
2024
Contract assets on terminal dues
3.5
5.2
Other contract assets
10.2
8.4
Contract assets total
13.7
13.6
Contract liabilities on prepaid services
6.3
7.6
Other contract liabilities
5.9
5.1
Contract liabilities total
12.2
12.7
Contract liabilities on prepaid services include deferred revenue for stamps, prepaid envelopes and
franking machines held by the customer to be used in future periods. The amount has been
determined using statistical models and surveys. The method has been described in more detail in the
Accounting policies in the section Revenue recognition.
Offsetting of terminal due assets and liabilities
Contract assets on terminal dues (from other postal administrations) relate to inbound international
mail. According to the international multilateral contracts, such as the Universal Postal Convention,
the postal operator with a net receivable has the right to receive an advance payment for the
estimated annual receivable position (outbound mail liability is deducted).
Therefore, the net receivable position resulting from terminal dues at year-end is materially paid in
advance, and the balance sheet position represents the net position with the postal operator
counterparty. Where services delivered exceed purchased deliveries and are in excess of the advance
received, the position is presented either as a contract asset or a trade receivable depending on
whether Posti has the unconditional right to invoice.
The amounts that have been offset in the balance sheet
Terminal due assets
2025
2024
Terminal due assets, gross amount
38.5
40.7
Offset in the balance sheet
-29.0
-30.7
Net amount reported in the balance sheet
9.6
10.0
Terminal due liabilities
2025
2024
Terminal due liabilities, gross amount
34.2
38.7
Offset in the balance sheet
-29.0
-30.7
Net amount reported in the balance sheet
5.3
8.0
As stated above, terminal dues related to international mail are subject to offsetting rules defined in
international multilateral contracts, such as the Universal Postal Convention. Terminal dues have been
offset in the balance sheet as the net position is settled with the counterparty on an annual basis.
These net amounts are presented within trade and other receivables, trade and other payables, and
advances received.
Revenue recognized in relation to contract liabilities
Revenue recognized for the period that was included in the contract liabilities at the beginning of the
period:
EUR million
2025
2024
Stamps and other prepaid services
7.6
7.9
Other contract liabilities
5.1
2.7
Total
12.7
10.6
Remaining performance obligations
The Group expects to recognize all contract liabilities related to unsatisfied performance obligations
within the following financial year.
Assets recognized from costs incurred to fulfill a contract
In addition to the contract balances disclosed above, the Group has also recognized an asset of EUR
0.4 (0.4) million in relation to sales commissions to stamp retailers. This is presented within other
assets on the balance sheet and recognized as expense when the related revenue is recognized in net
sales.
Payment terms
The revenue is typically invoiced when the performance obligation is satisfied. For stamps, prepaid
envelopes and franking machines as well as for sales taking place at retail locations, revenue is
invoiced at the time of the purchasing event. The Group follows market practices for payment terms,
which most commonly vary between 14 and 45 days. Payment terms on terminal dues related to
international mail are in accordance with international multilateral contracts and a settlement system,
where prepayments are made during the financial year and final settlement of yearly payables and
receivables is performed in the following year.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-328": { "value": "
4. Other operating income
EUR million
2025
2024
Gains on disposals of property, plant and equipment
1.2
0.6
Rental income
1.5
3.7
Rents from investment property
0.5
1.1
Government grants, distribution support of Postal Services
7.0
8.0
Government grants, other
0.3
0.1
Other items
1.0
2.2
Total
11.5
15.7
Rental income consists mostly of rent income from buildings and condominiums owned by Posti.
Government grants are for the most part, state grants for newspaper five-day delivery in rural areas,
but also grants for transportation equipment investments, energy grants and research and business
development grants. Other items include income from the sale of services and materials as well as
income from the Posti Messaging business.
Posti has business relations with government-related entities. Posti has recognized EUR 7.1 (8.1) million
in government grants from Traficom regarding Postal Services distribution support and vehicle
acquisition support. Receivables related to previous grant periods total EUR 8.4 (5.2) million. Advances
received for ongoing grant period are EUR 2.2 (1.6) million. During the periods presented, Posti did not
carry out any other business transactions with these entities that were individually or collectively
significant quantitatively or qualitatively.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-327": { "value": "
4. Other operating income
EUR million
2025
2024
Gains on disposals of property, plant and equipment
1.2
0.6
Rental income
1.5
3.7
Rents from investment property
0.5
1.1
Government grants, distribution support of Postal Services
7.0
8.0
Government grants, other
0.3
0.1
Other items
1.0
2.2
Total
11.5
15.7
Rental income consists mostly of rent income from buildings and condominiums owned by Posti.
Government grants are for the most part, state grants for newspaper five-day delivery in rural areas,
but also grants for transportation equipment investments, energy grants and research and business
development grants. Other items include income from the sale of services and materials as well as
income from the Posti Messaging business.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-326": { "value": "
4. Other operating income
EUR million
2025
2024
Gains on disposals of property, plant and equipment
1.2
0.6
Rental income
1.5
3.7
Rents from investment property
0.5
1.1
Government grants, distribution support of Postal Services
7.0
8.0
Government grants, other
0.3
0.1
Other items
1.0
2.2
Total
11.5
15.7
Rental income consists mostly of rent income from buildings and condominiums owned by Posti.
Government grants are for the most part, state grants for newspaper five-day delivery in rural areas,
but also grants for transportation equipment investments, energy grants and research and business
development grants. Other items include income from the sale of services and materials as well as
income from the Posti Messaging business.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-331": { "value": "
5. Materials and services
EUR million
2025
2024
Production materials
24.8
26.8
Subcontracting and external services
102.5
108.2
Mail transport and delivery services
223.2
229.9
Freight and transport
48.7
47.2
Total
399.2
412.2
Subcontracting and external services consist mainly of purchased subcontracting services for
production such as freight, forwarding and transport services.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-330": { "value": "
5. Materials and services
EUR million
2025
2024
Production materials
24.8
26.8
Subcontracting and external services
102.5
108.2
Mail transport and delivery services
223.2
229.9
Freight and transport
48.7
47.2
Total
399.2
412.2
Subcontracting and external services consist mainly of purchased subcontracting services for
production such as freight, forwarding and transport services.
7. Other operating expenses
EUR million
2025
2024
Other production expenses
80.3
89.6
ICT operating expenses
62.8
65.7
Short-term and low-value leases of premises, machinery and equipment
28.3
31.3
Facility maintenance
34.4
35.6
Administration, marketing and travel
34.0
35.0
Voluntary employee expenses
18.0
21.0
Losses on disposal of businesses and property, plant and equipment
0.7
-
Other operating items
5.4
5.5
Total
263.9
283.7
Other operating expenses in 2025 include EUR 5.1 million of listing costs. Other production expenses
include production vehicle and machinery spare part, maintenance and other expenses, fuels and
lubricants and other production related expenses.
Research and development expenditure in 2025 amounted to EUR 2.1 (2.8) million. Research and
development expenditure was 0.2% (0.2%) of the Group\u2019s total operating expenses. Expenditures
included in other operating expenses and employee benefits. Amortizations of capitalized
development costs amounted to EUR 10.4 (12.3) million. In 2025, capitalizations to development costs
in intangible assets were EUR 10.6 (8.2) million.
Auditor\u2019s fees
EUR million
2025
2024
PricewaterhouseCoopers Oy
Audit*
1.0
1.0
Other services**
1.6
0.1
Total
2.6
1.1
*Audit includes EUR 0.2 (0.1) million audit-related services.
**Other services consist mainly of costs related to the listing.
", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-329": { "value": "
5. Materials and services
EUR million
2025
2024
Production materials
24.8
26.8
Subcontracting and external services
102.5
108.2
Mail transport and delivery services
223.2
229.9
Freight and transport
48.7
47.2
Total
399.2
412.2
Subcontracting and external services consist mainly of purchased subcontracting services for
production such as freight, forwarding and transport services.
7. Other operating expenses
EUR million
2025
2024
Other production expenses
80.3
89.6
ICT operating expenses
62.8
65.7
Short-term and low-value leases of premises, machinery and equipment
28.3
31.3
Facility maintenance
34.4
35.6
Administration, marketing and travel
34.0
35.0
Voluntary employee expenses
18.0
21.0
Losses on disposal of businesses and property, plant and equipment
0.7
-
Other operating items
5.4
5.5
Total
263.9
283.7
Other operating expenses in 2025 include EUR 5.1 million of listing costs. Other production expenses
include production vehicle and machinery spare part, maintenance and other expenses, fuels and
lubricants and other production related expenses.
Research and development expenditure in 2025 amounted to EUR 2.1 (2.8) million. Research and
development expenditure was 0.2% (0.2%) of the Group\u2019s total operating expenses. Expenditures
included in other operating expenses and employee benefits. Amortizations of capitalized
development costs amounted to EUR 10.4 (12.3) million. In 2025, capitalizations to development costs
in intangible assets were EUR 10.6 (8.2) million.
Auditor\u2019s fees
EUR million
2025
2024
PricewaterhouseCoopers Oy
Audit*
1.0
1.0
Other services**
1.6
0.1
Total
2.6
1.1
*Audit includes EUR 0.2 (0.1) million audit-related services.
**Other services consist mainly of costs related to the listing.
8. Depreciation, amortization and impairment losses
EUR million
2025
2024
Amortization on intangible assets
Development costs
10.4
12.3
Intangible rights
7.2
8.1
Total
17.6
20.4
Impairment losses on intangible assets
Impairment losses on intangible rights
0.0
0.5
Total
0.0
0.5
Depreciation on property, plant and equipment
Buildings and structures
8.0
7.6
Investment properties
0.1
-
Machinery and equipment
26.4
24.4
Other tangible assets
0.5
0.3
Total
34.9
32.3
Impairment losses on property, plant and equipment
Impairment losses on machinery and equipment
0.2
0.3
Impairment losses on buildings
0.0
0.0
Total
0.3
0.3
Depreciation on right-of-use assets
Buildings and structures
47.5
48.2
Vehicles
21.7
21.1
Machinery and equipment
5.2
4.7
Total
74.4
74.0
Impairment losses on right-of-use assets
Buildings and structures
0.9
1.1
Total
0.9
1.1
Total depreciation, amortization and impairment losses
128.1
128.7
Financial expenses
EUR million
2025
2024
Interest expenses
Financial lease liabilities at amortized cost
10.5
10.0
Other financial liabilities at amortized cost
8.2
2.6
Exchange rate losses
Interest-bearing receivables and liabilities
0.1
1.5
Currency derivatives, non-hedge accounting
1.8
0.8
Other financial expenses
0.4
0.5
Total
21.0
15.5
The Group has withdrawn more loans from financial institutions and issued commercial papers. As a
result the interest expenses have increased from the comparison year.", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-332": { "value": "
6. Employee benefits
EUR million
2025
2024
Wages and salaries
502.6
528.8
Share-based payments
1.1
-
Pensions, defined contribution plans
80.1
84.5
Other social expenses
31.8
31.3
Total
615.6
644.6
The Group\u2019s personnel
1\u201312 2025
1\u201312 2024
Personnel at period-end
13,751
14,764
Finland
11,841
12,925
Other countries of operation
1,910
1,839
Personnel on average, FTE*
11,845
13,095
*Full-time equivalent personnel on average
The decrease in the number of personnel due to the results of change negotiations, as well as a
reduced need for seasonal employees caused the decrease in personnel costs. Employee benefit
expense includes EUR 5.0 (11.0) million of personnel restructuring costs relating primarily to the
restructuring carried out in conjunction with the operational transformation and the Group's
profitability improvement programs.
The Group\u2019s senior management, different operational management and specialist roles are involved
in the cash-settled short-term bonus plan. The bonus is based on the Group's, the unit's and the
team's financial and strategic indicators. Posti confirms annually the threshold values for these
indicators.
Decisions concerning long-term incentive schemes are made by the Board of Directors on the
recommendation of the Personnel Committee. Long-term incentive schemes are rolling 3-year
programs, which are settled in cash. Following Posti's listing, rewards under the incentive programs
may also be settled in shares, if decided. The schemes include the Leadership Team as well as key
employees per scheme named by the Personnel Committee. Until the listing, the schemes have been
implemented in accordance with valid guidelines by the state-owner concerning the remuneration of
executive management and follow the Posti\u2019s Remuneration Policy.
Information on defined benefit pension plans is presented in the note Pension liabilities.
The pension benefits of the President and CEO and the other members of the Leadership Team are
determined in accordance with law and customary practice. The Group has not taken out additional
pension insurance policies for the President and CEO or the Leadership Team. The retirement age of
the President and CEO is in accordance with the legal target retirement age.
Management remuneration*
EUR million
2025
2024
President and CEO
1.0
1.0
Posti Leadership Team (excl. CEO)
3.5
2.9
Board of Directors
0.4
0.4
Supervisory Board
0.0
0.0
Total
5.0
4.3
*Posti has adopted an performance-based reporting method instead of the previous payment-based method. The method of calculating the
figures for the comparison year has also been changed.
President and CEO*
EUR million
2025
2024
Salary**
0.5
0.8
Short-term bonus
0.0
0.2
Long-term incentive
0.0
0.1
Listing incentive, share-based payment ***
0.2
-
Listing incentive, cash-based payment ***
0.3
-
Total
1.0
1.0
*Year 2024 President and CEO remuneration includes Turkka Kuusisto's remuneration, Timo Karppinen's remuneration from March 21, 2024 to
July 31, 2024 and Antti J\u00e4\u00e4skel\u00e4inen's remuneration.
**Salary includes fringe benefits, holiday compensations, insurance coverage and possible special incentives. Salary presented in table
excludes pension and social security contributions. Costs under the Finnish statutory pension scheme for the President and CEO amounted to
EUR - (-) million and for the Posti Leadership Team amounted to EUR 0.4 (0.4) million
***President and CEO received a listing incentive in connection with the offering. The President and CEO stated to subscribe for shares in the
personnel offering in an amount corresponding to the net amount of the listing incentive. The net portion used for the share subscription has
accounted for as an equity-settled shared-based payment in accordance with IFRS 2, and the portion used for withholding tax has accounted
for as a cash-settled arrangement in accordance with IAS 19. For additional information see note Equity and Remuneration Report.
Posti Leadership Team (excl. CEO)
EUR million
2025
2024
Salary*
2.0
1.9
Short-term bonus
0.0
0.6
Long-term incentive
0.2
0.4
Listing incentive, share-based payment **
0.7
-
Listing incentive, cash-based payment **
0.6
-
Total
3.5
2.9
*Salary includes fringe benefits, holiday compensations, insurance coverage and possible special incentives. Salary presented in table
excludes pension and social security contributions. Costs under the Finnish statutory pension scheme for the President and CEO amounted to
EUR - (-) million and for the Posti Leadership Team amounted to EUR 0.4 (0.4) million
**Members of the Leadership Team received a listing incentive in connection with the offering. The members of the Leadership Team stated
to subscribe for shares in the personnel offering in an amount corresponding to the net amount of the listing incentive. The net portion used
for the share subscription has accounted for as an equity-settled shared-based payment in accordance with IFRS 2, and the portion used for
withholding tax has accounted for as a cash-settled arrangement in accordance with IAS 19. For additional information see note Equity and
Remuneration Report.
Board of Directors\u2019 Remuneration
EUR thousand
2025
2024
Sanna Suvanto-Harsaae (Chair)
77.7
63.6
Jukka Leinonen (Deputy chair)
51.1
42.0
Mervi Airaksinen*
30.6
-
Raija-Leena Hankonen-Nybom
49.3
41.4
Kari-Pekka Laaksonen**
8.2
42.6
Frank Marthaler
41.8
42.0
Tuomas M\u00e4kipeska*
30.6
-
Minna Pajumaa
46.0
37.8
Anni Ronkainen**
8.8
39.0
Stefan Svensson
41.8
38.4
Hanna Vuorela**
8.2
37.8
Satu Ollikainen (Employee Representative)***
8.4
7.2
Total
0.4
0.4
*Member of the Board since March 24, 2025
**Member of the Board until March 24, 2025
***Member of the Board until September 29, 2025. After that Employee Representative in the Board meetings.
Share-based payments
Description of Arrangements
During the financial year, the Company had two share\u2011based payment arrangements, both classified
as equity\u2011settled under IFRS\u202f2:
\u2022 Listing incentive: In connection with the listing, members of the Leadership Team were granted an
incentive totalling EUR 2.0 million, the net portion amounting to EUR 0.8 million of which was used to
subscribe for Company shares at a 10% discounted price. Under IFRS\u202f2, the share issue and the given
discount constitutes an equity\u2011settled share\u2011based payment measured at the grant\u2011date fair value
of the shares.
\u2022 Personnel Offering: In connection with the listing, Group personnel (including the Leadership Team
and the Board of Directors) were offered an opportunity to subscribe for Company shares at a 10%
discount to the listing price. All offered shares were subscribed. The discount is treated as a
share\u2011based payment under IFRS\u202f2.
The persons who participated in either one of the arrangements have undertaken to a lock-up
arrangement, which ends, for part of the listing incentive arrangement, 360 days following the first day
of trading in the shares, and, for part of the personnel offering, 180 days following the first day of
trading in the shares.
Number of Instruments Granted
Shares that were offered through both arrangements were part of a directed share issue totalling
500,000 new shares with the following split between arrangements:
\u2022 Shares subscribed through listing incentive: 114,541.
\u2022 Shares subscribed through personnel offering: 385,459 of which 55,216 was subscribed by the
members of the Leadership Team, 28,201 by the Board of Directors and 302,042 by the rest of the
Group employees.
Fair Value Measurement and Key Assumptions
As the arrangements did not include options or vesting conditions, the fair value of the shares granted
was determined based on the grant\u2011date market price per share.
\u2022 Grant\u2011date fair value: EUR 7.50 per share
\u2022 Subscription price in listing incentive and personnel offering: EUR 6.75 per share including discount
of EUR 0.75
As the fair value of employee services cannot be reliably measured, under IFRS\u202f2, the share\u2011based
payment expense corresponds to the euro amount of the discount multiplied by the number of shares
subscribed. As equity\u2011settled arrangements, the fair value is not remeasured after the grant date.
Expense Recognized in Profit or Loss
The following share\u2011based payment expenses were recognized within personnel expenses during the
financial year (the corresponding credit entry has been recognized in equity):
\u2022 Listing incentive: EUR 0.8 million
\u2022 Employee offering: EUR 0.4 million
\u2022 Total: EUR 1.1 million
Impact on Equity
The following equity entries were recognized in relation to the share\u2011based payment arrangements:
\u2022 Increase in the unrestricted equity fund: EUR 0.8 million.
\u2022 Increase in retained earnings: EUR 0.4 million
\u2022 Total increase in equity: EUR 1.1 million
As these arrangements are equity\u2011settled, all amounts were recognized directly in equity and no
liability was recorded.
18. Pension liabilities
Main characteristics of the defined benefit pension plans
The Group applies several pension plans in different countries, managed according to the local
regulations and practices effective in each country. The Group's defined benefit pension schemes are
related to Finnish insured voluntary pension plans. The plans are voluntary plans supplementing
statutory pensions. Funded plans are insurance policies and the assets of the plan are part of the
investment assets of the insurance company. The insurance covers old age pension, and the level of
benefits provided depends usually on the employee's salary level and the length of service.
The Group is exposed to various risks of the defined benefit plans. As the discount rates applied in
measuring the defined benefit obligation are determined based on yields of corporate bonds, the
Group is exposed to the related interest rate risk. Since the majority of plans entail lifetime benefits to
the members, the increase in the life expectancy for pensioners increases the Group's liability. Certain
plans are also adjusted to inflation and higher inflation increases the present value of the plan. The
majority of the plan assets are not affected by the inflation; consequently higher inflation increases
the deficit of the plan.
Defined benefit pension liabilities in the balance sheet
EUR million
2025
2024
Present value of funded obligation
38.6
43.4
Fair value of plan assets
-33.7
-37.7
Deficit
4.9
5.7
Defined benefit pension expenses in the income statement
EUR million
2025
2024
Interest expense
0.1
0.2
Total
0.1
0.2
Statement of comprehensive income
EUR million
2025
2024
Remeasurement gains (-) and losses (+)
-0.4
-0.3
Changes in the present value of the pension obligation
EUR million
2025
2024
Obligation at the beginning of the period
43.4
46.0
Interest expense
1.1
1.5
Paid benefits
-4.7
-4.9
Actuarial gains (-) and losses (+) on changes in financial assumptions
-0.8
1.1
Experience-based gains (-) and losses (+)
-0.4
-0.4
Obligation at the end of the period
38.6
43.4
Changes in the fair value of the plan assets
EUR million
2025
2024
Fair value of the plan assets at the beginning of the period
37.7
37.4
Interest income
1.0
1.3
Paid benefits
-4.7
-4.9
Employer contributions
0.5
2.9
Actual return on plan assets less interest income
-0.8
1.0
Fair value of the plan assets at the end of the period
33.7
37.7
Estimated contributions payable to the defined benefit plans during the next financial period total
EUR 0.4 million. The average duration of the defined benefit plan obligation at the end of the reporting
period is 7.0 years.
The plan assets are the responsibility of the insurance company and a part of the insurance
company's investment assets. The distribution within categories is not possible to provide.
Key actuarial assumptions and sensitivity analysis
2025
2024
Discount rate (%)
3.0\u20133.7
2.7\u20133.1
Future pension increase expectation (%)
2.1\u20132.2
2.0\u20132.1
2025
Change in defined benefit liability
EUR million
Change in assumption
Increase in assumption
Decrease in assumption
Discount rate
0.25%
-0.1
-2.8%
0.1
3.0%
Pension increase rate
0.25%
0.6
11.8%
-0.6
-11.5%
EUR million
Increase by one year
Decrease by one year
Life expectancy at birth
0.5
9.8%
-0.3
-6.0%
2024
Change in defined benefit liability
EUR million
Change in assumption
Increase in assumption
Decrease in assumption
Discount rate
0.25%
-0.2
-2.9%
0.2
3.1%
Pension increase rate
0.25%
0.7
12.1%
-0.7
-11.7%
EUR million
Increase by one year
Decrease by one year
Life expectancy at birth
0.5
9.6%
-0.5
-8.9%
The above analysis is based on only changing one assumption while holding all other assumptions
constant.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-333": { "value": "
The Group\u2019s personnel
1\u201312 2025
1\u201312 2024
Personnel at period-end
13,751
14,764
Finland
11,841
12,925
Other countries of operation
1,910
1,839
Personnel on average, FTE*
11,845
13,095
*Full-time equivalent personnel on average
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-334": { "value": "
Management remuneration*
EUR million
2025
2024
President and CEO
1.0
1.0
Posti Leadership Team (excl. CEO)
3.5
2.9
Board of Directors
0.4
0.4
Supervisory Board
0.0
0.0
Total
5.0
4.3
*Posti has adopted an performance-based reporting method instead of the previous payment-based method. The method of calculating the
figures for the comparison year has also been changed.
President and CEO*
EUR million
2025
2024
Salary**
0.5
0.8
Short-term bonus
0.0
0.2
Long-term incentive
0.0
0.1
Listing incentive, share-based payment ***
0.2
-
Listing incentive, cash-based payment ***
0.3
-
Total
1.0
1.0
*Year 2024 President and CEO remuneration includes Turkka Kuusisto's remuneration, Timo Karppinen's remuneration from March 21, 2024 to
July 31, 2024 and Antti J\u00e4\u00e4skel\u00e4inen's remuneration.
**Salary includes fringe benefits, holiday compensations, insurance coverage and possible special incentives. Salary presented in table
excludes pension and social security contributions. Costs under the Finnish statutory pension scheme for the President and CEO amounted to
EUR - (-) million and for the Posti Leadership Team amounted to EUR 0.4 (0.4) million
***President and CEO received a listing incentive in connection with the offering. The President and CEO stated to subscribe for shares in the
personnel offering in an amount corresponding to the net amount of the listing incentive. The net portion used for the share subscription has
accounted for as an equity-settled shared-based payment in accordance with IFRS 2, and the portion used for withholding tax has accounted
for as a cash-settled arrangement in accordance with IAS 19. For additional information see note Equity and Remuneration Report.
Posti Leadership Team (excl. CEO)
EUR million
2025
2024
Salary*
2.0
1.9
Short-term bonus
0.0
0.6
Long-term incentive
0.2
0.4
Listing incentive, share-based payment **
0.7
-
Listing incentive, cash-based payment **
0.6
-
Total
3.5
2.9
*Salary includes fringe benefits, holiday compensations, insurance coverage and possible special incentives. Salary presented in table
excludes pension and social security contributions. Costs under the Finnish statutory pension scheme for the President and CEO amounted to
EUR - (-) million and for the Posti Leadership Team amounted to EUR 0.4 (0.4) million
**Members of the Leadership Team received a listing incentive in connection with the offering. The members of the Leadership Team stated
to subscribe for shares in the personnel offering in an amount corresponding to the net amount of the listing incentive. The net portion used
for the share subscription has accounted for as an equity-settled shared-based payment in accordance with IFRS 2, and the portion used for
withholding tax has accounted for as a cash-settled arrangement in accordance with IAS 19. For additional information see note Equity and
Remuneration Report.
Board of Directors\u2019 Remuneration
EUR thousand
2025
2024
Sanna Suvanto-Harsaae (Chair)
77.7
63.6
Jukka Leinonen (Deputy chair)
51.1
42.0
Mervi Airaksinen*
30.6
-
Raija-Leena Hankonen-Nybom
49.3
41.4
Kari-Pekka Laaksonen**
8.2
42.6
Frank Marthaler
41.8
42.0
Tuomas M\u00e4kipeska*
30.6
-
Minna Pajumaa
46.0
37.8
Anni Ronkainen**
8.8
39.0
Stefan Svensson
41.8
38.4
Hanna Vuorela**
8.2
37.8
Satu Ollikainen (Employee Representative)***
8.4
7.2
Total
0.4
0.4
*Member of the Board since March 24, 2025
**Member of the Board until March 24, 2025
***Member of the Board until September 29, 2025. After that Employee Representative in the Board meetings.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-335": { "value": "
Share-based payments
Description of Arrangements
During the financial year, the Company had two share\u2011based payment arrangements, both classified
as equity\u2011settled under IFRS\u202f2:
\u2022 Listing incentive: In connection with the listing, members of the Leadership Team were granted an
incentive totalling EUR 2.0 million, the net portion amounting to EUR 0.8 million of which was used to
subscribe for Company shares at a 10% discounted price. Under IFRS\u202f2, the share issue and the given
discount constitutes an equity\u2011settled share\u2011based payment measured at the grant\u2011date fair value
of the shares.
\u2022 Personnel Offering: In connection with the listing, Group personnel (including the Leadership Team
and the Board of Directors) were offered an opportunity to subscribe for Company shares at a 10%
discount to the listing price. All offered shares were subscribed. The discount is treated as a
share\u2011based payment under IFRS\u202f2.
The persons who participated in either one of the arrangements have undertaken to a lock-up
arrangement, which ends, for part of the listing incentive arrangement, 360 days following the first day
of trading in the shares, and, for part of the personnel offering, 180 days following the first day of
trading in the shares.
Number of Instruments Granted
Shares that were offered through both arrangements were part of a directed share issue totalling
500,000 new shares with the following split between arrangements:
\u2022 Shares subscribed through listing incentive: 114,541.
\u2022 Shares subscribed through personnel offering: 385,459 of which 55,216 was subscribed by the
members of the Leadership Team, 28,201 by the Board of Directors and 302,042 by the rest of the
Group employees.
Fair Value Measurement and Key Assumptions
As the arrangements did not include options or vesting conditions, the fair value of the shares granted
was determined based on the grant\u2011date market price per share.
\u2022 Grant\u2011date fair value: EUR 7.50 per share
\u2022 Subscription price in listing incentive and personnel offering: EUR 6.75 per share including discount
of EUR 0.75
As the fair value of employee services cannot be reliably measured, under IFRS\u202f2, the share\u2011based
payment expense corresponds to the euro amount of the discount multiplied by the number of shares
subscribed. As equity\u2011settled arrangements, the fair value is not remeasured after the grant date.
Expense Recognized in Profit or Loss
The following share\u2011based payment expenses were recognized within personnel expenses during the
financial year (the corresponding credit entry has been recognized in equity):
\u2022 Listing incentive: EUR 0.8 million
\u2022 Employee offering: EUR 0.4 million
\u2022 Total: EUR 1.1 million
Impact on Equity
The following equity entries were recognized in relation to the share\u2011based payment arrangements:
\u2022 Increase in the unrestricted equity fund: EUR 0.8 million.
\u2022 Increase in retained earnings: EUR 0.4 million
\u2022 Total increase in equity: EUR 1.1 million
As these arrangements are equity\u2011settled, all amounts were recognized directly in equity and no
liability was recorded.
", "dimensions": { "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-336": { "value": "
7. Other operating expenses
EUR million
2025
2024
Other production expenses
80.3
89.6
ICT operating expenses
62.8
65.7
Short-term and low-value leases of premises, machinery and equipment
28.3
31.3
Facility maintenance
34.4
35.6
Administration, marketing and travel
34.0
35.0
Voluntary employee expenses
18.0
21.0
Losses on disposal of businesses and property, plant and equipment
0.7
-
Other operating items
5.4
5.5
Total
263.9
283.7
Other operating expenses in 2025 include EUR 5.1 million of listing costs. Other production expenses
include production vehicle and machinery spare part, maintenance and other expenses, fuels and
lubricants and other production related expenses.
Research and development expenditure in 2025 amounted to EUR 2.1 (2.8) million. Research and
development expenditure was 0.2% (0.2%) of the Group\u2019s total operating expenses. Expenditures
included in other operating expenses and employee benefits. Amortizations of capitalized
development costs amounted to EUR 10.4 (12.3) million. In 2025, capitalizations to development costs
in intangible assets were EUR 10.6 (8.2) million.
Auditor\u2019s fees
EUR million
2025
2024
PricewaterhouseCoopers Oy
Audit*
1.0
1.0
Other services**
1.6
0.1
Total
2.6
1.1
*Audit includes EUR 0.2 (0.1) million audit-related services.
**Other services consist mainly of costs related to the listing.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-337": { "value": "
Research and development expenditure in 2025 amounted to EUR 2.1 (2.8) million. Research and
development expenditure was 0.2% (0.2%) of the Group\u2019s total operating expenses. Expenditures
included in other operating expenses and employee benefits. Amortizations of capitalized
development costs amounted to EUR 10.4 (12.3) million. In 2025, capitalizations to development costs
in intangible assets were EUR 10.6 (8.2) million.
", "dimensions": { "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-338": { "value": "
Auditor\u2019s fees
EUR million
2025
2024
PricewaterhouseCoopers Oy
Audit*
1.0
1.0
Other services**
1.6
0.1
Total
2.6
1.1
*Audit includes EUR 0.2 (0.1) million audit-related services.
**Other services consist mainly of costs related to the listing.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-339": { "value": "
8. Depreciation, amortization and impairment losses
EUR million
2025
2024
Amortization on intangible assets
Development costs
10.4
12.3
Intangible rights
7.2
8.1
Total
17.6
20.4
Impairment losses on intangible assets
Impairment losses on intangible rights
0.0
0.5
Total
0.0
0.5
Depreciation on property, plant and equipment
Buildings and structures
8.0
7.6
Investment properties
0.1
-
Machinery and equipment
26.4
24.4
Other tangible assets
0.5
0.3
Total
34.9
32.3
Impairment losses on property, plant and equipment
Impairment losses on machinery and equipment
0.2
0.3
Impairment losses on buildings
0.0
0.0
Total
0.3
0.3
Depreciation on right-of-use assets
Buildings and structures
47.5
48.2
Vehicles
21.7
21.1
Machinery and equipment
5.2
4.7
Total
74.4
74.0
Impairment losses on right-of-use assets
Buildings and structures
0.9
1.1
Total
0.9
1.1
Total depreciation, amortization and impairment losses
128.1
128.7
Goodwill is not amortized but is tested for impairment annually and whenever there are indications for
impairment.
More information about impairment testing of goodwill is presented in note Intangible assets.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-341": { "value": "
9. Financial income and expenses
Financial income
EUR million
2025
2024
Interest income
Financial assets at amortized cost
2.2
4.1
Exchange rate gains
Interest-bearing receivables and liabilities
1.5
0.7
Currency derivatives, non-hedge accounting
0.4
1.6
Other financial income
0.2
-
Total
4.3
6.5
Financial expenses
EUR million
2025
2024
Interest expenses
Financial lease liabilities at amortized cost
10.5
10.0
Other financial liabilities at amortized cost
8.2
2.6
Exchange rate losses
Interest-bearing receivables and liabilities
0.1
1.5
Currency derivatives, non-hedge accounting
1.8
0.8
Other financial expenses
0.4
0.5
Total
21.0
15.5
The Group has withdrawn more loans from financial institutions and issued commercial papers. As a
result the interest expenses have increased from the comparison year.", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-340": { "value": "
9. Financial income and expenses
Financial income
EUR million
2025
2024
Interest income
Financial assets at amortized cost
2.2
4.1
Exchange rate gains
Interest-bearing receivables and liabilities
1.5
0.7
Currency derivatives, non-hedge accounting
0.4
1.6
Other financial income
0.2
-
Total
4.3
6.5
Financial expenses
EUR million
2025
2024
Interest expenses
Financial lease liabilities at amortized cost
10.5
10.0
Other financial liabilities at amortized cost
8.2
2.6
Exchange rate losses
Interest-bearing receivables and liabilities
0.1
1.5
Currency derivatives, non-hedge accounting
1.8
0.8
Other financial expenses
0.4
0.5
Total
21.0
15.5
The Group has withdrawn more loans from financial institutions and issued commercial papers. As a
result the interest expenses have increased from the comparison year.", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-342": { "value": "
9. Financial income and expenses
Financial expenses
EUR million
2025
2024
Interest expenses
Financial lease liabilities at amortized cost
10.5
10.0
Other financial liabilities at amortized cost
8.2
2.6
Exchange rate losses
Interest-bearing receivables and liabilities
0.1
1.5
Currency derivatives, non-hedge accounting
1.8
0.8
Other financial expenses
0.4
0.5
Total
21.0
15.5
21. Financial instruments and financial risk management
Financial assets and liabilities
2025
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
1.0
1.0
1.0
3
Non-current receivables
1.8
1.8
1.8
2
Non-current financial assets
1.0
1.8
2.9
2.9
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Investments in quoted bonds
6.2
6.2
6.3
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
-
212.8
212.8
213.0
Cash and bank
41.4
41.4
41.4
Cash and cash equivalents
-
41.4
41.4
41.4
Total financial assets
1.0
256.1
257.1
257.2
Non-current financial liabilities
Loans from financial institutions
179.8
179.8
180.1
2
Lease liabilities
229.4
229.4
229.4
Other non-current payables*
-
6.3
6.3
6.3
Non-current financial liabilities
-
415.6
415.6
415.8
Current financial liabilities
Commercial papers
89.6
89.6
89.7
2
Lease liabilities
67.5
67.5
67.5
Currency derivatives
0.3
0.3
0.3
2
Trade payables and other liabilities*
-
89.8
89.8
89.8
Current financial liabilities
0.3
246.9
247.3
247.3
Total financial liabilities
0.3
662.5
662.8
663.1
*Other non-current payables include EUR 6.0 (7.2) million and other current liabilities EUR 1.2 (-) million interest-bearing liability to the City of
Helsinki related to exchanges of land areas.
2024
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
0.8
0.8
0.8
3
Non-current receivables
2.7
2.7
2.7
2
Non-current financial assets
0.8
2.7
3.5
3.5
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Currency derivatives
0.1
0.1
0.1
2
Money market investments
31.9
31.9
31.9
2
Investments in quoted bonds
8.0
8.0
8.1
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
0.1
246.5
246.6
246.8
Money market investments
5.5
5.5
5.5
2
Cash and bank
56.4
56.4
56.4
Cash and cash equivalents
61.9
61.9
61.9
Total financial assets
0.9
311.1
312.0
312.2
Non-current financial liabilities
Loans from financial institutions
89.8
89.8
90.0
2
Lease liabilities
202.6
202.6
202.6
Other non-current payables*
11.0
11.0
11.0
Non-current financial liabilities
-
303.5
303.5
303.7
Current financial liabilities
Lease liabilities
68.6
68.6
68.6
Currency derivatives
0.1
0.1
0.1
2
Trade payables and other liabilities*
258.1
258.1
258.1
Current financial liabilities
0.1
326.7
326.8
326.8
Total financial liabilities
0.1
630.1
630.3
630.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-344": { "value": "
Financial income
EUR million
2025
2024
Interest income
Financial assets at amortized cost
2.2
4.1
Exchange rate gains
Interest-bearing receivables and liabilities
1.5
0.7
Currency derivatives, non-hedge accounting
0.4
1.6
Other financial income
0.2
-
Total
4.3
6.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-343": { "value": "
Financial income
EUR million
2025
2024
Interest income
Financial assets at amortized cost
2.2
4.1
Exchange rate gains
Interest-bearing receivables and liabilities
1.5
0.7
Currency derivatives, non-hedge accounting
0.4
1.6
Other financial income
0.2
-
Total
4.3
6.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-346": { "value": "
Financial expenses
EUR million
2025
2024
Interest expenses
Financial lease liabilities at amortized cost
10.5
10.0
Other financial liabilities at amortized cost
8.2
2.6
Exchange rate losses
Interest-bearing receivables and liabilities
0.1
1.5
Currency derivatives, non-hedge accounting
1.8
0.8
Other financial expenses
0.4
0.5
Total
21.0
15.5
The Group has withdrawn more loans from financial institutions and issued commercial papers. As a
result the interest expenses have increased from the comparison year.", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-345": { "value": "
Financial expenses
EUR million
2025
2024
Interest expenses
Financial lease liabilities at amortized cost
10.5
10.0
Other financial liabilities at amortized cost
8.2
2.6
Exchange rate losses
Interest-bearing receivables and liabilities
0.1
1.5
Currency derivatives, non-hedge accounting
1.8
0.8
Other financial expenses
0.4
0.5
Total
21.0
15.5
The Group has withdrawn more loans from financial institutions and issued commercial papers. As a
result the interest expenses have increased from the comparison year.", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-347": { "value": "
10. Income tax
EUR million
2025
2024
Current tax expense
8.0
14.7
Taxes for previous years
0.3
0.2
Deferred tax
3.8
0.2
Total
12.2
15.1
Reconciliation of tax charge at Finnish tax rate (20%)
EUR million
2025
2024
Profit or loss before tax
35.7
58.9
Income tax at Parent Company's tax rate of 20%
7.1
11.8
Difference in foreign subsidiaries tax rates
0.5
-0.3
Non-deductible expenses and other differences
0.6
0.2
Other deductible expense not recognized in income statement
-0.1
-0.1
Tax-exempt income
0.0
-0.2
Adjustments in taxes from previous years
0.3
0.2
Unrecognized deferred tax asset on losses for the period
3.7
3.5
Income tax
12.2
15.1
Effective tax rate
34.1%
25.6%
The Group\u2019s effective tax rate 34.1% (25.6%) was particularly impacted by the accumulated losses in
Sweden, for which no deferred tax assets were recognized. Income taxes from operations were EUR
8.0 (14.7) million.
Pillar 2 legislation has been enacted in jurisdictions the Group operates beginning of 2024. This
legislation is applicable to Posti Group. However, during the reporting period legislation didn\u2019t have
any impacts to Income taxes because Posti was capable to utilize transitional safe harbors in all its
operating jurisdictions. Posti expects to be in a similar situation until 2027 when current transitional
safe harbors are to expire.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-350": { "value": "
11. Intangible assets
2025
EUR million
Goodwill
Intangible
rights
Development
costs
Advances
paid and
work in
progress
Total other
intangible
assets
Acquisition cost Jan 1
287.4
271.7
96.2
14.1
382.0
Translation differences and other
adjustments
0.1
1.3
0.3
0.1
1.7
Additions
-
10.3
10.6
-5.9
15.0
Disposals
-
-2.9
-9.6
-
-12.6
Transfers between items
-
0.6
-
-
0.6
Acquisition cost Dec 31
287.5
281.0
97.4
8.3
386.8
Accumulated amortization and
impairment losses Jan 1
-117.3
-240.4
-75.0
-3.4
-318.7
Translation differences and other
adjustments
-
-1.1
-0.2
-
-1.3
Amortization for the financial period
-
-7.2
-10.4
-
-17.6
Accumulated amortization on disposals
and transfers
-
2.5
9.7
-
12.2
Accumulated amortization and
impairment losses Dec 31
-117.3
-246.1
-76.0
-3.4
-325.4
Carrying amount Jan 1
170.1
31.3
21.2
10.8
63.3
Carrying amount Dec 31
170.2
34.9
21.5
4.9
61.3
2024
EUR million
Goodwill
Intangible
rights
Development
costs
Advances
paid and
work in
progress
Total other
intangible
assets
Acquisition cost Jan 1
286.4
257.9
100.4
21.7
380.1
Translation differences and other
adjustments
-
0.3
-0.2
-
0.2
Acquired businesses
1.0
0.7
-
-
0.7
Additions
-
12.4
8.2
-7.5
13.0
Disposals
-
-5.0
-7.0
-
-12.0
Transfers between items
-
5.3
-5.2
-0.1
-
Acquisition cost Dec 31
287.4
271.7
96.2
14.1
382.0
Accumulated amortization and
impairment losses Jan 1
-117.3
-237.7
-69.4
-3.4
-310.4
Translation differences and other
adjustments
-
0.6
0.1
-
0.7
Amortization for the financial period
-
-8.1
-12.3
-
-20.4
Impairments
-
-0.2
-0.3
-
-0.5
Accumulated amortization on disposals
and transfers
-
5.0
6.9
-
11.9
Accumulated amortization and
impairment losses Dec 31
-117.3
-240.4
-75.0
-3.4
-318.7
Carrying amount Jan 1
169.1
20.3
31.1
18.4
69.7
Carrying amount on Dec 31
170.1
31.3
21.2
10.8
63.3
Intangible rights include software solutions and licenses as well as customer portfolios acquired in
business combinations. Development costs include capitalized costs on internally generated software.
During 2024, the Posti Group definition of research and development was specified. As a result, EUR
5.3 million was transferred from development costs to intangible rights.
Goodwill impairment testing
Goodwill is tested for impairment annually or more often if indicators of impairment exist. Goodwill
impairment testing involves the use of estimates and is one of the critical accounting policies where
the management makes estimates and judgments. This has been described in Accounting policies
under the section Critical accounting estimates and judgments in applying accounting policies.
The allocation of goodwill to the Group's cash-generating units is presented in the table below.
EUR million
Cash generating unit
Reportable segment
2025
2024
eCommerce and Delivery Services
eCommerce and Delivery Services
74.5
74.5
Fulfillment and Logistics Services Finland
Fullfillment and Logistics Services
59.2
59.2
Fulfillment and Logistics Services Sweden
Fullfillment and Logistics Services
1.0
1.0
Postal Services
Postal Services
35.5
35.5
Total
170.2
170.1
The result of the goodwill impairment testing in 2025
Posti has performed the annual impairment tests for each cash generating units containing goodwill.
The Group does not have other intangible assets with indefinite useful life. No impairment losses were
recognized based on the goodwill impairment tests.
Impairment testing and sensitivity analysis 2025
The recoverable amount of the CGUs is based on the value-in-use method. The value-in-use is based
on forecasted discounted cash flows. Cash flow forecasts are prepared for a three- or five-year period
and they are based on Group strategic plans. Forecasts and assumptions about the development of
the business environment are in line with the current business structure and approved by the
management. The most significant assumptions in goodwill impairment testing comprise growth in net
sales, development of operative result, determination of the discount rate (WACC), and long-term
growth rate used after the forecast period. Investments are expected to be ordinary replacement
investments.
The terminal value beyond the cash flow forecasts is based on a terminal growth rate expectation of
1.5% (1.5%) for eCommerce and Delivery Services and Fulfillment and Logistics Services Finland and
Sweden. Posti expects a 1.5% growth rate to simulate potential growth in the addressable markets. For
Postal Services, the estimated terminal growth rate used is -14.9% (-13.4%) which is assessed based on
forecasted net sales and expenses of Postal Services. Posti anticipates that the decline of traditional
postal services will continue and the business will be impacted by the rapid transformation.
Weighted average cost of capital (WACC) before taxes with IFRS16 capital structure, determined for
each cash generating unit, has been used as discount rate. Discount rates reflect specific risks relating
to the relevant cash generating unit.
Key outcomes and parameters used in testing 2025
Cash generating unit
Value-in-use
exceeds
carrying
amount, EUR
million
EBIT margin
average
Terminal
growth rate
Discount
rate, pre-tax
Terminal
year EBIT
margin
eCommerce and Delivery Services
222.0
4.3%
1.5%
8.1%
6.0%
Fulfillment and Logistics Services Finland
25.0
4.8%
1.5%
7.3%
6.7%
Fulfillment and Logistics Services Sweden
6.9
-0.8%
1.5%
6.8%
3.6%
Postal Services
54.3
8.3%
-14.9%
7.0%
4.4%
A sensitivity analysis is presented below for those cash-generating units where the Group estimates
that a reasonably possible change in the key assumptions could cause recognition of an impairment
loss. The analysis was done by determining which key parameter values would produce a carrying
amount that would equal the value-in-use. The parameters used in the analysis were the discount rate and
the terminal year EBIT margin. The analysis was carried out by changing the values of a single parameter
while leaving the others constant. The table below indicates the limits within which the carrying amount
and value-in-use are equal.
Cash generating unit
Discount rate,
pre-tax
Terminal year EBIT
margin
Fulfillment and Logistics Services Finland
8.0%
5.6%
Fulfillment and Logistics Services Sweden
7.2%
3.2%
The result of the goodwill impairment testing in 2024
Posti has performed the annual impairment tests for each cash-generating unit containing goodwill.
The Group does not have other intangible assets with indefinite useful life. No impairment losses were
recognized based on the goodwill impairment tests in 2024.
Impairment testing and sensitivity analysis 2024
The recoverable amount of the CGU\u2019s is based on the value-in-use method. The value-in-use is based
on forecasted discounted cash flows. Cash flow forecasts are prepared for a three- or five-year period
and they are based on Group strategic plans. Forecasts and assumptions about the development of
the business environment are in line with the current business structure and approved by the
management. The key assumptions influencing the cash flow forecasts are long-term market growth,
market positions, and the profitability level. Investments are expected to be ordinary replacement
investments.
The terminal value beyond the cash flow forecasts is based on a terminal growth rate expectation of
1.5% (1.5%) for eCommerce and Delivery Services and Fulfillment and Logistics Services Finland and
Sweden. Posti expects a 1.5% growth rate to simulate potential growth in the addressable markets. For
Postal Services, the estimated terminal growth rate used is -13.4% (-8.4%) which is assessed on the
basis of forecasted net sales and expenses of Postal Services. Posti anticipates that the decline of
traditional postal services continues and the business is impacted by the rapid transformation.
Weighted average cost of capital (WACC) before taxes with IFRS 16 capital structure, determined for
each cash-generating unit, has been used as discount rate. Discount rates reflect specific risks relating
to the relevant cash generating unit.
The key outcomes and parameters used in testing 2024
Cash generating unit
Value-in-use
exceeds
carrying
amount, EUR
million
EBIT margin
average
Terminal
growth rate
Discount
rate, pre-tax
Terminal
year EBIT
margin
eCommerce and Delivery Services
370.1
5.9%
1.5%
8.0%
6.5%
Fulfillment and Logistics Services Finland
60.0
4.6%
1.5%
7.1%
6.2%
Fulfillment and Logistics Services Sweden
6.0
0.8%
1.5%
6.5%
4.1%
Postal Services
78.2
8.2%
-13.4%
7.3%
3.7%
A sensitivity analysis is presented below for those cash-generating units where the Group estimates
that a reasonably possible change in the key assumptions could cause recognition of an impairment
loss. The analysis was done by determining which key parameter values would produce a carrying
amount that would equal the value-in-use. The parameters used in the analysis were the discount rate
and the terminal year EBIT margin. The analysis was carried out by changing the values of a single
parameter while leaving the others constant. The table below indicates the limits within which the
carrying amount and value-in-use are equal.
Cash generating unit
Discount rate,
pre-tax
Terminal year EBIT
margin
Fulfillment and Logistics Services Finland
8.8%
4.6%
Fulfillment and Logistics Services Sweden
6.9%
3.6%
12. Property, plant and equipment
2025
EUR million
Land and
water
Buildings
and
structures
Machinery
and
equipment
Other
tangible
assets
Advances
paid and
work in
progress
Total
Acquisition cost Jan 1
40.6
325.0
390.4
12.2
49.5
817.8
Translation differences and other adjustments
-
0.2
1.5
-
-
1.8
Additions
0.8
45.5
44.8
2.0
-40.3
52.8
Disposals
-
-0.7
-10.4
-
-
-11.1
Transfer to investment property
-1.4
-43.6
-
-
-
-45.0
Other transfers between items
-
-0.6
-
-
-
-0.6
Acquisition cost Dec 31
40.1
325.8
426.3
14.2
9.3
815.7
Accumulated depreciation and impairment
losses Jan 1
-0.6
-240.5
-304.8
-9.7
-
-555.6
Translation differences and other adjustments
-
-0.2
-0.9
-
-
-1.1
Depreciation for the period
-
-8.0
-26.5
-0.5
-
-34.9
Impairments
-
-
-0.2
-
-
-0.3
Accumulated depreciation on transfer to
investment property
-
31.8
-
-
-
31.8
Accumulated depreciation on disposals and
transfers
-
1.0
10.8
-
-
11.8
Accumulated depreciation and impairment
losses Dec 31
-0.6
-215.9
-321.6
-10.2
-
-548.3
Carrying amount Jan 1
40.1
84.5
85.6
2.5
49.5
262.2
Carrying amount Dec 31
39.5
109.9
104.7
4.0
9.3
267.4
Posti\u2019s own new modern logistics warehouse in J\u00e4rvenp\u00e4\u00e4, Finland, started operations in May 2025.
Posti also opened a new logistics center in Tallinn, Estonia, in March 2025. A total of approximately
EUR 45.0 million of these construction projects was capitalized on the balance sheet, and the
capitalized costs were spread over several years. The projects also involve investments in land,
machinery and equipment. Posti\u2019s former headquarter properties, with a total book value of EUR 13.2
million, have been transferred to the investment property in December 2025.
2024
EUR million
Land and
water
Buildings
and
structures
Machinery
and
equipment
Other
tangible
assets
Advances
paid and
work in
progress
Total
Acquisition cost Jan 1
40.9
322.3
371.4
12.0
14.2
760.8
Translation differences and other adjustments
-
-0.6
-1.3
-0.2
-
-2.1
Additions
-
4.2
30.4
0.3
35.4
70.2
Disposals
-0.1
-10.9
-0.1
-11.1
Transfer to investment property
-0.3
-0.3
Other transfers between items
-
-0.8
0.8
0.2
-
0.3
Acquisition cost Dec 31
40.6
325.0
390.4
12.2
49.5
817.8
Accumulated depreciation and impairment
losses Jan 1
-0.6
-233.3
-290.8
-9.5
-534.2
Translation differences and other adjustments
0.2
0.5
-
0.7
Depreciation for the period
-7.6
-24.4
-0.3
-32.3
Impairments
-
-0.3
-0.3
Accumulated depreciation on disposals and
transfers
0.2
10.3
0.1
10.5
Accumulated depreciation and impairment
losses Dec 31
-0.6
-240.5
-304.8
-9.7
-555.6
Carrying amount Jan 1
40.3
89.0
80.5
2.5
14.2
226.5
Carrying amount Dec 31
40.1
84.5
85.6
2.5
49.5
262.2
13. Right-of-use assets
2025
EUR million
Buildings
Machinery
and other
Vehicles
Total right-
of-use assets
Acquisition cost Jan 1
371.5
20.4
111.2
503.1
Translation differences and other adjustments
7.4
0.4
0.1
7.9
Additions
72.4
5.6
19.9
98.0
Disposals
-38.0
-4.7
-17.5
-60.2
Acquisition cost Dec 31
413.4
21.8
113.7
548.8
Accumulated amortization and impairment losses Jan 1
-183.6
-8.2
-52.5
-244.3
Translation differences and other adjustments
-3.1
-0.2
-
-3.3
Depreciation for the financial period
-47.5
-5.2
-21.7
-74.4
Impairments
-0.9
-
-
-0.9
Accumulated depreciation on disposals and transfers
37.6
3.9
16.4
58.0
Accumulated depreciation and impairment losses Dec 31
-197.5
-9.6
-57.8
-264.9
Carrying amount Jan 1
187.9
12.2
58.7
258.8
Carrying amount Dec 31
215.9
12.2
55.8
283.9
2024
EUR million
Buildings
Machinery
and other
Vehicles
Total right-
of-use assets
Acquisition cost Jan 1
363.6
15.0
106.9
485.5
Translation differences and other adjustments
-4.7
0.1
-
-4.7
Acquired businesses
0.5
-
-
0.5
Additions
41.2
10.0
20.2
71.4
Disposals
-30.0
-4.5
-15.8
-50.3
Transfers between items
0.8
-0.2
-
0.6
Acquisition cost Dec 31
371.5
20.4
111.2
503.1
Accumulated amortization and impairment losses Jan 1
-152.3
-7.3
-45.2
-204.8
Translation differences and other adjustments
1.5
0.1
-
1.6
Depreciation for the financial period
-48.2
-4.7
-21.1
-73.9
Impairments
-1.1
-
-
-1.1
Accumulated depreciation on disposals and transfers
16.4
3.8
13.8
34.0
Accumulated depreciation and impairment losses Dec 31
-183.6
-8.2
-52.5
-244.3
Carrying amount Jan 1
211.3
7.6
61.7
280.6
Carrying amount on Dec 31
187.9
12.2
58.7
258.8
14. Investment property
2024
EUR million
2025
restated*
Acquisition cost Jan 1
43.6
26.3
Additions
9.4
26.8
Disposals
-
-9.7
Transfers between items
45.0
0.3
Acquisition cost Dec 31
97.9
43.6
Accumulated depreciation and impairment losses Jan 1
-1.6
-1.6
Depreciation for the period
-0.1
-
Accumulated depreciation on disposals and transfers
-31.8
-
Accumulated depreciation and impairment losses Dec 31
-33.5
-1.6
Carrying amount on Jan 1
41.9
24.6
Carrying amount on Dec 31
64.4
41.9
", "dimensions": { "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-349": { "value": "
11. Intangible assets
2025
EUR million
Goodwill
Intangible
rights
Development
costs
Advances
paid and
work in
progress
Total other
intangible
assets
Acquisition cost Jan 1
287.4
271.7
96.2
14.1
382.0
Translation differences and other
adjustments
0.1
1.3
0.3
0.1
1.7
Additions
-
10.3
10.6
-5.9
15.0
Disposals
-
-2.9
-9.6
-
-12.6
Transfers between items
-
0.6
-
-
0.6
Acquisition cost Dec 31
287.5
281.0
97.4
8.3
386.8
Accumulated amortization and
impairment losses Jan 1
-117.3
-240.4
-75.0
-3.4
-318.7
Translation differences and other
adjustments
-
-1.1
-0.2
-
-1.3
Amortization for the financial period
-
-7.2
-10.4
-
-17.6
Accumulated amortization on disposals
and transfers
-
2.5
9.7
-
12.2
Accumulated amortization and
impairment losses Dec 31
-117.3
-246.1
-76.0
-3.4
-325.4
Carrying amount Jan 1
170.1
31.3
21.2
10.8
63.3
Carrying amount Dec 31
170.2
34.9
21.5
4.9
61.3
2024
EUR million
Goodwill
Intangible
rights
Development
costs
Advances
paid and
work in
progress
Total other
intangible
assets
Acquisition cost Jan 1
286.4
257.9
100.4
21.7
380.1
Translation differences and other
adjustments
-
0.3
-0.2
-
0.2
Acquired businesses
1.0
0.7
-
-
0.7
Additions
-
12.4
8.2
-7.5
13.0
Disposals
-
-5.0
-7.0
-
-12.0
Transfers between items
-
5.3
-5.2
-0.1
-
Acquisition cost Dec 31
287.4
271.7
96.2
14.1
382.0
Accumulated amortization and
impairment losses Jan 1
-117.3
-237.7
-69.4
-3.4
-310.4
Translation differences and other
adjustments
-
0.6
0.1
-
0.7
Amortization for the financial period
-
-8.1
-12.3
-
-20.4
Impairments
-
-0.2
-0.3
-
-0.5
Accumulated amortization on disposals
and transfers
-
5.0
6.9
-
11.9
Accumulated amortization and
impairment losses Dec 31
-117.3
-240.4
-75.0
-3.4
-318.7
Carrying amount Jan 1
169.1
20.3
31.1
18.4
69.7
Carrying amount on Dec 31
170.1
31.3
21.2
10.8
63.3
Intangible rights include software solutions and licenses as well as customer portfolios acquired in
business combinations. Development costs include capitalized costs on internally generated software.
During 2024, the Posti Group definition of research and development was specified. As a result, EUR
5.3 million was transferred from development costs to intangible rights.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-348": { "value": "
11. Intangible assets
2025
EUR million
Goodwill
Intangible
rights
Development
costs
Advances
paid and
work in
progress
Total other
intangible
assets
Acquisition cost Jan 1
287.4
271.7
96.2
14.1
382.0
Translation differences and other
adjustments
0.1
1.3
0.3
0.1
1.7
Additions
-
10.3
10.6
-5.9
15.0
Disposals
-
-2.9
-9.6
-
-12.6
Transfers between items
-
0.6
-
-
0.6
Acquisition cost Dec 31
287.5
281.0
97.4
8.3
386.8
Accumulated amortization and
impairment losses Jan 1
-117.3
-240.4
-75.0
-3.4
-318.7
Translation differences and other
adjustments
-
-1.1
-0.2
-
-1.3
Amortization for the financial period
-
-7.2
-10.4
-
-17.6
Accumulated amortization on disposals
and transfers
-
2.5
9.7
-
12.2
Accumulated amortization and
impairment losses Dec 31
-117.3
-246.1
-76.0
-3.4
-325.4
Carrying amount Jan 1
170.1
31.3
21.2
10.8
63.3
Carrying amount Dec 31
170.2
34.9
21.5
4.9
61.3
2024
EUR million
Goodwill
Intangible
rights
Development
costs
Advances
paid and
work in
progress
Total other
intangible
assets
Acquisition cost Jan 1
286.4
257.9
100.4
21.7
380.1
Translation differences and other
adjustments
-
0.3
-0.2
-
0.2
Acquired businesses
1.0
0.7
-
-
0.7
Additions
-
12.4
8.2
-7.5
13.0
Disposals
-
-5.0
-7.0
-
-12.0
Transfers between items
-
5.3
-5.2
-0.1
-
Acquisition cost Dec 31
287.4
271.7
96.2
14.1
382.0
Accumulated amortization and
impairment losses Jan 1
-117.3
-237.7
-69.4
-3.4
-310.4
Translation differences and other
adjustments
-
0.6
0.1
-
0.7
Amortization for the financial period
-
-8.1
-12.3
-
-20.4
Impairments
-
-0.2
-0.3
-
-0.5
Accumulated amortization on disposals
and transfers
-
5.0
6.9
-
11.9
Accumulated amortization and
impairment losses Dec 31
-117.3
-240.4
-75.0
-3.4
-318.7
Carrying amount Jan 1
169.1
20.3
31.1
18.4
69.7
Carrying amount on Dec 31
170.1
31.3
21.2
10.8
63.3
Intangible rights include software solutions and licenses as well as customer portfolios acquired in
business combinations. Development costs include capitalized costs on internally generated software.
During 2024, the Posti Group definition of research and development was specified. As a result, EUR
5.3 million was transferred from development costs to intangible rights.
Goodwill impairment testing
Goodwill is tested for impairment annually or more often if indicators of impairment exist. Goodwill
impairment testing involves the use of estimates and is one of the critical accounting policies where
the management makes estimates and judgments. This has been described in Accounting policies
under the section Critical accounting estimates and judgments in applying accounting policies.
The allocation of goodwill to the Group's cash-generating units is presented in the table below.
EUR million
Cash generating unit
Reportable segment
2025
2024
eCommerce and Delivery Services
eCommerce and Delivery Services
74.5
74.5
Fulfillment and Logistics Services Finland
Fullfillment and Logistics Services
59.2
59.2
Fulfillment and Logistics Services Sweden
Fullfillment and Logistics Services
1.0
1.0
Postal Services
Postal Services
35.5
35.5
Total
170.2
170.1
The result of the goodwill impairment testing in 2025
Posti has performed the annual impairment tests for each cash generating units containing goodwill.
The Group does not have other intangible assets with indefinite useful life. No impairment losses were
recognized based on the goodwill impairment tests.
Impairment testing and sensitivity analysis 2025
The recoverable amount of the CGUs is based on the value-in-use method. The value-in-use is based
on forecasted discounted cash flows. Cash flow forecasts are prepared for a three- or five-year period
and they are based on Group strategic plans. Forecasts and assumptions about the development of
the business environment are in line with the current business structure and approved by the
management. The most significant assumptions in goodwill impairment testing comprise growth in net
sales, development of operative result, determination of the discount rate (WACC), and long-term
growth rate used after the forecast period. Investments are expected to be ordinary replacement
investments.
The terminal value beyond the cash flow forecasts is based on a terminal growth rate expectation of
1.5% (1.5%) for eCommerce and Delivery Services and Fulfillment and Logistics Services Finland and
Sweden. Posti expects a 1.5% growth rate to simulate potential growth in the addressable markets. For
Postal Services, the estimated terminal growth rate used is -14.9% (-13.4%) which is assessed based on
forecasted net sales and expenses of Postal Services. Posti anticipates that the decline of traditional
postal services will continue and the business will be impacted by the rapid transformation.
Weighted average cost of capital (WACC) before taxes with IFRS16 capital structure, determined for
each cash generating unit, has been used as discount rate. Discount rates reflect specific risks relating
to the relevant cash generating unit.
Key outcomes and parameters used in testing 2025
Cash generating unit
Value-in-use
exceeds
carrying
amount, EUR
million
EBIT margin
average
Terminal
growth rate
Discount
rate, pre-tax
Terminal
year EBIT
margin
eCommerce and Delivery Services
222.0
4.3%
1.5%
8.1%
6.0%
Fulfillment and Logistics Services Finland
25.0
4.8%
1.5%
7.3%
6.7%
Fulfillment and Logistics Services Sweden
6.9
-0.8%
1.5%
6.8%
3.6%
Postal Services
54.3
8.3%
-14.9%
7.0%
4.4%
A sensitivity analysis is presented below for those cash-generating units where the Group estimates
that a reasonably possible change in the key assumptions could cause recognition of an impairment
loss. The analysis was done by determining which key parameter values would produce a carrying
amount that would equal the value-in-use. The parameters used in the analysis were the discount rate and
the terminal year EBIT margin. The analysis was carried out by changing the values of a single parameter
while leaving the others constant. The table below indicates the limits within which the carrying amount
and value-in-use are equal.
Cash generating unit
Discount rate,
pre-tax
Terminal year EBIT
margin
Fulfillment and Logistics Services Finland
8.0%
5.6%
Fulfillment and Logistics Services Sweden
7.2%
3.2%
The result of the goodwill impairment testing in 2024
Posti has performed the annual impairment tests for each cash-generating unit containing goodwill.
The Group does not have other intangible assets with indefinite useful life. No impairment losses were
recognized based on the goodwill impairment tests in 2024.
Impairment testing and sensitivity analysis 2024
The recoverable amount of the CGU\u2019s is based on the value-in-use method. The value-in-use is based
on forecasted discounted cash flows. Cash flow forecasts are prepared for a three- or five-year period
and they are based on Group strategic plans. Forecasts and assumptions about the development of
the business environment are in line with the current business structure and approved by the
management. The key assumptions influencing the cash flow forecasts are long-term market growth,
market positions, and the profitability level. Investments are expected to be ordinary replacement
investments.
The terminal value beyond the cash flow forecasts is based on a terminal growth rate expectation of
1.5% (1.5%) for eCommerce and Delivery Services and Fulfillment and Logistics Services Finland and
Sweden. Posti expects a 1.5% growth rate to simulate potential growth in the addressable markets. For
Postal Services, the estimated terminal growth rate used is -13.4% (-8.4%) which is assessed on the
basis of forecasted net sales and expenses of Postal Services. Posti anticipates that the decline of
traditional postal services continues and the business is impacted by the rapid transformation.
Weighted average cost of capital (WACC) before taxes with IFRS 16 capital structure, determined for
each cash-generating unit, has been used as discount rate. Discount rates reflect specific risks relating
to the relevant cash generating unit.
The key outcomes and parameters used in testing 2024
Cash generating unit
Value-in-use
exceeds
carrying
amount, EUR
million
EBIT margin
average
Terminal
growth rate
Discount
rate, pre-tax
Terminal
year EBIT
margin
eCommerce and Delivery Services
370.1
5.9%
1.5%
8.0%
6.5%
Fulfillment and Logistics Services Finland
60.0
4.6%
1.5%
7.1%
6.2%
Fulfillment and Logistics Services Sweden
6.0
0.8%
1.5%
6.5%
4.1%
Postal Services
78.2
8.2%
-13.4%
7.3%
3.7%
A sensitivity analysis is presented below for those cash-generating units where the Group estimates
that a reasonably possible change in the key assumptions could cause recognition of an impairment
loss. The analysis was done by determining which key parameter values would produce a carrying
amount that would equal the value-in-use. The parameters used in the analysis were the discount rate
and the terminal year EBIT margin. The analysis was carried out by changing the values of a single
parameter while leaving the others constant. The table below indicates the limits within which the
carrying amount and value-in-use are equal.
Cash generating unit
Discount rate,
pre-tax
Terminal year EBIT
margin
Fulfillment and Logistics Services Finland
8.8%
4.6%
Fulfillment and Logistics Services Sweden
6.9%
3.6%
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-351": { "value": "
11. Intangible assets
2025
EUR million
Goodwill
Intangible
rights
Development
costs
Advances
paid and
work in
progress
Total other
intangible
assets
Acquisition cost Jan 1
287.4
271.7
96.2
14.1
382.0
Translation differences and other
adjustments
0.1
1.3
0.3
0.1
1.7
Additions
-
10.3
10.6
-5.9
15.0
Disposals
-
-2.9
-9.6
-
-12.6
Transfers between items
-
0.6
-
-
0.6
Acquisition cost Dec 31
287.5
281.0
97.4
8.3
386.8
Accumulated amortization and
impairment losses Jan 1
-117.3
-240.4
-75.0
-3.4
-318.7
Translation differences and other
adjustments
-
-1.1
-0.2
-
-1.3
Amortization for the financial period
-
-7.2
-10.4
-
-17.6
Accumulated amortization on disposals
and transfers
-
2.5
9.7
-
12.2
Accumulated amortization and
impairment losses Dec 31
-117.3
-246.1
-76.0
-3.4
-325.4
Carrying amount Jan 1
170.1
31.3
21.2
10.8
63.3
Carrying amount Dec 31
170.2
34.9
21.5
4.9
61.3
2024
EUR million
Goodwill
Intangible
rights
Development
costs
Advances
paid and
work in
progress
Total other
intangible
assets
Acquisition cost Jan 1
286.4
257.9
100.4
21.7
380.1
Translation differences and other
adjustments
-
0.3
-0.2
-
0.2
Acquired businesses
1.0
0.7
-
-
0.7
Additions
-
12.4
8.2
-7.5
13.0
Disposals
-
-5.0
-7.0
-
-12.0
Transfers between items
-
5.3
-5.2
-0.1
-
Acquisition cost Dec 31
287.4
271.7
96.2
14.1
382.0
Accumulated amortization and
impairment losses Jan 1
-117.3
-237.7
-69.4
-3.4
-310.4
Translation differences and other
adjustments
-
0.6
0.1
-
0.7
Amortization for the financial period
-
-8.1
-12.3
-
-20.4
Impairments
-
-0.2
-0.3
-
-0.5
Accumulated amortization on disposals
and transfers
-
5.0
6.9
-
11.9
Accumulated amortization and
impairment losses Dec 31
-117.3
-240.4
-75.0
-3.4
-318.7
Carrying amount Jan 1
169.1
20.3
31.1
18.4
69.7
Carrying amount on Dec 31
170.1
31.3
21.2
10.8
63.3
Goodwill impairment testing
Goodwill is tested for impairment annually or more often if indicators of impairment exist. Goodwill
impairment testing involves the use of estimates and is one of the critical accounting policies where
the management makes estimates and judgments. This has been described in Accounting policies
under the section Critical accounting estimates and judgments in applying accounting policies.
The allocation of goodwill to the Group's cash-generating units is presented in the table below.
EUR million
Cash generating unit
Reportable segment
2025
2024
eCommerce and Delivery Services
eCommerce and Delivery Services
74.5
74.5
Fulfillment and Logistics Services Finland
Fullfillment and Logistics Services
59.2
59.2
Fulfillment and Logistics Services Sweden
Fullfillment and Logistics Services
1.0
1.0
Postal Services
Postal Services
35.5
35.5
Total
170.2
170.1
The result of the goodwill impairment testing in 2025
Posti has performed the annual impairment tests for each cash generating units containing goodwill.
The Group does not have other intangible assets with indefinite useful life. No impairment losses were
recognized based on the goodwill impairment tests.
Impairment testing and sensitivity analysis 2025
The recoverable amount of the CGUs is based on the value-in-use method. The value-in-use is based
on forecasted discounted cash flows. Cash flow forecasts are prepared for a three- or five-year period
and they are based on Group strategic plans. Forecasts and assumptions about the development of
the business environment are in line with the current business structure and approved by the
management. The most significant assumptions in goodwill impairment testing comprise growth in net
sales, development of operative result, determination of the discount rate (WACC), and long-term
growth rate used after the forecast period. Investments are expected to be ordinary replacement
investments.
The terminal value beyond the cash flow forecasts is based on a terminal growth rate expectation of
1.5% (1.5%) for eCommerce and Delivery Services and Fulfillment and Logistics Services Finland and
Sweden. Posti expects a 1.5% growth rate to simulate potential growth in the addressable markets. For
Postal Services, the estimated terminal growth rate used is -14.9% (-13.4%) which is assessed based on
forecasted net sales and expenses of Postal Services. Posti anticipates that the decline of traditional
postal services will continue and the business will be impacted by the rapid transformation.
Weighted average cost of capital (WACC) before taxes with IFRS16 capital structure, determined for
each cash generating unit, has been used as discount rate. Discount rates reflect specific risks relating
to the relevant cash generating unit.
Key outcomes and parameters used in testing 2025
Cash generating unit
Value-in-use
exceeds
carrying
amount, EUR
million
EBIT margin
average
Terminal
growth rate
Discount
rate, pre-tax
Terminal
year EBIT
margin
eCommerce and Delivery Services
222.0
4.3%
1.5%
8.1%
6.0%
Fulfillment and Logistics Services Finland
25.0
4.8%
1.5%
7.3%
6.7%
Fulfillment and Logistics Services Sweden
6.9
-0.8%
1.5%
6.8%
3.6%
Postal Services
54.3
8.3%
-14.9%
7.0%
4.4%
A sensitivity analysis is presented below for those cash-generating units where the Group estimates
that a reasonably possible change in the key assumptions could cause recognition of an impairment
loss. The analysis was done by determining which key parameter values would produce a carrying
amount that would equal the value-in-use. The parameters used in the analysis were the discount rate and
the terminal year EBIT margin. The analysis was carried out by changing the values of a single parameter
while leaving the others constant. The table below indicates the limits within which the carrying amount
and value-in-use are equal.
Cash generating unit
Discount rate,
pre-tax
Terminal year EBIT
margin
Fulfillment and Logistics Services Finland
8.0%
5.6%
Fulfillment and Logistics Services Sweden
7.2%
3.2%
The result of the goodwill impairment testing in 2024
Posti has performed the annual impairment tests for each cash-generating unit containing goodwill.
The Group does not have other intangible assets with indefinite useful life. No impairment losses were
recognized based on the goodwill impairment tests in 2024.
Impairment testing and sensitivity analysis 2024
The recoverable amount of the CGU\u2019s is based on the value-in-use method. The value-in-use is based
on forecasted discounted cash flows. Cash flow forecasts are prepared for a three- or five-year period
and they are based on Group strategic plans. Forecasts and assumptions about the development of
the business environment are in line with the current business structure and approved by the
management. The key assumptions influencing the cash flow forecasts are long-term market growth,
market positions, and the profitability level. Investments are expected to be ordinary replacement
investments.
The terminal value beyond the cash flow forecasts is based on a terminal growth rate expectation of
1.5% (1.5%) for eCommerce and Delivery Services and Fulfillment and Logistics Services Finland and
Sweden. Posti expects a 1.5% growth rate to simulate potential growth in the addressable markets. For
Postal Services, the estimated terminal growth rate used is -13.4% (-8.4%) which is assessed on the
basis of forecasted net sales and expenses of Postal Services. Posti anticipates that the decline of
traditional postal services continues and the business is impacted by the rapid transformation.
Weighted average cost of capital (WACC) before taxes with IFRS 16 capital structure, determined for
each cash-generating unit, has been used as discount rate. Discount rates reflect specific risks relating
to the relevant cash generating unit.
The key outcomes and parameters used in testing 2024
Cash generating unit
Value-in-use
exceeds
carrying
amount, EUR
million
EBIT margin
average
Terminal
growth rate
Discount
rate, pre-tax
Terminal
year EBIT
margin
eCommerce and Delivery Services
370.1
5.9%
1.5%
8.0%
6.5%
Fulfillment and Logistics Services Finland
60.0
4.6%
1.5%
7.1%
6.2%
Fulfillment and Logistics Services Sweden
6.0
0.8%
1.5%
6.5%
4.1%
Postal Services
78.2
8.2%
-13.4%
7.3%
3.7%
A sensitivity analysis is presented below for those cash-generating units where the Group estimates
that a reasonably possible change in the key assumptions could cause recognition of an impairment
loss. The analysis was done by determining which key parameter values would produce a carrying
amount that would equal the value-in-use. The parameters used in the analysis were the discount rate
and the terminal year EBIT margin. The analysis was carried out by changing the values of a single
parameter while leaving the others constant. The table below indicates the limits within which the
carrying amount and value-in-use are equal.
Cash generating unit
Discount rate,
pre-tax
Terminal year EBIT
margin
Fulfillment and Logistics Services Finland
8.8%
4.6%
Fulfillment and Logistics Services Sweden
6.9%
3.6%
", "dimensions": { "concept": "ifrs-full:DisclosureOfGoodwillExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-352": { "value": "
12. Property, plant and equipment
2025
EUR million
Land and
water
Buildings
and
structures
Machinery
and
equipment
Other
tangible
assets
Advances
paid and
work in
progress
Total
Acquisition cost Jan 1
40.6
325.0
390.4
12.2
49.5
817.8
Translation differences and other adjustments
-
0.2
1.5
-
-
1.8
Additions
0.8
45.5
44.8
2.0
-40.3
52.8
Disposals
-
-0.7
-10.4
-
-
-11.1
Transfer to investment property
-1.4
-43.6
-
-
-
-45.0
Other transfers between items
-
-0.6
-
-
-
-0.6
Acquisition cost Dec 31
40.1
325.8
426.3
14.2
9.3
815.7
Accumulated depreciation and impairment
losses Jan 1
-0.6
-240.5
-304.8
-9.7
-
-555.6
Translation differences and other adjustments
-
-0.2
-0.9
-
-
-1.1
Depreciation for the period
-
-8.0
-26.5
-0.5
-
-34.9
Impairments
-
-
-0.2
-
-
-0.3
Accumulated depreciation on transfer to
investment property
-
31.8
-
-
-
31.8
Accumulated depreciation on disposals and
transfers
-
1.0
10.8
-
-
11.8
Accumulated depreciation and impairment
losses Dec 31
-0.6
-215.9
-321.6
-10.2
-
-548.3
Carrying amount Jan 1
40.1
84.5
85.6
2.5
49.5
262.2
Carrying amount Dec 31
39.5
109.9
104.7
4.0
9.3
267.4
Posti\u2019s own new modern logistics warehouse in J\u00e4rvenp\u00e4\u00e4, Finland, started operations in May 2025.
Posti also opened a new logistics center in Tallinn, Estonia, in March 2025. A total of approximately
EUR 45.0 million of these construction projects was capitalized on the balance sheet, and the
capitalized costs were spread over several years. The projects also involve investments in land,
machinery and equipment. Posti\u2019s former headquarter properties, with a total book value of EUR 13.2
million, have been transferred to the investment property in December 2025.
2024
EUR million
Land and
water
Buildings
and
structures
Machinery
and
equipment
Other
tangible
assets
Advances
paid and
work in
progress
Total
Acquisition cost Jan 1
40.9
322.3
371.4
12.0
14.2
760.8
Translation differences and other adjustments
-
-0.6
-1.3
-0.2
-
-2.1
Additions
-
4.2
30.4
0.3
35.4
70.2
Disposals
-0.1
-10.9
-0.1
-11.1
Transfer to investment property
-0.3
-0.3
Other transfers between items
-
-0.8
0.8
0.2
-
0.3
Acquisition cost Dec 31
40.6
325.0
390.4
12.2
49.5
817.8
Accumulated depreciation and impairment
losses Jan 1
-0.6
-233.3
-290.8
-9.5
-534.2
Translation differences and other adjustments
0.2
0.5
-
0.7
Depreciation for the period
-7.6
-24.4
-0.3
-32.3
Impairments
-
-0.3
-0.3
Accumulated depreciation on disposals and
transfers
0.2
10.3
0.1
10.5
Accumulated depreciation and impairment
losses Dec 31
-0.6
-240.5
-304.8
-9.7
-555.6
Carrying amount Jan 1
40.3
89.0
80.5
2.5
14.2
226.5
Carrying amount Dec 31
40.1
84.5
85.6
2.5
49.5
262.2
", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-353": { "value": "
13. Right-of-use assets
2025
EUR million
Buildings
Machinery
and other
Vehicles
Total right-
of-use assets
Acquisition cost Jan 1
371.5
20.4
111.2
503.1
Translation differences and other adjustments
7.4
0.4
0.1
7.9
Additions
72.4
5.6
19.9
98.0
Disposals
-38.0
-4.7
-17.5
-60.2
Acquisition cost Dec 31
413.4
21.8
113.7
548.8
Accumulated amortization and impairment losses Jan 1
-183.6
-8.2
-52.5
-244.3
Translation differences and other adjustments
-3.1
-0.2
-
-3.3
Depreciation for the financial period
-47.5
-5.2
-21.7
-74.4
Impairments
-0.9
-
-
-0.9
Accumulated depreciation on disposals and transfers
37.6
3.9
16.4
58.0
Accumulated depreciation and impairment losses Dec 31
-197.5
-9.6
-57.8
-264.9
Carrying amount Jan 1
187.9
12.2
58.7
258.8
Carrying amount Dec 31
215.9
12.2
55.8
283.9
Posti has renewed its lease agreements and extended lease terms at several logistics and sorting
centers. The amendments to the agreements for the centers located in Tampere, Kuopio, Vantaa and
Pirkkala resulted in an increase of EUR 39.5 million in right-of-use assets. In addition, the new lease
agreement for the Posti Group Corporation headquarters at Postitalo in central Helsinki creates an
addition amounting to EUR 13.3 million.
2024
EUR million
Buildings
Machinery
and other
Vehicles
Total right-
of-use assets
Acquisition cost Jan 1
363.6
15.0
106.9
485.5
Translation differences and other adjustments
-4.7
0.1
-
-4.7
Acquired businesses
0.5
-
-
0.5
Additions
41.2
10.0
20.2
71.4
Disposals
-30.0
-4.5
-15.8
-50.3
Transfers between items
0.8
-0.2
-
0.6
Acquisition cost Dec 31
371.5
20.4
111.2
503.1
Accumulated amortization and impairment losses Jan 1
-152.3
-7.3
-45.2
-204.8
Translation differences and other adjustments
1.5
0.1
-
1.6
Depreciation for the financial period
-48.2
-4.7
-21.1
-73.9
Impairments
-1.1
-
-
-1.1
Accumulated depreciation on disposals and transfers
16.4
3.8
13.8
34.0
Accumulated depreciation and impairment losses Dec 31
-183.6
-8.2
-52.5
-244.3
Carrying amount Jan 1
211.3
7.6
61.7
280.6
Carrying amount on Dec 31
187.9
12.2
58.7
258.8
22. Lease agreements
The Group leases mainly premises, vehicles and production machinery. The lease terms for premises
vary up to more than 10 years. Leased premises consist of postal centers, warehouses, offices, parcel
sorting centers, terminals, premises for retail as well as smaller local delivery sites. A typical vehicle
lease term is from 3 to 6 years. The vehicle category includes larger and smaller trucks, cars and
different vehicles for postal delivery purposes. The machinery category includes significant number of
leased warehouse forklifts.
Extension options are included in some of the major premise lease contracts. Posti management
reviews lease contracts regularly and Posti has recognized option periods in lease liability for some
lease contracts.
Posti's lease contracts do not include variable lease payments, for example, lease payments variable
according to net sales. Generally lease contacts do not include lease incentive payments. Leasing
contracts for premises are typically bound to the consumer price index and adjusted annually. Leases
for vehicles and production machinery are typically with fixed payments for the entire lease contract
term. Some lease contracts for real estate and vehicles have clauses that contents of the lease
contract can be renegotiated if the Finnish state's direct ownership would be decreased to less than
50% in Posti Group Corporation.
Right-of-use assets
EUR million
2025
2024
Buildings
215.9
187.9
Vehicles
55.8
58.7
Machinery and other
12.2
12.2
Total
283.9
258.8
The specification of right-of-use assets is presented in the note Right-of-use assets.
Lease liabilities
EUR million
2025
2024
Non-current lease liabilities
229.4
202.6
Current lease liabilities
67.5
68.6
Total
296.9
271.2
Lease liabilities maturity
EUR million
2025
2024
Less than 1 year
77.9
78.4
1\u20135 years
172.7
161.9
More than 5 years
86.0
72.2
Minimum lease payments total
336.7
312.6
Future interest expenses
-39.7
-41.4
Total
296.9
271.2
Lease liabilities maturity for 2024 has been restated. This restatement has no effect on Group\u2019s Income Statement or Balance Sheet.
Income statement items for leases
For depreciations, see note Depreciation, amortization and impairment losses.
Interest expense, leases
10.5
10.0
Incomes from subleasing right-of-use assets
0.4
2.6
Lease expenses not recognized in balance sheet
EUR million
2025
2024
Lease expenses in income statement, short-term leases
27.9
30.7
Lease expenses in income statement, low-value asset leases
0.4
0.5
Total
28.3
31.3
Total cash outflow of leases was EUR 112.5 (113.5) million.
Short-term lease expenses include lease contracts valid until further notice that the Group has
assessed to not recognize on the balance sheet. Short-term lease expenses also include lease
expenses arising from ad hoc leases of vehicles or machinery.
Posti did not have gains or losses arising from sale and leaseback transactions during periods
reported.
Posti had no lease expenses due to variable lease payments components.
Lease commitments not recognized in balance sheet
EUR million
2025
2024
Less than 1 year
8.9
10.1
1\u20135 years
1.7
17.3
More than 5 years
-
13.4
Total
10.6
40.8
Already signed lease agreements that will start in the future are also shown as lease commitments.
When the premises have been handed over to Posti, the lease commitments turn into a right-of-use
asset and a lease liability.
Leases as lessor
Posti Group also operates as a lessor to external parties. Some office or production premises are
leased out in individual cases and Posti has assessed these to be operating leases. Posti Group does
not act as a lessor in finance lease contracts.
Lease payment receivables
EUR million
2025
2024
Less than 1 year
1.5
1.2
1\u20135 years
1.0
1.1
More than 5 years
1.6
1.6
Total
4.1
3.9
", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-354": { "value": "
14. Investment property
2024
EUR million
2025
restated*
Acquisition cost Jan 1
43.6
26.3
Additions
9.4
26.8
Disposals
-
-9.7
Transfers between items
45.0
0.3
Acquisition cost Dec 31
97.9
43.6
Accumulated depreciation and impairment losses Jan 1
-1.6
-1.6
Depreciation for the period
-0.1
-
Accumulated depreciation on disposals and transfers
-31.8
-
Accumulated depreciation and impairment losses Dec 31
-33.5
-1.6
Carrying amount on Jan 1
41.9
24.6
Carrying amount on Dec 31
64.4
41.9
*Additions and disposals in Investment property have been restated by netting a decrease of EUR -1.6 million in estimated environmental
provision to additions from disposals.
Investment property consists of both land areas and properties to be developed for residential and
office or commercial use as well as properties outside the normal business. Posti\u2019s former headquarter
properties, with a book value of EUR 13.2 million, have been transferred to the investment property in
December 2025.
The estimated fair value of the investment properties at the reporting date in the current market
totals EUR 98.4 (96.6) million. The change in the market outlook and demand, especially in residential
construction and new properties, has negatively impacted the fair value of 2025. However, the
reported fair value has mainly increased due to a reclassification of the former headquarter property.
The fair values are based on appraisals from external real estate agents but updated with new market
or other information. The fair values are determined based on reference transactions in the nearby
area calculated with the estimated price per square meter and building rights for the intended use for
the plot, discussions with construction companies, and received bid levels. 83% of the reported fair
value by the end of 2025 is based on the appraisals of external real estate agents. For a part of its
investment properties, Posti follows the income-based value approach to determine the fair value.
The fair value of Etel\u00e4inen Postipuisto requires Posti to invest in the cleaning of the area as mentioned
in the contingent liabilities. The plots cannot be sold before the cleaning obligation is fulfilled. This is
expected to happen in 2026, and therefore, the plot sales preparations are going to be started. The
first sales are dependent on the market in 2026 and onwards. Plot sales are expected to be completed
within 5\u20137 years in its entirety. In management\u2019s view, the phasing and timing of the plot combination
sales may have a positive impact on the fair values.
In 2025, rental income from investment property totaled EUR 0.5 (1.1) million. Maintenance charges
and depreciation amounted to EUR 0.3 (0.5) million. Income and expenses include one months\u2019 impact
of Posti\u2019s former headquarters after it was transferred to investment property.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-355": { "value": "
15. Deferred tax assets and liabilities
Changes in deferred tax assets and liabilities are as follows:
Deferred tax assets
2025
EUR million
Jan 1
Translation
difference
and other
changes
Recorded
through
profit or
loss
Recorded
through other
comprehensive
income
Dec 31
Pension obligations
1.1
-
-0.1
-0.1
1.0
Leasing contracts
1.0
-
0.1
-
1.1
Impairment on real estate shares
0.7
-
-
-
0.7
Provisions
2.1
-
-1.0
-
1.0
Unused tax losses
-
-
0.1
-
0.1
Other temporary differences
0.5
-
-0.2
-
0.4
Total
5.5
-
-1.1
-
4.3
2024
EUR million
Jan 1
Translation
difference
and other
changes
Recorded
through
profit or
loss
Recorded
through other
comprehensive
income
Dec 31
Pension obligations
1.9
-
-0.7
-0.1
1.1
Leasing contracts
0.9
-
0.1
-
1.0
Impairment on real estate shares
0.7
-
-
-
0.7
Provisions
0.6
-
1.5
-
2.1
Unused tax losses
0.1
-
-
-
-
Other temporary differences
1.0
-
-0.5
-
0.5
Total
5.2
-
0.4
-0.1
5.5
Deferred tax assets are recognized to the extent that it is probable that future taxable amounts will
be available to utilize the underlying temporary differences and losses. Significant judgment is
required to determine the amount that can be recognized. This judgment is described in the
accounting principles under the section Critical accounting estimates and judgments in applying
accounting policies.
On December 31, 2025, the Group had EUR 59.7 (41.1) million in tax losses carried forward and EUR 5.7
(4.4) million in net interest expenses not deducted for tax purposes. No deferred tax asset was
recognized due to a history of recent losses. Tax losses and net interest expenses arise from
businesses outside Finland. The net interest expenses expire in 2026\u20132031. The confirmed losses do
not expire, but due to business reorganizations, the timing of their utilization is partly restricted.
The Group has restated the amount of unused tax losses reported in the Financial Statements 2024.
The restated amount was EUR 65.3 million, including the net interest expenses not deducted for tax
purposes of EUR 4.4 million. The restatement had no impact on the Consolidated Income Statement
or Balance Sheet.
Deferred tax liabilities
2025
EUR million
Jan 1
Translation
difference
and other
changes
Recorded
through
profit or
loss
Dec 31
Intangible and tangible assets
6.6
-
1.0
7.6
Accumulated depreciation in excess of plan
2.1
-
1.8
3.9
Fair value measurement of intangible and tangible assets in
acquisition
1.0
-
-0.2
0.8
Total
9.6
0.1
2.6
12.4
2024
EUR million
Jan 1
Translation
difference
and other
changes
Acquired/
Divested
businesses
Recorded
through
profit or
loss
Recorded
through other
comprehensive
income
Dec 31
Intangible and tangible assets
6.0
0.1
-
0.5
-
6.6
Accumulated depreciation in excess of
plan
1.8
-
-
0.4
-
2.1
Fair value measurement of intangible
and tangible assets in acquisition
1.2
-0.1
0.1
-0.2
-
1.0
Other temporary differences
0.2
-
-
-
-0.2
-
Total
9.1
-
0.1
0.6
-0.2
9.6
A deferred tax liability is recognized on undistributed profits of subsidiaries located in countries where
corporate income taxes are applied to distributed dividends, when it is likely that dividends will be
distributed in the foreseeable future. On December 31, 2025, Posti had EUR 24.5 (25.2) million in
undistributed profits in those countries for which deferred tax liability has not been recognized.
Netting of deferred taxes
2025
EUR million
Jan 1
Translation
difference and
other changes
Recorded
through profit
or loss
Dec 31
Lease liabilities, deferred tax asset
53.3
-
5.1
58.4
Right-of-use assets, deferred tax liability
52.3
-
5.0
57.3
Deferred taxes, net
1.0
-
0.1
1.1
Asset retirement obligations, deferred tax asset
2.2
-
-1.2
1.0
Intangible and tangible assets, deferred tax liability
1.6
-
-0.1
1.6
Deferred taxes, net
0.6
-
-1.2
-0.6
2024
EUR million
Jan 1
Translation
difference
and other
changes
Recorded
through profit
or loss
Dec 31
Lease liabilities, deferred tax asset*
57.7
-
-4.4
53.3
Right-of-use assets, deferred tax liability*
56.7
-
-4.5
52.3
Deferred taxes, net*
0.9
-
0.1
1.0
Asset retirement obligations, deferred tax asset
-
-
2.2
2.2
Intangible and tangible assets, deferred tax liability
-
-
1.6
1.6
Deferred taxes, net
-
-
0.6
0.6
*Lease contract related gross amounts 2024 have been restated and increased. After restating, all Group\u2019s lease contract items are included
in gross amounts. Restate does not impact to net amount neither balance sheet amount.
Netting of deferred tax assets and deferred tax liabilities has been applied only for lease contract
related items as well as for investment property related items.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-359": { "value": "
16. Trade and other receivables
EUR million
2025
2024
Trade receivables
176.3
173.6
Contract assets
13.7
13.6
Accrued income and prepayments
31.4
29.2
Other receivables
5.6
9.1
Total
226.9
225.4
More information on trade receivables is provided in the note Financial instruments and financial risk
management.
The largest item under contract assets is EUR 3.5 (5.2) million is accrued terminal due receivables
from other postal administrations. Accrued income and prepayments include ordinary sales accruals
and prepaid expenses.
Other receivables mainly include credit card receivables from banks and financing companies.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-358": { "value": "
16. Trade and other receivables
EUR million
2025
2024
Trade receivables
176.3
173.6
Contract assets
13.7
13.6
Accrued income and prepayments
31.4
29.2
Other receivables
5.6
9.1
Total
226.9
225.4
More information on trade receivables is provided in the note Financial instruments and financial risk
management.
The largest item under contract assets is EUR 3.5 (5.2) million is accrued terminal due receivables
from other postal administrations. Accrued income and prepayments include ordinary sales accruals
and prepaid expenses.
Other receivables mainly include credit card receivables from banks and financing companies.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-357": { "value": "
16. Trade and other receivables
EUR million
2025
2024
Trade receivables
176.3
173.6
Contract assets
13.7
13.6
Accrued income and prepayments
31.4
29.2
Other receivables
5.6
9.1
Total
226.9
225.4
More information on trade receivables is provided in the note Financial instruments and financial risk
management.
The largest item under contract assets is EUR 3.5 (5.2) million is accrued terminal due receivables
from other postal administrations. Accrued income and prepayments include ordinary sales accruals
and prepaid expenses.
Other receivables mainly include credit card receivables from banks and financing companies.
", "dimensions": { "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-356": { "value": "
16. Trade and other receivables
EUR million
2025
2024
Trade receivables
176.3
173.6
Contract assets
13.7
13.6
Accrued income and prepayments
31.4
29.2
Other receivables
5.6
9.1
Total
226.9
225.4
More information on trade receivables is provided in the note Financial instruments and financial risk
management.
The largest item under contract assets is EUR 3.5 (5.2) million is accrued terminal due receivables
from other postal administrations. Accrued income and prepayments include ordinary sales accruals
and prepaid expenses.
Other receivables mainly include credit card receivables from banks and financing companies.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-360": { "value": "
17. Equity
Share capital and reserves, EUR million
EUR million / pcs
Number of shares
(pcs)
Share capital
Invested unrestricted
equity fund
Other reserves
Translation
differences
Retained earnings
Total equity
Jan 1, 2025
40,000,000
70.0
-
142.7
-7.2
76.6
282.1
Dividend
-33.0
-33.0
Share issue, personnel offering
385,459
2.6
0.3
2.9
Share issue, share-based payments
114,541
0.8
0.1
0.9
Share issue
500,000
3.4
0.4
3.8
Transaction costs related directly to the share issue, net of tax
-0.1
-0.1
Other changes
-
-
-
0.3
23.8
24.1
Dec 31, 2025
40,500,000
70.0
3.3
142.7
-6.9
67.8
276.9
Share capital and reserves, EUR million
EUR million
Number of shares
(pcs)
Share capital
Other reserves
Fair value reserve
Translation
differences
Retained earnings
Total equity
Jan 1, 2024
40,000,000
70.0
142.7
0.8
-7.2
214.3
420.5
Dividend
-181.8
-181.8
Other changes
-
-
-0.8
0.1
44.1
43.4
Dec 31, 2024
40,000,000
70.0
142.7
-
-7.2
76.6
282.1
Share capital and shareholding
Posti Group Corporation's share capital amounts to EUR 70.0 million for all periods presented. The
total number of outstanding shares at the end of the reporting period is 40,500,000 (40,000,000).
There is one share class of ordinary shares and all shares carry one vote and equal rights. The shares
do not have a nominal value. All issued shares have been paid in full. The Company holds no treasury
shares and does not have subordinated loans. The Board of Directors is not authorized to issue shares,
stock options, or other rights with entitlement to the Company shares on December 31, 2025.
Invested unrestricted equity fund and directed share issue
The Extraordinary General Meeting of the Company resolved on September 18, 2025 to authorize the
Board of Directors of the Company to decide on a directed issue against payment related to the
offering so that the number of shares issued may not exceed 500,000 personnel shares. Based on the
authorization granted by the Extraordinary General Meeting of shareholders, the Board of Directors
resolved on September 29, 2025 to offer for subscription a maximum of 300,000 personnel shares by
way of a personnel offer to the personnel of Posti Group. As a result of the personnel offering, the
number of the shares might have increased up to 40,300,000 shares, assuming that all the personnel
shares offered were subscribed for in full, or in oversubscription up to 40,500,000 shares, assuming
that all the additional 200,000 personnel shares offered were subscribed.
The personnel shares were being offered in deviation from the shareholders\u2019 pre-emptive subscription
right to employees of Posti in Finland, Sweden, Estonia, Latvia, Lithuania and Norway, to the members
of the Board of Directors and the Leadership Team of the Group, and the Company\u2019s personnel fund.
The members of the Leadership Team stated that they subscribe for the shares in the personnel
offering in an amount corresponding to the total net amount of a cash bonus in connection with the
listing. The subscription price of the shares in the personnel offering was EUR 6.75. The price had a
10% discount on the subscription price per share compared to the share sale in the offering. The
subscription period for the personnel offering commenced on September 30, 2025 and ended on
October 7, 2025. The persons who participated in the personnel offering and the personnel fund upon
submitting their subscriptions have undertaken a lock-up arrangement, which ends, for part of the
members of the Board of Directors and the Leadership Team, 360 days following the first day of
trading in the shares, and, for part of the personnel fund and other personnel of the Group, 180 days
following the first day of trading in the shares.
The Board of Directors resolved on October 8, 2025, in accordance with the terms and conditions of
the personnel offering, to increase the number of personnel shares from the preliminary maximum of
300,000 to the above-mentioned 500,000 personnel shares due to demand. After the registration of
the personnel shares with the Finnish Trade Register as of October 20, 2025, the aggregate number of
the shares in Posti Group Corporation is 40,500,000. The new shares confer the same rights as Posti\u2019s
other shares, after being recorded in the investors\u2019 book-entry accounts.
The payments made to the Company for the approved personnel share subscriptions was booked in
their entirety in the invested unrestricted equity fund. Thus, the Company\u2019s share capital did not
increase in connection with the personnel offering. The Company recognized gross proceeds of EUR
3.4 million from the personnel offering, and after deducting transaction costs of the share issue, the
Group net proceeds of approximately EUR 3.3 million. The Group received EUR 2.6 million cash
proceeds from the personnel offering as the listing incentive of the management was directly used to
subscribe shares. A 10% discount on the subscription price per share compared to the share sale in
the offering was recorded as a personnel expense in accordance with IFRS 2, and thus had no impact
on Posti Group's retained earnings.
Other reserves
The other funds amount to EUR 142.7 million and includes reserves transferred from the share
premium to other reserves. The reserve is included in the distributable funds of the Group's Parent
Company.
Translation difference
Translation differences include the differences resulting from the translation of foreign units' financial
statements and net investments in foreign currencies.
Distributable funds
The distributable funds of the Group's Parent Company Posti Group Corporation:
EUR million
2025
2024
Invested unrestricted equity reserve
3.4
-
Other reserves
142.7
142.7
Retained earnings
89.9
80.3
Profit/loss for the financial period
21.7
42.6
Total
257.6
265.6
Dividend distribution
Posti Group Corporation's Annual General Meeting was held in Helsinki on March 24, 2025. In line with the
Board of Directors' proposal, the Annual General Meeting decided to distribute a dividend of EUR 33.0
million based on the year 2024. Half of the dividend was paid on March and the other half on July 2025.
Posti\u2019s Extraordinary General Meeting on December 20, 2024, decided of an additional dividend of
EUR 150.0 million The dividend was paid in January 2025.
The Board of Directors proposes the Annual General Meeting a dividend distribution of EUR 34.0
million (0.84 euros per share) for the year 2025. The dividend is proposed to be paid in two
installments.
", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-361": { "value": "
Share capital and shareholding
Posti Group Corporation's share capital amounts to EUR 70.0 million for all periods presented. The
total number of outstanding shares at the end of the reporting period is 40,500,000 (40,000,000).
There is one share class of ordinary shares and all shares carry one vote and equal rights. The shares
do not have a nominal value. All issued shares have been paid in full. The Company holds no treasury
shares and does not have subordinated loans. The Board of Directors is not authorized to issue shares,
stock options, or other rights with entitlement to the Company shares on December 31, 2025.
Invested unrestricted equity fund and directed share issue
The Extraordinary General Meeting of the Company resolved on September 18, 2025 to authorize the
Board of Directors of the Company to decide on a directed issue against payment related to the
offering so that the number of shares issued may not exceed 500,000 personnel shares. Based on the
authorization granted by the Extraordinary General Meeting of shareholders, the Board of Directors
resolved on September 29, 2025 to offer for subscription a maximum of 300,000 personnel shares by
way of a personnel offer to the personnel of Posti Group. As a result of the personnel offering, the
number of the shares might have increased up to 40,300,000 shares, assuming that all the personnel
shares offered were subscribed for in full, or in oversubscription up to 40,500,000 shares, assuming
that all the additional 200,000 personnel shares offered were subscribed.
The personnel shares were being offered in deviation from the shareholders\u2019 pre-emptive subscription
right to employees of Posti in Finland, Sweden, Estonia, Latvia, Lithuania and Norway, to the members
of the Board of Directors and the Leadership Team of the Group, and the Company\u2019s personnel fund.
The members of the Leadership Team stated that they subscribe for the shares in the personnel
offering in an amount corresponding to the total net amount of a cash bonus in connection with the
listing. The subscription price of the shares in the personnel offering was EUR 6.75. The price had a
10% discount on the subscription price per share compared to the share sale in the offering. The
subscription period for the personnel offering commenced on September 30, 2025 and ended on
October 7, 2025. The persons who participated in the personnel offering and the personnel fund upon
submitting their subscriptions have undertaken a lock-up arrangement, which ends, for part of the
members of the Board of Directors and the Leadership Team, 360 days following the first day of
trading in the shares, and, for part of the personnel fund and other personnel of the Group, 180 days
following the first day of trading in the shares.
The Board of Directors resolved on October 8, 2025, in accordance with the terms and conditions of
the personnel offering, to increase the number of personnel shares from the preliminary maximum of
300,000 to the above-mentioned 500,000 personnel shares due to demand. After the registration of
the personnel shares with the Finnish Trade Register as of October 20, 2025, the aggregate number of
the shares in Posti Group Corporation is 40,500,000. The new shares confer the same rights as Posti\u2019s
other shares, after being recorded in the investors\u2019 book-entry accounts.
The payments made to the Company for the approved personnel share subscriptions was booked in
their entirety in the invested unrestricted equity fund. Thus, the Company\u2019s share capital did not
increase in connection with the personnel offering. The Company recognized gross proceeds of EUR
3.4 million from the personnel offering, and after deducting transaction costs of the share issue, the
Group net proceeds of approximately EUR 3.3 million. The Group received EUR 2.6 million cash
proceeds from the personnel offering as the listing incentive of the management was directly used to
subscribe shares. A 10% discount on the subscription price per share compared to the share sale in
the offering was recorded as a personnel expense in accordance with IFRS 2, and thus had no impact
on Posti Group's retained earnings.
", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-362": { "value": "
Other reserves
The other funds amount to EUR 142.7 million and includes reserves transferred from the share
premium to other reserves. The reserve is included in the distributable funds of the Group's Parent
Company.
", "dimensions": { "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-363": { "value": "
Translation difference
Translation differences include the differences resulting from the translation of foreign units' financial
statements and net investments in foreign currencies.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-364": { "value": "
Dividend distribution
Posti Group Corporation's Annual General Meeting was held in Helsinki on March 24, 2025. In line with the
Board of Directors' proposal, the Annual General Meeting decided to distribute a dividend of EUR 33.0
million based on the year 2024. Half of the dividend was paid on March and the other half on July 2025.
Posti\u2019s Extraordinary General Meeting on December 20, 2024, decided of an additional dividend of
EUR 150.0 million The dividend was paid in January 2025.
The Board of Directors proposes the Annual General Meeting a dividend distribution of EUR 34.0
million (0.84 euros per share) for the year 2025. The dividend is proposed to be paid in two
installments.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDividendsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-365": { "value": "34000000.0", "decimals": -5, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f-366": { "value": "0.84", "decimals": 1, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "f-368": { "value": "
19. Provisions
2025
EUR million
Restructuring
provision
Land use
compensation and
environmental
provision
Other
Total
Carrying amount Jan 1
5.6
11.0
2.5
19.1
Increase in provisions
1.8
0.9
0.3
3.0
Used provisions
-1.1
-5.8
-1.4
-8.3
Unused amounts reversed
-2.0
-1.2
-0.9
-4.0
Carrying amount Dec 31
4.4
4.9
0.6
9.9
2024
EUR million
Restructuring
provision
Land use
compensation and
environmental
provision
Other
Total
Carrying amount Jan 1
3.0
7.3
3.1
13.4
Increase in provisions
7.7
8.7
1.3
17.8
Used provisions
-2.7
-3.4
-1.0
-7.1
Unused amounts reversed
-2.4
-1.6
-0.9
-4.9
Carrying amount Dec 31
5.6
11.0
2.5
19.1
EUR million
2025
2024
Long-term provisions
5.1
8.6
Short-term provisions
4.8
10.5
Total
9.9
19.1
Restructuring provisions
Restructuring provisions are primarily related to the change negotiations conducted in recent years. A
significant portion of the long-term personnel expense provisions in the Group's Finnish companies is
the employer's liability component within the unemployment insurance contribution towards the
Employment Fund.
Land use compensation and Environmental provision
In addition to the environmental liability presented in Other contingent liabilities, Posti has recognized
provisions related to land use agreements and environmental liabilities. The corresponding amount
and changes have been recorded as additions in Investment properties.
The Group has reestimated the environmental provision related to the cleaning of the surrounding
land area of the former Posti Group headquarters and recognized a decrease of EUR 0.3 million in
provisions and correspondingly in investment property. The cleaning of the area started at the end of
2024, continued throughout 2025 and is estimated to be completed during 2026. Realized costs and
possible changes in the overall estimate affect the amount of the environmental provision and value
of investment properties.
Other provisions
Other provisions mainly include litigation and personnel related provisions. In the comparison period
provisions also included onerous contracts.
23. Commitments and other contingent liabilities
EUR million
2025
2024
Guarantees
8.9
8.8
Total
8.9
8.8
Guarantees have been given for obligations arising in the ordinary course of business of the Group.
Guarantees have been given by either financial institutions or Posti Group Corporation on behalf of
Group companies. These guarantees have typically been given on behalf of a Group company\u2019s
contractual payment obligations or for authority requirement, and as a counter guarantee to banks.
Posti has investment commitments of EUR 9.5 million related to lease liabilities and other agreements,
the commencement dates of which are after the balance sheet date.
Legal proceedings
In November 2024, the Finnish Data Protection Authority (DPO) issued a decision regarding a
complaint filed by an individual consumer customer in July 2018, regarding Posti\u2019s electronic mailbox
service formerly known as Netposti. The authority\u2019s decision focused on onboarding to an electronic
mailbox and processing of personal data. According to the authority\u2019s view, informing consumer
customers about the onboarding and functionality of the mailbox had not been sufficient. In the
decision, Posti was ordered an administrative fine of EUR 2.4 million. Posti considered the authority\u2019s
decision unfounded and the administrative fine unreasonable, and appealed with the Helsinki
Administrative Court. On November 3, 2025, the Helsinki Administrative Court issued its decision and
reversed the administrative fine in total, but upheld the remark concerning the lack of transparent
customer information.\u202fThe Data Protection Authority has appealed the Helsinki Administrative Court\u2019s
decision with the Supreme Administrative Court. No provision has been booked for this cause.
Based on complaints by some of Posti\u2019s competitors, the Finnish Consumer and Competition Authority
(FCCA) has since 2017 investigated Posti\u2019s suspected abuse of a dominant market position related to
the corporate letter market in Finland. In December 2024 the FCCA issued Posti a draft proposal to
the Market Court for imposition of a competition infringement fine. Posti\u2019s hearing of the draft
proposal is pending, The FCCA has not made any final decisions in the matter, and the draft proposal
did not include any amount of the possibly proposed infringement fine, the legal maximum amount of
which corresponds to ten percent of the Group\u2019s turnover. Posti will defend itself against the
allegations, which it considers unfounded and erroneous. The matter is pending at the FCCA. No
provision has been booked for this cause.
The Group has not been involved in any other material administrative proceedings, lawsuits or
arbitration proceedings (including pending proceedings and proceeding the threat of which the Group
is aware of), which may have, or which in the recent past have had, a significant impact on the
financial position or profitability of the Group or its subsidiaries. Management is not aware of any
factors or circumstances that could reasonably be assumed to lead to material claims against the
Company or its subsidiaries.
Other contingent liabilities
The Group has an estimated environmental liability of EUR 3.9 million related to the cleaning of the
land areas in the Etel\u00e4inen Postipuisto area. The environmental liability includes land exchange and
land reception. Remediation activities and cost sharing have been agreed in more detail with the City
of Helsinki. The cleaning of the area started at the end of 2024, continued throughout 2025 and is
estimated to be completed during 2026. The overall estimate and schedule is revised quarterly based
on management's assessment and ongoing discussions with both the City of Helsinki and the
contractor. The total costs at the time of completion of the cleaning may affect the land use
compensation to be paid to the city. Posti is also responsible for building a parking facility in the
Etel\u00e4inen Postipuisto area.
Posti was granted distribution support for newspaper delivery by Traficom's decision for the first 12-
month support period starting on October 1, 2023, second on October 1, 2024 and third on October 1,
2025. In addition, Posti was ordered to distribute newspapers in certain areas as a public service
obligation. In January 2025, Posti applied to Traficom for the remaining portion of the support and
reimbursement of costs for implementing the public service obligation. Discussions with Traficom are
still ongoing regarding the cost allocation of distribution costs in supported areas to newspapers
covered by a government grant. The uncertainty concerns an estimated total of EUR 2.0 million from
completed and ongoing support periods. For this temporary distribution support, the VAT treatment
has also proven to be unclear in certain respects. Posti has applied for preliminary ruling from the
Central Tax Board on the VAT treatment of the distribution support. Currently, Posti recognizes other
operating income as VAT exempt.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-367": { "value": "
19. Provisions
2025
EUR million
Restructuring
provision
Land use
compensation and
environmental
provision
Other
Total
Carrying amount Jan 1
5.6
11.0
2.5
19.1
Increase in provisions
1.8
0.9
0.3
3.0
Used provisions
-1.1
-5.8
-1.4
-8.3
Unused amounts reversed
-2.0
-1.2
-0.9
-4.0
Carrying amount Dec 31
4.4
4.9
0.6
9.9
2024
EUR million
Restructuring
provision
Land use
compensation and
environmental
provision
Other
Total
Carrying amount Jan 1
3.0
7.3
3.1
13.4
Increase in provisions
7.7
8.7
1.3
17.8
Used provisions
-2.7
-3.4
-1.0
-7.1
Unused amounts reversed
-2.4
-1.6
-0.9
-4.9
Carrying amount Dec 31
5.6
11.0
2.5
19.1
EUR million
2025
2024
Long-term provisions
5.1
8.6
Short-term provisions
4.8
10.5
Total
9.9
19.1
Restructuring provisions
Restructuring provisions are primarily related to the change negotiations conducted in recent years. A
significant portion of the long-term personnel expense provisions in the Group's Finnish companies is
the employer's liability component within the unemployment insurance contribution towards the
Employment Fund.
Land use compensation and Environmental provision
In addition to the environmental liability presented in Other contingent liabilities, Posti has recognized
provisions related to land use agreements and environmental liabilities. The corresponding amount
and changes have been recorded as additions in Investment properties.
The Group has reestimated the environmental provision related to the cleaning of the surrounding
land area of the former Posti Group headquarters and recognized a decrease of EUR 0.3 million in
provisions and correspondingly in investment property. The cleaning of the area started at the end of
2024, continued throughout 2025 and is estimated to be completed during 2026. Realized costs and
possible changes in the overall estimate affect the amount of the environmental provision and value
of investment properties.
Other provisions
Other provisions mainly include litigation and personnel related provisions. In the comparison period
provisions also included onerous contracts.
", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-371": { "value": "
20. Trade and other payables
Other non-current payables
EUR million
2025
2024
Other interest-bearing liabilities
6.0
7.2
Other non-interest bearing liabilities
0.6
0.5
Other accrued expenses
3.2
9.7
Total
9.8
17.3
Current trade and other payables
EUR million
2025
2024
Derivative contracts
0.3
0.1
Trade payables
56.6
72.2
Contract liabilities
12.2
12.7
Advances received
9.5
10.1
Accrued personnel expenses
110.4
118.6
Dividend liability
-
150.0
Other interest-bearing liabilities
1.2
-
Other accrued expenses
27.7
31.5
Other liabilities
41.4
44.9
Current trade and other payables
259.2
440.1
Accrued expenses include estimated payables for terminal due payments to other Postal
administrations, totaling EUR 1.8 (3.6) million. The remaining items comprise ordinary accruals of
expenses.
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-370": { "value": "
20. Trade and other payables
Other non-current payables
EUR million
2025
2024
Other interest-bearing liabilities
6.0
7.2
Other non-interest bearing liabilities
0.6
0.5
Other accrued expenses
3.2
9.7
Total
9.8
17.3
Current trade and other payables
EUR million
2025
2024
Derivative contracts
0.3
0.1
Trade payables
56.6
72.2
Contract liabilities
12.2
12.7
Advances received
9.5
10.1
Accrued personnel expenses
110.4
118.6
Dividend liability
-
150.0
Other interest-bearing liabilities
1.2
-
Other accrued expenses
27.7
31.5
Other liabilities
41.4
44.9
Current trade and other payables
259.2
440.1
Accrued expenses include estimated payables for terminal due payments to other Postal
administrations, totaling EUR 1.8 (3.6) million. The remaining items comprise ordinary accruals of
expenses.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-369": { "value": "
20. Trade and other payables
Other non-current payables
EUR million
2025
2024
Other interest-bearing liabilities
6.0
7.2
Other non-interest bearing liabilities
0.6
0.5
Other accrued expenses
3.2
9.7
Total
9.8
17.3
Current trade and other payables
EUR million
2025
2024
Derivative contracts
0.3
0.1
Trade payables
56.6
72.2
Contract liabilities
12.2
12.7
Advances received
9.5
10.1
Accrued personnel expenses
110.4
118.6
Dividend liability
-
150.0
Other interest-bearing liabilities
1.2
-
Other accrued expenses
27.7
31.5
Other liabilities
41.4
44.9
Current trade and other payables
259.2
440.1
Accrued expenses include estimated payables for terminal due payments to other Postal
administrations, totaling EUR 1.8 (3.6) million. The remaining items comprise ordinary accruals of
expenses.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-372": { "value": "
20. Trade and other payables
Other non-current payables
EUR million
2025
2024
Other interest-bearing liabilities
6.0
7.2
Other non-interest bearing liabilities
0.6
0.5
Other accrued expenses
3.2
9.7
Total
9.8
17.3
Current trade and other payables
EUR million
2025
2024
Derivative contracts
0.3
0.1
Trade payables
56.6
72.2
Contract liabilities
12.2
12.7
Advances received
9.5
10.1
Accrued personnel expenses
110.4
118.6
Dividend liability
-
150.0
Other interest-bearing liabilities
1.2
-
Other accrued expenses
27.7
31.5
Other liabilities
41.4
44.9
Current trade and other payables
259.2
440.1
", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-373": { "value": "
Other non-current payables
EUR million
2025
2024
Other interest-bearing liabilities
6.0
7.2
Other non-interest bearing liabilities
0.6
0.5
Other accrued expenses
3.2
9.7
Total
9.8
17.3
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-374": { "value": "
Current trade and other payables
EUR million
2025
2024
Derivative contracts
0.3
0.1
Trade payables
56.6
72.2
Contract liabilities
12.2
12.7
Advances received
9.5
10.1
Accrued personnel expenses
110.4
118.6
Dividend liability
-
150.0
Other interest-bearing liabilities
1.2
-
Other accrued expenses
27.7
31.5
Other liabilities
41.4
44.9
Current trade and other payables
259.2
440.1
", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-382": { "value": "
21. Financial instruments and financial risk management
Financial assets and liabilities
2025
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
1.0
1.0
1.0
3
Non-current receivables
1.8
1.8
1.8
2
Non-current financial assets
1.0
1.8
2.9
2.9
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Investments in quoted bonds
6.2
6.2
6.3
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
-
212.8
212.8
213.0
Cash and bank
41.4
41.4
41.4
Cash and cash equivalents
-
41.4
41.4
41.4
Total financial assets
1.0
256.1
257.1
257.2
Non-current financial liabilities
Loans from financial institutions
179.8
179.8
180.1
2
Lease liabilities
229.4
229.4
229.4
Other non-current payables*
-
6.3
6.3
6.3
Non-current financial liabilities
-
415.6
415.6
415.8
Current financial liabilities
Commercial papers
89.6
89.6
89.7
2
Lease liabilities
67.5
67.5
67.5
Currency derivatives
0.3
0.3
0.3
2
Trade payables and other liabilities*
-
89.8
89.8
89.8
Current financial liabilities
0.3
246.9
247.3
247.3
Total financial liabilities
0.3
662.5
662.8
663.1
*Other non-current payables include EUR 6.0 (7.2) million and other current liabilities EUR 1.2 (-) million interest-bearing liability to the City of
Helsinki related to exchanges of land areas.
2024
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
0.8
0.8
0.8
3
Non-current receivables
2.7
2.7
2.7
2
Non-current financial assets
0.8
2.7
3.5
3.5
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Currency derivatives
0.1
0.1
0.1
2
Money market investments
31.9
31.9
31.9
2
Investments in quoted bonds
8.0
8.0
8.1
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
0.1
246.5
246.6
246.8
Money market investments
5.5
5.5
5.5
2
Cash and bank
56.4
56.4
56.4
Cash and cash equivalents
61.9
61.9
61.9
Total financial assets
0.9
311.1
312.0
312.2
Non-current financial liabilities
Loans from financial institutions
89.8
89.8
90.0
2
Lease liabilities
202.6
202.6
202.6
Other non-current payables*
11.0
11.0
11.0
Non-current financial liabilities
-
303.5
303.5
303.7
Current financial liabilities
Lease liabilities
68.6
68.6
68.6
Currency derivatives
0.1
0.1
0.1
2
Trade payables and other liabilities*
258.1
258.1
258.1
Current financial liabilities
0.1
326.7
326.8
326.8
Total financial liabilities
0.1
630.1
630.3
630.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-381": { "value": "
21. Financial instruments and financial risk management
Financial assets and liabilities
2025
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
1.0
1.0
1.0
3
Non-current receivables
1.8
1.8
1.8
2
Non-current financial assets
1.0
1.8
2.9
2.9
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Investments in quoted bonds
6.2
6.2
6.3
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
-
212.8
212.8
213.0
Cash and bank
41.4
41.4
41.4
Cash and cash equivalents
-
41.4
41.4
41.4
Total financial assets
1.0
256.1
257.1
257.2
Non-current financial liabilities
Loans from financial institutions
179.8
179.8
180.1
2
Lease liabilities
229.4
229.4
229.4
Other non-current payables*
-
6.3
6.3
6.3
Non-current financial liabilities
-
415.6
415.6
415.8
Current financial liabilities
Commercial papers
89.6
89.6
89.7
2
Lease liabilities
67.5
67.5
67.5
Currency derivatives
0.3
0.3
0.3
2
Trade payables and other liabilities*
-
89.8
89.8
89.8
Current financial liabilities
0.3
246.9
247.3
247.3
Total financial liabilities
0.3
662.5
662.8
663.1
*Other non-current payables include EUR 6.0 (7.2) million and other current liabilities EUR 1.2 (-) million interest-bearing liability to the City of
Helsinki related to exchanges of land areas.
2024
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
0.8
0.8
0.8
3
Non-current receivables
2.7
2.7
2.7
2
Non-current financial assets
0.8
2.7
3.5
3.5
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Currency derivatives
0.1
0.1
0.1
2
Money market investments
31.9
31.9
31.9
2
Investments in quoted bonds
8.0
8.0
8.1
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
0.1
246.5
246.6
246.8
Money market investments
5.5
5.5
5.5
2
Cash and bank
56.4
56.4
56.4
Cash and cash equivalents
61.9
61.9
61.9
Total financial assets
0.9
311.1
312.0
312.2
Non-current financial liabilities
Loans from financial institutions
89.8
89.8
90.0
2
Lease liabilities
202.6
202.6
202.6
Other non-current payables*
11.0
11.0
11.0
Non-current financial liabilities
-
303.5
303.5
303.7
Current financial liabilities
Lease liabilities
68.6
68.6
68.6
Currency derivatives
0.1
0.1
0.1
2
Trade payables and other liabilities*
258.1
258.1
258.1
Current financial liabilities
0.1
326.7
326.8
326.8
Total financial liabilities
0.1
630.1
630.3
630.5
Hierarchy levels
Level 1: Fair values are based on the quoted prices of identical asset groups or liabilities in active
markets.
Level 2: Fair values are, to a significant degree, based on data other than quoted prices included in
Level 1, but on data that can be either directly or indirectly verified for the asset group or liability in
question. To determine the fair value of these instruments, the Group uses generally accepted
valuation models that are, to a significant degree, based on verifiable market data.
Level 3: Fair values are based on data other than verifiable market data regarding the asset or liability.
The fair values of currency forward contracts are calculated by valuing forward contracts at the
present value of the forward rates on the reporting date.
The fair values of investments in money market instruments are based on the market interest rate
curves on the reporting date.
The fair values of investments in bonds are based on the quoted market prices on the reporting date
(Level 1) or a price based on observable market information such as interest yield and issuer's credit
spread (Level 2). The fair values of the loans from financial institutions and lease liabilities are
calculated by discounting the forecast cash flows with the market rates on the reporting date. Due to
the short-term nature of the trade and other current receivables and trade payables and other
current liabilities, their carrying amount is considered to be the same as their fair value.
No transfers between fair value hierarchy levels were made during 2025 or 2024. The Group identifies
and recognizes transfers between different levels as the transaction is exercised or at the moment
when the parameters change materially.
Reconciliation of Level 3 financial assets
EUR million
2025
2024
Carrying amount Jan 1
0.8
0.8
Profits and losses in income statement
0.2
-
Carrying amount Dec 31
1.0
0.8
Total profits and losses recognized on assets held at the end of the reporting
period
EUR million
2025
2024
In financial income and expenses
0.2
-
", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-380": { "value": "
21. Financial instruments and financial risk management
Financial assets and liabilities
2025
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
1.0
1.0
1.0
3
Non-current receivables
1.8
1.8
1.8
2
Non-current financial assets
1.0
1.8
2.9
2.9
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Investments in quoted bonds
6.2
6.2
6.3
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
-
212.8
212.8
213.0
Cash and bank
41.4
41.4
41.4
Cash and cash equivalents
-
41.4
41.4
41.4
Total financial assets
1.0
256.1
257.1
257.2
Non-current financial liabilities
Loans from financial institutions
179.8
179.8
180.1
2
Lease liabilities
229.4
229.4
229.4
Other non-current payables*
-
6.3
6.3
6.3
Non-current financial liabilities
-
415.6
415.6
415.8
Current financial liabilities
Commercial papers
89.6
89.6
89.7
2
Lease liabilities
67.5
67.5
67.5
Currency derivatives
0.3
0.3
0.3
2
Trade payables and other liabilities*
-
89.8
89.8
89.8
Current financial liabilities
0.3
246.9
247.3
247.3
Total financial liabilities
0.3
662.5
662.8
663.1
*Other non-current payables include EUR 6.0 (7.2) million and other current liabilities EUR 1.2 (-) million interest-bearing liability to the City of
Helsinki related to exchanges of land areas.
2024
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
0.8
0.8
0.8
3
Non-current receivables
2.7
2.7
2.7
2
Non-current financial assets
0.8
2.7
3.5
3.5
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Currency derivatives
0.1
0.1
0.1
2
Money market investments
31.9
31.9
31.9
2
Investments in quoted bonds
8.0
8.0
8.1
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
0.1
246.5
246.6
246.8
Money market investments
5.5
5.5
5.5
2
Cash and bank
56.4
56.4
56.4
Cash and cash equivalents
61.9
61.9
61.9
Total financial assets
0.9
311.1
312.0
312.2
Non-current financial liabilities
Loans from financial institutions
89.8
89.8
90.0
2
Lease liabilities
202.6
202.6
202.6
Other non-current payables*
11.0
11.0
11.0
Non-current financial liabilities
-
303.5
303.5
303.7
Current financial liabilities
Lease liabilities
68.6
68.6
68.6
Currency derivatives
0.1
0.1
0.1
2
Trade payables and other liabilities*
258.1
258.1
258.1
Current financial liabilities
0.1
326.7
326.8
326.8
Total financial liabilities
0.1
630.1
630.3
630.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-379": { "value": "
21. Financial instruments and financial risk management
Financial assets and liabilities
2025
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
1.0
1.0
1.0
3
Non-current receivables
1.8
1.8
1.8
2
Non-current financial assets
1.0
1.8
2.9
2.9
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Investments in quoted bonds
6.2
6.2
6.3
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
-
212.8
212.8
213.0
Cash and bank
41.4
41.4
41.4
Cash and cash equivalents
-
41.4
41.4
41.4
Total financial assets
1.0
256.1
257.1
257.2
Non-current financial liabilities
Loans from financial institutions
179.8
179.8
180.1
2
Lease liabilities
229.4
229.4
229.4
Other non-current payables*
-
6.3
6.3
6.3
Non-current financial liabilities
-
415.6
415.6
415.8
Current financial liabilities
Commercial papers
89.6
89.6
89.7
2
Lease liabilities
67.5
67.5
67.5
Currency derivatives
0.3
0.3
0.3
2
Trade payables and other liabilities*
-
89.8
89.8
89.8
Current financial liabilities
0.3
246.9
247.3
247.3
Total financial liabilities
0.3
662.5
662.8
663.1
*Other non-current payables include EUR 6.0 (7.2) million and other current liabilities EUR 1.2 (-) million interest-bearing liability to the City of
Helsinki related to exchanges of land areas.
2024
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
0.8
0.8
0.8
3
Non-current receivables
2.7
2.7
2.7
2
Non-current financial assets
0.8
2.7
3.5
3.5
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Currency derivatives
0.1
0.1
0.1
2
Money market investments
31.9
31.9
31.9
2
Investments in quoted bonds
8.0
8.0
8.1
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
0.1
246.5
246.6
246.8
Money market investments
5.5
5.5
5.5
2
Cash and bank
56.4
56.4
56.4
Cash and cash equivalents
61.9
61.9
61.9
Total financial assets
0.9
311.1
312.0
312.2
Non-current financial liabilities
Loans from financial institutions
89.8
89.8
90.0
2
Lease liabilities
202.6
202.6
202.6
Other non-current payables*
11.0
11.0
11.0
Non-current financial liabilities
-
303.5
303.5
303.7
Current financial liabilities
Lease liabilities
68.6
68.6
68.6
Currency derivatives
0.1
0.1
0.1
2
Trade payables and other liabilities*
258.1
258.1
258.1
Current financial liabilities
0.1
326.7
326.8
326.8
Total financial liabilities
0.1
630.1
630.3
630.5
Hierarchy levels
Level 1: Fair values are based on the quoted prices of identical asset groups or liabilities in active
markets.
Level 2: Fair values are, to a significant degree, based on data other than quoted prices included in
Level 1, but on data that can be either directly or indirectly verified for the asset group or liability in
question. To determine the fair value of these instruments, the Group uses generally accepted
valuation models that are, to a significant degree, based on verifiable market data.
Level 3: Fair values are based on data other than verifiable market data regarding the asset or liability.
The fair values of currency forward contracts are calculated by valuing forward contracts at the
present value of the forward rates on the reporting date.
The fair values of investments in money market instruments are based on the market interest rate
curves on the reporting date.
The fair values of investments in bonds are based on the quoted market prices on the reporting date
(Level 1) or a price based on observable market information such as interest yield and issuer's credit
spread (Level 2). The fair values of the loans from financial institutions and lease liabilities are
calculated by discounting the forecast cash flows with the market rates on the reporting date. Due to
the short-term nature of the trade and other current receivables and trade payables and other
current liabilities, their carrying amount is considered to be the same as their fair value.
No transfers between fair value hierarchy levels were made during 2025 or 2024. The Group identifies
and recognizes transfers between different levels as the transaction is exercised or at the moment
when the parameters change materially.
Reconciliation of Level 3 financial assets
EUR million
2025
2024
Carrying amount Jan 1
0.8
0.8
Profits and losses in income statement
0.2
-
Carrying amount Dec 31
1.0
0.8
Total profits and losses recognized on assets held at the end of the reporting
period
EUR million
2025
2024
In financial income and expenses
0.2
-
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-378": { "value": "
21. Financial instruments and financial risk management
Financial assets and liabilities
2025
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
1.0
1.0
1.0
3
Non-current receivables
1.8
1.8
1.8
2
Non-current financial assets
1.0
1.8
2.9
2.9
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Investments in quoted bonds
6.2
6.2
6.3
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
-
212.8
212.8
213.0
Cash and bank
41.4
41.4
41.4
Cash and cash equivalents
-
41.4
41.4
41.4
Total financial assets
1.0
256.1
257.1
257.2
Non-current financial liabilities
Loans from financial institutions
179.8
179.8
180.1
2
Lease liabilities
229.4
229.4
229.4
Other non-current payables*
-
6.3
6.3
6.3
Non-current financial liabilities
-
415.6
415.6
415.8
Current financial liabilities
Commercial papers
89.6
89.6
89.7
2
Lease liabilities
67.5
67.5
67.5
Currency derivatives
0.3
0.3
0.3
2
Trade payables and other liabilities*
-
89.8
89.8
89.8
Current financial liabilities
0.3
246.9
247.3
247.3
Total financial liabilities
0.3
662.5
662.8
663.1
*Other non-current payables include EUR 6.0 (7.2) million and other current liabilities EUR 1.2 (-) million interest-bearing liability to the City of
Helsinki related to exchanges of land areas.
2024
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
0.8
0.8
0.8
3
Non-current receivables
2.7
2.7
2.7
2
Non-current financial assets
0.8
2.7
3.5
3.5
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Currency derivatives
0.1
0.1
0.1
2
Money market investments
31.9
31.9
31.9
2
Investments in quoted bonds
8.0
8.0
8.1
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
0.1
246.5
246.6
246.8
Money market investments
5.5
5.5
5.5
2
Cash and bank
56.4
56.4
56.4
Cash and cash equivalents
61.9
61.9
61.9
Total financial assets
0.9
311.1
312.0
312.2
Non-current financial liabilities
Loans from financial institutions
89.8
89.8
90.0
2
Lease liabilities
202.6
202.6
202.6
Other non-current payables*
11.0
11.0
11.0
Non-current financial liabilities
-
303.5
303.5
303.7
Current financial liabilities
Lease liabilities
68.6
68.6
68.6
Currency derivatives
0.1
0.1
0.1
2
Trade payables and other liabilities*
258.1
258.1
258.1
Current financial liabilities
0.1
326.7
326.8
326.8
Total financial liabilities
0.1
630.1
630.3
630.5
Hierarchy levels
Level 1: Fair values are based on the quoted prices of identical asset groups or liabilities in active
markets.
Level 2: Fair values are, to a significant degree, based on data other than quoted prices included in
Level 1, but on data that can be either directly or indirectly verified for the asset group or liability in
question. To determine the fair value of these instruments, the Group uses generally accepted
valuation models that are, to a significant degree, based on verifiable market data.
Level 3: Fair values are based on data other than verifiable market data regarding the asset or liability.
The fair values of currency forward contracts are calculated by valuing forward contracts at the
present value of the forward rates on the reporting date.
The fair values of investments in money market instruments are based on the market interest rate
curves on the reporting date.
The fair values of investments in bonds are based on the quoted market prices on the reporting date
(Level 1) or a price based on observable market information such as interest yield and issuer's credit
spread (Level 2). The fair values of the loans from financial institutions and lease liabilities are
calculated by discounting the forecast cash flows with the market rates on the reporting date. Due to
the short-term nature of the trade and other current receivables and trade payables and other
current liabilities, their carrying amount is considered to be the same as their fair value.
No transfers between fair value hierarchy levels were made during 2025 or 2024. The Group identifies
and recognizes transfers between different levels as the transaction is exercised or at the moment
when the parameters change materially.
Reconciliation of Level 3 financial assets
EUR million
2025
2024
Carrying amount Jan 1
0.8
0.8
Profits and losses in income statement
0.2
-
Carrying amount Dec 31
1.0
0.8
Total profits and losses recognized on assets held at the end of the reporting
period
EUR million
2025
2024
In financial income and expenses
0.2
-
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-377": { "value": "
21. Financial instruments and financial risk management
Financial assets and liabilities
2025
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
1.0
1.0
1.0
3
Non-current receivables
1.8
1.8
1.8
2
Non-current financial assets
1.0
1.8
2.9
2.9
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Investments in quoted bonds
6.2
6.2
6.3
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
-
212.8
212.8
213.0
Cash and bank
41.4
41.4
41.4
Cash and cash equivalents
-
41.4
41.4
41.4
Total financial assets
1.0
256.1
257.1
257.2
Non-current financial liabilities
Loans from financial institutions
179.8
179.8
180.1
2
Lease liabilities
229.4
229.4
229.4
Other non-current payables*
-
6.3
6.3
6.3
Non-current financial liabilities
-
415.6
415.6
415.8
Current financial liabilities
Commercial papers
89.6
89.6
89.7
2
Lease liabilities
67.5
67.5
67.5
Currency derivatives
0.3
0.3
0.3
2
Trade payables and other liabilities*
-
89.8
89.8
89.8
Current financial liabilities
0.3
246.9
247.3
247.3
Total financial liabilities
0.3
662.5
662.8
663.1
*Other non-current payables include EUR 6.0 (7.2) million and other current liabilities EUR 1.2 (-) million interest-bearing liability to the City of
Helsinki related to exchanges of land areas.
2024
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
0.8
0.8
0.8
3
Non-current receivables
2.7
2.7
2.7
2
Non-current financial assets
0.8
2.7
3.5
3.5
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Currency derivatives
0.1
0.1
0.1
2
Money market investments
31.9
31.9
31.9
2
Investments in quoted bonds
8.0
8.0
8.1
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
0.1
246.5
246.6
246.8
Money market investments
5.5
5.5
5.5
2
Cash and bank
56.4
56.4
56.4
Cash and cash equivalents
61.9
61.9
61.9
Total financial assets
0.9
311.1
312.0
312.2
Non-current financial liabilities
Loans from financial institutions
89.8
89.8
90.0
2
Lease liabilities
202.6
202.6
202.6
Other non-current payables*
11.0
11.0
11.0
Non-current financial liabilities
-
303.5
303.5
303.7
Current financial liabilities
Lease liabilities
68.6
68.6
68.6
Currency derivatives
0.1
0.1
0.1
2
Trade payables and other liabilities*
258.1
258.1
258.1
Current financial liabilities
0.1
326.7
326.8
326.8
Total financial liabilities
0.1
630.1
630.3
630.5
Hierarchy levels
Level 1: Fair values are based on the quoted prices of identical asset groups or liabilities in active
markets.
Level 2: Fair values are, to a significant degree, based on data other than quoted prices included in
Level 1, but on data that can be either directly or indirectly verified for the asset group or liability in
question. To determine the fair value of these instruments, the Group uses generally accepted
valuation models that are, to a significant degree, based on verifiable market data.
Level 3: Fair values are based on data other than verifiable market data regarding the asset or liability.
The fair values of currency forward contracts are calculated by valuing forward contracts at the
present value of the forward rates on the reporting date.
The fair values of investments in money market instruments are based on the market interest rate
curves on the reporting date.
The fair values of investments in bonds are based on the quoted market prices on the reporting date
(Level 1) or a price based on observable market information such as interest yield and issuer's credit
spread (Level 2). The fair values of the loans from financial institutions and lease liabilities are
calculated by discounting the forecast cash flows with the market rates on the reporting date. Due to
the short-term nature of the trade and other current receivables and trade payables and other
current liabilities, their carrying amount is considered to be the same as their fair value.
No transfers between fair value hierarchy levels were made during 2025 or 2024. The Group identifies
and recognizes transfers between different levels as the transaction is exercised or at the moment
when the parameters change materially.
Reconciliation of Level 3 financial assets
EUR million
2025
2024
Carrying amount Jan 1
0.8
0.8
Profits and losses in income statement
0.2
-
Carrying amount Dec 31
1.0
0.8
Total profits and losses recognized on assets held at the end of the reporting
period
EUR million
2025
2024
In financial income and expenses
0.2
-
", "dimensions": { "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-376": { "value": "
21. Financial instruments and financial risk management
Financial assets and liabilities
2025
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
1.0
1.0
1.0
3
Non-current receivables
1.8
1.8
1.8
2
Non-current financial assets
1.0
1.8
2.9
2.9
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Investments in quoted bonds
6.2
6.2
6.3
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
-
212.8
212.8
213.0
Cash and bank
41.4
41.4
41.4
Cash and cash equivalents
-
41.4
41.4
41.4
Total financial assets
1.0
256.1
257.1
257.2
Non-current financial liabilities
Loans from financial institutions
179.8
179.8
180.1
2
Lease liabilities
229.4
229.4
229.4
Other non-current payables*
-
6.3
6.3
6.3
Non-current financial liabilities
-
415.6
415.6
415.8
Current financial liabilities
Commercial papers
89.6
89.6
89.7
2
Lease liabilities
67.5
67.5
67.5
Currency derivatives
0.3
0.3
0.3
2
Trade payables and other liabilities*
-
89.8
89.8
89.8
Current financial liabilities
0.3
246.9
247.3
247.3
Total financial liabilities
0.3
662.5
662.8
663.1
*Other non-current payables include EUR 6.0 (7.2) million and other current liabilities EUR 1.2 (-) million interest-bearing liability to the City of
Helsinki related to exchanges of land areas.
2024
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
0.8
0.8
0.8
3
Non-current receivables
2.7
2.7
2.7
2
Non-current financial assets
0.8
2.7
3.5
3.5
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Currency derivatives
0.1
0.1
0.1
2
Money market investments
31.9
31.9
31.9
2
Investments in quoted bonds
8.0
8.0
8.1
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
0.1
246.5
246.6
246.8
Money market investments
5.5
5.5
5.5
2
Cash and bank
56.4
56.4
56.4
Cash and cash equivalents
61.9
61.9
61.9
Total financial assets
0.9
311.1
312.0
312.2
Non-current financial liabilities
Loans from financial institutions
89.8
89.8
90.0
2
Lease liabilities
202.6
202.6
202.6
Other non-current payables*
11.0
11.0
11.0
Non-current financial liabilities
-
303.5
303.5
303.7
Current financial liabilities
Lease liabilities
68.6
68.6
68.6
Currency derivatives
0.1
0.1
0.1
2
Trade payables and other liabilities*
258.1
258.1
258.1
Current financial liabilities
0.1
326.7
326.8
326.8
Total financial liabilities
0.1
630.1
630.3
630.5
Hierarchy levels
Level 1: Fair values are based on the quoted prices of identical asset groups or liabilities in active
markets.
Level 2: Fair values are, to a significant degree, based on data other than quoted prices included in
Level 1, but on data that can be either directly or indirectly verified for the asset group or liability in
question. To determine the fair value of these instruments, the Group uses generally accepted
valuation models that are, to a significant degree, based on verifiable market data.
Level 3: Fair values are based on data other than verifiable market data regarding the asset or liability.
The fair values of currency forward contracts are calculated by valuing forward contracts at the
present value of the forward rates on the reporting date.
The fair values of investments in money market instruments are based on the market interest rate
curves on the reporting date.
The fair values of investments in bonds are based on the quoted market prices on the reporting date
(Level 1) or a price based on observable market information such as interest yield and issuer's credit
spread (Level 2). The fair values of the loans from financial institutions and lease liabilities are
calculated by discounting the forecast cash flows with the market rates on the reporting date. Due to
the short-term nature of the trade and other current receivables and trade payables and other
current liabilities, their carrying amount is considered to be the same as their fair value.
No transfers between fair value hierarchy levels were made during 2025 or 2024. The Group identifies
and recognizes transfers between different levels as the transaction is exercised or at the moment
when the parameters change materially.
Reconciliation of Level 3 financial assets
EUR million
2025
2024
Carrying amount Jan 1
0.8
0.8
Profits and losses in income statement
0.2
-
Carrying amount Dec 31
1.0
0.8
Total profits and losses recognized on assets held at the end of the reporting
period
EUR million
2025
2024
In financial income and expenses
0.2
-
Derivative contracts
2025
EUR million
Nominal
value
Net fair
value
Positive fair
value
Negative
fair value
Currency forward contracts, non-hedge accounting
28.3
-0.3
-0.3
2024
EUR million
Nominal
value
Net fair
value
Positive fair
value
Negative fair
value
Currency forward contracts, non-hedge accounting
28.3
-
0.1
-0.1
Offsetting of financial instruments
Derivative assets
2025
2024
Derivative assets, reported as gross amount
-
0.1
Related derivative liabilities subject to master netting agreements
-
0.1
Net amount
-
-
Derivative liabilities
2025
2024
Derivative liabilities, reported as gross amount
0.3
0.1
Related derivative assets subject to master netting agreements
-
0.1
Net amount
0.3
-
Derivative agreements are subject to offsetting in the case of default, insolvency or bankruptcy of the
counterparty. Derivative agreements have not been offset in the balance sheet.
Offsetting of terminal due assets and liabilities is presented in Note Revenue from contracts with
customers.
", "dimensions": { "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-375": { "value": "
21. Financial instruments and financial risk management
Financial assets and liabilities
2025
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
1.0
1.0
1.0
3
Non-current receivables
1.8
1.8
1.8
2
Non-current financial assets
1.0
1.8
2.9
2.9
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Investments in quoted bonds
6.2
6.2
6.3
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
-
212.8
212.8
213.0
Cash and bank
41.4
41.4
41.4
Cash and cash equivalents
-
41.4
41.4
41.4
Total financial assets
1.0
256.1
257.1
257.2
Non-current financial liabilities
Loans from financial institutions
179.8
179.8
180.1
2
Lease liabilities
229.4
229.4
229.4
Other non-current payables*
-
6.3
6.3
6.3
Non-current financial liabilities
-
415.6
415.6
415.8
Current financial liabilities
Commercial papers
89.6
89.6
89.7
2
Lease liabilities
67.5
67.5
67.5
Currency derivatives
0.3
0.3
0.3
2
Trade payables and other liabilities*
-
89.8
89.8
89.8
Current financial liabilities
0.3
246.9
247.3
247.3
Total financial liabilities
0.3
662.5
662.8
663.1
*Other non-current payables include EUR 6.0 (7.2) million and other current liabilities EUR 1.2 (-) million interest-bearing liability to the City of
Helsinki related to exchanges of land areas.
2024
EUR million
At fair value through
profit or loss
Measured at
amortised cost
Carrying
value
Fair value
Level
Non-current financial assets
Other non-current investments
0.8
0.8
0.8
3
Non-current receivables
2.7
2.7
2.7
2
Non-current financial assets
0.8
2.7
3.5
3.5
Current financial assets
Trade and other receivables
204.9
204.9
204.9
Currency derivatives
0.1
0.1
0.1
2
Money market investments
31.9
31.9
31.9
2
Investments in quoted bonds
8.0
8.0
8.1
1
Investments in unquoted bonds
1.8
1.8
1.8
2
Current financial assets
0.1
246.5
246.6
246.8
Money market investments
5.5
5.5
5.5
2
Cash and bank
56.4
56.4
56.4
Cash and cash equivalents
61.9
61.9
61.9
Total financial assets
0.9
311.1
312.0
312.2
Non-current financial liabilities
Loans from financial institutions
89.8
89.8
90.0
2
Lease liabilities
202.6
202.6
202.6
Other non-current payables*
11.0
11.0
11.0
Non-current financial liabilities
-
303.5
303.5
303.7
Current financial liabilities
Lease liabilities
68.6
68.6
68.6
Currency derivatives
0.1
0.1
0.1
2
Trade payables and other liabilities*
258.1
258.1
258.1
Current financial liabilities
0.1
326.7
326.8
326.8
Total financial liabilities
0.1
630.1
630.3
630.5
Hierarchy levels
Level 1: Fair values are based on the quoted prices of identical asset groups or liabilities in active
markets.
Level 2: Fair values are, to a significant degree, based on data other than quoted prices included in
Level 1, but on data that can be either directly or indirectly verified for the asset group or liability in
question. To determine the fair value of these instruments, the Group uses generally accepted
valuation models that are, to a significant degree, based on verifiable market data.
Level 3: Fair values are based on data other than verifiable market data regarding the asset or liability.
The fair values of currency forward contracts are calculated by valuing forward contracts at the
present value of the forward rates on the reporting date.
The fair values of investments in money market instruments are based on the market interest rate
curves on the reporting date.
The fair values of investments in bonds are based on the quoted market prices on the reporting date
(Level 1) or a price based on observable market information such as interest yield and issuer's credit
spread (Level 2). The fair values of the loans from financial institutions and lease liabilities are
calculated by discounting the forecast cash flows with the market rates on the reporting date. Due to
the short-term nature of the trade and other current receivables and trade payables and other
current liabilities, their carrying amount is considered to be the same as their fair value.
No transfers between fair value hierarchy levels were made during 2025 or 2024. The Group identifies
and recognizes transfers between different levels as the transaction is exercised or at the moment
when the parameters change materially.
Reconciliation of Level 3 financial assets
EUR million
2025
2024
Carrying amount Jan 1
0.8
0.8
Profits and losses in income statement
0.2
-
Carrying amount Dec 31
1.0
0.8
Total profits and losses recognized on assets held at the end of the reporting
period
EUR million
2025
2024
In financial income and expenses
0.2
-
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-383": { "value": "
Financial risk management
Principles of risk management
The target of financial risk management is to secure adequate and competitive financing for
executing the Group\u2019s operative businesses and strategy and to minimize the effects of market risks in
the Group\u2019s financial results, financial position and cash flows. The Group aims to identify risk
concentrations and hedge against them to the necessary extent. The Group\u2019s business involves
financial risks, such as market, liquidity, credit and counterparty risks. Of the Group's commodity risks,
the price risk related to electricity is monitored actively, and managed with price secured electricity
products.
Risk management organization
The Group's financing and financial risk management is centralized in Group Treasury of Posti Group
Corporation, in line with the treasury policy approved by the Board of Directors. Group Treasury is
responsible for the entire Group's currency, interest rate, liquidity and refinancing risk management in
close cooperation with business operations. Business operations are responsible for the identification,
management and reporting of the financial risks associated with their operations to Group Treasury.
Credit risk related to customer receivables is managed by the sales organizations of the business
operations. Posti's real estate function is responsible for managing the price risk of electricity.
Market risks
Foreign currency risk
The goal of currency risk management is to reduce the Group\u2019s currency risk to an optimal level as
well as improve the transparency of profitability and predictability of financial results. The Group\u2019s
main currency risks arise from the Swedish Krona and the SDR currency basket, which is used in
international terminal dues. The net position arising from the SDR currency basket is not significant. To
a lesser extent, the Group is also exposed to the currency risk related to the US dollar.
The Group\u2019s transaction risk primarily consists of currency-denominated receivables, payables and
commitments. The key principle is to achieve full hedging against the transaction risks in the balance
sheet related to financial operations. Unhedged exposure is permitted within the limits specified in the
Group\u2019s treasury policy.
Loans granted by the Parent Company to subsidiaries are in the subsidiary\u2019s domestic currency, in
which case the subsidiary has no currency risk arising from financial agreements. The Group may
hedge contract based operative cash flows at maximum to 100 percent of the following 12 months
cash flows. On the balance sheet dates December 31, 2025, or December 31, 2024, the Group did not
have highly probable operative cash flows defined as hedged items or related hedging currency
derivatives under hedge accounting. On the balance sheet date, the Group had currency derivatives
with a nominal value of EUR 28.3 (28.3) million in total hedging the Group\u2019s Swedish krona
denominated intra-Group loans. The currency position arising from the SDR currency basket used in
international terminal dues is not hedged.
The Group is also exposed to translation risks in connection with net investments in subsidiaries
outside the euro area. The objective of translation risk management is to ensure that exchange rate
fluctuations do not cause any material changes in the Group's gearing. On the balance sheet date, the
Group had not hedged against translation risk of any of its foreign net investments.
Foreign exchange rates
Average rate
2025
2024
SEK
11.064
11.427
NOK
11.719
11.621
SDR
0.837
0.816
Closing rate
2025
2024
SEK
10.822
11.459
NOK
11.843
11.795
SDR
0.858
0.797
A portion of the terminal due agreements associated with the Group\u2019s international postal
consignments is denominated in Special Drawing Rights (SDR). SDR is the International Money Fund
(IMF) basket currency, which value is based on a basket of five currencies: the US dollar, the euro, the
Chinese renminbi, the Japanese yen, and the British pound sterling. The IMF reviews the SDR basket
regularly to ensure that it reflects the relative importance of currencies in the world\u2019s trading and
financial system.
Major transaction risk positions
2025, EUR companies
EUR million
SEK
USD
SDR
Working capital*
-0.3
-0.1
0.9
Loans and bank accounts**
28.7
-
Derivatives
-28.6
Open position
-0.2
-0.1
0.9
2024, EUR companies
EUR million
SEK
USD
SDR
Working capital*
-0.4
-
0.3
Loans and bank accounts**
23.4
-
Derivatives
-23.1
Open position
-0.1
-
0.3
*Includes trade receivables and payables, accruals as well as received and given advance payments.
**Includes cash and cash equivalents, interest-bearing receivables and liabilities.
The sensitivity analysis on currency risk is based on the items denominated in other than the
functional currencies of the Group companies on the balance sheet date. The strengthening of the
euro by 10 percent against all other currencies would have an impact of EUR -0.1 (-0.7) million on the
Group's profit before taxes.
Major translation risk positions
Net investments
EUR million
SEK
NOK
PLN
2025
0.5
0.7
-
2024
6.0
0.9
1.2
The net investment positions have been unhedged on each balance sheet date presented.
Interest rate risk
The Group is exposed to interest rate risks through its investments and interest-bearing liabilities. The
goal of interest rate risk management is to minimize financing costs and decrease the uncertainty that
interest rate movements cause for the Group's financial result.
According to the treasury policy, the interest rate risk of the debt portfolio is managed by balancing
the proportion of the floating and fixed rate debt in the debt portfolio, taking into account the
number, maturity and value of the debt instruments as well as market conditions. The proportion of
the fixed interest rate debt is to be at minimum 20% of the debt portfolio, including the interest rate
derivatives. However, the minimum requirement of the fixed interest rate debt can be deviated with
the decision of the Group's CFO. The interest rate risk of the interest bearing financial assets is
managed by investing the assets into different investment classes, interest periods and maturities. In
addition to diversification, interest rate risks associated with interest-bearing receivables and liabilities
can be hedged with interest rate derivatives within the limits defined in treasury policy.
On the balance sheet date, the Group's interest-bearing liabilities amounted to EUR 566.4 (361.1) million
and interest-bearing receivables to EUR 49.4 (103.5) million. On the balance sheet date, the Group had
long-term floating rate loans totalling EUR 180.0 (90.0) million. There were no hedging instruments
related to the loans. In addition, the Group had EUR 89.6 (0.0) million short-term fixed rate commercial
papers issued on the balance sheet date.
Floating and fixed interest rate position
2025
EUR million
Floating rate
Fixed rate
Total
Liquid funds
-43.2
-6.2
-49.4
Commercial papers
89.6
89.6
Loans from financial institutions
179.8
179.8
Total
136.6
83.5
220.1
2024
EUR million
Floating rate
Fixed rate
Total
Liquid funds
-58.2
-45.3
-103.5
Loans from financial institutions
89.8
89.8
Total
31.6
-45.3
-13.7
Above figures do not include the interest-bearing liability of EUR 7.2 (7.2) million to the City of Helsinki
on the Etel\u00e4inen Postipuisto investment property.
The sensitivity analysis on interest rate risk includes interest-bearing investments and loans. An
increase of 1 percentage point in the interest rates at the end of the financial period would affect the
Group's profit before taxes for the next 12 months by EUR -1.7 (-0.2) million.
Electricity price risk
Electricity price risk management aims to reduce the volatility in the Group's profit and cash flows
caused by electricity price fluctuations. The Group employs price-secured electricity products to
reduce the price risk related to electricity procurement. The centralized power purchase agreement
covers an estimated annual electricity consumption of 61,000 MWh. Approximately 80% of the
forecasted consumption for the next two years is hedged; 30% of the forecasted consumption for the
third year is hedged. A ten percentage point increase in the electricity price would affect the price of
the open position of the centralized power purchase agreement by EUR 0.3 million in 2026\u20132028.
Derivative contracts
2025
EUR million
Nominal
value
Net fair
value
Positive fair
value
Negative
fair value
Currency forward contracts, non-hedge accounting
28.3
-0.3
-0.3
2024
EUR million
Nominal
value
Net fair
value
Positive fair
value
Negative fair
value
Currency forward contracts, non-hedge accounting
28.3
-
0.1
-0.1
Offsetting of financial instruments
Derivative assets
2025
2024
Derivative assets, reported as gross amount
-
0.1
Related derivative liabilities subject to master netting agreements
-
0.1
Net amount
-
-
Derivative liabilities
2025
2024
Derivative liabilities, reported as gross amount
0.3
0.1
Related derivative assets subject to master netting agreements
-
0.1
Net amount
0.3
-
Derivative agreements are subject to offsetting in the case of default, insolvency or bankruptcy of the
counterparty. Derivative agreements have not been offset in the balance sheet.
Offsetting of terminal due assets and liabilities is presented in Note Revenue from contracts with
customers.
Liquidity risk
Liquidity and refinancing risk means that the Group\u2019s liquidity reserve is insufficient to cover the
Group\u2019s commitments and investment possibilities or that the cost of the refinancing or additional
financing need is exceptionally high or the needed refinancing or additional financing is not available.
The Group places a considerable emphasis on accurate cash management and liquidity planning in
order to minimize liquidity risks generated by large daily fluctuations in the Group\u2019s cash flows. The
liquidity position is monitored on a real-time basis and the adequacy of working capital - taking trade
receivables into account - is secured based on cash flow forecasts. The refinancing risk is managed by
maintaining the maturity profile of the loans even and sufficiently long-term. In addition to cash and
cash equivalents, the Group aims to secure sufficient financing in all circumstances, and has as
financial reserves, a syndicated credit facility (committed) of EUR 150.0 million, maturing in 2030, and
a non-binding commercial paper program of EUR 200.0 million.
On the balance sheet date, the Group had liquid funds of EUR 49.4 (103.5) million and unused
committed credit facilities of EUR 150.0 (180.0) million. Liquid funds include cash and cash equivalents
and investments tradable on the secondary market whose tradability is secured by the liquid size of
the issue and the creditworthiness of the issuer. In addition, the Group had an unused commercial
paper program of EUR 109.5 (200.0) million.
At the beginning of the year 2025, the Group agreed on the loan amount increases of EUR 30.0 million
to both its bilateral EUR 60.0 million loan agreements signed in 2024 with other terms remaining
unchanged. In 2025, the Group made withdrawals totalling EUR 90.0 million of the loans after which
both loans including increases were fully drawn. The loan agreements have a maturity of three years
with two one-year extension options. In 2025, the maturity of the other loan was extended by one
year. The margins of the loans are linked to sustainability targets: absolute amount of Scope 1 and 2
greenhouse gas emissions and absolute amount of Scope 3 greenhouse gas emissions. According to
the terms of the loans, as one of the two sustainability targets was met in 2025 and 2024, there were
no adjustments to the loan margins.
In April, the Group signed a new EUR 150.0 million syndicated revolving credit facility which replaced
the previous EUR 150.0 million facility. The margin of the facility is linked to the Group\u2019s key
sustainability targets. The facility agreement has a maturity of five years with two one-year extension
options. The revolving credit facility is undrawn on the balance sheet date December 31, 2025.
The covenants associated with the Group\u2019s loan agreements are standard terms and conditions that
feature limitations on securities given, material changes in business activities, and changes in majority
holdings. The Group has met these covenants in 2025 and 2024. On the balance sheet date, the
Group\u2019s loan agreements do not contain financial covenants.
According to the terms of the bilateral loan agreements signed in 2024, the margins shall be
renegotiated if the state ownership falls below 50.1 percent. According to the facility agreement
signed in 2025, if the state ownership falls below 50.1 percent, a certain margin increase and a
financial covenant net debt/adjusted EBITDA will become effective.
EUR million
2025
2024
Cash and cash equivalents
41.4
61.9
Money market investments and investments in bonds
8.0
41.6
Liquid funds
49.4
103.5
Contractual cash flows from financial liabilities and derivatives including interest
payments
2025
EUR million
2026
2027
2028
2029
2030-
Total
Loans from financial institutions
5.4
93.9
91.3
190.6
Commercial papers
90.5
90.5
Lease liabilities
77.9
65.5
45.2
35.4
112.6
336.7
Other non-current liabilities*
1.1
1.1
1.1
3.5
6.7
Trade payables and other current liabilities*
89.8
89.8
Derivatives:
Currency derivatives, payables
28.6
28.6
Currency derivatives, receivables
-28.3
-28.3
Total
264.0
160.5
137.6
36.6
116.1
714.7
*Other non-current payables include EUR 6.0 (7.2) million and other current liabilities EUR 1.2 (-) million interest-bearing liability to the City of
Helsinki related to exchanges of land areas.
2024
EUR million
2025
2026
2027
2028
2029-
Total
Loans from financial institutions
3.1
3.1
91.5
97.8
Lease liabilities*
78.4
61.5
48.8
30.4
93.4
312.6
Other non-current liabilities*
3.2
1.1
3.0
3.7
11.0
Trade payables and other current liabilities*
258.1
258.1
Derivatives:
Currency derivatives, payables
28.4
28.4
Currency derivatives, receivables
-28.3
-28.3
Total
339.6
67.8
141.4
33.4
97.2
679.4
*Lease liability maturity for 2024 has been restated. This restatement has no effect on Group\u2019s Income Statement or Balance Sheet.
The contractual cash flows presented in above tables are not discounted.
Lease liabilities are in fact secured liabilities since, in default of payment, rights to the leased property
transfer back to the lessor. Other loans have no security.
Credit and counterparty risk
Pursuant to authorizations given by the Board of Directors, the Group invests its liquid funds in debt
instruments and bonds issued by companies, banks and states with good creditworthiness. Posti
Group makes derivative contracts only with solvent banks and credit institutions. The credit and
counterparty risk related to investing of liquid funds and derivative contracts are managed by the
limits set for the counterparties. The assessment method for expected credit losses of investments is
described in Accounting principles in section Financial assets and liabilities. During the financial year
the Group has not recognized material impairment losses of investments. On the balance sheet date
December 31, 2025, the recognized expected credit loss was insignificant.
Trade receivables are subject to only minor credit risk concentrations due to the Group\u2019s extensive
customer base. Credit losses recognized were EUR 1.2 (1.1) million. The Group applies a simplified
provision matrix approach for expected credit losses on trade and rental receivables. Management
has estimated the expected credit loss to be immaterial and thus does not recognize expected credit
loss on contract assets. Terminal due receivables form a separate category in trade receivables, since
the credit losses on terminal due receivables are minor due to offsetting arrangement and customer
base and no expected credit loss is recognized. Contract assets amount to EUR 13.7 (13.6) million and
terminal due receivables to EUR 6.0 (4.8) million. The Fulfillment and Logistics Services segment takes
into account, in its expected credit loss calculation, any collateral provided by the customer, such as
goods pledged and stored in Posti\u2019s warehouses.
Aging of trade receivables
EUR million
2025
2024
Not yet due
154.7
151.6
1\u201330 days overdue
15.0
15.5
31\u201360 days overdue
1.9
2.0
61\u201390 days overdue
0.6
1.4
91\u2013180 days overdue
0.7
3.2
181\u2013 days overdue
4.5
2.3
Trade receivables gross
177.5
176.1
Expected credit loss
-1.2
-2.6
Trade receivables net
176.3
173.6
Capital management
The target of the Group's capital management is to secure financing required by businesses and the
Group\u2019s ability to operate in capital markets under all circumstances. Although the Group has no
public credit rating issued by a credit rating agency, it seeks to maintain a capital structure that would
be required for investment grade rating. The Board of Directors assesses the capital structure on a
regular basis. The Group\u2019s loan agreements do not contain financial covenants.
The Group\u2019s target is to pay continuously increasing ordinary dividends, and a payout ratio of at least
60 percent of net income based on the Board of Directors approved dividend policy.
The Group monitors its capital structure by assessing net debt to adjusted EBITDA, financial net debt
to adjusted EBITDA and equity ratio.
2025
2024
Net debt / adjusted EBITDA
2.6x
1.2x
Financial net debt / adjusted EBITDA
1.1x
-0.1x
Equity ratio
24.6%
25.2%
Reconciliation of net debt
2025
EUR million
Interest
bearing
borrowings
Interest
bearing
lease
liabilities
Interest
bearing
borrowings
total
Liquid
funds
Net debt
total
Carrying amount on Jan 1
89.8
271.2
361.1
103.5
257.5
Cash flows
179.6
-75.3
104.3
-54.6
158.9
Effect of exchange rate changes
-
5.0
5.0
0.4
4.6
Other non-cash items
-
96.0
96.1
-
96.1
Carrying amount on Dec 31
269.5
296.9
566.4
49.4
517.0
Fair value on Dec 31
269.7
296.9
566.7
2024
EUR million
Interest
bearing
borrowings
Interest
bearing
lease
liabilities
Interest
bearing
borrowings
total
Liquid
funds
Net debt
total
Carrying amount on Jan 1
60.0
290.7
350.8
110.8
240.0
Cash flows
29.8
-72.1
-42.4
-7.8
-34.6
Acquired businesses
-
0.5
0.5
0.7
-0.2
Effect of exchange rate changes
-
-3.4
-3.4
-0.2
-3.2
Other non-cash items
0.1
55.4
55.5
55.5
Carrying amount on Dec 31
89.8
271.2
361.1
103.5
257.5
Fair value on Dec 31
90.0
271.2
361.3
Net debt and the related figures above do not include the interest-bearing liability of EUR 7.2 (7.2)
million to the City of Helsinki related to exchanges of land areas.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-384": { "value": "
Market risks
Foreign currency risk
The goal of currency risk management is to reduce the Group\u2019s currency risk to an optimal level as
well as improve the transparency of profitability and predictability of financial results. The Group\u2019s
main currency risks arise from the Swedish Krona and the SDR currency basket, which is used in
international terminal dues. The net position arising from the SDR currency basket is not significant. To
a lesser extent, the Group is also exposed to the currency risk related to the US dollar.
The Group\u2019s transaction risk primarily consists of currency-denominated receivables, payables and
commitments. The key principle is to achieve full hedging against the transaction risks in the balance
sheet related to financial operations. Unhedged exposure is permitted within the limits specified in the
Group\u2019s treasury policy.
Loans granted by the Parent Company to subsidiaries are in the subsidiary\u2019s domestic currency, in
which case the subsidiary has no currency risk arising from financial agreements. The Group may
hedge contract based operative cash flows at maximum to 100 percent of the following 12 months
cash flows. On the balance sheet dates December 31, 2025, or December 31, 2024, the Group did not
have highly probable operative cash flows defined as hedged items or related hedging currency
derivatives under hedge accounting. On the balance sheet date, the Group had currency derivatives
with a nominal value of EUR 28.3 (28.3) million in total hedging the Group\u2019s Swedish krona
denominated intra-Group loans. The currency position arising from the SDR currency basket used in
international terminal dues is not hedged.
The Group is also exposed to translation risks in connection with net investments in subsidiaries
outside the euro area. The objective of translation risk management is to ensure that exchange rate
fluctuations do not cause any material changes in the Group's gearing. On the balance sheet date, the
Group had not hedged against translation risk of any of its foreign net investments.
Foreign exchange rates
Average rate
2025
2024
SEK
11.064
11.427
NOK
11.719
11.621
SDR
0.837
0.816
Closing rate
2025
2024
SEK
10.822
11.459
NOK
11.843
11.795
SDR
0.858
0.797
A portion of the terminal due agreements associated with the Group\u2019s international postal
consignments is denominated in Special Drawing Rights (SDR). SDR is the International Money Fund
(IMF) basket currency, which value is based on a basket of five currencies: the US dollar, the euro, the
Chinese renminbi, the Japanese yen, and the British pound sterling. The IMF reviews the SDR basket
regularly to ensure that it reflects the relative importance of currencies in the world\u2019s trading and
financial system.
Major transaction risk positions
2025, EUR companies
EUR million
SEK
USD
SDR
Working capital*
-0.3
-0.1
0.9
Loans and bank accounts**
28.7
-
Derivatives
-28.6
Open position
-0.2
-0.1
0.9
2024, EUR companies
EUR million
SEK
USD
SDR
Working capital*
-0.4
-
0.3
Loans and bank accounts**
23.4
-
Derivatives
-23.1
Open position
-0.1
-
0.3
*Includes trade receivables and payables, accruals as well as received and given advance payments.
**Includes cash and cash equivalents, interest-bearing receivables and liabilities.
The sensitivity analysis on currency risk is based on the items denominated in other than the
functional currencies of the Group companies on the balance sheet date. The strengthening of the
euro by 10 percent against all other currencies would have an impact of EUR -0.1 (-0.7) million on the
Group's profit before taxes.
Major translation risk positions
Net investments
EUR million
SEK
NOK
PLN
2025
0.5
0.7
-
2024
6.0
0.9
1.2
The net investment positions have been unhedged on each balance sheet date presented.
Interest rate risk
The Group is exposed to interest rate risks through its investments and interest-bearing liabilities. The
goal of interest rate risk management is to minimize financing costs and decrease the uncertainty that
interest rate movements cause for the Group's financial result.
According to the treasury policy, the interest rate risk of the debt portfolio is managed by balancing
the proportion of the floating and fixed rate debt in the debt portfolio, taking into account the
number, maturity and value of the debt instruments as well as market conditions. The proportion of
the fixed interest rate debt is to be at minimum 20% of the debt portfolio, including the interest rate
derivatives. However, the minimum requirement of the fixed interest rate debt can be deviated with
the decision of the Group's CFO. The interest rate risk of the interest bearing financial assets is
managed by investing the assets into different investment classes, interest periods and maturities. In
addition to diversification, interest rate risks associated with interest-bearing receivables and liabilities
can be hedged with interest rate derivatives within the limits defined in treasury policy.
On the balance sheet date, the Group's interest-bearing liabilities amounted to EUR 566.4 (361.1) million
and interest-bearing receivables to EUR 49.4 (103.5) million. On the balance sheet date, the Group had
long-term floating rate loans totalling EUR 180.0 (90.0) million. There were no hedging instruments
related to the loans. In addition, the Group had EUR 89.6 (0.0) million short-term fixed rate commercial
papers issued on the balance sheet date.
Floating and fixed interest rate position
2025
EUR million
Floating rate
Fixed rate
Total
Liquid funds
-43.2
-6.2
-49.4
Commercial papers
89.6
89.6
Loans from financial institutions
179.8
179.8
Total
136.6
83.5
220.1
2024
EUR million
Floating rate
Fixed rate
Total
Liquid funds
-58.2
-45.3
-103.5
Loans from financial institutions
89.8
89.8
Total
31.6
-45.3
-13.7
Above figures do not include the interest-bearing liability of EUR 7.2 (7.2) million to the City of Helsinki
on the Etel\u00e4inen Postipuisto investment property.
The sensitivity analysis on interest rate risk includes interest-bearing investments and loans. An
increase of 1 percentage point in the interest rates at the end of the financial period would affect the
Group's profit before taxes for the next 12 months by EUR -1.7 (-0.2) million.
Electricity price risk
Electricity price risk management aims to reduce the volatility in the Group's profit and cash flows
caused by electricity price fluctuations. The Group employs price-secured electricity products to
reduce the price risk related to electricity procurement. The centralized power purchase agreement
covers an estimated annual electricity consumption of 61,000 MWh. Approximately 80% of the
forecasted consumption for the next two years is hedged; 30% of the forecasted consumption for the
third year is hedged. A ten percentage point increase in the electricity price would affect the price of
the open position of the centralized power purchase agreement by EUR 0.3 million in 2026\u20132028.
Derivative contracts
2025
EUR million
Nominal
value
Net fair
value
Positive fair
value
Negative
fair value
Currency forward contracts, non-hedge accounting
28.3
-0.3
-0.3
2024
EUR million
Nominal
value
Net fair
value
Positive fair
value
Negative fair
value
Currency forward contracts, non-hedge accounting
28.3
-
0.1
-0.1
Offsetting of financial instruments
Derivative assets
2025
2024
Derivative assets, reported as gross amount
-
0.1
Related derivative liabilities subject to master netting agreements
-
0.1
Net amount
-
-
Derivative liabilities
2025
2024
Derivative liabilities, reported as gross amount
0.3
0.1
Related derivative assets subject to master netting agreements
-
0.1
Net amount
0.3
-
Derivative agreements are subject to offsetting in the case of default, insolvency or bankruptcy of the
counterparty. Derivative agreements have not been offset in the balance sheet.
Offsetting of terminal due assets and liabilities is presented in Note Revenue from contracts with
customers.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-385": { "value": "
Liquidity risk
Liquidity and refinancing risk means that the Group\u2019s liquidity reserve is insufficient to cover the
Group\u2019s commitments and investment possibilities or that the cost of the refinancing or additional
financing need is exceptionally high or the needed refinancing or additional financing is not available.
The Group places a considerable emphasis on accurate cash management and liquidity planning in
order to minimize liquidity risks generated by large daily fluctuations in the Group\u2019s cash flows. The
liquidity position is monitored on a real-time basis and the adequacy of working capital - taking trade
receivables into account - is secured based on cash flow forecasts. The refinancing risk is managed by
maintaining the maturity profile of the loans even and sufficiently long-term. In addition to cash and
cash equivalents, the Group aims to secure sufficient financing in all circumstances, and has as
financial reserves, a syndicated credit facility (committed) of EUR 150.0 million, maturing in 2030, and
a non-binding commercial paper program of EUR 200.0 million.
On the balance sheet date, the Group had liquid funds of EUR 49.4 (103.5) million and unused
committed credit facilities of EUR 150.0 (180.0) million. Liquid funds include cash and cash equivalents
and investments tradable on the secondary market whose tradability is secured by the liquid size of
the issue and the creditworthiness of the issuer. In addition, the Group had an unused commercial
paper program of EUR 109.5 (200.0) million.
At the beginning of the year 2025, the Group agreed on the loan amount increases of EUR 30.0 million
to both its bilateral EUR 60.0 million loan agreements signed in 2024 with other terms remaining
unchanged. In 2025, the Group made withdrawals totalling EUR 90.0 million of the loans after which
both loans including increases were fully drawn. The loan agreements have a maturity of three years
with two one-year extension options. In 2025, the maturity of the other loan was extended by one
year. The margins of the loans are linked to sustainability targets: absolute amount of Scope 1 and 2
greenhouse gas emissions and absolute amount of Scope 3 greenhouse gas emissions. According to
the terms of the loans, as one of the two sustainability targets was met in 2025 and 2024, there were
no adjustments to the loan margins.
In April, the Group signed a new EUR 150.0 million syndicated revolving credit facility which replaced
the previous EUR 150.0 million facility. The margin of the facility is linked to the Group\u2019s key
sustainability targets. The facility agreement has a maturity of five years with two one-year extension
options. The revolving credit facility is undrawn on the balance sheet date December 31, 2025.
The covenants associated with the Group\u2019s loan agreements are standard terms and conditions that
feature limitations on securities given, material changes in business activities, and changes in majority
holdings. The Group has met these covenants in 2025 and 2024. On the balance sheet date, the
Group\u2019s loan agreements do not contain financial covenants.
According to the terms of the bilateral loan agreements signed in 2024, the margins shall be
renegotiated if the state ownership falls below 50.1 percent. According to the facility agreement
signed in 2025, if the state ownership falls below 50.1 percent, a certain margin increase and a
financial covenant net debt/adjusted EBITDA will become effective.
EUR million
2025
2024
Cash and cash equivalents
41.4
61.9
Money market investments and investments in bonds
8.0
41.6
Liquid funds
49.4
103.5
Contractual cash flows from financial liabilities and derivatives including interest
payments
2025
EUR million
2026
2027
2028
2029
2030-
Total
Loans from financial institutions
5.4
93.9
91.3
190.6
Commercial papers
90.5
90.5
Lease liabilities
77.9
65.5
45.2
35.4
112.6
336.7
Other non-current liabilities*
1.1
1.1
1.1
3.5
6.7
Trade payables and other current liabilities*
89.8
89.8
Derivatives:
Currency derivatives, payables
28.6
28.6
Currency derivatives, receivables
-28.3
-28.3
Total
264.0
160.5
137.6
36.6
116.1
714.7
*Other non-current payables include EUR 6.0 (7.2) million and other current liabilities EUR 1.2 (-) million interest-bearing liability to the City of
Helsinki related to exchanges of land areas.
2024
EUR million
2025
2026
2027
2028
2029-
Total
Loans from financial institutions
3.1
3.1
91.5
97.8
Lease liabilities*
78.4
61.5
48.8
30.4
93.4
312.6
Other non-current liabilities*
3.2
1.1
3.0
3.7
11.0
Trade payables and other current liabilities*
258.1
258.1
Derivatives:
Currency derivatives, payables
28.4
28.4
Currency derivatives, receivables
-28.3
-28.3
Total
339.6
67.8
141.4
33.4
97.2
679.4
*Lease liability maturity for 2024 has been restated. This restatement has no effect on Group\u2019s Income Statement or Balance Sheet.
The contractual cash flows presented in above tables are not discounted.
Lease liabilities are in fact secured liabilities since, in default of payment, rights to the leased property
transfer back to the lessor. Other loans have no security.
", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-386": { "value": "
On the balance sheet date, the Group had liquid funds of EUR 49.4 (103.5) million and unused
committed credit facilities of EUR 150.0 (180.0) million. Liquid funds include cash and cash equivalents
and investments tradable on the secondary market whose tradability is secured by the liquid size of
the issue and the creditworthiness of the issuer. In addition, the Group had an unused commercial
paper program of EUR 109.5 (200.0) million.
At the beginning of the year 2025, the Group agreed on the loan amount increases of EUR 30.0 million
to both its bilateral EUR 60.0 million loan agreements signed in 2024 with other terms remaining
unchanged. In 2025, the Group made withdrawals totalling EUR 90.0 million of the loans after which
both loans including increases were fully drawn. The loan agreements have a maturity of three years
with two one-year extension options. In 2025, the maturity of the other loan was extended by one
year. The margins of the loans are linked to sustainability targets: absolute amount of Scope 1 and 2
greenhouse gas emissions and absolute amount of Scope 3 greenhouse gas emissions. According to
the terms of the loans, as one of the two sustainability targets was met in 2025 and 2024, there were
no adjustments to the loan margins.
In April, the Group signed a new EUR 150.0 million syndicated revolving credit facility which replaced
the previous EUR 150.0 million facility. The margin of the facility is linked to the Group\u2019s key
sustainability targets. The facility agreement has a maturity of five years with two one-year extension
options. The revolving credit facility is undrawn on the balance sheet date December 31, 2025.
The covenants associated with the Group\u2019s loan agreements are standard terms and conditions that
feature limitations on securities given, material changes in business activities, and changes in majority
holdings. The Group has met these covenants in 2025 and 2024. On the balance sheet date, the
Group\u2019s loan agreements do not contain financial covenants.
According to the terms of the bilateral loan agreements signed in 2024, the margins shall be
renegotiated if the state ownership falls below 50.1 percent. According to the facility agreement
signed in 2025, if the state ownership falls below 50.1 percent, a certain margin increase and a
financial covenant net debt/adjusted EBITDA will become effective.
EUR million
2025
2024
Cash and cash equivalents
41.4
61.9
Money market investments and investments in bonds
8.0
41.6
Liquid funds
49.4
103.5
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-387": { "value": "
Credit and counterparty risk
Pursuant to authorizations given by the Board of Directors, the Group invests its liquid funds in debt
instruments and bonds issued by companies, banks and states with good creditworthiness. Posti
Group makes derivative contracts only with solvent banks and credit institutions. The credit and
counterparty risk related to investing of liquid funds and derivative contracts are managed by the
limits set for the counterparties. The assessment method for expected credit losses of investments is
described in Accounting principles in section Financial assets and liabilities. During the financial year
the Group has not recognized material impairment losses of investments. On the balance sheet date
December 31, 2025, the recognized expected credit loss was insignificant.
Trade receivables are subject to only minor credit risk concentrations due to the Group\u2019s extensive
customer base. Credit losses recognized were EUR 1.2 (1.1) million. The Group applies a simplified
provision matrix approach for expected credit losses on trade and rental receivables. Management
has estimated the expected credit loss to be immaterial and thus does not recognize expected credit
loss on contract assets. Terminal due receivables form a separate category in trade receivables, since
the credit losses on terminal due receivables are minor due to offsetting arrangement and customer
base and no expected credit loss is recognized. Contract assets amount to EUR 13.7 (13.6) million and
terminal due receivables to EUR 6.0 (4.8) million. The Fulfillment and Logistics Services segment takes
into account, in its expected credit loss calculation, any collateral provided by the customer, such as
goods pledged and stored in Posti\u2019s warehouses.
Aging of trade receivables
EUR million
2025
2024
Not yet due
154.7
151.6
1\u201330 days overdue
15.0
15.5
31\u201360 days overdue
1.9
2.0
61\u201390 days overdue
0.6
1.4
91\u2013180 days overdue
0.7
3.2
181\u2013 days overdue
4.5
2.3
Trade receivables gross
177.5
176.1
Expected credit loss
-1.2
-2.6
Trade receivables net
176.3
173.6
Capital management
The target of the Group's capital management is to secure financing required by businesses and the
Group\u2019s ability to operate in capital markets under all circumstances. Although the Group has no
public credit rating issued by a credit rating agency, it seeks to maintain a capital structure that would
be required for investment grade rating. The Board of Directors assesses the capital structure on a
regular basis. The Group\u2019s loan agreements do not contain financial covenants.
The Group\u2019s target is to pay continuously increasing ordinary dividends, and a payout ratio of at least
60 percent of net income based on the Board of Directors approved dividend policy.
The Group monitors its capital structure by assessing net debt to adjusted EBITDA, financial net debt
to adjusted EBITDA and equity ratio.
2025
2024
Net debt / adjusted EBITDA
2.6x
1.2x
Financial net debt / adjusted EBITDA
1.1x
-0.1x
Equity ratio
24.6%
25.2%
Reconciliation of net debt
2025
EUR million
Interest
bearing
borrowings
Interest
bearing
lease
liabilities
Interest
bearing
borrowings
total
Liquid
funds
Net debt
total
Carrying amount on Jan 1
89.8
271.2
361.1
103.5
257.5
Cash flows
179.6
-75.3
104.3
-54.6
158.9
Effect of exchange rate changes
-
5.0
5.0
0.4
4.6
Other non-cash items
-
96.0
96.1
-
96.1
Carrying amount on Dec 31
269.5
296.9
566.4
49.4
517.0
Fair value on Dec 31
269.7
296.9
566.7
2024
EUR million
Interest
bearing
borrowings
Interest
bearing
lease
liabilities
Interest
bearing
borrowings
total
Liquid
funds
Net debt
total
Carrying amount on Jan 1
60.0
290.7
350.8
110.8
240.0
Cash flows
29.8
-72.1
-42.4
-7.8
-34.6
Acquired businesses
-
0.5
0.5
0.7
-0.2
Effect of exchange rate changes
-
-3.4
-3.4
-0.2
-3.2
Other non-cash items
0.1
55.4
55.5
55.5
Carrying amount on Dec 31
89.8
271.2
361.1
103.5
257.5
Fair value on Dec 31
90.0
271.2
361.3
Net debt and the related figures above do not include the interest-bearing liability of EUR 7.2 (7.2)
million to the City of Helsinki related to exchanges of land areas.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-388": { "value": "
Trade receivables are subject to only minor credit risk concentrations due to the Group\u2019s extensive
customer base. Credit losses recognized were EUR 1.2 (1.1) million. The Group applies a simplified
provision matrix approach for expected credit losses on trade and rental receivables. Management
has estimated the expected credit loss to be immaterial and thus does not recognize expected credit
loss on contract assets. Terminal due receivables form a separate category in trade receivables, since
the credit losses on terminal due receivables are minor due to offsetting arrangement and customer
base and no expected credit loss is recognized. Contract assets amount to EUR 13.7 (13.6) million and
terminal due receivables to EUR 6.0 (4.8) million. The Fulfillment and Logistics Services segment takes
into account, in its expected credit loss calculation, any collateral provided by the customer, such as
goods pledged and stored in Posti\u2019s warehouses.
Aging of trade receivables
EUR million
2025
2024
Not yet due
154.7
151.6
1\u201330 days overdue
15.0
15.5
31\u201360 days overdue
1.9
2.0
61\u201390 days overdue
0.6
1.4
91\u2013180 days overdue
0.7
3.2
181\u2013 days overdue
4.5
2.3
Trade receivables gross
177.5
176.1
Expected credit loss
-1.2
-2.6
Trade receivables net
176.3
173.6
", "dimensions": { "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-389": { "value": "
Capital management
The target of the Group's capital management is to secure financing required by businesses and the
Group\u2019s ability to operate in capital markets under all circumstances. Although the Group has no
public credit rating issued by a credit rating agency, it seeks to maintain a capital structure that would
be required for investment grade rating. The Board of Directors assesses the capital structure on a
regular basis. The Group\u2019s loan agreements do not contain financial covenants.
", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-392": { "value": "
23. Commitments and other contingent liabilities
EUR million
2025
2024
Guarantees
8.9
8.8
Total
8.9
8.8
Guarantees have been given for obligations arising in the ordinary course of business of the Group.
Guarantees have been given by either financial institutions or Posti Group Corporation on behalf of
Group companies. These guarantees have typically been given on behalf of a Group company\u2019s
contractual payment obligations or for authority requirement, and as a counter guarantee to banks.
Posti has investment commitments of EUR 9.5 million related to lease liabilities and other agreements,
the commencement dates of which are after the balance sheet date.
Legal proceedings
In November 2024, the Finnish Data Protection Authority (DPO) issued a decision regarding a
complaint filed by an individual consumer customer in July 2018, regarding Posti\u2019s electronic mailbox
service formerly known as Netposti. The authority\u2019s decision focused on onboarding to an electronic
mailbox and processing of personal data. According to the authority\u2019s view, informing consumer
customers about the onboarding and functionality of the mailbox had not been sufficient. In the
decision, Posti was ordered an administrative fine of EUR 2.4 million. Posti considered the authority\u2019s
decision unfounded and the administrative fine unreasonable, and appealed with the Helsinki
Administrative Court. On November 3, 2025, the Helsinki Administrative Court issued its decision and
reversed the administrative fine in total, but upheld the remark concerning the lack of transparent
customer information.\u202fThe Data Protection Authority has appealed the Helsinki Administrative Court\u2019s
decision with the Supreme Administrative Court. No provision has been booked for this cause.
Based on complaints by some of Posti\u2019s competitors, the Finnish Consumer and Competition Authority
(FCCA) has since 2017 investigated Posti\u2019s suspected abuse of a dominant market position related to
the corporate letter market in Finland. In December 2024 the FCCA issued Posti a draft proposal to
the Market Court for imposition of a competition infringement fine. Posti\u2019s hearing of the draft
proposal is pending, The FCCA has not made any final decisions in the matter, and the draft proposal
did not include any amount of the possibly proposed infringement fine, the legal maximum amount of
which corresponds to ten percent of the Group\u2019s turnover. Posti will defend itself against the
allegations, which it considers unfounded and erroneous. The matter is pending at the FCCA. No
provision has been booked for this cause.
The Group has not been involved in any other material administrative proceedings, lawsuits or
arbitration proceedings (including pending proceedings and proceeding the threat of which the Group
is aware of), which may have, or which in the recent past have had, a significant impact on the
financial position or profitability of the Group or its subsidiaries. Management is not aware of any
factors or circumstances that could reasonably be assumed to lead to material claims against the
Company or its subsidiaries.
Other contingent liabilities
The Group has an estimated environmental liability of EUR 3.9 million related to the cleaning of the
land areas in the Etel\u00e4inen Postipuisto area. The environmental liability includes land exchange and
land reception. Remediation activities and cost sharing have been agreed in more detail with the City
of Helsinki. The cleaning of the area started at the end of 2024, continued throughout 2025 and is
estimated to be completed during 2026. The overall estimate and schedule is revised quarterly based
on management's assessment and ongoing discussions with both the City of Helsinki and the
contractor. The total costs at the time of completion of the cleaning may affect the land use
compensation to be paid to the city. Posti is also responsible for building a parking facility in the
Etel\u00e4inen Postipuisto area.
Posti was granted distribution support for newspaper delivery by Traficom's decision for the first 12-
month support period starting on October 1, 2023, second on October 1, 2024 and third on October 1,
2025. In addition, Posti was ordered to distribute newspapers in certain areas as a public service
obligation. In January 2025, Posti applied to Traficom for the remaining portion of the support and
reimbursement of costs for implementing the public service obligation. Discussions with Traficom are
still ongoing regarding the cost allocation of distribution costs in supported areas to newspapers
covered by a government grant. The uncertainty concerns an estimated total of EUR 2.0 million from
completed and ongoing support periods. For this temporary distribution support, the VAT treatment
has also proven to be unclear in certain respects. Posti has applied for preliminary ruling from the
Central Tax Board on the VAT treatment of the distribution support. Currently, Posti recognizes other
operating income as VAT exempt.", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-391": { "value": "
23. Commitments and other contingent liabilities
EUR million
2025
2024
Guarantees
8.9
8.8
Total
8.9
8.8
Guarantees have been given for obligations arising in the ordinary course of business of the Group.
Guarantees have been given by either financial institutions or Posti Group Corporation on behalf of
Group companies. These guarantees have typically been given on behalf of a Group company\u2019s
contractual payment obligations or for authority requirement, and as a counter guarantee to banks.
Posti has investment commitments of EUR 9.5 million related to lease liabilities and other agreements,
the commencement dates of which are after the balance sheet date.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-390": { "value": "
23. Commitments and other contingent liabilities
EUR million
2025
2024
Guarantees
8.9
8.8
Total
8.9
8.8
Guarantees have been given for obligations arising in the ordinary course of business of the Group.
Guarantees have been given by either financial institutions or Posti Group Corporation on behalf of
Group companies. These guarantees have typically been given on behalf of a Group company\u2019s
contractual payment obligations or for authority requirement, and as a counter guarantee to banks.
Posti has investment commitments of EUR 9.5 million related to lease liabilities and other agreements,
the commencement dates of which are after the balance sheet date.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCollateralExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-393": { "value": "
Legal proceedings
In November 2024, the Finnish Data Protection Authority (DPO) issued a decision regarding a
complaint filed by an individual consumer customer in July 2018, regarding Posti\u2019s electronic mailbox
service formerly known as Netposti. The authority\u2019s decision focused on onboarding to an electronic
mailbox and processing of personal data. According to the authority\u2019s view, informing consumer
customers about the onboarding and functionality of the mailbox had not been sufficient. In the
decision, Posti was ordered an administrative fine of EUR 2.4 million. Posti considered the authority\u2019s
decision unfounded and the administrative fine unreasonable, and appealed with the Helsinki
Administrative Court. On November 3, 2025, the Helsinki Administrative Court issued its decision and
reversed the administrative fine in total, but upheld the remark concerning the lack of transparent
customer information.\u202fThe Data Protection Authority has appealed the Helsinki Administrative Court\u2019s
decision with the Supreme Administrative Court. No provision has been booked for this cause.
Based on complaints by some of Posti\u2019s competitors, the Finnish Consumer and Competition Authority
(FCCA) has since 2017 investigated Posti\u2019s suspected abuse of a dominant market position related to
the corporate letter market in Finland. In December 2024 the FCCA issued Posti a draft proposal to
the Market Court for imposition of a competition infringement fine. Posti\u2019s hearing of the draft
proposal is pending, The FCCA has not made any final decisions in the matter, and the draft proposal
did not include any amount of the possibly proposed infringement fine, the legal maximum amount of
which corresponds to ten percent of the Group\u2019s turnover. Posti will defend itself against the
allegations, which it considers unfounded and erroneous. The matter is pending at the FCCA. No
provision has been booked for this cause.
The Group has not been involved in any other material administrative proceedings, lawsuits or
arbitration proceedings (including pending proceedings and proceeding the threat of which the Group
is aware of), which may have, or which in the recent past have had, a significant impact on the
financial position or profitability of the Group or its subsidiaries. Management is not aware of any
factors or circumstances that could reasonably be assumed to lead to material claims against the
Company or its subsidiaries.
Other contingent liabilities
The Group has an estimated environmental liability of EUR 3.9 million related to the cleaning of the
land areas in the Etel\u00e4inen Postipuisto area. The environmental liability includes land exchange and
land reception. Remediation activities and cost sharing have been agreed in more detail with the City
of Helsinki. The cleaning of the area started at the end of 2024, continued throughout 2025 and is
estimated to be completed during 2026. The overall estimate and schedule is revised quarterly based
on management's assessment and ongoing discussions with both the City of Helsinki and the
contractor. The total costs at the time of completion of the cleaning may affect the land use
compensation to be paid to the city. Posti is also responsible for building a parking facility in the
Etel\u00e4inen Postipuisto area.
Posti was granted distribution support for newspaper delivery by Traficom's decision for the first 12-
month support period starting on October 1, 2023, second on October 1, 2024 and third on October 1,
2025. In addition, Posti was ordered to distribute newspapers in certain areas as a public service
obligation. In January 2025, Posti applied to Traficom for the remaining portion of the support and
reimbursement of costs for implementing the public service obligation. Discussions with Traficom are
still ongoing regarding the cost allocation of distribution costs in supported areas to newspapers
covered by a government grant. The uncertainty concerns an estimated total of EUR 2.0 million from
completed and ongoing support periods. For this temporary distribution support, the VAT treatment
has also proven to be unclear in certain respects. Posti has applied for preliminary ruling from the
Central Tax Board on the VAT treatment of the distribution support. Currently, Posti recognizes other
operating income as VAT exempt.", "dimensions": { "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-394": { "value": "
24. Related party transactions
Parties are considered to be related parties if one party has the ability to control the other party or to
exercise significant influence or joint control over the other party in making financial and operational
decisions. Posti\u2019s related parties include the Parent Company Posti Group Corporation's subsidiaries
and its main shareholder, the State of Finland, represented by the Prime Minister\u2019s Office. Entities that
are controlled or jointly controlled by or are associates of the State of Finland are related parties of
Posti. Related parties also include the members of the Board of Directors, the President and CEO, the
Posti Leadership Team and the close family members of these individuals and entities that are
controlled or jointly controlled by a person identified as a related party. Posti has Group-wide
procedures in place to assess potential conflicts of interest, and to ensure that any transactions with
related parties can be considered as ordinary course of business, executed at arm's length principle.
The key management consists of the members of the Board of Directors, the President and CEO and
members of the Posti Leadership Team.
Transactions with related parties
Transactions between Group companies are eliminated in the Consolidated Financial Statements.
No financial loans have been granted to key management. Posti did not have significant business
transactions with key management or their related parties during the periods presented. For key
management remuneration, see note Employee benefits.
Posti has business relations with government-related entities. Posti has recognized EUR 7.1 (8.1) million
in government grants from Traficom regarding Postal Services distribution support and vehicle
acquisition support. Receivables related to previous grant periods total EUR 8.4 (5.2) million. Advances
received for ongoing grant period are EUR 2.2 (1.6) million. During the periods presented, Posti did not
carry out any other business transactions with these entities that were individually or collectively
significant quantitatively or qualitatively.
25. Group companies
The Group's Parent Company is Posti Group Corporation.
Subsidiaries Dec 31, 2025***
Primary reporting segment
Country
Group's holding
Posti Group Suomi Oy
Group functions
Finland
100%
Posti Jakelu Oy
PS
Finland
100%
Posti Palvelut Oy
PS
Finland
100%
Posti Messaging Oy
PS
Finland
100%
Posti Messaging O\u00dc
PS
Estonia
100%
Posti Messaging SIA
PS
Latvia
100%
Posti Messaging GmbH
PS
Germany
100%
SmartPosti UAB*
eCD
Lithuania
100%
SmartPosti SIA*
eCD
Latvia
100%
Posti Oy
eCD
Finland
100%
Posti Kuljetus Oy
eCD
Finland
100%
SmartPosti O\u00dc*
eCD
Estonia
100%
Posti 3PL Contract Logistics Oy
FLS
Finland
100%
Posti 4PL Contract Logistics Oy
FLS
Finland
100%
Posti Verkkologistiikka Oy
FLS
Finland
100%
Posti Satamalogistiikka Oy
FLS
Finland
100%
Posti Logistics Management Oy
FLS
Finland
100%
Posti Teollisuusratkaisut Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Oy
FLS
Finland
100%
Posti 3PL Etel\u00e4-Suomi Oy
FLS
Finland
100%
Posti 3PL P\u00e4\u00e4kaupunkiseutu Oy
FLS
Finland
100%
Posti Logistiikka ja Varastointi Oy
FLS
Finland
100%
Posti Logistics Handling Oy
FLS
Finland
100%
Posti Logistics Warehousing Oy
FLS
Finland
100%
Posti Rakennuslogistiikka Oy
FLS
Finland
100%
Posti Logistics Solutions Supply Oy
FLS
Finland
100%
Posti Logistics Services Oy
FLS
Finland
100%
Posti Logistics Terminal Oy
FLS
Finland
100%
Posti Warehousing Oy
FLS
Finland
100%
Posti Logistics Wholesale Oy
FLS
Finland
100%
Posti Logistics Solutions AB*
FLS
Sweden
100%
Posti Logistics Solutions AS*
FLS
Norway
100%
Posti Logistics Staffing AB*
FLS
Sweden
100%
Subsidiaries Dec 31, 2025***
Primary reporting segment
Country
Group's holding
Posti Logistics Inhouse AB**
FLS
Sweden
100%
Posti Henkil\u00f6st\u00f6ratkaisut Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Etel\u00e4-Suomi Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut L\u00e4nsi-Suomi Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut It\u00e4-Suomi Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Keski-Suomi Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Fast Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Move Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Flex Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Action Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Support Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Motion Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Extra Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Flow Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Uusimaa Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Espoo Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Helsinki Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Tuusula Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Vantaa Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Craft Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Works Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Chain Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Kilo Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Vaasa Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Ty\u00f6maapalvelut Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Sigma Oy
FLS
Finland
100%
PSPostal services
eCDeCommerce and Delivery Services
FLSFulfillment and Logistics Services
*Aditro Logistics in Sweden and Norway was named Posti in March 2025. In the Baltics, the Itella SmartPost brand has changed to SmartPosti
in February/March 2025.
**Posti Logistics Solutions AB acquired Coldcup 37927 AB (shell company) in September 2025. Coldcup 37927 AB registered as Posti Logistics
Inhouse AB in October 2025.
***Posti Messaging Sp. z o.o. was dissolved and the business was terminated in August 2025", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-396": { "value": "
25. Group companies
The Group's Parent Company is Posti Group Corporation.
Subsidiaries Dec 31, 2025***
Primary reporting segment
Country
Group's holding
Posti Group Suomi Oy
Group functions
Finland
100%
Posti Jakelu Oy
PS
Finland
100%
Posti Palvelut Oy
PS
Finland
100%
Posti Messaging Oy
PS
Finland
100%
Posti Messaging O\u00dc
PS
Estonia
100%
Posti Messaging SIA
PS
Latvia
100%
Posti Messaging GmbH
PS
Germany
100%
SmartPosti UAB*
eCD
Lithuania
100%
SmartPosti SIA*
eCD
Latvia
100%
Posti Oy
eCD
Finland
100%
Posti Kuljetus Oy
eCD
Finland
100%
SmartPosti O\u00dc*
eCD
Estonia
100%
Posti 3PL Contract Logistics Oy
FLS
Finland
100%
Posti 4PL Contract Logistics Oy
FLS
Finland
100%
Posti Verkkologistiikka Oy
FLS
Finland
100%
Posti Satamalogistiikka Oy
FLS
Finland
100%
Posti Logistics Management Oy
FLS
Finland
100%
Posti Teollisuusratkaisut Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Oy
FLS
Finland
100%
Posti 3PL Etel\u00e4-Suomi Oy
FLS
Finland
100%
Posti 3PL P\u00e4\u00e4kaupunkiseutu Oy
FLS
Finland
100%
Posti Logistiikka ja Varastointi Oy
FLS
Finland
100%
Posti Logistics Handling Oy
FLS
Finland
100%
Posti Logistics Warehousing Oy
FLS
Finland
100%
Posti Rakennuslogistiikka Oy
FLS
Finland
100%
Posti Logistics Solutions Supply Oy
FLS
Finland
100%
Posti Logistics Services Oy
FLS
Finland
100%
Posti Logistics Terminal Oy
FLS
Finland
100%
Posti Warehousing Oy
FLS
Finland
100%
Posti Logistics Wholesale Oy
FLS
Finland
100%
Posti Logistics Solutions AB*
FLS
Sweden
100%
Posti Logistics Solutions AS*
FLS
Norway
100%
Posti Logistics Staffing AB*
FLS
Sweden
100%
Subsidiaries Dec 31, 2025***
Primary reporting segment
Country
Group's holding
Posti Logistics Inhouse AB**
FLS
Sweden
100%
Posti Henkil\u00f6st\u00f6ratkaisut Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Etel\u00e4-Suomi Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut L\u00e4nsi-Suomi Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut It\u00e4-Suomi Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Keski-Suomi Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Fast Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Move Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Flex Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Action Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Support Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Motion Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Extra Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Flow Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Uusimaa Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Espoo Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Helsinki Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Tuusula Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Vantaa Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Craft Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Works Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Chain Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Kilo Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Vaasa Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Ty\u00f6maapalvelut Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Sigma Oy
FLS
Finland
100%
PSPostal services
eCDeCommerce and Delivery Services
FLSFulfillment and Logistics Services
*Aditro Logistics in Sweden and Norway was named Posti in March 2025. In the Baltics, the Itella SmartPost brand has changed to SmartPosti
in February/March 2025.
**Posti Logistics Solutions AB acquired Coldcup 37927 AB (shell company) in September 2025. Coldcup 37927 AB registered as Posti Logistics
Inhouse AB in October 2025.
***Posti Messaging Sp. z o.o. was dissolved and the business was terminated in August 2025.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-395": { "value": "
25. Group companies
The Group's Parent Company is Posti Group Corporation.
Subsidiaries Dec 31, 2025***
Primary reporting segment
Country
Group's holding
Posti Group Suomi Oy
Group functions
Finland
100%
Posti Jakelu Oy
PS
Finland
100%
Posti Palvelut Oy
PS
Finland
100%
Posti Messaging Oy
PS
Finland
100%
Posti Messaging O\u00dc
PS
Estonia
100%
Posti Messaging SIA
PS
Latvia
100%
Posti Messaging GmbH
PS
Germany
100%
SmartPosti UAB*
eCD
Lithuania
100%
SmartPosti SIA*
eCD
Latvia
100%
Posti Oy
eCD
Finland
100%
Posti Kuljetus Oy
eCD
Finland
100%
SmartPosti O\u00dc*
eCD
Estonia
100%
Posti 3PL Contract Logistics Oy
FLS
Finland
100%
Posti 4PL Contract Logistics Oy
FLS
Finland
100%
Posti Verkkologistiikka Oy
FLS
Finland
100%
Posti Satamalogistiikka Oy
FLS
Finland
100%
Posti Logistics Management Oy
FLS
Finland
100%
Posti Teollisuusratkaisut Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Oy
FLS
Finland
100%
Posti 3PL Etel\u00e4-Suomi Oy
FLS
Finland
100%
Posti 3PL P\u00e4\u00e4kaupunkiseutu Oy
FLS
Finland
100%
Posti Logistiikka ja Varastointi Oy
FLS
Finland
100%
Posti Logistics Handling Oy
FLS
Finland
100%
Posti Logistics Warehousing Oy
FLS
Finland
100%
Posti Rakennuslogistiikka Oy
FLS
Finland
100%
Posti Logistics Solutions Supply Oy
FLS
Finland
100%
Posti Logistics Services Oy
FLS
Finland
100%
Posti Logistics Terminal Oy
FLS
Finland
100%
Posti Warehousing Oy
FLS
Finland
100%
Posti Logistics Wholesale Oy
FLS
Finland
100%
Posti Logistics Solutions AB*
FLS
Sweden
100%
Posti Logistics Solutions AS*
FLS
Norway
100%
Posti Logistics Staffing AB*
FLS
Sweden
100%
Subsidiaries Dec 31, 2025***
Primary reporting segment
Country
Group's holding
Posti Logistics Inhouse AB**
FLS
Sweden
100%
Posti Henkil\u00f6st\u00f6ratkaisut Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Etel\u00e4-Suomi Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut L\u00e4nsi-Suomi Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut It\u00e4-Suomi Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Keski-Suomi Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Fast Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Move Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Flex Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Action Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Support Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Motion Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Extra Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Flow Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Uusimaa Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Espoo Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Helsinki Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Tuusula Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Vantaa Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Craft Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Works Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Chain Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Kilo Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Vaasa Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Ty\u00f6maapalvelut Oy
FLS
Finland
100%
Posti Logistiikkaratkaisut Sigma Oy
FLS
Finland
100%
PSPostal services
eCDeCommerce and Delivery Services
FLSFulfillment and Logistics Services
*Aditro Logistics in Sweden and Norway was named Posti in March 2025. In the Baltics, the Itella SmartPost brand has changed to SmartPosti
in February/March 2025.
**Posti Logistics Solutions AB acquired Coldcup 37927 AB (shell company) in September 2025. Coldcup 37927 AB registered as Posti Logistics
Inhouse AB in October 2025.
***Posti Messaging Sp. z o.o. was dissolved and the business was terminated in August 2025", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f-397": { "value": "
26. Events after the reporting period
On January 7, 2026, Posti announced plans to restructure its delivery operations and customer service
to adapt to declining paper mail volumes and increasing digitalization. The planned changes include
organizational restructuring, increased automation in sorting, transfer of certain Posti-owned shops to
partner networks, and centralization of customer service. These measures are estimated to reduce
approximately 172 permanent positions in total. Posti aims to minimize layoffs by offering voluntary
solutions, redeployment opportunities, and training. The changes are intended to improve operational
efficiency and ensure the long-term sustainability of services. On February 4, 2026, Posti announced
that after the negotiations, the need for reductions was specified to 121 employees.
On January 23, 2026, Posti announced Posti\u2019s Shareholders\u2019 Nomination Board proposals for the
Annual General Meeting 2026. The Nomination Board proposes that the Board of Directors shall
consist of seven members and that all current members be re\u2011elected, except for Mervi Airaksinen,
who is no longer available for a new term. The Nomination Board further proposes that Sanna
Suvanto\u2011Harsaae be elected Chair of the Board and Jukka Leinonen Deputy Chair. The Nomination
Board also proposes adjustments to Board remuneration as part of a long\u2011term program intended to
bring remuneration levels in line with the market.
On February 2, 2026, Posti announced that Kaj Kulp, M.Sc, MBA, was appointed SVP, Strategy and
Business Development and a member of the Posti Group\u2019s Leadership Team as of March 1, 2026. He
will report to Antti J\u00e4\u00e4skel\u00e4inen, President and CEO of Posti Group. Kulp has worked for Posti since
2012 and Kaj has held management positions in eCommerce and Delivery Services as well as in Postal
Services. In his latest role, he was leading Posti's innovations and strategic initiatives.
On February 13, 2026, Posti announced that Posti\u2019s Board of Directors approved two new long-term
share-based incentive programs, the Performance Share Program (PSP) and the Restricted Share
Program (RSP) for Posti\u2019s Leadership and selected Key Employees. The first programs PSP 2026\u20132028
and RSP 2026-2028 will start at the beginning of 2026 and any rewards will be paid in Spring 2029. The
Board also decided to convert the rewards from cash to shares for those participants in the LTI
2024-2026 and LTI 2025-2027 plans who also participate in the PSP 2026-2028 and for those any
rewards will be paid in spring 2027 and spring 2028. The maximum number of shares to be paid from
these programs are approximately 343,000 shares for LTI 2024-2026 (Spring 2027), approx. 389,800
shares for LTI 2025-2027 (Spring 2028), approx. 544,000 shares for PSP 2026\u20132028 (Spring 2029) and
approx. 54,000 shares for RSP 2026-2028 (Spring 2029).
On March 2, 2026, Posti announced that its Board of Directors had resolved to convene the Annual
General Meeting to be held on April 15, 2026. The notice to the meeting includes the Board\u2019s proposal
to distribute a dividend of EUR 0.84 per share in two installments, totaling EUR 34.0 million, based on
the confirmed financial statements for 2025. The AGM agenda also includes customary annual items
related to governance, remuneration and auditor matters, as well as proposed authorizations for the
repurchase of the company\u2019s own shares and for share issuances. Registration for the AGM can be
done at the company website at posti.com/en/investors/agm/2026.", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:743700DOHLQIENKTC391", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } } } }