How Investors Are Reacting To InPost (ENXTAM:INPST) Sales Growth Amid Falling Net Income

• InPost S.A. has released its half-year earnings for the period ended June 30, 2025, announcing sales of PLN6.49 billion, up from PLN5.05 billion a year earlier, but reporting a net income decrease to PLN317 million from PLN591.2 million over the same period.
• The combination of rising sales and declining net income signals both strong revenue momentum and ongoing cost or margin pressures, which may raise questions among investors about the company's profitability outlook.
• We’ll explore how this mix of increased sales and contracting earnings shapes the outlook for InPost, especially regarding future margin expectations.

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InPost Investment Narrative Recap

To be a shareholder of InPost, you need to believe that the company’s parcel locker-driven, out-of-home delivery network can sustain strong revenue momentum and unlock operating leverage, despite competitive and cost pressures. The latest half-year news, showing rising sales but declining net income, brings earnings pressure into focus. This could affect the near-term margin improvement narrative, but does not materially alter the biggest short-term catalyst: further APM deployment and integration gains following the Yodel acquisition. The most immediate risk remains cost and margin pressure as expansion outlays and integration costs are absorbed.

The recent €231.88 million follow-on equity offering in July 2025 is especially relevant, as it indicates InPost is supporting network buildout and acquisition integration through new capital. While this financing helps fund key catalysts like locker expansion and UK acquisition synergies, it also reflects ongoing capital intensity, which may weigh on profitability metrics until higher-margin volumes scale across the network.

By contrast, investors should be aware that if operating costs rise faster than revenue or efficiencies are delayed…

Read the full narrative on InPost (it's free!)

InPost's narrative projects PLN21.9 billion revenue and PLN2.9 billion earnings by 2028. This requires 21.0% yearly revenue growth and a PLN1.9 billion earnings increase from current earnings of PLN971.5 million.

Uncover how InPost's forecasts yield a €18.60 fair value, a 69% upside to its current price.

Exploring Other Perspectives

Ten members of the Simply Wall St Community estimate InPost’s fair value between €10.98 and €50, with views spread from close to the share price up to nearly five times higher. As cost and margin pressure persists, you may want to compare these diverse perspectives for insight on how performance risks could influence future returns.

Explore 10 other fair value estimates on InPost - why the stock might be worth just €10.98!

Build Your Own InPost Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your InPost research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.
• Our free InPost research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate InPost's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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