InPost parcel volumes in the UK and Ireland jumped 220 per cent in its first quarter, although it noted that Yodel integration pushed the division to a loss.
The parcel locker operator delivered 76.9 million parcels across the UK and Ireland in the three months to March 31, up from 24 million a year earlier.
Revenue in the division rose 120.9 per cent to PLN 947.7 million, boosted by the consolidation of Yodel and strong growth in consumer-to-consumer and business-to-consumer volumes.
However, adjusted EBITDA swung to a PLN 48.9 million loss, compared with a PLN 61.7 million profit last year, as InPost continued to invest in the transformation of its UK parcel business.
InPost said the Yodel integration, which restarted in January, was focused on cost-per-parcel optimisation, logistics network consolidation and middle-mile efficiency.
The business said it had become the UK’s largest out-of-home delivery network, with 14,623 automated parcel machines at the end of the quarter, up 45 per cent year on year.
It added around 70 new UK parcel machines a week during the period, taking its total out-of-home network in the country to 18,672 points.
Group-wide parcel volumes rose 32 per cent to 359.2 million, while revenue increased 30.8 per cent to PLN 3.86 billion.
However, group adjusted EBITDA fell four per cent to PLN 902.2 million as profit growth in Poland and the Eurozone was offset by the UK transformation.
International markets now account for 53 per cent of InPost’s group revenue, compared with 47 per cent from Poland.
Founder and chief executive Rafał Brzoska said: “2026 has started in line with our expectations, and in several areas ahead of them.
“The UK was a particular highlight. InPost already is the country’s largest out-of-home network. The Yodel transformation we restarted in January is already translating into better service for British shoppers, faster, more reliable, and increasingly out-of-home, although still requiring investment.”
In Poland, parcel volumes rose eight per cent to 188.1 million, while adjusted EBITDA increased 7.4 per cent to PLN 849.4 million.
Eurozone volumes climbed 28 per cent to 94.2 million, with adjusted EBITDA up 27.7 per cent to PLN 149.9 million.
InPost said its full-year outlook was unchanged. It expects group volumes to grow in the mid-to-high teens, with UK volumes rising in the low 30s and Eurozone volumes up in the high 20s.
The company plans to deploy around 20,000 parcel machines across its markets this year, including 5000 in the UK, 12,000 in the Eurozone and 3000 in Poland.
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