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Portugal Pulse: Portugal News / Expats Community / Turorial / Listing

CTT’s profit rises 18.4% until September to 32.8 million

Between January and September, operating revenues reached 911.2 million euros, marking an increase of 15% compared to the previous year. This growth was driven by the strong performance of Express and Parcels, including the consolidation of Cacesa starting from April 30, 2025, as well as the continued growth of Banco CTT and increased placement of public debt in financial services.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 21.9% to 134.8 million euros.

In the first nine months, Logistics reached 775.8 million euros, a year-on-year growth of 14.3%, representing 85% of CTT’s total revenues, while Express and Parcels (E&P) reached 434.2 million euros (+31.4%), “being the area that most contributes to CTT’s revenue (48%), thanks to the growth of e-commerce in the Iberian Peninsula and the consolidation of Cacesa,” CTT noted.

Banco and Financial Services reached 135.4 million euros by the end of September, a 19.1% year-on-year increase, driven by the increased placement of public debt, which has recovered relative to the first nine months of 2024, “and the sustained growth of Banco CTT.”

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