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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Titeldia + afbeelding Strong heritage, transforming for the future The Hague – 3 August 2026 1 HY 2026 results
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 resultsConnected to deliver what drives us all forward2 Published by: PostNL NV Waldorpstraat 3 2521 CA The Hague The Netherlands Additional information Additional information is available at www.postnl.nl. Elements of this presentation contain or may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Note that the numbers presented in this presentation (tables and result explanations) may not sum precisely to the totals provided and percentages may not precisely reflect the absolute figures due to rounding. Warning about forward-looking statements Some statements in this presentation are 'forward-looking statements'. By nature, forward- looking statements involve risk and uncertainty because they relate to events and depend on circumstances that may occur in the future. These forward-looking statements involve known and unknown risks, uncertainties and other factors that are outside of our control and impossible to predict, and may cause actual results to differ materially from any future results expressed or implied. These forward-looking statements are based on current expectations, estimates, forecasts, analyses and projections about the industries in which we operate and management's beliefs and assumptions about possible future events. You are cautioned not to put undue reliance on these forward-looking statements, which only speak as of the date of this presentation and are neither predictions nor guarantees of possible future events or circumstances. We do not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as may be required under applicable securities law. Use of non-GAAP information In presenting and discussing the PostNL Group operating results, management uses certain non- GAAP financial measures. These non-GAAP financial measures should not be viewed in isolation as alternatives to the equivalent IFRS measures and should be used in conjunction with the most directly comparable IFRS measures. Non-GAAP financial measures do not have standardised meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The main non-GAAP key financial performance indicator is normalised EBIT. Normalised EBIT is derived from the IFRS- based performance measure operating income adjusted for the impact of project costs and incidentals.
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Connected to deliver what drives us all forward3 Content 1. Key messages 2. Connected to deliver what drives us all forward 3. HY 2026 performance and Outlook FY 2026 4. Q&A 5. Appendix
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Connected to deliver what drives us all forward4 Key messages
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Tekst Connected to deliver what drives us all forward Resilient performance in challenging markets August 2, 2026 Key takeaways HY 2026 Key non-financial KPIs HY 2026 • 39% share of emission-free last-mile delivery (HY 2025: 32%) • NPS: average #1 position in relevant markets • 8% absenteeism (HY 2025: 9%) 5 • E-commerce: volume-to-value strategy gaining traction, average price per parcel up 5.0% • Platforms: growth in European e-commerce activities, declining volumes from Asian web shops • Mail: successful implementation of shift to standard mail delivery within 2 days • Outlook FY 2026 confirmed • ~€75 million additional cost savings in 2027-28, mainly in E-commerce • Re-defined OoH strategy to strengthen long-term competitive position (in € million) HY 2025 HY 2026 Revenue 1,589 1,590 Normalised EBIT (5) (3) Free cash flow (80) (17) Normalised profit (7) (9)
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Connected to deliver what drives us all forward6 Connected to deliver what drives us all forward
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Platforms Capture international growth through asset-light models E-commerce From volume to value through a differentiated approach and smart network utilisation We grow our business, create sustainable value, lead through innovation and make impact that matters Financial KPIs Connected to deliver what drives us all forward NPS Carbon efficiency Employee Engagement Mail Transform to a future-proof postal service Compliance Strategic Portfolio Priorities Data foundation Stable workforce Seamless services Optimised E-commerce portfolio Network efficiency Future Mail 1st time right International growth Must Do
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Tekst Connected to deliver what drives us all forward Intensifying external challenges • Geopolitical uncertainty impacts consumer spending, consumer confidence, market growth and fuel prices • Intensifying competition from new market entrants • Shifting market dynamics following introduction of import duty and handling fees (1 July and 1 November) Performance management • Sharper customer segmentation, differentiated propositions and disciplined volume steering • Targeted yield measures gain traction and cost savings momentum protect profitability while weaker market conditions impacted volume development in HY 2026; momentum on main strategic measures will build in second half of year • Maintaining high NPS scores • ~€75 million additional cost savings in 2027-28, mainly in E-commerce E-commerce August 2, 2026 Growth Value InnovationImpact 8 Executing on volume-to-value strategy
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Tekst Connected to deliver what drives us all forward E-commerce: Clear progress in 2026 Resilient HY 2026 performance despite weaker market conditions impacting volume decline Monetise capacity by optimising customer and product mix • Contract renewals bring better balance between volume and margin; important negotiations concluded in Q2 • Improving capacity management and operational efficiency Focus on cost control • Expected cost savings in 2026: €40m - €50m (HY2026: €24m) • leaner and more efficient operating model in first and middle mile • benefits from implementation OoH strategy Be distinctive where it matters • Consumer in control: offer smart delivery suggestions and Best Day • Building on our # 1 receiver experience 9
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Tekst Connected to deliver what drives us all forward Proactive measures to strengthen competitive position Support path towards Breakthrough 2028 ambition while external challenges are intensifying Accelerate cost savings programme • Simplified E-commerce organisation and company-broad focus on performance management create potential to accelerate cost savings • ~€75m additional savings in 2027-28, bringing total cost savings to €170m-€180m in this period • Further efficiency improvements across E-commerce, IT, procurement and support functions • re-evaluate special flows in network • implementation AI agents in support functions • Remain agile and competitive in evolving market • structural reduction in cost base • more commercial flexibility • continue to create value Re-defined OoH strategy • Increasingly important differentiator in e-commerce logistics • Expand and enhance OoH proposition, building on • leading last-mile network • strong customer relationships • extensive OoH network • Includes scaling APL network to ~7,500 by 2031 • Develop integrated platform that seamlessly combines merchant check-out, digital customer journeys and high-density network to • accelerate OoH adoption • improve network efficiency • create additional value in entire delivery chain 10
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Tekst Connected to deliver what drives us all forward Platforms August 2, 2026 Growth Value InnovationImpact 11 Capture international growth through asset-light models Empowering European sales • Invest in workforce • Further roll-out Sales Intelligence Tool • Develop new customs capabilities Expanding network • Solidify relevance in European zone by leveraging on resilient, flexible and scalable network • Linehaul network expansion • Expanding SME fulfilment proposition to Italy and UK; live in Germany and Poland Enhancing IT landscape • Ready for customs regulation by diversifying clearance options and compliance-ready infrastructure • Invest in shared IT and AI opportunities • Strengthen position and broaden origin base beyond China • De-risk existing business and unlock new markets Asia and Americas
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Tekst Connected to deliver what drives us all forward Platforms: Progress in 2026 12 European cross-border market grows faster than domestic markets 1.5x Domestic markets European cross-border market Intensifying external challenges • New market entrants • Shifting market dynamics as Asian web shops re-define commercial propositions and logistics processes following introduction of import duty and handling fees • Geopolitical uncertainty impacts consumer spending, consumer confidence and fuel prices Performance management • Invest in marketing and shared IT and AI opportunities • Start-up costs European fulfilment centers • Introduced operational solution, clearance options and compliance- ready infrastructure for import duty applicable as of 1 July 2026
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Tekst Connected to deliver what drives us all forward Mail: Urgent political decisions still necessary Avoid further delay in safeguarding future-proof postal service Political process • Decide on adjustments in USO and amendments in Postal Act, necessary for transition to D+3 delivery • No solution yet for substantial net costs USO: • €30m in 2025 • €38m expected in 2026 • prepare application for net cost contribution over 2027 • Without political decisions: • uncertainty for thousands of workers, customers and consumers persists • postal service remains financially unsustainable Legal proceedings • European legislation: a provider of a public service is entitled to compensation if the obligations impose a disproportionate financial burden • Appeal initiated against decision onnet cost compensation • Further legal steps taken following rejection of our request to be relieved from USO • Appeal against ACM fine for not meeting quality standard in 2023 Our action plan • Ensure future-proof postal service • Full transition to D+2 successfully completed in July 2026 • transfer delivery letterbox parcels (D+1) and medical and funeral mail to E-commerce network • Preparations for D+3 started 13
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Tekst Connected to deliver what drives us all forward Successful transition to D+2 delivery as of 12 July Implications for segment performance in 2026 D+2: intermediate step towards future-proof postal service • Major operational transformation and months of careful preparation • Necessary to enable transition of mail delivery to D+3 • Letterbox parcels (D+1) via E-commerce network •new routes and processes •introduction new tariff model • Step-up in costs for 2026 in line with roadmap Mail E-commerce Volumes • ~50m-60m extra items as of mid 2026, annualised (~30m in 2026) Revenue • Increase in (internal) revenue • Price of letterbox parcel below current average price, resulting in negative mix effect Costs • Increase volume-dependent costs • Limited one-off transition costs Limited total impact on normalised EBIT in 2026 and expected to be margin accretive as of 2027 14 Additional revenue Related cost savings Additional costs Total impact ~(12) Revenue • Better service and quality reflected in pricing Cost savings • ~€20m in 2026 related to transfer of letterbox parcels Additional cost • Offsetting additional revenue and related cost savings Impact on normalised EBIT in HY2 2026 in €m Full elimination of off-peak routes Mail delivery concentrated on 3 days at every address T W T F SM
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Connected to deliver what drives us all forward15 HY 2026 performance and Outlook 2026
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 resultsPostNL HY2026 results Connected to deliver what drives us all forward Key reported figures Q2 & HY 2026 16 (in € million), volume in million items Volume Revenue Normalised EBIT Q2 2025 Q2 2026 Q2 2025 Q2 2026 E-commerce 94 89 488 486 Platforms 53 45 194 193 Mail 371 342 311 307 PostNL Other 49 52 Intercompany eliminations (236) (229) PostNL 807 810 HY 2025 HY 2026 HY 2025 HY 2026 HY 2025 HY 2026 E-commerce 181 170 961 937 15 12 Platforms 102 94 375 379 3 (3) Mail 742 703 620 623 (20) (9) PostNL Other 98 105 (3) (3) Intercompany eliminations (465) (454) PostNL 1,589 1,590 (5) (3)
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Tekst Connected to deliver what drives us all forward Revenue development E-commerce August 2, 2026 Progress on targeted yield measures: average price per parcel up 5.0% 17 in €m Q2 2025 Q2 2026 Parcels 399 398 Other services and eliminations 89 88 E-commerce 488 486 HY 2025 HY 2026 Parcels 779 765 Other services and eliminations 182 172 E-commerce 961 937 36 HY 2025 Volumes Price/mix Other HY 2026 961 (50) (10) 937 6.4% decline (Q1: -7.1%, Q2: -5.7%): Domestic volumes down 4.2% (Q1: -5.5%, Q2: -3.0%) • weak market growth • limited market share loss, as expected, following targeted yield measures International volumes, mainly Asian web shops down almost 15% (Q1: ~-13%, Q2:~-16%) • reflecting weaker market conditions and new low-cost entrants • impact volume-to-value strategy • significant first impact Introduction import duty 5.0% increase average price per parcel • targeted yield measures • fuel surcharge • minor unfavourable shift in mix Revenue, in €m Partly related to sale PS Nachtdistributie (Q2 2025) Revenue mix
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Tekst Connected to deliver what drives us all forward E-commerce normalised EBIT bridge HY 2026 18 Targeted yield measures cannot fully mitigate impact declining volumes on average cost per parcel 15 12 34 0 HY 2025 Revenue - volume Revenue - price / mix Volume-dependent costs Organic cost increases Other costs Other results HY 2026 (50) 36 (38) 14 6.4% volume decline, mainly due to weaker market growth, impact volume-to-value strategy and introduction of import duty Mainly targeted yield measures, including €5m fuel surcharges Cost savings (€24 million) partly offset by, amongst others, higher costs related to investments in reduction of physical labour and sustainability Wage increases PostNL and sector CLA, indexation for delivery partners and other inflationary pressure, including €7m higher fuel prices (in € million)
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Tekst Connected to deliver what drives us all forward Revenue development Platforms August 2, 2026 Growing revenue from intra-European e-commerce volumes 19 in €m Q2 2025 Q2 2026 Spring 131 135 Spring (at constant currencies) 135 FX 0 MyParceland other services 46 45 Other and eliminations 17 13 Platforms 194 193 HY 2025 HY 2026 Spring 249 260 Spring (at constant currencies) 267 FX -6 MyParceland other services 91 88 Other and eliminations 35 31 Platforms 375 379 34 HY 2025 Volumes Price/mix Other HY 2026 FX HY 2026 375 (18) (7) 385 (6) 379 7.1% decline (Q1: 1.2%, Q2: -14.7%): Continued growth European volumes • strong growth in e-commerce volumes, up 28% • decline in low-margin traditional mail items Double-digit decline Asia, mainly large web shops • reflecting market dynamics and new low-cost entrants • impact volume-to-value strategy • first impact Introduction of import duty Price increases, mainly in Europe (+4%) Favourable shift in mix, particularly related to European e-commerce activities vs Asian volumes Fully attributable to Spring Revenue, in €mRevenue mix (at constant currencies)
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Tekst Connected to deliver what drives us all forward Platforms normalised EBIT bridge HY 2026 20 Further investments in international expansion 3 (6) HY 2025 Revenue - volume Revenue - price / mix Volume-dependent costs Organic cost increases Other costs Other results HY 2026 (18) 34 (9) (6) (1) (3) 7.1% volume decline: growth in European e-commerce volumes more than offset by decline in Asian volumes and traditional mail volumes Overall price increases and favourable shift in mix, particularly related to European e-commerce activities Mainly investing in expansion of intra-European activities (marketing, IT) Comprising result in MyParcel and investing in other services (mainly fulfilment) (in € million) Mainly increase in third party costs for international transport and distribution costs and other inflationary pressures
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Tekst Connected to deliver what drives us all forward Revenue development Mail 21 Strong structural volume decline continues 33 HY 2025 Volumes Price/mix Other HY 2026 620 (22) (8) 623 5.3% decline (Q1: -2.8%, Q2: -7.7%): • 7.9% decline adjusted for elections (19.4m items in Q1) Mainly due to regular tariff increases and shift in mix related to transition to D+2 delivery framework Stamp prices: • 1 Jan 2026: +6.9% • 1 Jul 2025: +8.3% Revenue, in €m Partly international mail
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Tekst Connected to deliver what drives us all forward Mail HY 2026 normalised EBIT bridge 5.3% volume decline Wage increases PostNL CLAs, sector CLA, indexation for delivery partners and other inflationary pressure Cost savings (€12 million), partly offset by higher IT and transport costs Among others related to export mail HY 2025 Revenue - volume Revenue - price/mix Volume-dependent costs Organic cost increases Other costs Other results HY 2026 (20) (22) 33 8 (15) 4 3 (9) Mainly regular price increases 22 Development of performance supported by election mail and phasing (in € million)
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 resultsPostNL HY2026 results Connected to deliver what drives us all forward Significant improvement in free cash flow Well-executed cash and balance sheet management * HY 2025 excludes impact impairment (€40m) 23 (in € million) HY 2025 HY 2026 (48) (39) Normalised EBIT Depreciation & amortisation* Capex Lease payments and related cash flow Change in working capital Change in provisions Interest paid and income tax Disposals, reversal normalisations and other* Free cash flow (5) 96 (76) (3) (23) 18 (80) (3) 103 (58) (43) 4 (10) (23) 14 (17) Strong focus on proactive working capital management and prior year phasing effects Mainly related to strategic investments in for example expansion of APL network and IT, and in line with FY expectation
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Tekst Connected to deliver what drives us all forward Outlook 2026 confirmed August 2, 2026 (in € m) 2025 2026 outlook Normalised EBIT 53 40 - 70 Free cash flow (25) 0 - (30) 24 53FY 2025 E-commerce Platforms Mail FY 2026 assumed 40-70 • Revenue growth 5% - 7% (2025: €3,324m) • Capex: ~€125m (2025: €106m); lease payments unchanged at ~€100m • Price increases more than offset organic cost increases (~€140m) • Strong focus on cost control and efficiency improvements • Assumes limited impact from changes in treatment of de minimis threshold in EU and US and related customs handling and clearance fee structures; scope and timing could evolve during the year and could impact performance • Excludes risk that geopolitical uncertainty may increase inflationary pressure and impact consumer spending Indicative development normalised EBIT 2026: reaching inflection point in execution of our strategy
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Connected to deliver what drives us all forward25 25 Q&A
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Connected to deliver what drives us all forward26 Appendix 1. Pro forma 2025 numbers in new reporting segments 2. Reconciliation HY 2025 3. Revenue mix E-commerce and Platforms 4. Full reconciliation of income statement and EBITDA 5. Free cash flow per segment 6. Financial position 7. Profit and normalised profit
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Tekst Connected to deliver what drives us all forward Restated 2025 numbers in new reporting segments (in € million) Revenue Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 E-commerce 473 488 466 551 1,978 Platforms 181 194 188 224 786 Mail 309 311 289 406 1,315 PostNL Other 49 49 52 51 201 Other / intercompany (230) (236) (233) (258) (956) PostNL 782 807 762 973 3,324 Normalised EBIT E-commerce 3 12 4 39 58 Platforms 1 2 0 3 6 Mail (18) (2) (23) 45 2 PostNL Other (2) (1) (3) (8) (13) PostNL (15) 11 (21) 79 53 27
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 results Tekst Connected to deliver what drives us all forward Reconciliation HY 2025 August 2, 2026 From old segments to current segments * Restated HY 2025 numbers ** Increase in intercompany eliminations: mainly explained by intercompany revenue between E-commerce and Platforms In € million 28 In € million Revenue HY 2025 Parcels NL and BE Spring Logistic solutions and other services Other/intercompany Parcels 1,184 Mail in the Netherlands 620 PostNL Other 122 Intercompany eliminations (338) PostNL 1,589 Normalised EBIT Parcels 16 Mail in the Netherlands (20) PostNL Other (1) PostNL (5) Revenue HY 2025* E-commerce 961 Platforms 375 Mail 620 PostNL Other 98 Intercompany eliminations** (465) PostNL 1,589 Normalised EBIT E-commerce 15 Platforms 3 Mail (20) PostNL Other (3) PostNL (5)
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 resultsPostNL HY2026 results Connected to deliver what drives us all forward Revenue mix E-commerce and Platforms (in € million) Q1 2025 Q1 2026 Q2 2025 Q2 2026 Q3 2025 Q3 2026 Q4 2025 Q4 2026 FY 2025 FY 2026 Parcels 380 367 399 398 377 455 1,611 Other services and eliminations 93 84 89 88 89 96 366 E-commerce 473 451 488 486 466 551 1,978 29 (in € million) Q1 2025 Q1 2026 Q2 2025 Q2 2026 Q3 2025 Q3 2026 Q4 2025 Q4 2026 FY 2025 FY 2026 Spring (volume-related, at actual rates) 119 125 131 135 127 153 530 MyParcel and other services 44 43 46 45 44 52 186 Other and eliminations 18 17 17 13 17 18 70 Platforms 181 185 194 193 188 224 786
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 resultsPostNL HY2026 results Connected to deliver what drives us all forward Income statement PostNL E-commerce Platforms Mail PostNL Other Eliminations (in € million) HY 2025 HY 2026 HY 2025 HY 2026 HY 2025 HY 2026 HY 2025 HY 2026 HY 2025 HY 2026 HY 2025 HY 2026 Total operating revenue 1,589 1,590 961 937 375 379 620 623 98 105 (465) (454) Other income 6 1 6 0 0 0 0 0 1 1 Cost of materials (36) (35) (21) (23) (3) (3) (8) (5) (4) (3) Work contracted out and other external expenses (839) (839) (624) (601) (307) (309) (319) (325) (55) (58) 465 454 Salaries and social security contributions (519) (522) (187) (190) (41) (45) (237) (231) (54) (55) Pension contributions & related costs (47) (44) (16) (15) (3) (3) (19) (17) (8) (8) Depreciation, amortisation and impairments (136) (103) (44) (46) (5) (6) (50) (10) (37) (41) Other operating expenses (61) (49) (53) (51) (13) (17) (47) (34) 53 52 Total operating expenses (1,638) (1,591) (946) (927) (372) (383) (680) (622) (105) (114) 465 454 Operating income / EBIT (43) 1 20 11 3 (4) (60) 1 (6) (7) - - EBITDA PostNL E-commerce Platforms Mail PostNL Other Operating Income / EBIT (43) 1 20 11 3 (4) (60) 1 (6) (7) Depreciation, amortisation and impairments 136 103 44 46 5 6 50 10 37 41 Reported EBITDA 93 104 64 57 8 2 (10) 11 31 34 IFRS16 impact (depreciation RoU assets) (39) (41) (26) (27) (3) (4) (5) (4) (5) (6) EBITDA excluding IFRS16 impact 54 63 39 30 5 (2) (15) 7 26 28 Full reconciliation of income statement and EBITDA 30
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 resultsPostNL HY2026 results Connected to deliver what drives us all forward Free cash flow per segment PostNL E-commerce Platforms Mail PostNL Other & Eliminations (in € million) HY 2025 HY 2026 HY 2025 HY 2026 HY 2025 HY 2026 HY 2025 HY 2026 HY 2025 HY 2026 EBITDA 93 104 64 57 8 2 (10) 11 31 34 Change in pensions 0 0 0 0 0 0 0 0 0 0 Change in provisions (3) (10) (2) 0 0 1 0 (10) (1) (1) Change in working capital (76) 4 (6) 11 (3) 10 (29) (21) (38) 4 Capex (48) (58) (7) (14) (4) (2) (2) (1) (35) (42) Disposals 1 0 1 0 0 0 0 0 (1) 0 Interest paid (21) (20) (3) (3) 0 0 (1) (1) (16) (16) Income tax paid (2) (3) (5) (3) (1) 1 15 0 (12) (1) Lease payments and related cash flow (39) (43) (26) (29) (3) (4) (5) (4) (6) (6) Other 15 9 9 8 0 (6) 0 0 5 7 Free cash flow (80) (17) 26 28 (3) 1 (31) (27) (71) (20) Free cash flow yield -17% -4% 31 *xxx
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 resultsPostNL HY2026 results Connected to deliver what drives us all forward Financial position (in € million) 31 Dec 2025 27 June 2026 Short- and long-term debt 868 869 Long-term interest-bearing assets (12) (11) Short-term investments (101) (106) Cash and cash equivalents (515) (478) Net debt 241 274 Pension liabilities / WGA self-insurance 43 45 Lease liabilities (on balance) 300 280 Lease liabilities (off balance) 1 11 DTA on WGA and operational lease liabilities (83) (81) Adjusted net debt 501 528 Adjusted net debt 32 Balance sheet (in € million) 31 Dec 2025 27 June 2026 Intangible fixed assets 372 373 Property, plant and equipment 449 440 Right-of-use assets 289 272 Other non-current assets 52 54 Other current assets 424 397 Short-term investments 101 106 Cash 515 478 Assets classified as held for sale 3 3 Total assets 2,204 2,122 31 Dec 2025 27 June 2026 Consolidated equity 176 157 Non-controlling interests 2 2 Total equity 178 159 Long-term debt 696 696 Long-term lease liabilities 215 197 Other non-current liabilities 145 143 Short-term lease liabilities 84 83 Other current liabilities 886 845 Total equity & liabilities 2,204 2,122
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INDELING THEME COLORS HYPERLINKTITLE COLOR CMD template (kleine afwijkingen t.o.v. standaard PostNL-template) PostNL HY2026 resultsPostNL HY2026 results Connected to deliver what drives us all forward Profit and normalised profit PostNL (in € million) HY 2025 HY 2026 Operating income / EBIT (43) 1 Net financial expenses (8) (13) Results from investments in JVs/associates 0 0 Income taxes 8 6 Profit/(loss) from discontinued operations 2 0 Profit (41) (6) Normalisation on EBIT, net of tax 34 (3) Normalised profit (7) (9) 33