Parcel locker giant InPost has reported significant losses in its UK operations during the crucial Christmas period, as it prepares for a near-£7 billion takeover by a consortium led by FedEx and Advent. The Polish-headquartered company's UK arm posted an underlying loss of 99.3 million zlotys (£20.1 million) in the fourth quarter, reversing a profit of 100.1 million zlotys (£20.3 million) a year earlier.
InPost said it prioritised service quality over short-term cost optimisation during peak season, capping parcel deliveries and pausing UK restructuring. Integration and accounting costs from its £106 million acquisition of Yodel last year also weighed on earnings, with the deal expected to halve UK underlying earnings to 98.8 million zlotys (£20 million) by 2025.
Group-wide underlying earnings fell 4% in the fourth quarter to 1.1 billion zlotys (£220 million), worse than expected. However, annual group earnings rose 12% to 4.1 billion zlotys (£830 million). InPost projects no growth in underlying earnings for 2026, citing lower expected profitability in Poland and the increasing share of the UK in total results.
Parcel volumes hit record levels in the UK at 262.1 million, boosted by the Yodel deal, and were also a record high across the group, up 25% to 1.4 billion. The takeover, agreed in February, values InPost at €7.8 billion (£6.7 billion) and is expected to complete in the second half of 2026. Founder and CEO Rafał Brzoska will remain at the helm.
Brzoska said: '2025 was a year of relentless acceleration for InPost. We delivered record volumes as well as revenues, and continued to expand our leadership position across Europe.' He added that in the UK, the company is investing decisively to build scale and transform the business following the Yodel integration.
