Parcel locker operator InPost Group has reported explosive growth in the UK market following its acquisition of Yodel, although profitability has been hit by integration costs.
Reporting its results for the fourth quarter of 2025, the group said UK parcel volumes more than tripled year-on-year in the period, helping drive a 30% rise in total group volumes to 417.6 million items. The UK was the standout performer, with volumes up 240% and revenues rising by more than 130%.
The surge follows the consolidation of Yodel into InPost’s UK operations, significantly increasing its scale in the domestic parcels market and strengthening its position in out-of-home delivery.
However, the company warned that UK profitability remains under pressure. Adjusted EBITDA in the UK was negative during the quarter, reflecting the cost of integrating Yodel and a decision to prioritise service quality over short-term cost efficiencies.
Across the group, Q4 revenues rose 32.6% year-on-year to PLN4.5bn ( £910m), while adjusted EBITDA fell 3.9% to PLN1.1bn (£220m), reflecting integration costs and increased depreciation linked to recent acquisitions.
InPost said it is continuing to invest heavily in its UK network, as part of a wider European expansion strategy. The group added 14,200 lockers during the year, taking its total out-of-home network to more than 94,000 locations and reinforcing its position as Europe’s largest automated parcel machine (APM) operator.
Looking ahead, InPost expects strong continued growth in 2026, with international volumes – including the UK – forecast to rise by around 70% in the first quarter. Full-year group volumes are expected to grow at a mid to high-teens rate.
However, the growing share of lower-margin UK operations is expected to weigh on overall profitability, with group EBITDA forecast to remain broadly flat.
The company said it plans to accelerate deployment of lockers across all markets, targeting more than 20,000 new APM installations as it continues to expand its presence in the UK and across Europe.
Rafał Brzoska, InPost Group founder and chief executive, commented: “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 - all while integrating acquisitions and investing heavily into our network, technology and operations.
“Our performance once again confirms the strength, scalability and resilience of our out‑of‑home delivery model, which continues to win the trust of millions of consumers and thousands of merchants.
He added: “In the UK, following the integration of Yodel, we are investing decisively to build scale and transform the business. This includes restructuring initiatives designed to improve efficiency, enhance service quality and improve profitability over time, while continuing the rapid expansion of our APM network and reshaping consumer delivery habits.
“As we enter the next chapter, we remain focused on shifting European e‑commerce to out‑of‑home, unlocking operational synergies across our platform and continuing to invest significantly to support our long-term growth.”
