Gabriela Burdach
Head of Investor Relations

Good morning. My name is Gabriela Burdach, and I'm the Investor Relations Director at InPost. Welcome to InPost First Quarter 2026 Earnings Call. A usual disclaimer, today's call includes forward-looking statements that are subject to risks, and it is possible that the actual results may differ materially. One very important highlight with respect to the proposal to acquire all shares in InPost, we will not answer any questions related to the tender offer.

This call is strictly focused on financial results, trading performance and the outlook update. This call is also being recorded, and the recording will be available on our IR website shortly after we wrap it up today. After the slides, we will have a Q&A session. Today's presenters are Rafal Brzoska, CEO; Michael Rouse, CEO International; and Javier van Engelen, CFO of InPost Group. I'm now pleased to hand over to our CEO, Rafal, over to you.

Rafal Brzoska
President of Management Board & CEO

Good morning, everyone. Thank you, Gabi, and thank you all for joining us. Q1 2026 was yet another strong quarter for InPost Group with growth in both volumes and revenue driven primarily by our international expansion. In total, we handled almost 360 million parcels, up 32% year-on-year. This reflects continued merchant adoption, strong customer loyalty, our focus on quality and the contribution from international acquisitions.

At the top line, revenue reached