Attica Group improves H1 earnings despite fewer sailings

  • Revenue rose 1% to €329.8 million in H1 2026, despite a 12.8% reduction in sailings.
  • EBITDA increased to €15.7 million, from €4.1 million in H1 2025, supported by improved operational efficiency and cost rationalisation.
  • Net losses narrowed to €13.5 million, from €52.3 million.
  • Results included €14.8 million in profits from asset disposals, compared with €1.7 million a year earlier.
  • Operating expenses fell 1.5% to €316.2 million. Fuel consumption declined 11%, helping offset higher fuel costs and charges associated with ETS, FuelEU and SECA regulations.
  • Traffic declined, with 2.5 million passengers (−6.1%), 448,000 private vehicles (−1.7%) and 265,000 freight units (−4.1%). However, average passenger and vehicle volumes per sailing increased.
  • Net debt increased to €564.1 million, from €515.6 million at end-2025, while cash and cash equivalents stood at €97.5 million.

Ferry operations are being consolidated into two companies, covering Greek domestic and international services respectively. The international restructuring is complete (four companies > one), with the domestic process due to finish by year-end.

Full report: https://www.attica-group.com/storage/media/financial-results/attica-group-interim-fs-2026-1k9G.pdf

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