Attica Group H1 2025 Financial Results

By | 2025 Newsletter week 40 | No Comments
  • Revenue: €326.6m (+3% vs H1 2024).
  • EBITDA: €4.1m (down from €19.5m).
  • Net Results: Loss of €52.3m (incl. €17.3m non-recurring costs) vs loss of €23.8m in H1 2024.
  • Operating Costs: €321.0m (+14%), mainly due to emission allowances, regulatory compliance, inflation, and payroll.
  • Cash: €78.6m (31.06.2025).
  • Investments: €46.5m in fleet energy upgrades and hotel renovations.

Traffic Volumes

  • 7m passengers (-3.6%).
  • 456k private vehicles (-1.3%).
  • 276k freight units (+3.8%).
  • 8,272 sailings (-1.6%).

Fleet & Strategy

  • 37 vessels: 25 RoPax, 10 highspeed, 2 RoRo.
  • New E-Flexer vessels on order with hybrid propulsion.
  • Sale and recycling of older vessels, reducing average fleet age to 24.9 years.
  • Ongoing hotel investments in Tinos and Naxos.
  • Digitalisation (Seanthesis project) to enhance passenger services.

Outlook

  • Inflation and geopolitical uncertainty impacting traffic.
  • Despite higher environmental costs, ticket prices largely unchanged to stimulate demand.
  • Management focused on cost optimisation, revenue growth, and sustainable development.

Source: Attica Group