Piraeus Port Authority (PPA S.A.) reported record revenue and EBITDA for FY 2025, with solid performance across key segments.
Financial highlights:
- Revenue: €250.8 million (+8.6%, +€19.9 million vs 2024)
- EBITDA: €132.3 million (+2.2%)
- Net profit: €86.2 million (–1.5%)
- Cash position: €149.8 million (as of 31 December 2025)
The company proposes a dividend of €1.896 per share, broadly in line with €1.92 in 2024. PPA maintains a payout ratio of 55% of net profit.
Segment performance:
- Cruise: Passenger traffic and revenue reached a new all-time high (+24.8%), reinforcing Piraeus as a leading Eastern Mediterranean hub.
- Car terminal: Revenue decreased by 5.4%, reflecting extraordinary storage revenues recorded in 2024. Transhipment volumes increased by 17.6%.
- Container terminals: Showed resilience, with Pier I revenue up 17.0% (reaching profitability) and Piers II & III up 10.8%, despite lower throughput and ongoing Red Sea-related disruptions.
- Ferry sector: Revenue decreased by 28.4%, following reduced port fees from May 2025 at the request of the Ministry of Maritime Affairs and Insular Policy. Passenger and vehicle volumes increased, confirming Piraeus’ key role in domestic connectivity.
Overall, the results highlight PPA’s resilience amid ongoing geopolitical and market challenges.
