Thessaloniki Port Authority S.A. – FY2024 Financial Highlights

April 18, 2025
  • Record revenues:
    • €100.7 million, up 17% from €85.9 million in 2023.
    • Growth across all segments:
      • Container Terminal: +19%
      • Conventional Cargo: +14%
      • Passenger Traffic: +54%
      • Real Estate: +7%
    • Profitability:
      • Gross profit: €47.1 million (+25%)
      • EBITDA: €42.6 million (+25%, margin: 42%)
      • Earnings before tax: €36.3 million (+37%)
      • Net profit: €28 million (+38%)
      • Earnings per share: €2.78
    • Dividend:
      • Proposed at €2.00/share, up 54% from €1.30/share
      • To be approved at AGM on 14 May 2025
    • Liquidity:
      • €123 million in cash, equivalents, and financial assets
      • Includes €76.4 million in long-term deposits
      • Up €28 million YoY
    • Capital expenditure:
      • €6.3 million in 2024
    • Outlook:
      • Master Plan approved, enabling key investments including Pier 6 expansion