Piraeus port announced its first half 2025 financial results, reporting increased revenue and profitability during a period that continues presenting challenges for shipping and global trade.
Total revenue reached EUR€122.8 million,representing a 14.7% increase compared to EUR€107.1 million in the same 2024 period.
The increase primarily originated from container and cruise sectors and the concession of piers II & III, while declines occurred in car terminal, ship repair, and coastal shipping segments, with coastal shipping decreases attributed to the 50% port dues reduction effective from May 2025.
Net profit after tax reached EUR€46.7 million, compared to EUR€40.4 million in the first half of 2024, an increase of 15.3%.
During the same period, the company executed investments of EUR€48.1 million in infrastructure projects and equipment, while eliminating its bank debt through early repayment of two loans.
Total assets reached EUR€682.4 million, up 3.0% compared to year-end 2024.
PPA S.A.’s CEO, Mr. Su Xudong, stated that the first half 2025 results demonstrate the Port of Piraeus’s stability and capacity to operate effectively in an international environment characterized by challenges. He added also that the consistent recognition of PPA as one of Greece’s most sustainable companies, along with our actions within the ESG framework, confirm a commitment to balanced economic and social development.
