Thessaloniki Port Authority reported its strongest financial and operational performance on record for fiscal year 2025, with revenue, profitability and container throughput all reaching all-time highs despite an uncertain global supply chain environment.
Group revenue reached EUR€107.4 million, an increase of €6.7 million or 6.7% on 2024, driven primarily by an EUR€8 million rise in container terminal revenue representing 11.3% growth.
Cruise and ferry revenue grew by 21.9%, while real estate income increased by 5%.
Conventional cargo terminal revenue declined by 5.5%, reflecting broader contraction in the Balkans conventional cargo market.
Container throughput reached 617,000 TEUs, an increase of 51,000 TEUs or 9.1% compared to 2024, continuing an upward trend. Conventional cargo throughput fell by 398,000 tonnes to 2.8 million tonnes, consistent with regional market dynamics.
EBITDA rose 13.1% to EUR€48.2 million, with the EBITDA margin reaching 44.9%, significantly above the average of prior years.
Gross profit grew 7% to EUR€50.3 million, and net earnings after taxes increased 9.7% to EUR€30.8 million, equivalent to earnings per share of EUR€3.06.
Operating cash flow exceeded EUR€34.8 million. The Board of Directors has proposed a dividend of EUR€2.2 per share for 2025, a 10% increase on the prior year, subject to shareholder approval at the Annual General Meeting on May 12, 2026.
Total investments since privatisation in March 2018 through to December 2025 have exceeded EUR€89.6 million, comprising EUR€22.5 million in mandatory concession-related investments and over EUR€67.1 million in additional capital directed toward infrastructure upgrades, mechanical and IT equipment, and digitalisation.
Capital expenditure in 2025 alone amounted to EUR€12 million, with a significant acceleration in investment planned for the 2026 to 2030 period following the signing of a contract with the METKA-TEKAL consortium in November 2025 for the expansion of Pier 6.
CEO Dr. Ioannis Tsaras described 2025 as a milestone year, combining record performance with the launch of the most significant development project in the port’s modern history.
He highlighted the Pier 6 expansion as a transformative investment that will more than double container terminal capacity and enable the simultaneous handling of multiple Ultra Large Container Vessels of up to 24,000 TEU, reinforcing Thessaloniki’s positioning as a strategic trade gateway for Southeast, Central and Eastern Europe.
